Kroll Bond Rating Agency assigns preliminary ratings to 5 classes of asset-backed notes from CFMT 2021-EBO1, LLC ASSET-BACKED NOTES, SERIES 2021-1, collateralized by FHA-insured Ginnie Mae early buyout loans and REO assets. The transaction is the first publicly rated non-agency securitization of non-performing EBOs to be introduced to the market in over a decade.
Kroll Bond Rating Agency assigns preliminary ratings of ?BBB-? to the Series 2021-GT2, Class A Term Notes and ?BBB-? to the Series 2021-GT2, Class B Term Notes from FMC GMSR ISSUER TRUST, Freedom Mortgage Corporation?s master trust issuer of notes backed by a participation certificate evidencing a participation interest in mortgage servicing rights on loans underlying Ginnie Mae guaranteed mort...
Investing in Freddie Mac mortgage-backed ?B-Piece? certificates, fund targets net annual IRR of 8-10% while providing downside protection, inflation hedge and tax advantages Origin Investments, a top performing private real estate manager, launched a $350-million Multifamily Credit Fund designed to give qualified purchasers a passive income stream substantially higher than most other fixed inco...
Image Changers Receives Funding from FHLB Dallas and Red River Bank Red River Bank and the Federal Home Loan Bank of Dallas have partnered to award $4,000 in Partnership Grant Program funds to Image Changers, a nonprofit based in Shreveport, Louisiana. This press release features multimedia.
Red River Bank and FHLB Dallas Provide Partnership Grant Program Funds Red River Bank and the Federal Home Loan Bank of Dallas have partnered to award a total of $33,000 in Partnership Grant Program funds to Serving Grace and GAEDA Revitalization Corp. in Alexandria, Louisiana. This press release features multimedia.
Webcast and Conference Call Scheduled for Thursday, October 21, at 8 a.m. ET Sallie Mae? will release third-quarter financial results after market close on Wednesday, October 20, 2021. A live audio webcast and presentation slides will be available at SallieMae.com/investors and the hosting website on Thursday, October 21, at 8 a.m. ET.
Snapdocs eMortgage Quickstart Program, supported by Freddie Mac, provides technology, implementation framework and support to help lenders scale Snapdocs, Inc., the leading digital closing platform for the mortgage industry, today announced the Snapdocs eMortgage Quickstart Program.
FHLB Dallas and BancorpSouth Provide Partnership Grant Program Funds BancorpSouth Bank (BXS) and the Federal Home Loan Bank of Dallas awarded $78,222 in Partnership Grant Program matching-grant funding to 10 nonprofits in Arkansas, Mississippi and Louisiana.
Kroll Bond Rating Agency releases the September 2021 issue of CMBS Trend Watch. CMBS private label pricing volume ended the month of September at $12.3 billion, bringing the year-to-date issuance total to $69 billion, eclipsing the $58.4 billion in activity posted through Q3 YTD 2019, and up 75.4% year-over-year. In the spotlight feature, KBRA reviews its issuer net cash flow haircuts.
Foundation to Assist Nonprofits with Hurricane Ida Recovery Efforts The Federal Home Loan Bank of Dallas donated $500,000 to the Greater New Orleans Foundation to assist with its Hurricane Ida recovery efforts. This press release features multimedia.
FHLB Dallas Members Will Also Have Access to Grants and Low-Cost Loans The Federal Home Loan Bank of Dallas will distribute $1 million in charitable donations to assist communities and FHLB Dallas members with recovery efforts from damage caused by Hurricane Ida.
FHLB Dallas and Insurors Indemnity Company Partner on Funding Insurors Indemnity Company and the Federal Home Loan Bank of Dallas have partnered to award $8,000 in Partnership Grant Program funds to McLennan Community Investment Fund. This press release features multimedia. The funding was celebrated during a ceremonial check presentation on September 14.
?The First and FHLB Dallas Provide $60.5K Through Habitat for Humanity. Eleven residents from Florida and Louisiana recently purchased a first home through Habitat for Humanity thanks in part to a Homebuyer Equity Leverage Partnership subsidy from The First, A National Banking Association based in Hattiesburg, Mississippi, and the Federal Home Loan Bank of Dallas.
Former CoreLogic & Fannie Mae leader to head strategic initiatives to accelerate Candor Technology?s market growth and industry innovation Candor Technology today announced that E. Thomas Booker, III has joined the company as its Chief Strategy Officer. This press release features multimedia.
Just 68% of College Families Filed the FAFSA Last Year, With Many Citing the Form?s Complexity and Time Needed to File Last year, just 68% of families filed the Free Application for Federal Student Aid, the gateway to $150 billion in scholarships, grants, work study, and federal student loans.
People Assisting the Homeless Has Nearly 40-Year History Wells Fargo (WFC) and the Federal Home Loan Bank of Dallas have awarded $17,000 in Partnership Grant Program funds to People Assisting the Homeless of Farmington, New Mexico. This press release features multimedia.
Freddie Mac Multifamily Lender approval complements Regions? focus on affordable housing and conventional multifamily financing. Regions Bank on Wednesday announced the company?s Real Estate Capital Markets division is now an approved Freddie Mac Multifamily Conventional and Targeted Affordable Housing Optigo? lender. This press release features multimedia.
