The Sallie Mae Fund, in Partnership with Thurgood Marshall College Fund, to Provide up to $650,000 in Scholarships for AY2022-23 Scholarships Designed to Remove Financial Obstacles to College Completion for Students From Historically Underserved Communities NEWARK, Del. This press release features multimedia.
Greystone, a leading national commercial real estate finance company, has provided $20,661,000 in Fannie Mae Delegated Underwriting Services financing for two multifamily properties in Rexburg, Idaho. The 264-unit multifamily portfolio properties are located a half mile apart and serve a student population of BYU-Idaho and residents of Rexburg with a mix of one- and two-bedroom units.
WASHINGTON, July 1, 2022 Fannie Mae today announced the results of its fixed-price cash tender offers for any and all of certain Connecticut Avenue Securities? Debt Notes listed in the table below upon the terms and subject to the conditions set forth in the Offer to Purchase and related Notice of Guaranteed Delivery, each dated as of June 24, 2022.
Lenders using FormFree's AccountChek with LPA will immediately benefit from this enhancement once it is announced in the July publication of the Freddie Mac Single-Family Seller/Service Guide.
Federal National Mortgage Association (FNMA) : * FANNIE MAE - CONVENTIONAL SINGLE-FAMILY SERIOUS DELINQUENCY RATE DECREASED 7 BASIS POINTS TO 0.87% IN MAY. * FANNIE MAE - MULTIFAMILY SERIOUS DELINQUENCY RATE REMAINED FLAT AT 0.35% IN MAY. * FANNIE MAE - IN MAY 2022, FANNIE MAE ISSUED RESECURITIZATIONS THAT WERE BACKED BY $10.1 BILLION IN FREDDIE MAC SECURITIES.
WASHINGTON, June 30, 2022 Fannie Mae's ?May 2022 Monthly Summary is now available. About Fannie MaeFannie 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.
Freddie Mac today released the results of its Primary Mortgage Market Survey, showing that the 30-year fixed-rate mortgage averaged 5.70 percent. ?The rapid rise in mortgage rates has finally paused, largely due to the countervailing forces of high inflation and the increasing possibility of an economic recession,? said Sam Khater, Freddie Mac?s Chief Economist.
CHICAGO, June 29, 2022 ?The Federal Home Loan Bank of Chicago and the Government National Mortgage Association announced today that total issuance under the Mortgage Partnership Finance? Program recently surpassed $3 billion in mortgage-backed securities. Ginnie Mae developed the first mortgage-backed security in 1970, by pooling loans into a security sold in the secondary market.
Freddie Mac??announced that it will increase homeownership opportunities for first-time homebuyers by considering on-time rent payments as part of the company?s loan purchase decisions. ?This extremely important initiative will help many renters move closer to achieving the dream of homeownership,? said Michael DeVito, CEO of Freddie Mac.
PHH Mortgage, a subsidiary of Ocwen Financial Corporation (OCN) and a leading non-bank mortgage servicer and originator, announced today that it has entered into an agreement with Federal Home Loan Bank of Indianapolis to purchase mortgage servicing rights through its Mortgage Purchase Program.
WASHINGTON, June 28, 2022 Fannie Mae priced Connecticut Avenue Securities? Series 2022-R07, an approximately $866 million note offering that represents Fannie Mae's seventh CAS REMIC? transaction of the year. The reference pool for CAS Series 2022-R07 consists of approximately 101,000 single-family mortgage loans with an outstanding unpaid principal balance of approximately $30.6 billion.
Freddie Mac today posted to its website its Monthly Volume Summary for May 2022, which provides information on Freddie Mac?s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities, and other investments. Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.
BOULDER, Colo. Mr. Sotolongo joined Fathym's board after helping the company establish a relationship with senior management at Goldman Sachs. Mr. Sotolongo is currently the CEO of Student Funding Group, a partner with Sallie Mae and a provider of private student loans. Apart from his work at Goldman Sachs, Mr. Sotolongo has arranged close to a billion dollars in financings.
Federal National Mortgage Association (FNMA) : * FANNIE MAE ANNOUNCES TENDER OFFER FOR ANY AND ALL OF CERTAIN CAS DEBT NOTES. * FANNIE MAE - TENDER OFFERS WILL EXPIRE AT 5:00 PM NEW YORK CITY TIME ON JUNE 30, 2022 UNLESS EXTENDED OR EARLIER TERMINATED Source text for Eikon: Further company coverage:
WASHINGTON, June 24, 2022 Fannie Mae today announced that it has commenced fixed-price cash tender offers for the purchase of any and all of the Connecticut Avenue Securities? Debt Notes listed below, upon the terms and subject to the conditions set forth in the Offer to Purchase and related Notice of Guaranteed Delivery, each dated as of June 24, 2022.
