News Results

  1. KBRA Releases Monthly CMBS Trend Watch
    Business Wire | 03:19 PM EST

    KBRA releases the November 2022 issue of CMBS Trend Watch. U.S. CMBS private label issuance continues to be adversely affected by rising interest rates and a challenging economic landscape. In November, KBRA published pre-sales for seven deals including three conduit, two single-family rental, one Freddie Mac K-Series, and one commercial real estate collateralized loan obligation transaction.

  2. Mortgage Rates Continue to Decrease
    GlobeNewswire | 12/01/22 12:15 PM EST

    Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.49 percent. ?Mortgage rates continued to drop this week as optimism grows around the prospect that the Federal Reserve will slow its pace of rate hikes,? said Sam Khater, Freddie Mac?s Chief Economist.

  3. NexPoint Residential Trust, Inc. Completes Refinancings of 18-Properties With 1 Additional Refinancing Expected to Close on December 1st; "De-risks" the Balance Sheet through Improved Cost of Capital/Extends Weighted Average Maturity to 6.3 years
    PR Newswire | 12/01/22 08:30 AM EST

    DALLAS, Dec. 1, 2022 NexPoint Residential Trust, Inc. (NXRT) announced today the closing of 18-property mortgage refinancings through KeyBank Real Estate Capital and The Federal Home Loan Mortgage Corporation. Holistically, these refinancings are expected to reduce NXRT's weighted average interest rate on total debt by 12 bps to 5.35%, before the impact of interest rate swap contracts.

  4. Federal Home Loan Bank of Indianapolis?Board of Directors elects Chair, Vice Chair
    GlobeNewswire | 11/30/22 05:03 PM EST

    The Federal Home Loan Bank of Indianapolis Board of Directors has elected Karen F. Gregerson as Chair of the Board and Robert M. Fisher as Vice Chair of the Board, each for a two-year term beginning Jan. 1, 2023, and ending Dec. 31, 2024. Since 2016, Karen Gregerson has been President and CEO of The Farmers Bank in Frankfort, Ind.

  5. BRIEF-Fannie Mae's Guaranty Book Of Business Increased At A Compound Annualized Rate Of 1.2% In October
    Reuters | 11/30/22 04:33 PM EST

    Federal National Mortgage Association (FNMA) : * FANNIE MAE'S GUARANTY BOOK OF BUSINESS INCREASED AT A COMPOUND ANNUALIZED RATE OF 1.2% IN OCTOBER. * CONVENTIONAL SINGLE-FAMILY SERIOUS DELINQUENCY RATE DECREASED 2 BASIS POINTS TO 0.67% IN OCTOBER. * MULTIFAMILY SERIOUS DELINQUENCY RATE INCREASED 1 BASIS POINT TO 0.27% IN OCTOBER.

  6. Fannie Mae Releases October 2022 Monthly Summary
    PR Newswire | 11/30/22 04:05 PM EST

    WASHINGTON, Nov. 30, 2022 Fannie Mae's October 2022 Monthly Summary is now available. Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America. Fannie Mae Newsroomhttps://www.fanniemae.com/newsroom.

  7. US Government To Support Mortgages Over $1 Million For First Time As Home Prices Ebb At Record Highs
    | 11/30/22 02:23 PM EST

    The baseline conforming loan ceiling for mortgages sponsored by Fannie Mae and Freddie Mac in 2023 will be $726,200, up 12.21%, or $79,000, from 2022, according to a report issued Tuesday by the Federal Housing Finance Agency.What Happened: The federal government will support mortgage loans over $1 million through GSEs for the first time ever.

  8. US Government To Backstop Mortgages Over $1 Million For First Time As Home Prices Ebb At Record Highs
    | 11/30/22 01:15 PM EST

    The baseline conforming loan ceiling for mortgages sponsored by Fannie Mae and Freddie Mac in 2023 will be $726,200, up 12.21%, or $79,000, from 2022, according to a report issued Tuesday by the Federal Housing Finance Agency.What Happened: The federal government will support mortgage loans over $1 million through GSEs for the first time ever.

  9. DWS?s RREEF Property Trust Closes on $30.9 Million Real Estate Credit Investment in Multifamily Sector
    Business Wire | 11/30/22 01:09 PM EST

    RREEF Property Trust, Inc., a publicly registered, daily NAV REIT that is advised by DWS through an affiliate, has acquired a 100 percent interest in the Class D Certificate and the related interest-only securities of a fixed rate Freddie Mac Multifamily CMBS Securitization known as FREMF 2021-K150 for a total investment of approximately $30.9 million.

  10. Bank of Charles Town Receives 2022 FHLBank Pittsburgh Diversity, Equity and Inclusion Membership Award; Group Tours Facility of Banking On Diversity Funding Recipient
    Business Wire | 11/30/22 12:36 PM EST

    Today, the Federal Home Loan Bank of Pittsburgh announced that Bank of Charles Town received the inaugural 2022 FHLBank Diversity, Equity and Inclusion Membership Award for their Banking On Diversity program. This press release features multimedia.

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.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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