Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.87%. ?The 30-year fixed-rate mortgage continued to inch down this week, reaching its lowest level thus far in 2025,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today reported its Fourth Quarter and Full-Year 2024 financial results and filed its Annual Report on Form 10-K with the U.S. Securities and Exchange Commission. The company will hold a call at 9 a.m. Eastern Time today, February 13, 2025, to share its results with the media. Freddie Mac?s mission is to make home possible for families across the nation.
Freddie Mac announced today that it plans to report its Fourth Quarter and Full-Year 2024 financial results before the U.S. financial markets open on Thursday, February 13, 2025. The company will hold a call at 9 a.m. Eastern Time on Thursday, February 13, 2025, to share the company?s results with the media. Freddie Mac?s mission is to make home possible for families across the nation.
Greystone, a leading national commercial real estate finance company, has provided a $20,777,000 Fannie Mae Delegated Underwriting & Servicing loan to refinance a 206-unit multifamily property in Allentown, Pennsylvania. Wynnewood Greens, built in 1975, comprises 18 low-rise, three-story buildings.
Freddie Mac today announced the tender results of its previously announced offer to purchase any and all of the STACR? Notes listed in the table below. The Company has conducted the Offer in accordance with the conditions set forth in the Offer to Purchase dated February 3, 2025 and related Notice of Guaranteed Delivery dated February 3, 2025.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.89%. ?The 30-year fixed-rate mortgage decreased this week, now averaging 6.89%,? said Sam Khater, Freddie Mac?s Chief Economist.
Community Housing Capital and the Federal Home Loan Bank of Atlanta announced today an investment of $750,000 in grant funding designated for John Grace Arms, a project to construct 60 multifamily rental units in Southfield, Michigan.
Freddie Mac today announced that it has commenced a fixed-price cash tender offer for the purchase of any and all of the STACR? Notes listed in the table below beginning Monday, February 3, 2025. Freddie Mac has engaged BofA Securities, Inc. and Morgan Stanley & Co. LLC as lead dealer managers and Academy Securities, Inc. as co-dealer manager for the Offer.
The Federal Home Loan Bank of San Francisco announced today that its Board of Directors and Chief Executive Officer Alanna McCargo have jointly determined that effective immediately Ms. McCargo will step down as President and CEO.
The board of directors of the Federal Home Loan Bank of Atlanta today approved a cash dividend for the fourth quarter 2024 at an annualized rate of 7.10 percent. ?Throughout the fourth quarter of 2024, our commitment to helping members through economic uncertainty and advancing our mission remained steadfast,? said FHLBank Atlanta Chair of the Board, Thornwell Dunlap.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.95%. "The 30-year fixed-rate has hovered between 6% and 7% for most of the last two and a half years. News Facts The PMMS? is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit.
Greystone Servicing Company LLC, a leading national commercial real estate finance company, announced it ranks in the Top 10 for total production volume of both Fannie Mae and Freddie Mac loans in 2024. In 2024, Greystone once again ranked #1 for volume for all lenders in Fannie Mae Small Loans, illustrating its commitment to middle-market and workforce housing markets nationwide.
Freddie Mac today posted to its website its Monthly Volume Summary for December 2024, which provides information on Freddie Mac?s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments. Freddie Mac?s mission is to make home possible for families across the nation.
Carter Bank and the Federal Home Loan Bank of Atlanta announced today a significant investment of $2.3 million in grant funding, designated for three separate projects that will create 168 new affordable housing units across North Carolina.
In response to the devastating wildfires in the greater Los Angeles region, the Federal Home Loan Bank of San Francisco announced it will contribute $2 million to aid ongoing response and relief efforts and provide front line support in impacted communities.
Ryan Donovan, President and Chief Executive Officer of the Council of Federal Home Loan Banks, the public voice of the Federal Home Loan Bank System, today released the following statement in response to President Trump?s nomination of Bill Pulte as director of the Federal Housing Finance Agency.
