News Results

  1. KBRA Releases Monthly CMBS Trend Watch
    Business Wire | 02:13 PM EDT

    KBRA releases the May 2023 issue of CMBS Trend Watch. We will start with the good news: CMBS private label issuance, while anemic, seems to be gaining some traction. In May, KBRA published pre-sales for four deals including one SB and three conduit transactions. This month?s edition also highlights recent KBRA research publications, which cover various topical issues.

  2. Fannie Mae Assesses Residential Portfolio Risk Using Jupiter ClimateScore? Global
    Business Wire | 09:00 AM EDT

    Analyzes physical climate risk for mortgage portfolio backed by over 17 million U.S. single-family and multifamily residential assets Jupiter, the trusted leader in climate risk analytics, today announced that Fannie Mae is using the company?s industry-leading product, ClimateScore? Global, to assess the potential impacts of climate change on their mortgage portfolio backed by over 17 million U...

  3. FHLBank Pittsburgh Announces 2023 Annual Member Award Recipients
    Business Wire | 06/05/23 12:38 PM EDT

    The Federal Home Loan Bank of Pittsburgh announced the 2023 winners of its Diversity, Equity and Inclusion Membership Award and the Pillars of the Community Awards.

  4. KBRA Releases Research - Freddie Mac K-Series: First-Quarter 2023 Defeasance and Supplemental Debt Plummet After Record High in 2022
    Business Wire | 06/02/23 11:22 AM EDT

    KBRA releases a new report on defeasance and supplemental debt, which climbed to an all-time high in 2022 for Freddie Mac K-Series deals. Despite the decline in activity in 2H 2022, defeasance may have benefited from lower Treasury prices due to the rise in the 10-year note, as the cost to replace property cash flows with defeasance Treasury securities became cheaper.

  5. $750K from Red River Bank and FHLB Dallas to Help Fund Construction of Louisiana Homeless Shelter
    Business Wire | 05/25/23 07:18 PM EDT

    Salvation Army to Build New Facility that Will Include Units for Women and Children. A homeless shelter will be built to serve women, children and men in Alexandria, Louisiana, with the help of a $750,000 Affordable Housing Program subsidy provided by the Federal Home Loan Bank of Dallas through its member, Red River Bank. This press release features multimedia.

  6. Sallie Mae CEO Jon Witter to Present At 2023 Morgan Stanley US Financials, Payments & CRE Conference
    Business Wire | 05/25/23 04:30 PM EDT

    Sallie Mae?, formally SLM Corporation (SLM), today announced CEO Jon Witter will speak at the 2023 Morgan Stanley US Financials, Payments & CRE Conference on Monday, June 12, at 11 a.m. ET. A live audio webcast and replay will be available at Sallie Mae believes education and life-long learning, in all forms, help people achieve great things. Category: Corporate and Financial.

  7. Expanded Investment in Downpayment Plus? Grant Program Puts Home Ownership in Reach for More Homebuyers in Illinois and Wisconsin
    Business Wire | 05/25/23 11:30 AM EDT

    Funds Increased to $42 Million and Access Extended to Year-Round Availability The Federal Home Loan Bank of Chicago is pleased to announce expanded funding of its Downpayment Plus? grant program bringing the total 2023 program budget to $42 million.

  8. Media Advisory: Red River Bank and FHLB Dallas to Award $750K in Affordable Housing Funds to The Salvation Army of Central Louisiana
    Business Wire | 05/24/23 01:25 PM EDT

    ***Noon, Thursday, May 25, 1412 Centre Court, Suite 101, Alexandria, Louisiana 71301*** Red River Bank and the Federal Home Loan Bank of Dallas will present $750,000 in Affordable Housing Program funds to The Salvation Army of Central Louisiana to build a multifamily homeless shelter and support facility in Alexandria, Louisiana.

  9. KBRA Assigns Preliminary Ratings to Fannie Mae?s CAS 2023-R04
    Business Wire | 05/22/23 10:28 AM EDT

    KBRA assigns preliminary ratings to 65 classes from Connecticut Avenue Securities, Series 2023-R04, a credit risk sharing transaction with a total note offering of $765,166,000. The Reference Pool consists of 66,984 residential mortgage loans with an outstanding principal balance of approximately $20.9 billion as of the cut-off date.

  10. FHLB Dallas Joins Village of Ruidoso for the Opening of a New Mexico Housing Development
    Business Wire | 05/18/23 06:44 PM EDT

    FHLB Dallas Provided $200K to Support Affordable Rental Homes Village officials, affordable housing advocates and the Federal Home Loan Bank of Dallas came together this week to celebrate the opening of a housing development serving low-income residents in the Village of Ruidoso, New Mexico. 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.