$18 Billion in Loan Deliveries Walker & Dunlop, Inc. (WD) was recognized as the largest Fannie Mae DUS? lender by volume in 2022, making it Fannie Mae?s #1 partner for the fourth consecutive year. On a combined basis, with both Fannie Mae and Freddie Mac, Walker & Dunlop (WD) delivered $18 billion of loan deliveries, making it the largest GSE lender in the country for the first time ever.
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.
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.
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.
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...
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.
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.
Banks and Prospera Housing Celebrate Groundbreaking for Weslaco Village Apartments. Wells Fargo, the Federal Home Loan Bank of Dallas and Prospera Housing Community Services recently celebrated the groundbreaking for the reconstruction of Weslaco Village, an affordable housing complex serving extremely low-income households in Weslaco, Texas. This press release features multimedia.
?Turning Point of South Arkansas Receives Partnership Grant Program Funding Cadence Bank (CADE) and the Federal Home Loan Bank of Dallas awarded Turning Point of South Arkansas $16,000 in Partnership Grant Program funds during a ceremonial check presentation Friday. This press release features multimedia.
Delta Grace Receives Partnership Grant Program Funds. Planters Bank & Trust Co. and the Federal Home Loan Bank of Dallas awarded $8,000 in Partnership Grant Program funding to Delta Grace Inc. during a ceremonial check presentation in Indianola, Mississippi, Wednesday. This press release features multimedia.
Funds to Help Finance $10.3M Rental Development for Older Adults. First National Bank and the Federal Home Loan Bank of Dallas awarded a $435,000 Affordable Housing Program subsidy to Paragould Housing Development Corp. for an older-adult-focused housing development. This press release features multimedia.
KBRA releases the November 2022 issue of CMBS Trend Watch. U.S. CMBS private label issuance continues to be adversely affected by rising interest rates and a challenging economic landscape. In November, KBRA published pre-sales for seven deals including three conduit, two single-family rental, one Freddie Mac K-Series, and one commercial real estate collateralized loan obligation transaction.
RREEF Property Trust, Inc., a publicly registered, daily NAV REIT that is advised by DWS through an affiliate, has acquired a 100 percent interest in the Class D Certificate and the related interest-only securities of a fixed rate Freddie Mac Multifamily CMBS Securitization known as FREMF 2021-K150 for a total investment of approximately $30.9 million.
Today, the Federal Home Loan Bank of Pittsburgh announced that Bank of Charles Town received the inaugural 2022 FHLBank Diversity, Equity and Inclusion Membership Award for their Banking On Diversity program. This press release features multimedia.
KBRA releases its CMBS 2023 Sector Outlook, which highlights key credit trends from 2022 and forecasts U.S. issuance activity for the new year. Lenders and investors have been scrutinizing deals more closely, reducing leverage, increasing pricing, or just moving to the sidelines as interest rates continue to rise.
Mr. Blackley Brings Significant Financial Services and Operations Experience to the Board Sallie Mae?, formally SLM Corporation (SLM), today announced the appointment of R. Scott Blackley to its board of directors, effective immediately.
Adult & Teen Challenge of Texas Celebrates Grand Opening of Houston Dorm. Frost Bank and the Federal Home Loan Bank of Dallas have awarded a $700,000 Affordable Housing Program subsidy to Adult & Teen Challenge of Texas, which provided the final funding needed to complete a new dormitory for its Houston, Texas, campus. This press release features multimedia.
Cadence Bank (CADE), Citizens National Bank and FHLB Dallas Assist in Ward 2 Renewal Effort Representatives from Cadence Bank (CADE), Citizens National Bank and the Federal Home Loan Bank of Dallas have awarded $18,000 in Partnership Grant Program funding to Twin Forks Rising Community Development Corp.. They celebrated the awards at a ceremonial check presentation in Hattiesburg, Mississippi, recently.
KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2022-K151 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-151. The underlying transaction is collateralized by 49 fixed-rate multifamily mortgage loans.
KBRA releases its single-borrower CMBS default and loss study update, which reviews the performance of 644 SB deals issued from August 1993 to September 2021?the SB study population?that had at least one year of loan seasoning, with performance tracked through September 2022.
