Freddie Mac today posted to its website its Monthly Volume Summary for February 2023, 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.
WASHINGTON, March 27, 2023 Fannie Mae's ?February 2023 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.
WASHINGTON, March 27, 2023 Fannie Mae?announced today that it has executed two Credit Insurance Risk Transfer? transactions. "We appreciate our continued partnership with the 20 insurers and reinsurers that have committed to write coverage for these deals," said Rob Schaefer, Fannie Mae Vice President, Capital Markets.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.42 percent. ?Mortgage rates continued to slide down as financial market concerns came to the fore over the last two weeks,? said Sam Khater, Freddie Mac?s Chief Economist.
WESTERLY, R.I., March 22, 2023 ?Washington Trust has been selected to participate in Federal Home Loan Bank of Boston's homeownership assistance programs, Equity Builder Program and Housing Our Workforce.
Black Knight's (BKI) innovative SCOUT mobile property inspection solution approved for data collection as part of the GSE's appraisal modernization initiative?? -? Black Knight (BKI) is one of only six vendors currently approved by Fannie Mae to support the GSE's new valuation option: value acceptance plus property data-? SCOUT, Black Knight's (BKI) innovative property inspection application, enables appraisers...
KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2023-K154 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-154. The underlying transaction is collateralized by 50 fixed-rate multifamily mortgage loans.
PHH Mortgage, a subsidiary of Ocwen Financial Corporation (OCN) and a leading non-bank mortgage servicer and originator, today announced the Company achieved Fannie Mae?s 2022 Servicer Total Achievement and RewardsTM Performer recognition.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.60 percent. ?Mortgage rates are down following an increase of more than half a percent over five consecutive weeks,? said Sam Khater, Freddie Mac?s Chief Economist.
NEW YORK, March 16, 2023 TGM announced today the mortgage refinancing for TGM Bay Isle, a 582-unit multifamily apartment community in St. Petersburg, Florida. TGM Bay Isle received Green Globes Certification enabling TGM to secure competitive borrowing terms from Fannie Mae as a result of the property's green efficiency and sustainability.
WASHINGTON, March 15, 2023 Fannie Mae today announced that Michael Seelig has been appointed to the Board of Directors and will serve on the Audit Committee. "We are very pleased to welcome Mike to the Fannie Mae Board of Directors," said Michael J. Heid, Chair of the Board. "Mike is another strong addition to our exceptional Board of Directors.
* SILVERGATE WAS NOT CUT OFF FROM LOANS, FHLB SAYS - COINDESK. * FHLBANK SAN FRANCISCO DID NOT REQUEST, COMPEL SILVERGATE BANK TO PREPAY ITS OUTSTANDING ADVANCES - COINDESK, CITING FEDERAL HOME LOAN BANK SPOKESPERSON Source text: https://bit.ly/3mWlnql Further company coverage:
Leading valuation management technology platform provides lenders, AMCs and appraisers a complete toolset to support valuation modernization AppraisalWorks?, the leading property valuation and valuation management technology provider, today announced the platform provides turnkey support for Fannie Mae?s Value Acceptance + Property Data framework.
- Silicon Valley Bank's new Chief Executive Tim Mayopoulos on Tuesday urged the failed bank's top venture capital clients to move their deposits to its newly created bridge entity, people who attended a virtual meeting with him said. The Federal Deposit Insurance Corporation appointed the former Fannie Mae CEO to head Silicon Valley Bridge Bank N.A. after the regulator took control of SVB.
Silicon Valley Bank's new Chief Executive Tim Mayopoulos on Tuesday urged the failed bank's top venture capital clients to move their deposits to its newly created bridge entity, people who attended a virtual meeting with him said. The Federal Deposit Insurance Corporation appointed the former Fannie Mae CEO to head Silicon Valley Bridge Bank N.A. after the regulator took control of SVB.
BayCom Corp (BCML), and its wholly owned subsidiary United Business Bank, a Western Regional bank, today confirmed its capital and liquidity positions remain strong. The Bank has access to approximately $1.1 billion in liquidity from numerous sources including its borrowing capacity at Federal Home Loan Bank.
The Freddie Mac Multifamily Apartment Investment Market Index? fell by 7.6% in the fourth quarter of 2022, with the index down 25.8% year over year. ?The extraordinary increase in mortgage rates drove the decline in AIMI as 2022 concluded,? said Steve Guggenmos, vice president of Research & Modeling at Freddie Mac Multifamily. Over the quarter, AIMI decreased in the nation and in all 25 markets.
Greystone, a leading national commercial real estate finance company, announced it has ranked as the #1 overall Agency Small Loans lender by volume for 2022.
-The Federal Deposit Insurance Corporation on Monday named former Fannie Mae head Tim Mayopoulos as the chief executive officer of Silicon Valley Bank, a subsidiary of the defunct SVB Financial Group. He steps in after regulators shuttered the startup-focused lender on Friday after a run on its deposits that left it with a dearth of capital.
