NEW YORK, Nov. 23, 2020 ?Jos? R. Gonz?lez, president and CEO of the Federal Home Loan Bank of New York, announced that the FHLBNY has awarded $36.9 million in subsidies to fund 46 affordable housing initiatives throughout New Jersey, New York, Puerto Rico, Connecticut and Washington, D.C.? These awards are funded through the FHLBNY's Affordable Housing Program, and will result in the creation, ...
Federal Home Loan Mortgage Corp : * FREDDIE MAC PRICES $891 MILLION MULTIFAMILY K-DEAL, K-F93. * FREDDIE MAC (FMCC) - THE APPROXIMATELY $891 MILLION IN K CERTIFICATES ARE EXPECTED TO SETTLE ON OR ABOUT DECEMBER 3, 2020 Source text for Eikon: Further company coverage:
Freddie Mac (FMCC) has priced a new offering of Structured Pass-Through Certificates, which includes a class of floating rate bonds indexed to the Secured Overnight Financing Rate. K-F93 includes one class of senior bonds indexed to LIBOR and another class of senior bonds indexed to SOFR.
The Subsidies Will Result in the Creation or Rehabilitation of Nearly 3,000 Housing Units. The Federal Home Loan Bank of Dallas is pleased to announce that, in partnership with its member financial institutions, it has awarded $19.3 million in Affordable Housing Program subsidies to 38 projects in Arkansas, Louisiana, Mississippi, New Mexico and Texas.
Freddie Mac (FMCC) recently priced a new offering of Structured Pass-Through Certificates which are backed by underlying collateral consisting of supplemental multifamily mortgages. K-J32 Pricing Related Links The K-J32 Certificates are backed by corresponding classes issued by the FREMF 2020-KJ32 Mortgage Trust and guaranteed by Freddie Mac.
Federal Home Loan Mortgage Corp: * FREDDIE MAC PRICES $1.2 BILLION MULTIFAMILY K-DEAL, K-120. * FREDDIE MAC (FMCC) - EXPECTS TO ISSUE APPROXIMATELY $1.2 BILLION IN K CERTIFICATES, WHICH ARE EXPECTED TO SETTLE ON OR ABOUT NOVEMBER 24 Source text for Eikon: Further company coverage:
Freddie Mac (FMCC) recently priced a new offering of Structured Pass-Through Certificates, which are backed by underlying collateral consisting of fixed-rate multifamily mortgages with predominantly 10-year terms. K-120 Pricing Details Related Links The K-120 Certificates are backed by corresponding classes issued by the FREMF 2020-K120 Mortgage Trust and guaranteed by Freddie Mac.
NEW YORK, Nov. 20, 2020 ?The Federal Home Loan Bank of New York announced today that Larry E. Thompson has been re-elected by its Board of Directors to serve as the Board's vice chairman for a two-year term commencing January 1, 2021.
Fannie Mae (FNMA) and Freddie Mac's (FMCC) regulator is pushing to speed up their exit from government control, but is yet to reach an agreement with Treasury Secretary Steven Mnuchin, the Wall Street Journal reported, citing people familiar with the matter.
Sallie Mae?, formally SLM Corporation (SLM), today announced a 2020 fourth quarter dividend on its Preferred Stock Series B of $0.4896937 per share. Both common stock and preferred stock dividends will be paid on Dec. 15, 2020, to the respective stockholders of record at the close of business on Dec. 4, 2020.
NEW YORK, Nov. 19, 2020 ?The Federal Home Loan Bank of New York is pleased to announce that, on November 19, 2020, its Board of Directors approved a dividend for the third quarter of 2020 of 5.10%.? The dollar amount of the dividend will be approximately $79.3 million. The cash dividend will be distributed to member financial institutions on November 20, 2020.
SEATTLE, Nov. 19, 2020 Urban Housing Ventures, a fund with an innovative approach to addressing the affordable housing crisis, announced the closing of its first fund in partnership with Microsoft, Washington Federal, Washington Trust, and Stream Real Estate, and financing provided by Berkadia and Freddie Mac.
Greystone, a leading private national commercial real estate finance company, provided two refinancing loans for a multifamily portfolio in Sanford, Florida. The properties include: ?It?s been a pleasure working with this team as they grow their portfolio,? said Mr. Sacks.
WASHINGTON, Nov. 19, 2020 ?Fannie Mae (FNMA) has been named a top company for inclusion by the National Business Inclusion Consortium, a coalition formed by the National LGBT Chamber of Commerce. "At Fannie Mae (FNMA), we are proud to foster a diverse workforce that reflects the communities we serve," said Jeffery R. Hayward, Executive Vice President and Chief Administrative Officer, Fannie Mae.