Grant Program Provides 3:1 Match of Members? Contributions. Representatives from BankPlus, Citizens National Bank and the Federal Home Loan Bank of Dallas have awarded $19,140 in Partnership Grant Program matching-grant funding to the Lauderdale County Habitat for Humanity in Mississippi. This press release features multimedia.
Grant Will Assist Sacred Heart Southern Missions Housing Corp. Cadence Bank (CADE) and the Federal Home Loan Bank of Dallas awarded $10,000 in Partnership Grant Program funding to Sacred Heart Southern Missions Housing Corp. today during a ceremonial check presentation in Walls, Mississippi. This press release features multimedia.
Christmas in April Grenada Repairs Homes for the Elderly, Disabled and Families with Children Cadence Bank (CADE) and Federal Home Loan Bank of Dallas representatives awarded $6,000 in Partnership Grant Program funding to Christmas in April Grenada during a ceremonial check presentation today. This press release features multimedia.
Louisiana Nonprofit Receives Partnership Grant Program Funds Red River Bank and the Federal Home Loan Bank of Dallas awarded $16,000 in Partnership Grant Program funding to the Greater Alexandria Economic Development Authority Revitalization Corp. during a ceremonial check presentation Tuesday. This press release features multimedia.
An Affordable Housing and Veterans Organization Receive Partnership Grant Program Funds Home Bank and the Federal Home Loan Bank of Dallas awarded $16,000 in Partnership Grant Program funding to two community organizations in Natchez, Mississippi, during a ceremonial check presentation Tuesday. This press release features multimedia.
***10:00 a.m. Wednesday, November 9, 601 E. Pine Street, Hattiesburg, Mississippi 39401*** Representatives from Cadence Bank, Citizens National Bank and the Federal Home Loan Bank of Dallas will award $18,000 in Partnership Grant Program funds to Twin Forks Rising Community Development Corp.. The media is encouraged to attend.
***1:30 p.m., Tuesday, November 8, 500 Main Street, Natchez, Mississippi 39120*** Home Bank and the Federal Home Loan Bank of Dallas will award $16,000 in Partnership Grant Program funding to two community organizations in Natchez, Mississippi during a ceremonial check presentation. FHLB Dallas matches member institution contributions of $500 to $4,000 by a 3:1 ratio.
***11:00 a.m., Tuesday, November 8, 1412 Centre Court Drive, Alexandria, Louisiana 71301*** Red River Bank and the Federal Home Loan Bank of Dallas will award $16,000 in Partnership Grant Program funding to the Greater Alexandria Economic Development Authority Revitalization Corp. GAEDA, which promotes urban renewal in Rapides Parish, renovates, restores and develops properties to reverse blight.
Basis Multifamily Finance I, LLC, a subsidiary of Basis Investment Group, LLC, a national commercial real estate investment platform founded by CEO Tammy K. Jones, announced today that Fannie Mae has approved Basis as a DUS? lender.
New Gulf Coast Housing Project Awarded Affordable Housing Program Funds The Peoples Bank and the Federal Home Loan Bank of Dallas awarded $500,000 in Affordable Housing Program funding toward the redevelopment of North Park Estates, an affordable housing community located in Gulfport, Mississippi. This press release features multimedia.
Trained, Unwavering, Focused and Fit Kids Receives Partnership Grant Program Funds Austin Bank, Texas N.A. and the Federal Home Loan Bank of Dallas awarded $16,000 in Partnership Grant Program funds to the nonprofit Trained, Unwavering, Focused and Fit Kids. This press release features multimedia.
KBRA releases the October 2022 issue of CMBS Trend Watch. U.S. CMBS private label issuance fell for the second consecutive month in October. In October, KBRA published pre-sales for four deals including two Freddie Mac K-Series, one conduit, and one CRE CLO transaction. This month?s edition also highlights KBRA?s six recent CMBS research pieces on a variety of topics.
Epsilon Consulting Services is pleased to announce that the Federal Home Loan Bank of New York is now live with ETS, Epsilon?s innovative trade management platform that enables rule-based processing and automation.
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.
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