Sallie Mae Helps Students and Families Evaluate Offers to Make an Informed Decision About Paying for College This spring, students and families will start receiving financial aid offers from colleges and universities. Financial aid offers come in all shapes and sizes, with different formats and terminology, and students might be left questioning which offer is best for them.
Orchid Island Capital, Inc. (ORC) announced today that it priced an underwritten public offering of 8,000,000 shares of its common stock for gross proceeds of approximately $44.4 million. The Company intends to use the net proceeds of this offering to invest in a targeted mix of Agency RMBS and for general corporate purposes.
Federal National Mortgage Association : * FANNIE MAE APPOINTS TWO NEW MEMBERS TO BOARD OF DIRECTORS. * FANNIE MAE (FNMA) - SIMON JOHNSON AND CHRISTOPHER J. BRUMMER APPOINTED TO BOARD. * FANNIE MAE (FNMA) - BOARD TERM LIMIT FOR ROBERT H. HERZ WAS EXTENDED FOR THREE YEARS Source text for Eikon: Further company coverage:
Orchid Island Capital, Inc. (ORC) announced today that it plans to make a public offering of 8,000,000 shares of its common stock. The Company intends to use the net proceeds of this offering to invest in a targeted mix of Agency RMBS and for general corporate purposes.
WASHINGTON, March 2, 2021 Fannie Mae (FNMA) has appointed Simon Johnson and Christopher J. Brummer to its Board of Directors. "We're pleased to welcome both Simon and Christopher to Fannie Mae's Board of Directors," said Sheila C. Bair, Chairwoman of the Board, Fannie Mae.
Greystone, a leading national commercial real estate finance company, announced that David E. Friedman has joined as a Senior Managing Director and Head of Institutional Lending to lead a strategic build-out and take-to-market execution of the firm?s new institutional lending platform.
NEW YORK, March 2, 2021 ?StoneX Group Inc. (SNEX) today announced that it has purchased a minority stake in Tigress Financial Partners. Cynthia DiBartolo, Esq. Alexandra Selby, Managing Director and Head of Agency Debt Sales for StoneX Financial Inc. commented on the news, "It's a privilege to partner with such a proven leader in the Minority & Woman-Owned Brokerage space.
Sallie Mae, formally SLM Corporation (SLM), today announced its 2021 annual meeting of stockholders will take place on June 8, 2021, at 1 p.m. ET. Sallie Mae believes education and life-long learning, in all forms, help people achieve great things. Category: Corporate and Financial. View source version on businesswire.com: https://www.businesswire.com/news/home/20210301005793/en/ Source: Sallie Mae.
Greystone, a leading national commercial real estate finance company, announced that David Goodwin has joined as a Managing Director in the firm?s Portfolio Lending Group. Mr. Goodwin joins Greystone from Wells Fargo, and prior to that, served as a Managing Director at Soci?t? G?n?rale as a founding member of its CMBS program.
The Federal Home Loan Bank of San Francisco announced February 26, 2021, that the 11th District Monthly Weighted Average Cost of Funds Index for January 2021 is 0.457%. The index for December 2020 was 0.460%. As previously announced, the Bank will no longer calculate the COFI after the publication of the December 2021 index on January 31, 2022, because of the significant decline in the number o...
WASHINGTON, Feb. 26, 2021 Fannie Mae's January 2021 Monthly Summary is now available. About Fannie MaeFannie Mae (FNMA) helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of people in America. Fannie Mae Newsroomhttps://www.fanniemae.com/news.
Federal Home Loan Mortgage Corp : * FREDDIE MAC (FMCC) - TOTAL MORTGAGE PORTFOLIO INCREASED AT AN ANNUALIZED RATE OF 16.1% IN JANUARY. * FREDDIE MAC (FMCC) - FREDDIE MAC MORTGAGE-RELATED SECURITIES AND OTHER MORTGAGE-RELATED GUARANTEES INCREASED AT AN ANNUALIZED RATE OF 17.8% IN JANUARY. * FREDDIE MAC (FMCC) - SINGLE-FAMILY DELINQUENCY RATE DECREASED FROM 2.64% IN DECEMBER TO 2.56% IN JANUARY.
Sallie Mae?, formally SLM Corporation (SLM), announced today it is amending its previously announced tender offer to purchase up to $1 billion in aggregate purchase price of its outstanding shares of common stock, par value $0.20 per share.