Freddie Mac (FMCC) today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 2.72 percent, the lowest rate in the survey?s history which dates back to 1971. ?Weaker consumer spending data, which accounts for the majority of economic growth, drove mortgage rates to a new record low,? said Sam Khater, Freddie Mac?s Chief Economist.
LOS ANGELES, Nov. 18, 2020 Zest AI, a leader in software for credit underwriting, today announced a partnership with Freddie Mac. Michael Bradley, Freddie Mac's Senior Vice President of Modeling, Econometrics, Data Science and Analytics for its Single-Family Business. "Freddie Mac and Zest share the goal of making economic opportunity possible for more people.
Housing giants Fannie Mae (FNMA) and Freddie Mac (FMCC) would have to raise over $200 billion in new capital to fall in line with a new capital rule finalized Wednesday by their regulator.
Freddie Mac (FMCC) today announced pricing of the third Seasoned Loans Structured Transaction Trust offering of 2020?a securitization of approximately $637 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned re-performing loans.
Freddie Mac (FMCC) has priced a new offering of Structured Pass-Through Certificates, which includes a class of floating rate bonds indexed to the Secured Overnight Financing Rate. K-F92 includes one class of senior bonds indexed to LIBOR and another class of senior bonds indexed to SOFR.
According to Freddie Mac?s latest Insight, without forbearance, many households may have defaulted or been forced to sell their homes during the COVID-19 pandemic. Mortgage forbearance temporarily removes the obligation for borrowers to make their monthly mortgage payment.
Sabal Capital Partners, LLC, a diversified financial services firm specializing in commercial real estate, lending and investing, today announced it has been approved by Freddie Mac as an Optigo? Conventional Mortgage lender. The Freddie Mac Optigo? core multifamily loan products now offered by Sabal include debt solutions in Fixed-Rate, Float-to-Fixed and Floating-Rate.
Greystone, a leading private national commercial real estate finance company, provided two refinance loans totaling $42.6 million for a multifamily portfolio in the Sacramento region. Leveraging its expertise across a range of capital options, Greystone provided the debt financing from two different sources, Freddie Mac and Fannie Mae.
WASHINGTON, Nov. 17, 2020 ?The response by consumers and policymakers to rising COVID-19 case counts is likely to determine whether currently projected improvements to U.S. economic growth materialize, according to the latest commentary from the Fannie Mae Economic and Strategic Research Group.
Kroll Bond Rating Agency is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2020-K120 mortgage pass-through certificates and three classes of Freddie Mac structured pass-through certificates, Series K-120. The underlying transaction is collateralized by 54 fixed-rate multifamily mortgage loans.
Federal Home Loan Mortgage Corp : * FREDDIE MAC ANNOUNCES PRICING OF $363 MILLION MULTIFAMILY SMALL BALANCE LOAN SECURITIZATION Source text for Eikon: Further company coverage:
Freddie Mac (FMCC) announces the pricing of the SB80 offering, a multifamily mortgage-backed securitization backed by small balance loans underwritten by Freddie Mac (FMCC) and issued by a third-party trust. SB80 Pricing Details: Freddie Mac (FMCC) is guaranteeing three senior principal and interest classes and one interest only class of securities issued by the FRESB 2020-SB80 Mortgage Trust.
Freddie Mac (FMCC) recently priced a new offering of Structured Pass-Through Certificates, which are backed by underlying collateral consisting of fixed-rate multifamily mortgages with predominantly 7-year terms. K-740 Pricing Details Related Links The K-740 Certificates are backed by corresponding classes issued by the FREMF 2020-K740 Mortgage Trust and guaranteed by Freddie Mac.
WASHINGTON, Nov. 13, 2020 Fannie Mae (FNMA) priced a $783 million Multifamily DUS? REMIC under its Fannie Mae Guaranteed Multifamily Structures program on November 10, 2020. FNA 2020-M52 marks the tenth Fannie Mae GeMS issuance of 2020.
Housing finance giant Freddie Mac's (FMCC) chief executive officer, David Brickman, will resign in January next year, the company disclosed in a filing with the U.S. Securities and Exchange Commission on Friday. Separately, the board named Michael Hutchins as interim president effective Nov. 16, according to the filing.
Federal Home Loan Mortgage Corp : * FREDDIE MAC (FMCC) - ON NOVEMBER 9, CEO BRICKMAN NOTIFIED FREDDIE MAC'S BOARD OF DIRECTORS THAT HE HAS DECIDED TO RESIGN AS CEO. * FREDDIE MAC (FMCC) - MICHAEL T. HUTCHINS HAS BEEN APPOINTED INTERIM PRESIDENT OF COMPANY EFFECTIVE NOVEMBER 16, 2020. * FREDDIE MAC (FMCC) - BOARD WILL ALSO BE LAUNCHING A SEARCH FOR A NEW CEO FOR FREDDIE MAC.
