WASHINGTON, May 20, 2022 Fannie Mae announced today that it has executed its fifth Credit Insurance Risk Transfer? transaction of 2022. "We appreciate our continued partnership with the 22 insurers and reinsurers that have committed to write coverage for this deal," said Rob Schaefer, Fannie Mae Vice President for Capital Markets.
Company Awarded Nearly $2 Million in Scholarships and Grants to Students, Social Justice Focused Non-Profits, and Community Partners; Increased Volunteerism by 31% Sallie Mae? today released its annual Corporate Social Responsibility Report, ?Powering Confidence: Increasing Access and Opportunity Through Higher Education.
Mortgage rates in April averaged their highest level since 2010, while inventory of houses continued to decrease 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 rose from 4.17 percent in March 2022 to 4.95 percent in April 2022.
Freddie Mac today released the results of its Primary Mortgage Market Survey ?, showing that the 30-year fixed-rate mortgage averaged 5.25 percent. "Economic uncertainty is causing mortgage rate volatility,? said Sam Khater, Freddie Mac?s Chief Economist.
Greystone, a leading national commercial real estate finance company, has provided a $16,970,000 Fannie Mae Delegated Underwriting Services loan to refinance a 258-unit multifamily property in Hopkinsville, KY. The transaction was originated by Lorie Hanson, Managing Director at Greystone.
Federal National Mortgage Association (FNMA) : * FANNIE MAE PRICED $720 MILLION MULTIFAMILY DUS REMIC UNDER ITS GEMS PROGRAM Source text for Eikon: Further company coverage:
WASHINGTON, May 17, 2022 Fannie Mae priced a $720 million Multifamily DUS? REMIC under its Fannie Mae Guaranteed Multifamily Structures program on May 11, 2022. FNA 2022-M10 marks the fifth Fannie Mae GeMS issuance of 2022.
Fannie Mae Now Accepting Proposals for Innovative, Scalable Ideas that Address Barriers in the Home Rental and Buying Experience WASHINGTON, May 16, 2022 /PRNewswire/ -- Fannie Mae today announced the launch of its 2022 Sustainable Communities Innovation Challenge, the company's second such initiative, committing $5 million to attract innovative ideas that will help advance racial equity in hou...
Banks Provide a $750K Subsidy to Transform Franklin Foundation Hospital into Senior Living Home Bank and the Federal Home Loan Bank of Dallas awarded a $750,000 Affordable Housing Program subsidy to New Orleans Restoration Properties to help renovate the former Franklin Foundation Hospital into a $25.7 million affordable senior living community in Franklin, Louisiana.
NEW YORK, May 12, 2022 The Federal Home Loan Bank of New York is pleased to announce that, on May 12, 2022, its Board of Directors approved a dividend for the first quarter of 2022 of 4.75%. The dollar amount of the dividend will be approximately $52.9 million. The cash dividend will be distributed to member financial institutions on May 13, 2022.
Freddie Mac K-Deal? securitization issuance volume today surpassed the $500 billion mark with the settlement of K-F135. ?The K-Deal has been key to Freddie Mac Multifamily?s growth for more than a decade,? said Robert Koontz, senior vice president of Freddie Mac Multifamily Capital Markets. Since 2009, Freddie Mac has settled 485 separate K-Deals totaling $500.5 billion in issuance volume.
NPL 2022-1 Includes the Company's Nineteenth Community Impact Pool Offering WASHINGTON, May 12, 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 nineteenth Community Impact Pool.
Freddie Mac today released the results of its Primary Mortgage Market Survey, showing that the 30-year fixed-rate mortgage averaged 5.30 percent. ?Homebuyers continue to show resilience even though rising mortgage rates are causing monthly payments to increase by about one-third as compared to a year ago,? said Sam Khater, Freddie Mac?s Chief Economist.
Greystone, a leading national commercial real estate finance company, has provided a $20,000,000 Fannie Mae Delegated Underwriting and Servicing loan to refinance a 322-unit multifamily community in Lanham, Maryland. Developed in 1965, Del Vista Apartments comprises 168 one-bedroom, 36 one-bedroom with den, 79 two-bedroom, and 36 three-bedroom units on 14.59 acres.
Greystone, a leading national commercial real estate finance company, has provided a $33,717,000 Fannie Mae Delegated Underwriting and Servicing loan for the acquisition of a 324-unit multifamily property in Jonesboro, Arkansas. Constructed in 2011, Willow Creek Apartments in Craighead County consists of 12 garden-style buildings with one-, two- and three-bedroom units.
Affordability Constraints Mount as Mortgage Rates and Home Prices Continue to Rise WASHINGTON, May 9, 2022 The Fannie Mae?Home Purchase Sentiment Index? decreased by 4.7 points to 68.5 in April, its lowest level since May 2020, as surveyed consumers expressed heightened concerns about housing affordability and rising mortgage rates.