Freddie Mac (FMCC) today posted to its website its Monthly Volume Summary for January 2021, which provides information on Freddie Mac?s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities, and other investments. Freddie Mac (FMCC) makes home possible for millions of families and individuals by providing mortgage capital to lenders.
NEW YORK, Feb. 25, 2021 ?Lument has announced the closing of a $41.5 million Freddie Mac loan to refinance Hillcrest Country Estates Grand Lodge, an upscale senior living community in Papillion, Nebraska.
Freddie Mac (FMCC) today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 2.97 percent. ?Optimism continues as the economy slowly regains its footing, thus affecting mortgage rates,? said Sam Khater, Freddie Mac?s Chief Economist.
One-touch, GSE-accepted verification of assets, income and employment reduces loan process by up to 12 days Finicity, a Mastercard company and leading provider of open banking solutions, today announced its one-touch Mortgage Verification Service, enabling lenders to provide the simple, easy experience that today?s consumers and lenders are looking for in mortgage origination.
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-741 Pricing Details Related Links The K-741 Certificates are backed by corresponding classes issued by the FREMF 2021-K741 Mortgage Trust and guaranteed by Freddie Mac.
Federal National Mortgage Association : * FANNIE MAE (FNMA) - FORGOES ISSUING BENCHMARK NOTES ON FEBRUARY 24, 2021 ANNOUNCEMENT DATE. * FANNIE MAE (FNMA) - WILL NOT UTILIZE ITS FEBRUARY 24, 2021 BENCHMARK NOTES ANNOUNCEMENT DATE THIS MONTH 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.
eNotes transaction signals transformative industry turn toward digitization Wolters Kluwer Compliance Solutions? newly acquired eOriginal technology platform is helping support a major U.S. government institution?s efforts to adopt digital technologies as part of its broader modernization initiative.
Single-click submission of loan data to both GSEs? automated underwriting systems reduces time, saves costs and improves borrower experience Lodasoft, a Digital Workflow Platform designed by mortgage veterans to revolutionize loan origination and task automation, today announced it is now offering single-click submissions of loan data to both Freddie Mac and Fannie Mae?s automated underwriting ...
Federal Home Loan Bank of Atlanta today released preliminary unaudited financial highlights for the quarter and year ended December?31, 2020. Net income for the fourth quarter of 2020 was $35 million, a decrease of $62 million, compared to net income of $97 million for the fourth quarter of 2019.
The Federal Home Loan Bank of Dallas today reported net income of $32.5 million for the quarter ended December 31, 2020. Total assets at December 31, 2020 were $64.9 billion, compared with $66.3 billion at September 30, 2020 and $75.4 billion at December 31, 2019.
NEW YORK, Feb. 23, 2021 ?The Federal Home Loan Bank of New York today released its unaudited financial highlights for the quarter and year ended December 31, 2020.
SAN DIEGO, Feb. 23, 2021 ?Synergy One Lending, home of The Modern Mortgage Experience?, in their latest webinar series, THE SHIFT, presents "Winning Big with FinTech" on March 3rd at 11am PST with Henry Cason, one of the foremost authorities on the digital mortgage landscape, former head of digital strategy at Fannie Mae and the Creator of Fannie Mae's Day 1 Certainty Program.
Today FHLBank San Francisco announced that its board of directors has named Teresa Bryce Bazemore as the Bank?s President and Chief Executive Officer, effective March 15, 2021. ?We are extremely proud and pleased to have Teresa?s leadership at the Federal Home Loan Bank of San Francisco,? said Dan Siciliano, Chairman of the Bank?s board of directors.
Yesterday the Board of Directors of the Federal Home Loan Bank of Indianapolis declared its fourth quarter 2020 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 3.00% and 1.75%, respectively. The dividends will be paid in cash on February?24, 2021.
CINCINNATI, Feb. 23, 2021 The Federal Home Loan Bank of Cincinnati today released unaudited financial results for the year ended December?31, 2020. Operating Results Balance Sheet Highlights Dividend Housing and Community Investment Global Pandemic Update The FHLB expects to file its 2020 Form 10-K with the Securities and Exchange Commission on or about March?18, 2021.
Federal Home Loan Bank of Atlanta announced today that the application process for its 2021 Affordable Housing Program General Fund round will open on April 9, 2021. The AHP General Fund, previously referred to as AHP Competitive, is one of the largest sources of private funding available for affordable housing in our country.