KBRA assigns preliminary ratings to 65 classes from Connecticut Avenue Securities, Series 2022-R07, a credit risk sharing transaction with a total note offering of $$866,110,000. The Reference Pool consists of 101,170 residential mortgage loans with an outstanding principal balance of approximately $30.6 billion as of the cut-off date.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 5.81 percent. ?Fixed mortgage rates have increased by more than two full percentage points since the beginning of the year,? said Sam Khater, Freddie Mac?s Chief Economist.
CHICAGO, June 22, 2022 CME Group,?the world's leading derivatives marketplace, today announced it will expand its suite of long-term interest rate products to offer the first-ever 30-Year Uniform Mortgage-Backed Securities TBA futures contracts on October 3, pending regulatory review.
KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2022-K146 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-146. The underlying transaction is collateralized by 43 fixed-rate multifamily mortgage loans. Click here to view the report.
The Freddie Mac Multifamily?Apartment Investment Market Index?? fell by 5.3% in the first quarter of 2022, with the index down 6.1% compared to the first quarter of 2021.
Mortgage rates surged to over five percent in May and home prices continued their upward climb across the Empire State,?according to the housing report released today by the New York State Association of REALTORS?.? According to Freddie Mac, the monthly average on a 30-year fixed-rate mortgage soared from 4.98 percent in April 2022 to 5.23 percent in May 2022.
$100K Small Business Boost Loan Filled Financing Gap for McKinney Restaurant. A Small Business Boost loan from Lamar National Bank and the Federal Home Loan Bank of Dallas helped fund the opening of the first Capriotti?s sandwich shop in McKinney, Texas. This press release features multimedia.
KBRA affirms all of its outstanding ratings for FREMF 2019-K94, a $1.3 billion CMBS multi-borrower transaction. As of the May 2022 remittance period, there are no delinquent, specially serviced, or loans which have been identified as K-LOCs; however, seven loans appear on the master servicer?s watchlist.
U.S. housing finance giant Freddie Mac said on Thursday the average contract rate on a 30-year fixed-rate mortgage rose by more than half a percentage point to 5.78%, the greatest one-week jump in 35 years.
U.S. housing finance giant Freddie Mac said on Thursday the average contract rate on a 30-year fixed-rate mortgage rose by more than half a percentage point to 5.78%, the greatest one-week jump in 35 years.
Freddie Mac today announced the final tender results of its previously announced ?fixed-price cash tender offer for the purchase of any and all of the STACR?? notes listed below. The Company has conducted the Offer in accordance with the conditions set forth in the Offer to Purchase dated June 7, 2022 and related Notice of Guaranteed Delivery dated June 7, 2022.
Freddie Mac today released the results of its Primary Mortgage Market Survey, showing that the 30-year fixed-rate mortgage averaged 5.78 percent. ?Mortgage rates surged as the 30-year fixed-rate mortgage moved up more than half a percentage point, marking the largest one-week increase in our survey since 1987,? said Sam Khater, Freddie Mac?s Chief Economist.
?Hiring of former Freddie Mac tech expert creates 'most talented technology team' in commercial real estate industry, says CEO? HOWELL, N.J., June 16, 2022 /PRNewswire/ --?GPARENCY, the nation's premier commission-free commercial mortgage brokerage, announced that Evguenia Yerukhimovich has joined the company as product manager to oversee the discovery, design and solution exploration for GPARE...
?How America Completes College? Shows Change in Focus, Motivation, or Life Change, Financial Concerns, and Mental Health Challenges Are Top Reasons Students Leave College Before Graduating Students who attended college but did not complete are more likely to be first-generation college students, those from diverse backgrounds, and from lower-income households, according to ?How America Complete...
Greystone, a leading national commercial real estate finance company, has provided a $21,464,000 Fannie Mae Delegated Underwriting and Servicing loan to refinance a 144-unit multifamily community in Herndon, Virginia. Developed in 1964 and rehabbed in 1989, Parkridge Gardens Apartments comprises 78 one-bedroom, 54 two-bedroom, and 12 three-bedroom townhome units on 6.80 acres.
Freddie Mac today announced the preliminary tender results of its previously announced fixed-price cash tender offer for the purchase of any and all of the STACR?? notes listed below. The Company has conducted the Offer in accordance with the conditions set forth in the Offer to Purchase dated June 7, 2022 and related Notice of Guaranteed Delivery dated June 7, 2022.
The RALI Will Provide Near Real-Time Insights into Refinance and Prepayment Trends WASHINGTON, June 14, 2022 /PRNewswire/ -- Fannie Mae?announced today the launch of its Refinance Application-Level Index, a weekly series designed to provide the market timely and comprehensive tracking of refinance activity and historical trends.
