Meridian Capital Group, one of the nation?s leading commercial real estate finance, investment sales and retail leasing advisors, announced today that Freddie Mac lenders may resume requesting quotes for Meridian-brokered loans beginning on January 1, 2025.
KBRA assigns a rating of ?BBB-? to the Series 2024-FT1 Note from FMC Issuer Trust-FMSR, master trust issuer of notes backed by a participation certificate representing an interest in MSRs that are created on mortgage loans owned by Fannie Mae or otherwise included in Fannie Mae MBS and serviced by FMC.
- The average rate on the popular U.S. 30-year mortgage rate increased to 6.32% this week, its largest one week increase since April, as a string of stronger-than-expected economic data caused investors to scale back bets on further Federal Reserve interest-rate cuts.
The average rate on the popular U.S. 30-year mortgage rate increased to 6.32% this week, its largest one week increase since April, as a string of stronger-than-expected economic data caused investors to scale back bets on further Federal Reserve interest-rate cuts.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.32 percent. ?Following the release of a stronger-than-expected September jobs report, the 30-year fixed rate mortgage saw the largest one-week increase since April,? said Sam Khater, Freddie Mac?s Chief Economist.
To grow the diverse real estate developer talent pipeline in Illinois and Wisconsin, the Federal Home Loan Bank of Chicago has awarded over $3 million through its 2024 Community First? Diverse Developer Initiative to support 62 fellowships and internships across 14 organizations. This press release features multimedia.
WASHINGTON, Oct. 10, 2024 Fannie Mae?announced today that it has executed a new Credit Insurance Risk Transfer? transaction. "We appreciate the support of the 25 insurers and reinsurers that committed to write coverage on this deal," said Rob Schaefer, Fannie Mae Vice President, Capital Markets.
WASHINGTON, Oct. 10, 2024 Fannie Mae?today announced the results of its twenty-fifth non-performing loan sale transaction. The loan pool awarded in this most recent transaction includes: The cover bid, which is the second highest bid for the pool, was 101.29% of UPB. Bids are due on Fannie Mae's Community Impact Pool on October 17, 2024.
KBRA releases research on exposure in its rated universe of commercial real estate securities and single-family rentals to Hurricane Milton. KBRA identified loans within our rated universe of CRE securities?including conduit, Freddie Mac, single borrower, and CRE collateralized loan obligation transactions?along with SFRs that have exposure to the 11 at-risk Gulf Coast counties.
Webcast Scheduled for Wednesday, Oct. 23, at 5:30 p.m. ET Sallie Mae?, formally SLM Corporation (SLM), will release third-quarter 2024 financial results after market close on Wednesday, Oct. 23, 2024. A live audio webcast and presentation slides will be available at SallieMae.com/investors and the hosting website. Investors should log in at least 15 minutes prior to the broadcast.
Federal Home Loan Bank of Atlanta is supporting recovery and relief efforts for those affected by Hurricane Helene, donating $250,000 to the American Red Cross and making up to $2 million available through its Community Rebuild and Restore Product to assist with the rehabilitation of homes damaged by the storm.
Greystone, a leading national commercial real estate finance company, announced it has provided a Freddie Mac loan to refinance a 357-unit multifamily property located in Schaumburg, IL. The financing was originated by Eric Rosenstock and Dan Sacks, both Senior Managing Directors at Greystone, on behalf of Bayshore Properties.
Federal National Mortgage Association (FNMA) : * FANNIE MAE ANNOUNCES SALE OF REPERFORMING LOANS. * SALE INCLUDES 8,721 LOANS WITH $1.429 BILLION UNPAID PRINCIPAL BALANCE. * BIDS FOR REPERFORMING LOANS SALE DUE OCTOBER 29, 2024. * BUYER MUST OFFER LOSS MITIGATION OPTIONS FOR FIVE YEARS.
WASHINGTON, Oct. 8, 2024 Fannie Mae?today began marketing its most recent 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 8,721 loans, having an unpaid principal balance of approximately $1.429 billion, and is available for purchase by qualified bidders.
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 in the table below beginning Monday, October 7, 2024. Freddie Mac has engaged Wells Fargo Securities, LLC and StoneX Financial Inc. as lead dealer managers and CastleOak Securities, L.P. as co-dealer manager for the Offer.
Renter Sentiment Also Up, Including Share Expecting Rates to Fall WASHINGTON, Oct. 7, 2024 The Fannie Mae?Home Purchase Sentiment Index? increased 1.8 points in September to 73.9, its highest level in more than two years, as consumers reported survey-high optimism that mortgage rates will decline over the next 12 months.