Greystone, a leading national commercial real estate finance company, has provided a $11,749,000 Fannie Mae Delegated Underwriting & Servicing loan to refinance a 61-unit multifamily property in Amityville, New York.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 7.04 percent. ?Mortgage rates ticked up for the fifth consecutive week and crossed seven percent for the first time since May of 2024,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac? Multifamily today announced its 2024 production volume totaled $66 billion, a 34% increase over 2023. ?Every day, we go to work to provide liquidity, stability and affordability to the multifamily market. Freddie Mac data released today indicates that the company will achieve its 2024 Multifamily affordable housing goals set by the Federal Housing Finance Agency.
Freddie Mac??and Intercontinental Exchange, Inc. (ICE), a leading global provider of technology and data, today announced enhancements that leverage both companies? automation technologies to enable lenders to more quickly and efficiently underwrite mortgage loans starting at the point of sale.
The Federal Home Loan Bank of Indianapolis and LISC Detroit announced today a new program designed to help resolve and prevent ongoing heirs? property issues in the city of Detroit.
Freddie Mac today is reminding homeowners and mortgage servicers of its immediate relief options for those affected by the tragic wildfires in California. ?The number one priority for those affected by the destruction of these ongoing wildfires is to reach safety,? said Mike Reynolds, Freddie Mac Single-Family Vice President and Head of Servicing.
Federal Home Loan Bank of Atlanta announced today that it has appointed four new members to its Affordable Housing Advisory Council. Scott Farmer is executive director of the North Carolina Housing Finance Agency, overseeing the organization?s financing of more than $2 billion of affordable housing and its work to assist more than 11,000 households in the state each year.
Freddie Mac? issued $56 billion of securities through its multifamily risk transfer platform in 2024, transferring interest rate risk, liquidity risk and the majority of expected credit risk away from U.S. taxpayers to private investors.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.93 percent. "In the first full week of the new year, the 30-year fixed-rate mortgage remained elevated at just under 7 percent,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac?s? newly released Outlook forecasts multifamily originations to rise in 2025, while predicting modest rent growth below the long-term average and a slight increase in vacancy rates, which will remain above the long-term average. Analysis in the Outlook notes that through the end of 2024, despite strong demand, record-high supply kept market fundamentals muted.
Freddie Mac today announced the election of Jane E. Prokop, Ph.D. to its Board of Directors, which was effective on January 2, 2025. ?Ms. Prokop brings nearly 30 years of strategic insights, broad financial services experience and cutting-edge financial technology expertise to support Freddie Mac?s mission,? said Lance Drummond, Chair of Freddie Mac?s Board of Directors.
Freddie Mac? today announced the appointment of James Whitlinger as executive vice president and chief financial officer, effective January 1, 2025. ?It?s with great pleasure that we announce Jim Whitlinger as the company?s new chief financial officer,? said Diana Reid, Chief Executive Officer of Freddie Mac.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.91 percent. ?Inching up to just shy of seven percent, mortgage rates reached their highest point in nearly six months,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today published on its website the National Association of Insurance Commissioners 2024 filing year designations for certain STACR REMIC Trust, STACR Trust, and STACR Debt Notes. Overall, of the 209 reviewed STACR Notes, all have achieved NAIC 1 Designation including all A1, M1 and M2 Notes offered through 2024 STACR transactions.
Freddie Mac today released the results of its Primary Mortgage Market Survey??, showing the 30-year fixed-rate mortgage averaged 6.85 percent. ?Mortgage rates increased for the second straight week, rebounding after a decline from earlier this month,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today posted to its website its Monthly Volume Summary for November 2024, which provides information on Freddie Mac?s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments. Freddie Mac?s mission is to make home possible for families across the nation.
Federal Home Loan Bank of Des Moines is pleased to announce that more than $100 million will be awarded to 55 affordable housing initiatives in its district. ?FHLB Des Moines is very honored to play an important role in enabling our members? communities to be strong and vibrant places to work and live,? says Kris Williams,?president and CEO of FHLB Des Moines.