Company was recognized for volume of mortgages originated for low-income borrowers Union Home Mortgage, a high-growth independent mortgage banking company with a world-class culture, announced today that Freddie Mac has named the company a 2022 Home Possible RISE Awards winner in the category of Greatest Volume.
WASHINGTON, June 14, 2022 Fannie Mae today announced the results of its nineteenth non-performing loan sale transaction. The loan pools awarded in this most recent transaction include: The cover bids, which are the second highest bids per pool, were 94.59% of UPB for Pool 1 and 101.59% of UPB for Pool 2. Bids are due on Fannie Mae's nineteenth Community Impact Pool on June 21, 2022.
Recognition allows mortgage lenders to validate borrower income and employment information instantly through Experian Verify with Day 1 Certainty from Fannie Mae Experian (EXPGF) ? today announced it is now an authorized report supplier of income and employment verification through Fannie Mae?s Desktop Underwriter ? validation service.
Federal National Mortgage Association (FNMA) : * FANNIE MAE EXECUTES CREDIT INSURANCE RISK TRANSFER TRANSACTION ON $19 BILLION OF SINGLE-FAMILY LOANS Source text for Eikon: Further company coverage:
WASHINGTON, June 13, 2022 Fannie Mae announced today that it has executed its sixth Credit Insurance Risk Transfer? transaction of 2022. "We appreciate our continued partnership with the 24 insurers and reinsurers that have committed to write coverage for this deal," said Rob Schaefer, Fannie Mae Vice President for Capital Markets.
Federal Home Loan Mortgage Corp (FMCC) : * FREDDIE MAC - 30-YEAR FIXED-RATE MORTGAGE AVERAGED 5.23 PERCENT. * FREDDIE MAC - HOUSING MARKET IS INCREDIBLY RATE-SENSITIVE, SO AS MORTGAGE RATES INCREASE SUDDENLY, DEMAND AGAIN IS PULLING BACK Source text for Eikon: Further company coverage:
WASHINGTON, June 9, 2022 Fannie Mae today began marketing its twenty-sixth sale of reperforming loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio. The sale consists of approximately 9,980 loans, having an unpaid principal balance of approximately $1.57 billion, and is available for purchase by qualified bidders.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 5.23 percent. ?After little movement the last few weeks, mortgage rates rose again on the back of increased economic activity and incoming inflation data,? said Sam Khater, Freddie Mac?s Chief Economist.
Fannie Mae's Equitable Housing Finance Plan Outlines Specific Actions Fannie Mae Will Take to Knock Down Barriers and Provide Access to Affordable Housing WASHINGTON, June 8, 2022 /PRNewswire/ -- Fannie Mae?today released a three-year Equitable Housing Finance Plan that outlines actions the company will take to knock down barriers faced by Black renters and homeowners throughout their housing ...
Freddie Mac today announced the company?s first Equitable Housing Finance Plan designed to promote equity and increase sustainable homeownership and rental opportunities for traditionally underserved Black and Latino communities across the nation.
Greystone, a leading national commercial real estate finance company, announced Rich Martinez will join the firm as an Executive Managing Director, Multifamily Sales & Production in mid-June. Prior to joining Greystone, Mr. Martinez served as Senior Vice President of Production & Sales at Freddie Mac, where he worked for over 34 years in various roles.
Modern, open and fully configurable LOS allows lenders to access end-to-end automation and process optimization through integration with Loan Product Advisor.
The Federal Home Loan Bank of San Francisco is making $11.1 million available to fund its WISH homeownership matching grant program. To expand access to quality affordable and sustainable housing, WISH offers downpayment and closing cost assistance to help families overcome the most significant barriers to homeownership and build wealth.
WASHINGTON, June 7, 2022 Fannie Mae?priced Connecticut Avenue Securities? Series 2022-R06, an approximately $754 million note offering that represents Fannie Mae's sixth CAS REMIC? transaction of the year. The reference pool for CAS Series 2022-R06 consists of approximately 83,000 single-family mortgage loans with an outstanding unpaid principal balance of approximately $25.0 billion.
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 below beginning Tuesday, June 7, 2022. Freddie Mac has engaged BofA Securities, Inc. and Citigroup Global Markets Inc. as lead dealer managers and CastleOak Securities, L.P. as co-dealer manager for the offer.
Only 17% of Consumers Report It's a 'Good Time to Buy' a Home WASHINGTON, June 7, 2022 The Fannie Mae?Home Purchase Sentiment Index? remained relatively flat in May, decreasing by only 0.3 points but inching nearer its 10-year- and pandemic-low of 63.0 from April 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.
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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