Affordability Constraints Mount as Mortgage Rates and Home Prices Continue to Rise WASHINGTON, May 9, 2022 The Fannie Mae??Home Purchase Sentiment Index?? decreased by 4.7 points to 68.5 in April, its lowest level since May 2020, as surveyed consumers expressed heightened concerns about housing affordability and rising mortgage rates.
Multifamily and Single-Family Businesses Recognized for Positive Impact in Green Financing WASHINGTON, May 6, 2022 Fannie Mae today announced it earned the 2022 ENERGY STAR? Partner of the Year ? Sustained Excellence Award from the U.S. Environmental Protection Agency and U.S. Department of Energy.
Greystone, a leading national commercial real estate finance company, has provided a $129,520,000 Fannie Mae Delegated Underwriting Services loan to refinance a 472-unit multifamily property in San Diego, California.
Freddie Mac Multifamily released its annual Impact Bonds Report detailing the company?s successful efforts to issue more than $10 billion in Green, Social and Sustainability Bonds since 2019.
KBRA assigns preliminary ratings to 34 classes from Freddie Mac Structured Agency Credit Risk REMIC 2022-DNA4 Notes, Freddie Mac STACR REMIC Trust 2022-DNA4, a credit risk sharing transaction with a total note offering of $1,519,000,000.
Freddie Mac today released the results of its Primary Mortgage Market Survey??, showing that the 30-year fixed-rate mortgage averaged 5.27 percent. ?Mortgage rates resumed their climb this week as the 30-year fixed reached its highest point since 2009,? said Sam Khater, Freddie Mac?s Chief Economist.
KBRA releases the April 2022 issue of CMBS Trend Watch. This month?s Spotlight features a review of Americans on the Move in 2021. Key Takeaways. The publication also provides highlights on new issuance in the sector, as well as surveillance activity.
* NY FED STATEMENT REGARDING PLANS FOR REDUCING SOMA HOLDINGS OF TREASURY SECURITIES, AGENCY DEBT, AND AGENCY MORTGAGE-BACKED SECURITIES. * NY FED SAYS FOMC DECIDED TO BEGIN REDUCING HOLDINGS OF TREASURY SECURITIES AND AGENCY DEBT AND AGENCY MORTGAGE-BACKED SECURITIES ON JUNE 1, 2022.
WASHINGTON, May 3, 2022 Fannie Mae priced Connecticut Avenue Securities? Series 2022-R05, an approximately $952 million note offering that represents Fannie Mae's fifth CAS REMIC? transaction of the year. The reference pool for CAS Series 2022-R05 consists of approximately 127,000 single-family mortgage loans with an outstanding unpaid principal balance of approximately $38.5 billion.
Freddie Mac? today appointed company veteran Kevin Palmer to head its multifamily business, effective May 9, 2022. Palmer has served at Freddie Mac in a variety of positions since 2001, most recently as senior vice president for Single-Family Portfolio Management.
Federal National Mortgage Association (FNMA) : * FANNIE MAE REPORTS NET INCOME OF $4.4 BILLION FOR FIRST QUARTER 2022. * FANNIE MAE - QTRLY NET REVENUES $7,482 MILLION VERSUS $7,647 MILLION IN Q4 2021. * FANNIE MAE - CREDIT-RELATED EXPENSE WAS $201 MILLION IN Q1 2022, COMPARED WITH CREDIT-RELATED INCOME OF $912 MILLION IN FOURTH QUARTER OF 2021.
WASHINGTON, May 3, 2022 Fannie Mae?today reported its first quarter financial results and filed its first quarter 2022 Form 10-Q with the Securities and Exchange Commission. Fannie Mae will host a conference call to discuss the company's results today at 8:00 a.m., ET. Participants may join the conference call in listen-only mode via the webcast link below.
WASHINGTON, April 29, 2022 Fannie Mae's?March 2022 Monthly Summary is now available. About Fannie Mae?Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America. Fannie Mae Newsroom?https://www.fanniemae.com/newsroom.
The First and FHLB Dallas Award First-Time Homebuyer Funds. Ashley Hugley, 35, purchased her first home in Valdosta, Georgia, with the help of a $6,000 Homebuyer Equity Leverage Partnership subsidy from The First Bank and the Federal Home Loan Bank of Dallas. This press release features multimedia.
Federal Home Loan Bank of San Francisco congratulates director Scott Syphax on being named to the 2022 NACD Directorship 100? list, an annual recognition of influential peer-nominated directors and governance professionals by the National Association of Corporate Directors. Syphax joined the Board of Directors of FHLBank San Francisco in 2002 and was vice chair of the board from 2010 to 2012.
Today the Board of Directors of the Federal Home Loan Bank of Indianapolis declared its first quarter 2022 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 3.50% and 1.00%, respectively. The dividends will be paid in cash on April 29, 2022.
NEW YORK, April 28, 2022 ?The Federal Home Loan Bank of New York today released its unaudited financial highlights for the quarter ended March 31, 2022. "The Federal Home Loan Bank of New York continued to perform well in the first quarter of 2022.