Freddie Mac?s Single-Family business today announced that its Credit Risk Transfer program transferred credit risk via $4.8 billion of issuance on $167.2 billion of single-family mortgages from U.S. taxpayers to the private sector in the fourth quarter 2020.
The Federal Home Loan Bank of Pittsburgh announced today unaudited financial results for full year and fourth quarter of 2020. ?In 2020, the Bank dedicated itself to two priorities: 1) the health and safety of our team, and 2) commitment to our membership during an unprecedented year,? said Winthrop Watson, President and Chief Executive Officer.
Southern Bancorp Bank and FHLB Dallas Funds Will Renovate 17 Apartment Units. Southern Bancorp Bank and the Federal Home Loan Bank of Dallas have awarded a $170,000 Affordable Housing Program subsidy to Boys, Girls, Adult Community Development Center to rehabilitate 17 apartment units. This press release features multimedia.
AHP Subsidy from Extraco Banks and FHLB Dallas Promotes Housing Preservation. Extraco Banks and the Federal Home Loan Bank of Dallas have awarded a $200,000 Affordable Housing Program subsidy to Fort Hood Area Habitat for Humanity for critical home repairs and renovations.
BOSTON, Feb. 19, 2021 The Federal Home Loan Bank of Boston announced its preliminary, unaudited fourth quarter and annual financial results for 2020, reporting net income of $22.2 million for the quarter and $120.3 million for the year.
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-125 Pricing Details Related Links The K-125 Certificates are backed by corresponding classes issued by the FREMF 2021-K125 Mortgage Trust and guaranteed by Freddie Mac.
NEW YORK, Feb. 18, 2021 ?The Federal Home Loan Bank of New York is pleased to announce that, on February 18, 2021, its Board of Directors approved a dividend for the fourth quarter of 2020 of 5.00 percent.
Freddie Mac (FMCC) today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 2.81 percent. ?Reaching its highest point since mid-November, the 30-year fixed-rate mortgage averaged 2.81 percent this week,? said Sam Khater, Freddie Mac?s Chief Economist.
CHICAGO, Feb. 18, 2021 The Appraisal Institute in collaboration with Fannie Mae and the National Urban League today announced the first class of 2021 aspiring real estate appraisers receiving scholarships through the Appraiser Diversity Initiative. Rodman Schley, MAI, SRA.
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-J33 Pricing Related Links The K-J33 Certificates are backed by corresponding classes issued by the FREMF 2021-KJ33 Mortgage Trust and guaranteed by Freddie Mac.
Greystone, a leading national commercial real estate finance company, has provided a total of $68 million in Fannie Mae financing to acquire a 595-unit multifamily property in Prince Georges County, Maryland.
WASHINGTON, Feb. 18, 2021 ?The U.S. economy is expected to grow 6.7 percent in 2021, an improvement not only from last year's 2.5 percent contraction but up, too, compared to last month's forecast of 5.3 percent, according to the February 2021 commentary from the Fannie Mae Economic and Strategic Research Group.
MT. PLEASANT, Mich. The elimination of $100 million of Federal Home Loan Bank debt, resulting in a one-time noninterest expense of $7.6 million, will lower future annual interest expenses by $2.8 million. The move was one of two essential actions the Corporation took in the fourth quarter as part of a five-year strategic plan to improve financial performance metrics of its core businesses.
Freddie Mac (FMCC) announced today the nine winners of its 2020 Servicer Honors and Rewards ProgramSM, which annually recognizes mortgage loan Servicers for superior servicing portfolio performance.
Greystone, a leading national commercial real estate finance firm, has provided a $33,136,000 Freddie Mac affordable housing loan for the acquisition of three multifamily properties totaling 170 units in Arizona.
Coronavirus Pandemic The effects of COVID-19 and the response to the virus continue to impact financial markets and overall economic conditions. For additional information on the impacts of COVID-19 on the Bank, please see the 2020 Form 10-K, expected to be filed with the Securities and Exchange Commission on or before March 31, 2021.
LEHI, Utah, Feb. 16, 2021 ?SimpleNexus, developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, today announced it has finalized the 2021 SimpleNexus User Group conference agenda with the addition of new speakers and the inaugural Nexus Awards presentation ceremony.
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.