Federal Home Loan Bank of Atlanta announced today that it has awarded $26,938,914 million to assist in the funding of 61 affordable housing initiatives in 19 states and the District of Columbia as part of its 2020 Affordable Housing Program.
Freddie Mac (FMCC) today released the results of its Primary Mortgage Market Survey??, showing that the 30-year fixed-rate mortgage averaged 2.84 percent. ?Mortgage rates jumped this week as a result of positive news about a COVID-19 vaccine,? said Sam Khater, Freddie Mac?s Chief Economist.
Greystone, a leading private national commercial real estate finance company, has provided a $58,653,000 Freddie Mac loan to refinance a 306-unit multifamily property in Naples, Florida.
NEW YORK, Nov. 10, 2020 ?The Federal Home Loan Bank of New York announced today the results of the 2020 election for five positions on the FHLBNY's Board of Directors whose terms will each commence on January 1, 2021.
Kroll Bond Rating Agency assigns a preliminary rating of ?BBB-? to the Series 2020-FHT1 Term Notes from NRZ MSR-COLLATERALIZED NOTES, New Residential Mortgage LLC and NRZ FHT Excess LLC?s issuance pursuant to a Master Credit Agreement backed by mortgage servicing rights and Aggregate Excess Spread, as applicable, pledged by the issuers to the Collateral Agent in support of the issuers? payment ...
Federal Home Loan Mortgage Corp: * FREDDIE MAC PRICES $767 MILLION MULTIFAMILY K-DEAL, K-1518. * FREDDIE MAC (FMCC) - EXPECTS TO ISSUE APPROXIMATELY $767 MILLION IN K CERTIFICATES, WHICH ARE EXPECTED TO SETTLE ON OR ABOUT NOVEMBER 17, 2020 Source text for Eikon: Further company coverage:
Freddie Mac (FMCC) recently priced a new offering of Structured Pass-Through Certificates, which are multifamily mortgage-backed securities. K-1518 Pricing Details Related Links The K-1518 Certificates are backed by corresponding classes issued by the FREMF 2020-K1518 Mortgage Trust and guaranteed by Freddie Mac.
Kroll Bond Rating Agency is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2020-K740 mortgage pass-through certificates and three classes of Freddie Mac structured pass-through certificates, Series K-740. The underlying transaction is collateralized by 44 fixed-rate multifamily mortgage loans.
WASHINGTON, Nov. 9, 2020 ?The Fannie Mae Home Purchase Sentiment Index? ticked up 0.7 points in October to 81.7, rising for the third consecutive month. "In October, home purchase sentiment and personal finance sentiment diverged to produce only a slight increase in the HPSI," said Doug Duncan, Senior Vice President and Chief Economist.
?. Sallie Mae?s Chief Executive Officer Jon Witter offered the following statement regarding the results of the 2020 Presidential Election: ?We?ve watched our electoral process play out over the last few days, the voters have spoken, and we now know that Delaware?s own Joe Biden will be the 46th President of the United States, and Senator Kamala Harris will make history as our next vice president.
AG Mortgage Investment Trust, Inc. (MITT) today reported financial results for the quarter-ended September 30, 2020. THIRD QUARTER 2020 FINANCIAL SNAPSHOT As of September 30, 2020, total financing of $718.8 million includes financing arrangements of $349.5 million, a secured loan from the Manager of $10.3 million and securitized debt of $359.0 million.
Freddie Mac (FMCC) today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 2.78 percent, the lowest rate in our survey?s history which dates back to 1971. ?Mortgage rates hit another record low, the twelfth time this year, due to economic and political ambiguity,? said Sam Khater, Freddie Mac?s Chief Economist.
Federal National Mortgage Association : * FANNIE MAE NAMES SHEILA C. BAIR AS NEW CHAIR OF THE BOARD OF DIRECTORS. * FANNIE MAE (FNMA) - SHEILA C. BAIR WILL SUCCEED JONATHAN PLUTZIK AS CHAIR OF FANNIE MAE'S BOARD OF DIRECTORS. * FANNIE MAE (FNMA) - PLUTZIK WILL REMAIN ON BOARD OF DIRECTORS Source text for Eikon: Further company coverage:
WASHINGTON, Nov. 4, 2020 ?Fannie Mae (FNMA) today announced that Sheila C. Bair will succeed Jonathan Plutzik as Chair of Fannie Mae's Board of Directors, effective November 20, 2020. The Board unanimously passed a resolution appointing her Chair on October 28, 2020. Plutzik will remain on the Board of Directors.
Strong Performance From Agency Plus MSR Strategy Two Harbors Investment Corp. (TWO/PA), a mortgage real estate investment trust that pairs investments in Agency mortgage servicing rights with Agency residential mortgage-backed securities, today announced its financial results for the quarter ended September 30, 2020.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
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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