AHP Funds Will Offset Costs to Build Two Austin Apartments. The Federal Home Loan Bank of Dallas and Wells Fargo awarded $1.5 million via two Affordable Housing Program subsidies for affordable rental developments in the works in Austin, Texas. This press release features multimedia.
The Federal Home Loan Bank of Dallas is pleased to announce the appointment of four new members of its Affordable Housing Advisory Council and one reappointment.
KBRA assigns preliminary ratings to 34 classes from Freddie Mac Structured Agency Credit Risk REMIC 2022 DNA1 Notes, Freddie Mac STACR REMIC Trust 2022-DNA1, a credit risk sharing transaction with a total note offering of $1,353,000,000.
Webcast and Conference Call Scheduled for Thursday, Jan. 27, at 8 a.m. ET Sallie Mae? will release fourth-quarter and full-year 2021 financial results after market close on Wednesday, Jan. 26, 2022. A live audio webcast and presentation slides will be available at SallieMae.com/investors and the hosting website on Thursday, Jan. 27, 2022, at 8 a.m. ET.
KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2022-K137 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-137. The underlying transaction is collateralized by 42 fixed-rate multifamily mortgage loans.
KBRA assigns preliminary ratings to 65 classes from Connecticut Avenue Securities, Series 2022-R01, a credit risk sharing transaction with a total note offering of $1,506,261,000. The Reference Pool consists of 180,002 residential mortgage loans with an outstanding principal balance of approximately $53.7 billion as of the cut-off date.
KBRA releases the December 2021 issue of CMBS Trend Watch. CMBS private label pricing volume totaled $6.5 billion for December, bringing total issuance in 2021 to $110 billion. In December, KBRA published pre-sales for six deals including three conduits, one SB transaction, one single-family rental, and one small balance commercial.
Woodforest National Bank and FHLB Dallas Disburse More Than $49,000. Woodforest National Bank? and the Federal Home Loan Bank of Dallas worked together to disburse more than $49,000 in Special Needs Assistance Program funding to nine homeowners in the Beaumont-Port Arthur area of Texas and a 10th in Ellis County south of Dallas, Texas, to make home repairs. This press release features multimedia.
Fifth District Savings Bank and FHLB Dallas Provide Funds to Ozanam Inn Fifth District Savings Bank and the Federal Home Loan Bank of Dallas awarded a $750,000 Affordable Housing Program subsidy to Ozanam Inn, which is wrapping up a retrofit at its new location. This press release features multimedia.
Grants to Hispanic Association of Colleges and Universities and Point Foundation Part of Multi-Year Commitment to Promote Diversity and Advance Social Justice The Sallie Mae Fund, the charitable arm of Sallie Mae?, today announced grants of $125,000 each to Hispanic Association of Colleges and Universities and Point Foundation.
Bonaventure, an integrated investment asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the MidAtlantic and Southeastern regions announced today the acquisition of two luxury apartment communities in Virginia, Messenger Place and Magnolia Run. The two properties were acquired in separate off-market transactions.
The Organization Will Use the Funds to Offset Operational Expenses Austin Bank and the Federal Home Loan Bank of Dallas awarded $17,000 in Partnership Grant Program funds to Hand Up Network for operational expenses. This press release features multimedia. The organizations held a ceremonial check presentation on Tuesday, December 14, 2021.
Kroll Bond Rating Agency assigns preliminary ratings to 65 classes from CONNECTICUT AVENUE SECURITIES TRUST 2021-R03, a credit risk sharing transaction with a total note offering of $908,697,000. The Reference Pool consists of 116,960 residential mortgage loans with an outstanding principal balance of approximately $34.8 billion as of the cut-off date.
Kroll Bond Rating Agency releases the November 2021 issue of CMBS Trend Watch. CMBS private label pricing volume totaled $13 billion for November, bringing the year-to-date total to $100.7 billion, more than double the YTD issuance in 2020.
Northeast Louisiana Nonprofit, NOVA, Receives Partnership Grant Program Award Origin Bank and the Federal Home Loan Bank of Dallas have partnered to award $4,000 in Partnership Grant Program funds to New Opportunities Vision Achievement Workforce Institute of Northeast Louisiana, which trains workers and connects them with employers.
Leading source of financing for U.S. mortgages uses AWS technology to enhance IT security and develop new ways to serve America?s homeowners and renters for decades to come Today, Amazon Web Services, Inc., an Amazon.com, Inc. (AMZN) company, announced that Fannie Mae, a leading source of financing for mortgages in the U.S., is using AWS to help solve the biggest challenges in housing.