Even as the banking crisis widens in the U.S., First Republic Bank said it enhanced and diversified its financial position through additional borrowing capacity from the Federal Reserve, continued access to funding through the Federal Home Loan Bank, and ability to access additional financing through JPMorgan Chase & Co . First Republic's total available unused liquidity to fund operations curr...
Following extensive pilot, Accurate Group is one of only six providers approved by Fannie Mae Accurate Group, a leading provider of technology-driven real estate appraisal, title data, analytics and e-closing solutions, today announced they are one of six service providers approved after extensive review and client testing by Fannie Mae for the new Value Acceptance + Property Data valuation mod...
Enact Holdings Inc (ACT): * ENACT HOLDINGS (ACT) - GOT CONFIRMATION FROM FANNIE MAE & FREDDIE MAC THAT GSE CONDITIONS SATISFIED, ACCOMPANYING RESTRICTIONS LIFTED, EFFECTIVE MARCH 1 Source text for Eikon: Further company coverage:
Enact Holdings, Inc. (ACT), a leading provider of private mortgage insurance through its insurance subsidiaries, today announced that it has received confirmation from Fannie Mae and Freddie Mac that the GSE Conditions first imposed after the issuance of Enact?s August 2020 senior notes have been satisfied and the accompanying restrictions have been lifted, effective March 1, 2023.
KBRA assigns preliminary ratings to 62 classes from Connecticut Avenue Securities, Series 2023-R03, a credit risk sharing transaction with a total note offering of $542,082,000. The Reference Pool consists of 113,917 residential mortgage loans with an outstanding principal balance of approximately $38.5 billion as of the cut-off date.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.73 percent. ?Mortgage rates continue their upward trajectory as the Federal Reserve signals a more aggressive stance on monetary policy,? said Sam Khater, Freddie Mac?s Chief Economist.
Greystone, a leading national commercial real estate finance company, has provided a $20,301,000 Fannie Mae Delegated Underwriting & Servicing Green Rewards loan to refinance an 87-unit multifamily property in North Ogden, Utah. Constructed in 2020, Patriot Pointe Apartments in Weber County is a townhome community with one-, two- and two-bedroom units.
Once again, NAF honored for its exceptional servicing capabilities TUSTIN, Calif. "From the time we founded NAF 20 years ago, we've been committed to operational efficiency and using innovative technology to ensure our customers are taken care of during the homebuying process and beyond," said Patty Arvielo, CEO and Co-Founder of New American Funding.
Status enables AVG to underwrite fixed-income securities for?government-sponsored, shareholder-owned mortgage corporations MELVILLE, N.Y., March 8, 2023 /PRNewswire/ -- American Veterans Group, a social impact investment bank and Wall Street's first and only public benefit corporation, has been approved as a diversity-owned broker dealer by Freddie Mac and Fannie Mae.
Company launches second special purpose credit program in three months by offering new Freddie Mac program offering $3,000 to use toward a down payment for those buying in underrepresented communities DETROIT, March 7, 2023 /PRNewswire/ -- Rocket Mortgage, the nation's largest mortgage lender and part of Rocket Companies?, is the first national lender to offer Freddie Mac's BorrowSmart Access?...
Both Homebuyers and Home-Sellers Express Caution About Current Market Conditions WASHINGTON, March 7, 2023 The Fannie Mae Home Purchase Sentiment Index? decreased 3.6 points in February to 58.0, breaking a streak of three consecutive monthly increases and returning the index closer to its all-time survey low set in October 2022.
SLM Corp (SLM): * SALLIE MAE CHIEF FINANCIAL OFFICER STEVE MCGARRY ENTERS INTO RETENTION AGREEMENT WITH THE COMPANY. * SALLIE MAE - STEVE MCGARRY REMAINS AS CFO THROUGH EARLY 2024 TO FACILITATE SUCCESSFUL TRANSITION UPON HIS RETIREMENT Source text for Eikon: Further company coverage:
Remains as CFO Through Early 2024 to Facilitate Successful Transition Upon His Retirement Sallie Mae, formally SLM Corporation (SLM), announced today that Steven J. McGarry, executive vice president and chief financial officer, has entered into a retention agreement with the company.
CARMEL, Ind. The firm saw significant growth in many product offerings in 2022, including a 77% increase in Merchants Bank balance sheet lending with over $7 billion, a 48% increase in Freddie Mac Targeted Affordable Housing production and an overall 27% increase in 2022 financing volume.
Freddie Mac today released the results of its?Primary Mortgage Market Survey??, showing the 30-year fixed-rate mortgage averaged 6.65 percent. ?As we started the year, the 30-year fixed-rate mortgage decreased with expectations of lower economic growth, inflation and a loosening of monetary policy.