Grants Were Funded Through FHLB Dallas? $1M Native American Housing Opportunities Fund. Representatives from the Federal Home Loan Bank of Dallas, Del Norte Credit Union, Wells Fargo and Southwest Capital Bank awarded $550,000 in Native American Housing Opportunities Fund grants to four New Mexico-based tribal housing organizations. This press release features multimedia.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.12 percent. ?The decline in mortgage rates has stalled due to a mix of escalating geopolitical tensions and a rebound in short-term rates that indicate the market?s enthusiasm on rate cuts was premature,? said Sam Khater, Freddie Mac?s Chief Economist.
KBRA assigns preliminary ratings to 24 classes from Freddie Mac Structured Agency Credit Risk REMIC 2024-DNA3 Notes, Freddie Mac STACR REMIC Trust 2024-DNA3, a credit risk sharing transaction with a total note offering of $642,500,000.
KBRA releases the September 2024 issue of CMBS Trend Watch. There is a renewed sense of optimism in the commercial real estate industry. In September, KBRA published pre-sales for nine deals including four conduits, four SBs, and one Agency. Click here to view the report.
DALLAS, Oct. 3, 2024 NexPoint Residential Trust, Inc. (NXRT) announced today the closing of 17-property mortgage refinancings through J.P. Morgan Chase Bank and The Federal Home Loan Mortgage Corporation, the sale of Stone Creek at Old Farm, and the Company is scheduled to host a conference call on Tuesday, October 29, 2024, at 11:00 a.m. ET, to discuss third quarter 2024 financial results.
KBRA assigns a preliminary rating of ?BBB-? to the Series 2024-FT1 Note from FMC Issuer Trust-FMSR, master trust issuer of notes backed by a participation certificate representing an interest in MSRs that are created on mortgage loans owned by Fannie Mae or otherwise included in Fannie Mae MBS and serviced by FMC.
TopLine Financial Credit Union, a Twin Cities-based member-owned financial services cooperative, partnered with Federal Home Loan Bank of Des Moines, a member-owned cooperative that provides funding solutions, to help make homebuying and refinancing more affordable for members by offering a new Mortgage Rate Relief Program.
Greystone, a leading national commercial real estate finance company, has provided an $18,220,000 Fannie Mae Delegated Underwriting & Servicing loan for the acquisition of a 139-unit multifamily property in Chicago, Illinois. Originally constructed in 1927, Cornelia-Stratford in Cook County is a mid-rise apartment building featuring studio, one-, two-, three- and four-bedroom units.
Freddie Mac today announced it sold via auction 982 deeply delinquent non-performing residential first lien loans from its mortgage-related investments portfolio. The loans in the SPO? offering were offered as one pool of mortgage loans.
WASHINGTON, Sept. 30, 2024 Fannie Mae?is reminding homeowners and renters impacted by natural disasters, including those affected by Hurricane Helene, of available mortgage assistance and disaster relief options. "Our top priority is the safety and well-being of those affected by Hurricane Helene.
KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2024-K757 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-757. The underlying transaction is collateralized by 27 fixed-rate multifamily mortgage loans.
Freddie Mac today is reminding homeowners and mortgage servicers of its immediate relief options for those impacted by Hurricane Helene. ?For those impacted by Hurricane Helene throughout the Southeast, Freddie Mac and our partners stand ready to provide immediate assistance,? said Mike Reynolds, Freddie Mac Single-Family Vice President and Head of Servicing.
NEW YORK, Sept. 30, 2024 Emigrant Bank is pleased to announce its 2024 distribution of small business grants to local businesses in the New York metropolitan area through the Federal Home Loan Bank of New York's Small Business Recovery Grant Program.
Representatives from the Federal Home Loan Bank of Dallas joined Prospera Housing Community Services and the Weslaco Chamber of Commerce today to celebrate the grand opening of Weslaco Village Apartments. This press release features multimedia.
WASHINGTON, Sept. 27, 2024 Fannie Mae's?August 2024 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.
U.S. mortgage rates edged down to a two-year low this week, which could provide a further boost to refinancing activity, though many potential home buyers remain on the sidelines. The average rate on the popular 30-year fixed-rate mortgage dipped to 6.08% from 6.09% last week, the lowest level since September 2022, mortgage finance agency Freddie Mac said on Thursday.
