WASHINGTON, Sept. 30, 2022 Fannie Mae's??August 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.
NBT Financial, Ciera Bank and FHLB Dallas Provide Funds NBT Financial, Ciera Bank and the Federal Home Loan Bank of Dallas awarded $12,000 in Partnership Grant Program matching-grant funding to Nature?s Open Door Outreach Services, a southeast Fort Worth, Texas, nonprofit that primarily serves the Kennedale and Lillian, Texas, communities. This press release features multimedia.
?FHLB Dallas? Partnership Grant Program Provides 3:1 Match of Members? Contributions BankPlus and the Federal Home Loan Bank of Dallas have awarded $38,315 in Partnership Grant Program matching-grant funding to five nonprofits in Mississippi. This press release features multimedia.
Housing Education Nonprofit Awarded Partnership Grant Program Funds Housing Education and Economic Development received $36,500 in Partnership Grant Program funds from the Federal Home Loan Bank of Dallas, BankPlus, Cadence Bank, Community Bank of Mississippi, Origin Bank and Trustmark National Bank. This press release features multimedia.
- U.S. mortgage lender Fannie Mae on Thursday named Priscilla Almodovar, a former managing director at JPMorgan Chase & Co, as its chief executive officer effective Dec. 5. Almodovar will replace interim CEO David Benson, who took over the top job in May after former chief Hugh Frater retired.
U.S. mortgage lender Fannie Mae on Thursday named Priscilla Almodovar, a former managing director at JPMorgan Chase & Co, as its chief executive officer effective Dec. 5. Almodovar will replace interim CEO David Benson, who took over the top job in May after former chief Hugh Frater retired.
Federal National Mortgage
Association (FNMA): * FANNIE MAE ANNOUNCES PRISCILLA ALMODOVAR AS CHIEF EXECUTIVE OFFICER. * FANNIE MAE - APPOINTED PRISCILLA ALMODOVAR AS CHIEF EXECUTIVE OFFICER AND MEMBER OF BOARD OF DIRECTORS, EFFECTIVE DECEMBER 5, 2022. * FANNIE MAE - ALMODOVAR WILL SUCCEED DAVID C. BENSON Source text for Eikon: Further company coverage:
Financial services veteran brings more than 30 years of finance, real estate, and community development expertise and a strong commitment to affordable housing WASHINGTON, Sept. 29, 2022 Fannie Mae today announced that it has appointed Priscilla Almodovar as Chief Executive Officer and member of the Board of Directors, effective December 5, 2022.
* NY FED'S STATEMENT REGARDING AGENCY MORTGAGE-BACKED SECURITIES SMALL VALUE EXERCISE. * NY FED- DESK INTENDS TO CONDUCT FOUR SMALL VALUE AGENCY MBS COUPON SWAP OPERATIONS ON OCTOBER 6, 2022. * NY FED-INTENDS TO SWAP OUT OF FOLLOWING UNSETTLED OCTOBER TBA POSITIONS FOR OTHER READILY AVAILABLE MBS: 30-YEAR UMBS 4.5 AND 4.0 PERCENT COUPONS, 15-YEAR UMBS 4.0 PERCENT COUPON.
Greystone, a leading national commercial real estate finance company, has provided a $22.6 million Fannie Mae Delegated Underwriting & Servicing loan to refinance a 262-unit multifamily property in Bryan, Texas. Constructed in 2011, 21 Gramercy Park in Brazos County is a garden-style apartment community consisting of 21 buildings with one-, two- and three-bedroom units.
Greystone, a leading national commercial real estate finance company, has provided a $13,928,000 Freddie Mac loan to refinance a 120-unit multifamily property in Newnan, Georgia. Constructed in 1990, Jefferson Point Apartments in Coweta County consists of 10 garden-style buildings with one-, two- and three-bedroom units.
MISSION, Kan. For example, most teens would like to own a home someday, according to a survey conducted by Wakefield Research on behalf of Junior Achievement USA and Fannie Mae. "There's been this theme that younger Americans aren't interested in homeownership, but the results of this survey contradict that assumption," said Jack E. Kosakowski, president and CEO of Junior Achievement USA.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 6.70 percent. ?The uncertainty and volatility in financial markets is heavily impacting mortgage rates,? said Sam Khater, Freddie Mac?s Chief Economist.
Rent Dynamics is excited to announce that RentPlus, powered by Rent Dynamics, will work with Fannie Mae to grow their program to help renters build credit by working with owners and managers to report on-time rental payments to the three major credit reporting bureaus.
WASHINGTON, Sept. 27, 2022 Fannie Mae is reminding homeowners and renters that have been or may be impacted by a natural disaster, including those affected by Hurricane Ian in Florida and other southeastern states, of available mortgage assistance and disaster relief options.
Esusu Financial Inc. today announced a new collaboration with Fannie Mae to help renters build credit by incorporating on-time rent payments into renter's credit scores as part of its strategy to advance equity in the housing market. Beginning today, Fannie Mae will cover the first full year of service fees for Esusu?s platform plus discounted fees thereafter for any borrower who enrolls.