Kroll Bond Rating Agency is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2021-K745 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-745. The underlying transaction is collateralized by 28 fixed-rate multifamily mortgage loans.
FHLB Dallas and Comerica Bank Provide Partnership Grant Program Funds Comerica Bank and the Federal Home Loan Bank of Dallas partnered to award a combined $71,000 in Partnership Grant Program funds to four Texas nonprofits. This press release features multimedia. The two banks celebrated the funding awards with the four organizations during a September 2 virtual check presentation.
CEO Jon Witter to Speak on Monday, Sept. 13 Sallie Mae today announced CEO Jon Witter will speak at the 2021 Barclays Global Financial Services Conference, held virtually, on Monday, Sept. 13, at 10:30 a.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.
Kroll Bond Rating Agency releases a report on U.S. commercial mortgage-backed securities loan performance trends observed in the August 2021 servicer reporting period. Lodging and retail recorded the largest decreases in their delinquency rates, to 11.3% from 11.9% and 7.4% from 8%, respectively. Click here to view the report.
Hancock Whitney and FHLB Dallas Partner to Provide Funding. Myrtle Walker has a house full of new windows, thanks to a $6,000 Special Needs Assistance Program subsidy from Hancock Whitney and the Federal Home Loan Bank of Dallas. This press release features multimedia. Ms. Walker, 68, said her New Iberia, Louisiana, home, built in 1966, was drafty.
Cason and Coleman Bring Decades of Experience Disrupting the Mortgage Industry Argyle, the leading employment data platform that provides companies access to user-permissioned employment records in real time, today announced new appointments to its Mortgage Advisory Board, comprised of influential industry executives and Argyle customers. This press release features multimedia.
Origin Bank and FHLB Dallas Provide Disaster Rebuilding Assistance Funds. Brenda Collins has lived in Monroe, Louisiana, her entire life and has enjoyed every second of it. This press release features multimedia. Origin Bank and the Federal Home Loan Bank of Dallas partnered to assist Ms. Collins by providing a $10,000 Disaster Rebuilding Assistance subsidy to make critical repairs to her roof.
Kroll Bond Rating Agency releases research on CMBS hotel chain delinquencies. In this report, we review delinquencies by chain scale, hotel chain, and brand. Click here to view the report. Related Publications About KBRA KBRA is a full-service credit rating agency registered in the U.S., the EU and the UK, and is designated to provide structured finance ratings in Canada.
FHLB Dallas and Texas Bank Financial Provide Partnership Grant Program Funds Texas Bank Financial and the Federal Home Loan Bank of Dallas have partnered to award $12,000 in Partnership Grant Program funds to the Historic Como Preservation Council. This press release features multimedia.
Hancock Whitney and FHLB Dallas Provide Assistance. Hosea Fain, a retired county election judge who is also retired from his work as a welder and machine operator, recently received a $4,916 Special Needs Assistance Program subsidy from the Federal Home Loan Bank of Dallas and Hancock Whitney to repair his long-time Dallas, Texas, home. This press release features multimedia.
Equity Commitments Totaled $1.85 Billion Berkshire Residential Investments announced the final close of Berkshire Multifamily Debt Fund III with equity commitments totaling $1.85 billion. The Fund will primarily consist of Freddie Mac?s Multifamily Capital Markets Execution B-piece debt investments that are collateralized by high-quality multifamily mortgages throughout the United States.
Funds Provided Through SNAP, an FHLB Dallas Community Program. BancorpSouth Bank (BXS) has distributed nearly $55,000 in Special Needs Assistance Program funding from the Federal Home Loan Bank of Dallas to assist eligible homeowners in the communities it serves. This press release features multimedia. More than one third of the funding went to homeowners in New Iberia and Opelousas, Louisiana.
FHLB Dallas and Veritex Community Bank Provide Partnership Grant Program Funds Veritex Community Bank and the Federal Home Loan Bank of Dallas have partnered to award $16,000 in Partnership Grant Program funds to a Houston nonprofit that helps people impacted by COVID-19 gain employment. This press release features multimedia.
Coury Joins a Prestigious List of Unstoppable Entrepreneurs and Transformational Leaders Jeff Coury, CEO of Mortgage Connect LP, a national mortgage services provider for the nation?s largest financial institutions, investors, servicers and government-sponsored enterprises, has been named the winner of the prestigious Ernst & Young Entrepreneur Of The Year? 2021 East Central Region Award.
Kroll Bond Rating Agency is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2021-K744 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-744. The underlying transaction is collateralized by 29 fixed-rate multifamily mortgage loans.
Veritex Community Bank and FHLB Dallas Award SNAP Funds. A $7,000 Special Needs Assistance Program subsidy from Veritex Community Bank and the Federal Home Loan Bank of Dallas funded the repair of Army veteran Robert Young?s home. This press release features multimedia.
Kroll Bond Rating Agency is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2021-K130 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-130. The underlying transaction is collateralized by 60 fixed-rate multifamily mortgage loans.