U.S. mortgage rates edged down to a two-year low this week, which could provide a further boost to refinancing activity, though many potential home buyers remain on the sidelines. The average rate on the popular 30-year fixed-rate mortgage dipped to 6.08% from 6.09% last week, the lowest level since September 2022, mortgage finance agency Freddie Mac said on Thursday.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.08 percent. ?Although this week?s decline was slight, the 30-year fixed-rate mortgage trended down to its lowest level in two years,? said Sam Khater, Freddie Mac?s Chief Economist.
Unity Bank is proud to announce that five local businesses have each been awarded $10,000 grants through the Federal Home Loan Bank of New York Small Business Recovery Grant Program. These grants aim to help businesses overcome challenges posed by inflation, supply chain constraints, rising energy costs, and a volatile rate environment.
Freddie Mac today posted to its website its Monthly Volume Summary for August 2024, which provides information on Freddie Mac?s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments. Freddie Mac?s mission is to make home possible for families across the nation.
Sallie Mae Corporation stock is trading higher on Wednesday. The Details: Sallie Mae currently holds a 58% market share in private student loans, however, the bank indicates there?s room for growth, describing the lender as ?poised for market share gains.
CHICAGO, Sept. 24, 2024 Rate, a leading financial services provider in the mortgage industry, today announced an increase in its conforming loan limit to $792,000 for select loan products across the contiguous 48 states. Jeremy Collett, EVP, Head of Capital Markets at Rate.
U.S. single-family home prices edged up in July, but the overall trend is slowing amid improving supply, which together with easing mortgage rates could make buying a house more affordable. House prices gained 0.1% on a month-on-month basis after being unchanged in June, the Federal Housing Finance Agency said on Tuesday.
The Federal Home Loan Bank of Dallas awarded $1 million in funding to seven tribally designated housing entities through its Native American Housing Opportunities Fund. Eligible uses for the NAHO Fund grants range from down payment, closing cost and rental assistance to repairs and new construction.
Federal Home Loan Bank of Atlanta announced its 2024 Heirs? Property Family Wealth Protection Fund, allocating $5 million to assist organizations with the prevention and resolution of heirs? property issues.
Mortgage rates continue to fall toward 6% as the housing market absorbs the Federal Reserve?s 0.5% rate cut on Wednesday, raising demand for refinancing and buying, stated Freddie Mac. The average rate for a 30-year fixed mortgage fell to 6.09% on Thursday, down from 6.2% a week ago and 7.19% a year earlier, according to Freddie Mac?s Primary Market Mortgage Survey.
Small Business Boost Loan Gives Startup a Leg Up. A Small Business Boost loan from Arkansas Federal Credit Union and the Federal Home Loan Bank of Dallas helped fund the opening of a premium doggie daycare in North Little Rock, Arkansas. This press release features multimedia.
U.S. mortgage rates dropped to the lowest level in more than 1-1/2 years this week and could fall further after the Federal Reserve cut interest rates for the first time since 2020. The average rate on the popular 30-year fixed-rate mortgage fell to 6.09%, the lowest since February 2023, from 6.20% last week, mortgage finance agency Freddie Mac said on Thursday.
U.S. mortgage rates dropped to the lowest level in more than 1-1/2 years this week and could fall further after the Federal Reserve cut interest rates for the first time since 2020. The average rate on the popular 30-year fixed-rate mortgage fell to 6.09%, the lowest since February 2023, from 6.20% last week, mortgage finance agency Freddie Mac said in a statement on Thursday.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.09 percent. ?Mortgage rates continued declining towards the six percent mark, reviving purchase and refinance demand for many consumers,? said Sam Khater, Freddie Mac?s Chief Economist.
Greystone, a leading national commercial real estate finance company, has provided a $41,535,000 Freddie Mac Optigo? loan to refinance a 252-unit multifamily property in Winter Park, FL. The financing was originated by Haig Kilicyan and Donny Rosenberg of Greystone on behalf of White Eagle Group.
The Freddie Mac Multifamily Apartment Investment Market Index? rose nationwide by 0.3% quarter over quarter and 2.2% year over year, according to data released today.
WASHINGTON, Sept. 18, 2024 Despite a significant decline in mortgage rates and improved supply in some parts of the country, existing home sales are not expected to pick up meaningfully through the remainder of 2024, with the annual pace now forecast to be the slowest since 1995, according to the September 2024 commentary from the Fannie Mae?Economic and Strategic Research Group.
Federal National Mortgage
Association (FNMA): * FANNIE MAE PRICES $708 MILLION CONNECTICUT AVENUE SECURITIES REMIC DEAL Source text for Eikon: Further company coverage:
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