Kroll Bond Rating Agency is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2021-K135 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-135. The underlying transaction is collateralized by 45 fixed-rate multifamily mortgage loans.
Kroll Bond Rating Agency releases its outlook on the CMBS sector, highlighting key trends from 2021 and providing forecasts for issuance activity in the new year. With the surge in the delta variant subsiding and COVID rates slowing, economic activity continues to increase, contributing to increasing employment levels and a recovering commercial real estate sector.
Texas Capital Bank and FHLB Dallas Provide Funds to Covenant House Texas. Texas Capital Bank and the Federal Home Loan Bank of Dallas partnered to award a $750,000 Affordable Housing Program subsidy to Covenant House Texas to redevelop its Houston, Texas, campus. This press release features multimedia.
St. Landry Homestead Federal Savings Bank and FHLB Dallas Contribute $750K to Project. Yesterday, the Refinery Mission and its staff joined representatives from St. Landry Homestead Federal Savings Bank and the Federal Home Loan Bank of Dallas to break ground on a new transitional housing facility that will serve adult men. This press release features multimedia.
Witter to Speak on Wednesday, Dec. 1, at 3 p.m. ET Sallie Mae today announced CEO Jon Witter will speak at the Stephens Annual Investment Conference on Wednesday, Dec. 1, at 3 p.m. ET. A live audio webcast and replay will be available at SallieMae.com/investors/webcasts-and-presentations/. Sallie Mae believes education and life-long learning, in all forms, help people achieve great things.
Subsidies Will Create or Rehabilitate More Than 2,100 Housing Units The Federal Home Loan Bank of Dallas is pleased to announce that, in partnership with its member financial institutions, it has awarded $18.5 million in Affordable Housing Program subsidies to 26 projects, primarily within its five-state District of Arkansas, Louisiana, Mississippi, New Mexico and Texas.
Kroll Bond Rating Agency assigns preliminary ratings to 6 classes of notes from Oceanview Trust 2021-EBO1, collateralized by FHA-insured Ginnie Mae early buyout loans. The transaction is the second publicly rated non-agency securitization of EBOs to be introduced to the market in over a decade. KBRA analyzed the underlying mortgage pool using the U.S. Ginnie Mae Early Buyout Rating Methodology.
Kroll Bond Rating Agency assigns preliminary ratings to 65 classes from CONNECTICUT AVENUE SECURITIES TRUST 2021-R02, a credit risk sharing transaction with a total note offering of $984,141,000. The Reference Pool consists of 124,973 residential mortgage loans with an outstanding principal balance of approximately $35.1 billion as of the cut-off date.
Kroll Bond Rating Agency releases a new CMBS default and loss study that examines default volatility and loss stability. CMBS defaults have historically followed the unemployment rate. The study also examined default rates by its property, loan, and financial characteristics. Click here to view the report.
Kroll Bond Rating Agency assigns a preliminary rating of ?BBB-? to the Series 2021-GMSR1 Term Notes from Newrez MSR-COLLATERALIZED NOTES, NewRez LLC and NewRez GMSR Excess Owner LLC?s issuance pursuant to a Master Credit Agreement backed by mortgage servicing rights including retained servicing fees, aggregate excess servicing spread and float pledged by the issuers to the Collateral Agent in s...
IN Affordable Housing Receives Funding from Partnership Grant Program IN Affordable Housing in Little Rock, Arkansas, received $17,750 in Partnership Grant Program funds from five banks, including the Federal Home Loan Bank of Dallas, during a ceremonial check presentation on Tuesday. This press release features multimedia.
Company Welcomes George Geotes as Head of Trading to Lead New Company Sabal Capital Holdings Company, LLC, a financial services firm specializing in commercial real estate investment, today announced it has launched SCH Trading, LLC, a new CMBS trading business specializing in Agency loan securities.
Former Freddie Mac and NYC Housing Preservation & Development Executive Brings 15 Years of Commercial Real Estate Experience as Toorak Grows Multifamily Lending Platform Toorak Capital Partners, Inc., one of the leading capital providers to the residential real estate lending industry, today announced that C. Lamar Myers has joined the firm as Principal and Head of Multifamily Business Developm...