Mercy Housing and Human Development Focuses on Financial Literacy Hancock Whitney and the Federal Home Loan Bank of Dallas have awarded $20,105 in Partnership Grant Program funds to Mercy Housing and Human Development of Gulfport, Mississippi. This press release features multimedia.
Kroll Bond Rating Agency releases a loan default and loss study on the Freddie Mac K-Series. The study examined default rates by its property, loan, and financial characteristics. Click here to view the report. Related Publications About KBRA KBRA is a full-service credit rating agency registered in the U.S., the EU and the UK, and is designated to provide structured finance ratings in Canada.
Sallie Mae?, formally SLM Corporation (SLM), today announced a 2021 third-quarter dividend on its Preferred Stock Series B of $0.46460 per share. Both common stock and preferred stock dividends will be paid on Sept. 15, 2021, to the respective stockholders of record at the close of business on Sept. 3, 2021.
The Federal Home Loan Bank of Dallas today reported net income of $28.0 million for the quarter ended June 30, 2021. Total assets at June 30, 2021 were $58.6 billion, compared with $61.1 billion at March 31, 2021 and $64.9 billion at December 31, 2020. Advances totaled $24.9 billion at June 30, 2021, compared with $25.6 billion at March 31, 2021 and $32.5 billion at December 31, 2020.
Increased Cash Back Rewards to Help Pay Down Any Student Loan and Highest-Spending Categories Sallie Mae? today announced increased cash back rewards for its Accelerate? and Evolve? Mastercard? credit cards.
The Federal Home Loan Bank of Pittsburgh announced today unaudited financial results for the second quarter of 2021. ?Though economic conditions nationwide have continued to improve in the second quarter, we anticipate limited change to members' need for advances this year," said Winthrop Watson, President and Chief Executive Officer.
AM Best has updated tables of net capital charges associated with a representative sample of mortgage-related transactions from Fannie Mae and Freddie Mac?s credit risk transfer programs, Freddie Mac?s Agency Credit Insurance Structure and Fannie Mae?s Credit Insurance Risk Transfer.
MAXEX, the first digital mortgage exchange for buying and selling residential loans through a single clearinghouse, announced today that the company has continued to expand the number of liquidity options available for mortgage lenders impacted by changes to the government sponsored enterprises cap for non-owner occupied and second home loans.
Dynex Capital, Inc. (DX) reported its second quarter 2021 results today. Management Remarks "We began this year believing we would have multiple opportunities to invest capital at attractive returns, as the yield curve steepened or spreads widened. "Our experienced team has managed through a wide range of investment environments, and we continue to manage our portfolio with a long-term view.
OWNS Aims to Reduce the Racial Wealth Gap by Supporting Affordable Housing Options for Minority and Low-Income Families Impact Shares announces the launch of the Impact Shares Affordable Housing MBS ETF, an exchange-traded fund that invests in agency mortgage-backed securities backed by pools of mortgage loans made to minority families, low- and moderate-income families, and/or families that li...
Kroll Bond Rating Agency assigns preliminary ratings of ?BBB-? to the Series 2021-GT1, Class A Term Notes and ?BBB-? to the Series 2021-GT1, Class B Term Notes from FMC GMSR ISSUER TRUST, Freedom Mortgage Corporation?s master trust issuer of notes backed by a participation certificate evidencing a participation interest in mortgage servicing rights on loans underlying Ginnie Mae guaranteed mort...
BankPlus and FHLB Dallas Fund Renovation. U.S. Army veteran Thomas McLeod recently received a $10,000 Housing Assistance for Veterans grant to make repairs on his home in Petal, Mississippi, a suburb of Hattiesburg, Mississippi. This press release features multimedia. The HAVEN grant was provided by BankPlus and the Federal Home Loan Bank of Dallas.
Partnership Grant Program Provides Funds to Affordable Housing Nonprofit Hancock Whitney and the Federal Home Loan Bank of Dallas have awarded $14,000 in Partnership Grant Program funds to Gulf Coast Housing Initiative, which develops affordable housing in Gulfport, Mississippi. This press release features multimedia.
Second-Quarter GAAP Net Income Attributable to Common Stock of $139 Million, or $0.44 Per Diluted Share; Second-Quarter ?Core Earnings? Attributable to Common Stock of $144 Million, or $0.45 Per Diluted Share $533 Million in Private Education Loans Originated During Quarter Repurchased 23 Million Shares of Common Stock in the Second Quarter of 2021; 19% Reduction in Total Common Stock Outstandi...
The Grants Will Assist Organizations in South Texas. Hancock Whitney and the Federal Home Loan Bank of Dallas have awarded $28,000 in Partnership Grant Program funds to three community-based organizations located in the Houston, Texas, metro area. This press release features multimedia.
Bank OZK (OZK) and FHLB Dallas Partner to Provide Funds. A $7,000 Special Needs Assistance Program subsidy from Bank OZK (OZK) and the Federal Home Loan Bank of Dallas funded the repair of a hot water heater and heating and air conditioning system for a Russellville, Arkansas, homeowner. This press release features multimedia.
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
Publication Date