The Federal Home Loan Bank of Pittsburgh announced today unaudited financial results for first quarter of 2022. ?The organization is strong, and during a continued period of market uncertainty has provided meaningful returns to our shareholders,? said Winthrop Watson, President and Chief Executive Officer.
KBRA assigns preliminary ratings to 65 classes from Connecticut Avenue Securities, Series 2022-R05, a credit risk sharing transaction with a total note offering of $952,033,000. The Reference Pool consists of 127,166 residential mortgage loans with an outstanding principal balance of approximately $38.5 billion as of the cut-off date.
The board of directors of the Federal Home Loan Bank of Atlanta today approved a first quarter 2022 cash dividend at an annualized rate of 3.74 percent. ?In the face of continuing economic uncertainty, FHLBank Atlanta remains focused on maintaining a financially stable cooperative for the benefit of our members,? said FHLBank Atlanta Chair of the Board, Rick Whaley.
Federal Home Loan Bank of Atlanta today released preliminary unaudited financial highlights for the quarter ended March?31, 2022. Net income for the first quarter of 2022 was $36 million, a decrease of $7 million, compared to net income of $43 million for the first quarter of 2021.
The Federal Home Loan Bank of Dallas today reported net income of $41.1 million for the quarter ended March 31, 2022. Total assets at March 31, 2022 were $62.6 billion, compared with $63.5 billion at December 31, 2021. Advances totaled $26.8 billion at March 31, 2022, compared with $24.6 billion at December 31, 2021.
First Quarter 2022 Financial Highlights Financial Results Discussion Net Income - For the three months ended March?31, 2022, the Bank recorded net income of $54 million compared to $66 million for the same period in 2021.
Federal Home Loan Mortgage Corp (FMCC) : * FREDDIE MAC - QTRLY TOTAL ASSETS $3.1 TRILLION VERSUS $3.02 TRILLION. * FREDDIE MAC - QTRLY SINGLE-FAMILY MORTGAGE PORTFOLIO OF $2.9 TRILLION, UP 17% YEAR-OVER-YEAR. * FREDDIE MAC REPORTS FIRST QUARTER 2022 FINANCIAL RESULTS. * FREDDIE MAC - QTRLY NET REVENUES OF $5.8 BILLION, AN INCREASE OF 11% YEAR-OVER-YEAR.
Freddie Mac today released the results of its?Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 5.10 percent. ?The combination of swift home price growth and the fastest mortgage rate increase in over forty years is finally affecting purchase demand,? said Sam Khater, Freddie Mac?s Chief Economist.
In an effort to help increase homeownership opportunities for first-time homeowners, Nations Lending has announced it will implement Fannie Mae?s positive rent payment history enhancement.
Federal Home Loan Mortgage Corp (FMCC) : * FREDDIE MAC REPORTS FIRST QUARTER 2022 FINANCIAL RESULTS. * FREDDIE MAC - QTRLY NET REVENUES OF $5.8 BILLION, AN INCREASE OF 11% YEAR-OVER-YEAR. * FREDDIE MAC - QTRLY NET INCOME OF $3.8 BILLION, AN INCREASE OF 37% YEAR-OVER-YEAR. * FREDDIE MAC - QTRLY NET REVENUE PRIMARILY DRIVEN BY HIGHER NET INTEREST INCOME & AN INCREASE IN NET INVESTMENT GAINS.
Freddie Mac today reported its first quarter 2022 financial results and filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission. The company will hold a call at 9 a.m. Eastern Time today, April 28, 2022, to share its results with the media. Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.
SLM Corp (SLM): * SALLIE MAE REPORTS FIRST-QUARTER 2022 FINANCIAL RESULTS. * Q1 GAAP EARNINGS PER SHARE $0.45. * SALLIE MAE - PROVISION FOR CREDIT LOSSES IN THE FIRST QUARTER OF 2022 WAS $98 MILLION. * SALLIE MAE- QTRLY NET INTEREST INCOME OF $375 MILLION, UP 13% * Q1 EARNINGS PER SHARE VIEW $0.82 -- REFINITIV IBES DATA Source text for Eikon: Further company coverage:
First-Quarter GAAP Net Income Attributable to Common Stock of $128 Million, or $0.45 Per Diluted Share Private Education Loan Originations Increase 6 Percent from Year-Ago Quarter to $2.2 Billion Repurchased $176 Million of Common Stock in the First Quarter of 2022 Completed $2.0 Billion Private Education Loan Sale on April 27, 2022 NEWARK, Del. This press release features multimedia.
Yardi's Asset IQ solution will enable borrowers to transmit monthly data directly to Fannie Mae SANTA BARBARA, Calif. ?. ?. Borrowers currently send monthly rent roll and operating statement data manually to their lending institution, which then reviews, summarizes and transmits it to Fannie Mae.
MERIDEN, Conn. "Our servicing excellence was recently recognized by Fannie Mae, which named Planet Home Lending a 2021 Servicer Total Achievement and RewardsTM performer," said Michael Dubeck, CEO and President of Planet Financial Group, parent of Planet Home Lending.
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.
Log In Required
Line of Credit Log In Required
Publication Date