Survey will collect energy and water cost and consumption data to update the 1-100 ENERGY STAR? Score and EPA's Water Score for Multifamily Housing WASHINGTON, March 1, 2023 /PRNewswire/ --?Fannie Mae today announced that it has launched the 2023 Multifamily Energy and Water Survey, a national effort to collect and analyze whole property energy and water consumption and costs from 2022, togethe...
WASHINGTON, March 1, 2023 Fannie Mae announced today that it has executed its first Credit Insurance Risk Transfer? transaction of 2023. "CIRT 2023-1 begins another active year of CIRT issuance for Fannie Mae. The covered loan pool for CIRT 2023-1 consists of approximately 35,000 single-family mortgage loans with an outstanding unpaid principal balance of approximately $11.8 billion.
* NY FED-STATEMENT REGARDING REPURCHASE AGREEMENT SMALL VALUE EXERCISE. * NY FED- OPEN MARKET TRADING DESK AT THE NEW YORK FED INTENDS TO CONDUCT A SMALL VALUE FORWARD START TERM REPO OPERATION WITH PRIMARY DEALERS. * NY FED- STATEMENT REGARDING AGENCY MORTGAGE-BACKED SECURITIES SMALL VALUE EXERCISE.
Sonu Mittal will join Freddie Mac as senior vice president and head of the Single-Family Acquisitions division, the company announced today. Mittal will join Freddie Mac from Citizens, where he has served in several executive roles, including President of Home Mortgage, executive vice president of Home Lending and Head of Retail Mortgage, as well as other areas.
Freddie Mac today posted to its website its Monthly Volume Summary for January 2023, 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.
WASHINGTON, Feb. 27, 2023 Fannie Mae's??January 2023 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. fanniemae.com | Twitter | Facebook | LinkedIn | Instagram | YouTube | Blog. Fannie Mae Newsroomhttps://www.fanniemae.com/newsroom.
BOSTON, Feb. 24, 2023 The Federal Home Loan Bank of Boston announced its preliminary, unaudited fourth quarter and annual financial results for 2022, reporting net income of $55.4 million for the quarter and $184.2 million for the year.
Federal Home Loan Bank of Atlanta today released preliminary unaudited financial highlights for the quarter and year ended December?31, 2022. Net income for the fourth quarter of 2022 was $74 million, an increase of $67 million, compared to net income of $7 million for the fourth quarter of 2021.
Today the Board of Directors of the Federal Home Loan Bank of Indianapolis declared its fourth quarter 2022 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 6.00% and 2.00%, respectively. The dividends will be paid in cash on February?24, 2023.
The Federal Home Loan Bank of Dallas today reported net income of $115.9 million for the quarter ended December 31, 2022. Total assets at December 31, 2022 were $114.3 billion, compared with $89.6 billion at September 30, 2022 and $63.5 billion at December 31, 2021.
Freddie Mac today released the results of its?Primary Mortgage Market Survey??, showing the 30-year fixed-rate mortgage averaged 6.50 percent. ?The economy continues to show strength, and interest rates are repricing to account for the stronger than expected growth, tight labor market and the threat of sticky inflation,? said Sam Khater, Freddie Mac?s Chief Economist.
The Federal Home Loan Bank of Pittsburgh announced today unaudited financial results for the full year and fourth quarter ended Dec. 31, 2022. ?In 2022, advance volumes increased in response to member need," said Winthrop Watson, President and Chief Executive Officer.
CINCINNATI, Feb. 23, 2023 The Federal Home Loan Bank of Cincinnati today released unaudited financial results for the year ended December?31, 2022. Operating Results Financial Condition Highlights Dividend Housing and Community Investment The FHLB expects to file its 2022 Form 10-K with the Securities and Exchange Commission on or about March?16, 2023.
The Federal Home Loan Bank of San Francisco today announced annual and fourth quarter 2022 operating results. The $36 million increase in net income relative to the prior year was primarily attributable to an increase in net interest income of $45 million and a change in other income/ of $19 million, partially offset by an increase of $21 million in the Bank?s provision for credit losses.
NEW YORK, Feb. 22, 2023 The Federal Home Loan Bank of New York today released its unaudited financial highlights for the quarter and year ended December 31, 2022. The FHLBNY's net income for 2022 was $417.4 million, an increase of $151.9 million, or 57.2%, from net income of $265.5 million for 2021.
Sallie Mae?, formally SLM Corporation (SLM), today announced Chief Financial Officer Steve McGarry will speak at the 2023 RBC Capital Markets Global Financial Institutions Conference on Wednesday, March 8, at 2:40 p.m. ET. A live audio webcast and replay will be available at SallieMae.com/investors. Sallie Mae believes education and life-long learning, in all forms, help people achieve great things.
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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