WASHINGTON, Jan. 27, 2023 Fannie Mae's December 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.
Fannie Mae's Multifamily Financing Provided Continued Support for Affordable Housing and Other Market Segments WASHINGTON, Jan. 27, 2023 /PRNewswire/ -- Fannie Mae?provided more than $69 billion in debt financing to support the multifamily market in 2022.
Freddie Mac today announced that its Single-Family and Multifamily Credit Risk Transfer programs acquired credit protection of approximately $833 million on more than $50 billion unpaid principal balance of mortgage loans, brokered by Aon plc (AON), a leading global professional services firm, and sub-brokered by certified minority-business enterprise Protecdiv in 2022.
The board of directors of the Federal Home Loan Bank of Atlanta today approved a cash dividend for the fourth quarter 2022 at an annualized rate of 6.37 percent. ?The support of our members is key to maintaining a strong financial foundation for our cooperative,? said FHLBank Atlanta Chair of the Board, Thornwell Dunlap.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.13 percent. ?Mortgage rates continue to tick down and, as a result, home purchase demand is thawing from the months-long freeze that gripped the housing market,? said Sam Khater, Freddie Mac?s Chief Economist.
Federal Home Loan Mortgage Corp (FMCC) : * FREDDIE MAC - TOTAL MORTGAGE PORTFOLIO INCREASED AT AN ANNUALIZED RATE OF 5.3% IN DECEMBER. * FREDDIE MAC - SINGLE-FAMILY DELINQUENCY RATE REMAINED FLAT AT 0.66% IN DECEMBER. * FREDDIE MAC - SINGLE-FAMILY REFINANCE-LOAN PURCHASE AND GUARANTEE VOLUME WAS $3.4 BILLION IN DECEMBER Source text for Eikon: Further company coverage:
Freddie Mac today posted to its website its Monthly Volume Summary for December 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.
AUSTIN, Texas, Jan. 25, 2023 ?Newmark (NMRK) announces it has secured a $400 million Tenant Advancement Commitment?on behalf of borrower Comunidad Partners, a vertically integrated real estate investment firm specializing in workforce and affordable housing in culturally diverse communities throughout the U.S. Newmark Vice Chairman and Head of Workforce Housing Anthony Tarter?represented the borrower ...
The Federal Home Loan Bank of Dallas is pleased to announce the appointment of David Long to its Affordable Housing Advisory Council and the reappointment of four current Advisory Council members. This press release features multimedia.
Sallie Mae?, formally SLM Corporation (SLM), today announced a 2023 first-quarter dividend on its Preferred Stock Series B of $1.6090725 per share. Both preferred stock and common stock dividends will be paid on March 15, 2023, to the respective stockholders of record at the close of business on March 3, 2023.
Federal Home Loan Bank of Atlanta today announced the results of the election for chair and vice chair of its board of directors. R. Thornwell Dunlap III, ChairFHLBank Atlanta board members elected R. Thornwell Dunlap III, president and chief executive officer of Countybank in Greenwood, South Carolina, to a two-year term as chair of FHLBank Atlanta?s board of directors.
Elevated Mortgage Rates and Home Prices Expected to Continue to Limit Housing Activity WASHINGTON, Jan. 20, 2023 Despite ending the year on a stronger-than-anticipated footing, the economy is still expected to slip into a modest recession beginning in the first half of 2023, according to the January 2023 commentary from the Fannie Mae Economic and Strategic Research Group.
Affordable Housing Development to Receive Extensive Upgrades. The First Bank and the Federal Home Loan Bank of Dallas awarded a $750,000 Affordable Housing Program subsidy to Central Mississippi Housing and Development Corp. for an extensive $3.9 million renovation of the 64-unit Canton Manor, a 1980s-era affordable housing apartment complex in Canton, Mississippi.
Freddie Mac today released the results of its?Primary Mortgage Market Survey??, showing the 30-year fixed-rate mortgage averaged 6.15 percent. ?As inflation continues to moderate, mortgage rates declined again this week,? said Sam Khater, Freddie Mac?s Chief Economist.
Greystone, a leading national commercial real estate finance company, announced Rich Martinez has been promoted to Head of Production, Agency Lending, after joining the firm in 2022 as Executive Managing Director, Multifamily Sales & Production.
FHLB's popular down payment assistance program will be offered February 6 and July 6 CINCINNATI, Jan. 18, 2023 /PRNewswire/ -- The Federal Home Loan Bank of Cincinnati's Welcome Home Program will be offered twice in 2023 and will open at 8:00 a.m. ET on February 6 and July 6, 2023.
Nationwide Competition Drew Innovative, Scalable Solutions to Remove Barriers in the Home Renting and Buying Experience WASHINGTON, Jan. 18, 2023 /PRNewswire/ -- Fannie Mae today announced the selection of five organizations to receive deliverable-based contracts under the Sustainable Communities Innovation Challenge, a nationwide competition to help advance racial equity in housing.
January 17, 2023 ? Freddie Mac Multifamily?s 2022 production volume totaled $73.8 billion, including a record of nearly $1 billion in Low-Income Housing Tax Credit equity investments. ?In a year marked by record rent inflation and a rental housing supply crisis, Freddie Mac Multifamily prioritized its affordable housing mission,? said Kevin Palmer, head of Freddie Mac Multifamily.
Greystone, a leading national commercial real estate finance company, has provided a $94,451,000 Fannie Mae Delegated Underwriting & Servicing loan for the $131 million acquisition of a 586-unit multifamily property in Arlington Heights, Illinois.