Fannie Mae Takes Another Step to Bolster Equitable Access to Credit for More Consumers WASHINGTON, Sept. 27, 2022 ?Fannie Mae?today announced the launch of its Multifamily Positive Rent Payment Reporting?pilot program, aimed at helping renters build their credit history and?improve their credit score.
Federal Home Loan Mortgage Corp (FMCC) : * FREDDIE MAC - TOTAL MORTGAGE PORTFOLIO INCREASED AT AN ANNUALIZED RATE OF 7.2% IN AUGUST. * FREDDIE MAC - SINGLE-FAMILY REFINANCE-LOAN PURCHASE AND GUARANTEE VOLUME WAS $8.7 BILLION IN AUGUST. * FREDDIE MAC - SINGLE-FAMILY DELINQUENCY RATE DECREASED FROM 0.73% IN JULY TO 0.70% IN AUGUST Source text for Eikon: Further company coverage:
Freddie Mac today posted to its website its Monthly Volume Summary for August 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.
UMH Properties, Inc. (UMH) today announced that it recently completed the addition of two tranches to its Fannie Mae credit facility through Wells Fargo Bank, N.A., for total proceeds of approximately $34 million. Samuel A. Landy, President and Chief Executive Officer commented, "We are proud to announce our community and rental home additions to our Fannie Mae credit facility.
Company Hosted Delaware State University President Dr. Tony Allen to Discuss Significance and Support of HBCUs Sallie Mae?, through its charitable arm The Sallie Mae Fund, today announced it will be the title sponsor of the HBCU Week 2022 College Fair as part of HBCU Week taking place at Walt Disney World in Orlando, Fl. on Oct. 7. The College Fair is the cornerstone of HBCU Week?s program, ann...
Greystone, a leading national commercial real estate finance company, has provided a $25,251,000 Fannie Mae Delegated Underwriting & Servicing loan to refinance a 232-unit multifamily property in Covington, Georgia. Constructed in 1999, Leaf Stone Apartments in Newton County consists of 11 garden-style buildings with one-, two- and three-bedroom units.
KBRA assigns preliminary ratings to 24 classes from Freddie Mac Structured Agency Credit Risk REMIC 2022-DNA7 Notes, Freddie Mac STACR REMIC Trust 2022-DNA7, a credit risk sharing transaction with a total note offering of $616,000,000.
Freddie Mac today released the results of its Primary Mortgage Market Survey??, showing that the 30-year fixed-rate mortgage averaged 6.29 percent. ?The housing market continues to face headwinds as mortgage rates increase again this week, following the 10-year Treasury yield?s jump to its highest level since 2011,? said Sam Khater, Freddie Mac?s Chief Economist.
WASHINGTON, Sept. 22, 2022 Fannie Mae announced today that it has executed its ninth Credit Insurance Risk Transfer? transaction of 2022. "We appreciate our continued partnership with the 23 insurers and reinsurers that have committed to write coverage for this deal," said Rob Schaefer, Fannie Mae Vice President for Capital Markets.
WASHINGTON, Sept. 21, 2022 Fannie Mae is reminding homeowners and renters impacted by natural disasters, including those affected by Hurricane Fiona in Puerto Rico, of available mortgage assistance and disaster relief options.
Funds to be added to Affordable Housing Program grants that benefit affordable housing development in Kentucky, Ohio, Tennessee and beyond CINCINNATI, Sept. 21, 2022 /PRNewswire/ -- The Federal Home Loan Bank of Cincinnati's Board of Directors announced a $3 million contribution to benefit affordable housing initiatives.
Stewart Information Services Corporation (STC) today announced that Stewart Valuation Intelligence, LLC has been verified to support Freddie Mac?s new Property Data Report with VALIDITY Pro and its national panel of highly trained real estate brokers and agents. VALIDITY is the company?s family of inspection applications, optimized for mobile phones or tablets.
WASHINGTON, Sept. 21, 2022 Fannie Mae priced Connecticut Avenue Securities? Series 2022-R09, an approximately $591 million note offering that represents Fannie Mae's ninth CAS REMIC? transaction of the year. The reference pool for CAS Series 2022-R09 consists of approximately 96,000 single-family mortgage loans with an outstanding unpaid principal balance of approximately $29.3 billion.
Housing Expected to Cool Even Further as Mortgage Rates Move Higher WASHINGTON, Sept. 21, 2022 Economic growth is projected to resume in the second half of 2022, but the combination of high inflation, monetary policy tightening, and a slowing housing market is likely to tip the economy into a modest recession in the new year, according to the September 2022 commentary from the Fannie Mae Econom...
FHLB Dallas and Veritex Community Bank Provide Partnership Grant Program Funds Veritex Community Bank and the Federal Home Loan Bank of Dallas awarded $10,000 in Partnership Grant Program funding to Woman Inc., a Houston nonprofit that creates housing for women leaving abusive or high-risk situations. This press release features multimedia.
KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2022-K149 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-149. The underlying transaction is collateralized by 44 fixed-rate multifamily mortgage loans.
Moon brings nearly 30 years of risk management experience to role WASHINGTON, Sept. 15, 2022 Fannie Mae?today announced it has appointed Anthony Moon as Executive Vice President and Chief Risk Officer, effective fourth quarter 2022. Moon will be a member of Fannie Mae's Management Committee and report to David C. Benson, Fannie Mae's President and Interim Chief Executive Officer.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 6.02 percent. ?Mortgage rates continued to rise alongside hotter-than-expected inflation numbers this week, exceeding six percent for the first time since late 2008,? said Sam Khater, Freddie Mac?s Chief Economist.
Federal National Mortgage Association (FNMA): * FANNIE MAE PRICED $604 MILLION MULTIFAMILY DUS REMIC UNDER ITS GEMS PROGRAM Source text for Eikon: Further company coverage:
WASHINGTON, Sept. 14, 2022 Fannie Mae priced a $604 million Multifamily DUS? REMIC under its Fannie Mae Guaranteed Multifamily Structures program on September 8, 2022. FNA 2022-M13 marks the seventh Fannie Mae GeMS issuance of 2022.
Freddie Mac Multifamily today announced the creation of a Low-Income Housing Tax Credit Syndicator Fund with Berkadia, aiding the agency?s effort to invest up to $850 million in equity annually to create and preserve affordable housing across the country.
Douglas Duncan to share 2023 predictions and accept the Lawrence R. Klein Award at Oct. 12 event. TEMPE, Ariz. Duncan will deliver his 2023 economic outlook at a live event, Wednesday, Oct. 12 from 6 to 8 p.m. Eastern time at the University Club of New York.
***11:30 a.m. Wednesday, September 14, 1800 Martha Street, Shreveport, LA 71101*** Representatives from Cadence Bank, Hancock Whitney, Origin Bank and Red River Bank will join with the Federal Home Loan Bank of Dallas to award $34,200 in Partnership Grant Program funds to The Fuller Center for Housing of Northwest Louisiana during a ceremonial check presentation Wednesday.
Ocwen Financial Corporation (OCN), a leading non-bank mortgage servicer and originator, issued the following statement in response to the minimum financial eligibility requirements for enterprise seller/servicers and Ginnie Mae issuers announced by the Federal Housing Finance Agency and Ginnie Mae.
Mortgage rates are at their highest point since the Great Recession as housing affordability continues to decline, according to Freddie Mac data. The 30-year fixed increased from 5.66% to 5.89%. The long-term rate hasn't been this high since November 2008, shortly after the Great Recession was triggered by the collapse of the housing market.
Federal Home Loan Mortgage Corp (FMCC): * FREDDIE MAC PRICES APPROXIMATELY $536 MILLION SECURITIZATION OF RE-PERFORMING LOANS Source text for Eikon: Further company coverage:
Freddie Mac announced today the pricing of its second Seasoned Credit Risk Transfer Trust offering of 2022?a securitization of approximately $536 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned re-performing loans.
Federal National Mortgage Association (FNMA): * FANNIE MAE ANNOUNCES SALE OF NON-PERFORMING LOANS. * FANNIE MAE - NPL 2022-2 INCLUDES COMPANY'S TWENTIETH COMMUNITY IMPACT POOL OFFERING Source text for Eikon: Further company coverage:
The Freddie Mac Multifamily?Apartment Investment Market Index? fell by 11.7% in the second quarter of 2022, with the index down 17.9% compared with the second quarter of 2021. ?The impact of the rapid and substantial increase in both mortgage rates and property prices is evident in this quarter?s AIMI,? said Steve Guggenmos, vice president of Research & Modeling at Freddie Mac Multifamily.
KBRA assigns preliminary ratings to 24 classes from Freddie Mac Structured Agency Credit Risk REMIC 2022-DNA6 Notes, Freddie Mac STACR REMIC Trust 2022-DNA6, a credit risk sharing transaction with a total note offering of $1,165,000,000.
NPL 2022-2 Includes the Company's Twentieth Community Impact Pool Offering WASHINGTON, Sept. 8, 2022 Fannie Mae?today announced its latest sale of non-performing loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio, including the company's twentieth Community Impact Pool.
Freddie Mac today released the results of its Primary Mortgage Market Survey??, showing that the 30-year fixed-rate mortgage averaged 5.89 percent. ?Mortgage rates rose again as markets continue to manage the prospect of more aggressive monetary policy due to elevated inflation,? said Sam Khater, Freddie Mac?s Chief Economist.
Year-over-Year Jump in Interest Rates Amplifying Perceptions of Unaffordability for Buyers and 'Lock-in Effect' for Sellers WASHINGTON, Sept. 7, 2022 /PRNewswire/ -- The Fannie Mae?Home Purchase Sentiment Index? decreased 0.8 points in August to 62.0, its sixth consecutive monthly decline, as high home prices and elevated mortgage rates continue to weigh on consumer sentiment, particularly home...
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