Federal Home Loan Bank of Atlanta today announced the recipients of its 2024 Affordable Housing Program General Fund awards. For the complete list of 2024 awards, click here. ?Each year, we are proud of how our member institutions leverage this annual fund to strengthen their communities and expand access to affordable housing,? said FHLBank Atlanta President and CEO Kirk Malmberg.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.72 percent. ?This week, mortgage rates crept up to a similar average as this time in 2023,? said Sam Khater, Freddie Mac?s Chief Economist.
The Freddie Mac Multifamily Apartment Investment Market Index? rose nationwide by 5.3% quarter-over-quarter and 9.2% year-over-year, according to new data released today, continuing an upward trend. ?AIMI increased as mortgage rates fell, decreasing the cost of financing,? said Sara Hoffmann, senior director of Multifamily Research at Freddie Mac.
Greystone, a leading national commercial real estate finance company, announced it has assisted Cedar Rapids Bank and Trust in completing a $157 million Freddie Mac Q-Series securitization.
Three quarters of homeowners born before 1964 are likely to leave much of their $17 trillion in home equity to their children, according to Freddie Mac?s latest analysis of the housing perceptions, preferences and plans of Baby Boomers.
A new joint report by the Federal Home Loan Bank of Indianapolis and Black Onyx Management found more than 1,800 heirs? properties ? land or property passed down among family members without a formal will or estate plan after the owner?s death ? collectively valued at more than $258 million in Marion and Allen counties, two of Indiana?s most populated counties.
The Federal Home Loan Bank of New York announced today the results of the 2024 election for four positions on the FHLBNY?s Board of Directors whose terms will each commence on January 1, 2025. The specific results of the election were as follows: ?An active and engaged Board is key to the strength of any institution,? said Jos? R. Gonz?lez, president and CEO of the FHLBNY.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.60 percent. ?The 30-year fixed-rate mortgage decreased for the third consecutive week,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.69 percent. ?This week, mortgage rates decreased to their lowest level in over a month,? said Sam Khater, Freddie Mac?s Chief Economist.
Funds incentivize member institutions to originate conventional loans at below-market rates, benefiting hundreds of residents in Indiana and Michigan In response to heavy member demand, the Board of Directors of the Federal Home Loan Bank of Indianapolis recently approved adding $2.7 million to its new Rate Advantage Program, bringing the total program allocation to $6.7 million to make homeown...
Freddie Mac Multifamily today published the results of an analysis that examined challenges facing low-income renters as they seek to use Housing Choice Vouchers. ?Freddie Mac?s findings demonstrate that voucher usage is generally lower among areas that provide greater access to opportunity,? said Sara Hoffmann, senior director of Multifamily Research at Freddie Mac.
The Federal Home Loan Bank of New York announced today that Jos? R. Gonz?lez, president and Chief Executive Officer of the FHLBNY, will retire from the FHLBNY on April 4, 2025, and that Randolph C. Snook, Chief Executive Officer of the FHLBanks Office of Finance, has been named as his successor to the role.
Greystone, a leading national commercial real estate finance company, announced it has assisted Webster Bank N.A. in completing a $303 million Freddie Mac Q-Series securitization. The transaction was led on behalf of Webster Bank by Greystone?s Structured Products Group, including Leena Amin, Senior Managing Director; Greg Darling, Managing Director; and Directors Max Garelick and Scott Fuller.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.81 percent. ?The 30-year fixed-rate mortgage moved down this week, but not by much,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today posted to its website its Monthly Volume Summary for October 2024, which provides information on Freddie Mac?s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments. Freddie Mac?s mission is to make home possible for families across the nation.
Greystone, a leading national commercial real estate finance company, has provided a $26,109,000 Freddie Mac loan to refinance a 180-unit multifamily property in Myrtle Beach, South Carolina. Originally constructed in 1998, Reserve at Ridgewood in Horry County is a garden-style apartment community featuring two- and three-bedroom units set across 15 residential buildings.
The Federal Home Loan Bank of Indianapolis announced today that the $16.8 million allocated for its 2024 Affordable Housing Program awardees based in Indiana set a single-year Bank record for affordable housing project funding, eclipsing the previous record of $13.5 million in 2014.
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Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
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