?Mr. Ramsey Brings More than 30 Years of Experience in Financial Services and Risk Management to the Board Sallie Mae?, formally SLM Corporation (SLM), today announced the appointment of Samuel Ramsey to its board of directors, effective immediately. This press release features multimedia.
Kroll Bond Rating Agency releases the October 2021 issue of CMBS Trend Watch. CMBS private label pricing volume ended the month of October at $15.2 billion, bringing the year-to-date issuance total to $84.1 billion, up 83.3% year-over-year. In October, KBRA published pre-sales for six deals including three SB transactions, one conduit, one single-family rental, and one small balance commercial.
Company partners with Starwood Capital Group and Freedom Mortgage, and secures Freddie Mac and Federal Housing Administration approval, to service government-backed loans Valon, a tech-enabled residential mortgage servicer, today announced a $43.9 million investment, to continue fueling the company?s rapid growth through hiring, the development of a loan originations and property insurance busi...
Mountain of Faith Ministries Receives Funding through the Partnership Grant Program Home Bank and the Federal Home Loan Bank of Dallas have partnered to award $10,000 in Partnership Grant Program funds to Mountain of Faith Ministries, a nonprofit based in Vicksburg, Mississippi. This press release features multimedia.
The Federal Home Loan Bank of Dallas today reported net income of $41.3 million for the quarter ended September 30, 2021. Total assets at September 30, 2021 were $60.2 billion, compared with $58.6 billion at June 30, 2021 and $64.9 billion at December 31, 2020. Advances totaled $24.8 billion at September 30, 2021, compared with $24.9 billion at June 30, 2021 and $32.5 billion at December 31, 2020.
Crescent City Community Land Trust to Use the Funds for Operational Expenses Home Bank and the Federal Home Loan Bank of Dallas recently joined together at a ceremonial check presentation to award Crescent City Community Land Trust $8,000 in Partnership Grant Program funds. This press release features multimedia.
Sallie Mae?s Free Scholarship Search Tool is Home to 6 Million Scholarships Collectively Worth $30 Billion Students Can Register to Win More than $5,000 This National Scholarship Month Latest research confirms that 44% of families didn?t use scholarships last year to pay for college, and nearly three-quarters of those families simply didn?t apply.
The Federal Home Loan Bank of Pittsburgh announced today unaudited financial results for the third quarter of 2021. "Our member institutions continue to hold high levels of liquidity, which impacts their need for advances,? said Winthrop Watson, President and Chief Executive Officer.
Banks Award Funds to New Orleans Housing Foundation Home Bank and the Federal Home Loan Bank of Dallas partnered to award $16,000 to New Orleans Neighborhood Development Foundation, a community-based organization founded in 1986 to help low- to moderate-income individuals and families build wealth through homeownership. This press release features multimedia.
Home Bank and FHLB Dallas Award Funds for Operational Costs Natchez-Adams County Habitat for Humanity received a $10,000 Partnership Grant Program award from Home Bank and the Federal Home Loan Bank of Dallas at a ceremonial check presentation this week. This press release features multimedia. The organization will use the funds to cover administration, accounting and insurance costs.
Fathers on a Mission to Use Funds for Capacity Building Home Bank and the Federal Home Loan Bank of Dallas have partnered to award $6,000 to Fathers on a Mission at a ceremonial check presentation on Monday. This press release features multimedia. FOAM said it plans to use the funding to expand its programs and capacity to serve the community.
Kroll Bond Rating Agency assigns preliminary ratings to 33 classes from Freddie Mac Structured Agency Credit Risk REMIC 2021-DNA6 Notes, Freddie Mac STACR REMIC Trust 2021-DNA6, a credit risk sharing transaction with a total note offering of $1,484,000,000.
Sallie Mae?, formally SLM Corporation (SLM), today announced an increase to its 2021 fourth-quarter dividend on its common stock from $0.03 to $0.11 per share. Both common stock and preferred stock dividends will be paid on Dec. 15, 2021, to the respective stockholders of record at the close of business on Dec. 3, 2021.
Third-Quarter GAAP Net Income Attributable to Common Stock of $72 Million, or $0.24 Per Diluted Share; Third-Quarter ?Core Earnings? Attributable to Common Stock of $74 Million, or $0.24 Per Diluted Share Private Education Loan Originations of $2.1 Billion in Third Quarter of 2021, an Increase of 10 Percent from Year-Ago Quarter; Private Education Loan Originations of $4.7 Billion in First Nine...
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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