WASHINGTON, Jan. 13, 2023 Fannie Mae?today reminded the market, as announced on December 22, 2022, that it will transition its legacy LIBOR loans and securities to the SOFR-indexed benchmark replacements recommended by the Federal Reserve Board.
Freddie Mac reiterated today that it will transition its legacy U.S. dollar LIBOR-indexed contracts to an index based on the Secured Overnight Financing Rate for loans and securities for which Freddie Mac is responsible for selecting the replacement index.
Webcast and Conference Call Scheduled for Thursday, Feb 2, at 8 a.m. ET Sallie Mae? will release fourth-quarter and full-year 2022 financial results after market close on Wednesday, Feb. 1, 2023. A live audio webcast and presentation slides will be available at SallieMae.com/investors and the hosting website on Thursday, Feb. 2, 2023, at 8 a.m. ET.
?Freddie Mac today released the results of its Primary Mortgage Market Survey, showing the 30-year fixed-rate mortgage averaged 6.33 percent. ?While mortgage rates have resumed their decline, the market remains hypersensitive to rate movements, with purchase demand experiencing large swings relative to small changes in rates,? said Sam Khater, Freddie Mac?s Chief Economist.
WASHINGTON, Jan. 12, 2023 Fannie Mae priced Connecticut Avenue Securities? Series 2023-R01, an approximately $731 million note offering that represents Fannie Mae's first CAS REMIC? transaction of the year. The reference pool for CAS Series 2023-R01 consists of approximately 68,000 single-family mortgage loans with an outstanding unpaid principal balance of approximately $22.6 billion.
Federal Home Loan Mortgage Corp (FMCC) : * FREDDIE MAC MULTIFAMILY ISSUED $65 BILLION IN 2022 SECURITIES. * FREDDIE MAC - ISSUED $65.1 BILLION OF SECURITIES THROUGH ITS MULTIFAMILY RISK TRANSFER PLATFORM IN 2022 Source text for Eikon: Further company coverage:
Exec who made digital mortgage originations mainstream from top GSE and fintech posts will now oversee modernization of $13T mortgage servicing sector Sagent, a Warburg Pincus-backed fintech software company modernizing mortgage servicing for banks and lenders, today appointed Marianne Sullivan as Chief Operating Officer to accelerate development of the industry?s first and only cloud-native so...
Freddie Mac issued $65.1 billion of securities through its Multifamily risk transfer platform in 2022. Freddie Mac has settled $629 billion in Multifamily securities through its K-Deal and various other risk-transfer offerings since the inception of the program in 2009.
Federal Home Loan Bank of Atlanta announced today that it will begin accepting applications for its 2023 Affordable Housing Program General Fund round on March 1, 2023. The AHP General Fund is one of the largest sources of private funding for affordable housing in the country.
Palmer?s Previous Service as the Company?s Chief Risk Officer is Expected to Further Strengthen Credit Operations Sallie Mae?, formally SLM Corporation (SLM), has named Kerri Palmer Chief Operational Officer, and President of Sallie Mae Bank.
KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2023-K153 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-153. The underlying transaction is collateralized by 43 fixed-rate multifamily mortgage loans.
KBRA assigns preliminary ratings to 62 classes from Connecticut Avenue Securities, Series 2023-R01, a credit risk sharing transaction with a total note offering of $730,749,000. The Reference Pool consists of 67,693 residential mortgage loans with an outstanding principal balance of approximately $22.6 billion as of the cut-off date.
-The U.S. Supreme Court on Monday declined to again hear a multi-billion dollar case pursued by shareholders of Fannie Mae and Freddie Mac arising from the federal government's takeover of the mortgage finance firms during the 2008 financial crisis.
The U.S. Supreme Court on Monday declined to again hear a multi-billion dollar case pursued by shareholders of Fannie Mae and Freddie Mac arising from the federal government's takeover of the mortgage finance firms during the 2008 financial crisis.
HPSI Inched Upward in December but Remains Well Below Pre-Pandemic Highs WASHINGTON, January 9, 2023 The Fannie Mae Home Purchase Sentiment Index? increased 3.7 points in December to 61.0, but the index remains only slightly above its all-time low set in October.
MOUNTLAKE TERRACE, Wash. David has over 25 years' experience in the housing industry. "David has spent a significant amount of time working directly with Fannie Mae and other industry groups to improve financing options for manufactured home buyers." said Donn Costa, Executive Vice President of Home Lending.
KBRA releases the December 2022 issue of CMBS Trend Watch. U.S. CMBS private label issuance began to slow in second-quarter 2022 following a strong start to the year, owing to higher interest rates and uncertainty regarding future Federal Reserve actions.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.48 percent. ?Mortgage application activity sunk to a quarter century low this week as high mortgage rates continue to weaken the housing market,? said Sam Khater, Freddie Mac?s Chief Economist.
Federal Home Loan Bank of Atlanta announced today that it has appointed three members to its Affordable Housing Advisory Council. New Members: William Grant is currently a member relations consultant with the American Bankers Association. Michael Wong is the Executive Director of the Harrisonburg Redevelopment and Housing Authority in Harrisonburg, Virginia, a position he has held since 2001.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.42 percent. ?The housing market remains in the doldrums with declining sales, inventory and prices,? said Sam Khater, Freddie Mac?s Chief Economist.
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.
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