Accurate Group Verified to support Freddie Mac?s ACE+ PDR product, giving lenders increased efficiency and broader access to Property Data Collectors Accurate Group, a leading provider of technology-driven real estate appraisal, title data, analytics and e-closing solutions, today announced they have received verification from Freddie Mac for their ACE+ PDR offering.
Vesta?s next-generation LOS allows for seamless automated underwriting with a natively built integration to Fannie Mae Desktop Underwriter. Vesta, a state-of-the-art loan origination system and software-as-a-service company has announced an integration with Fannie Mae Desktop Underwriter?, the company?s automated underwriting system.
AM Best has released newly 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.
? Net Loss for the quarter of $168 million or $ per basic share and $ of diluted EPS primarily attributable to negative fair value marks, after model assumptions were updated to account for higher credit spreads ? ? Adjusted net loss* for the quarter of $22 million or $ per fully diluted share ? PLANO, Texas---- Finance of America Companies Inc. (FOA), , a customer focused, consumer and specialty len...
Funds Provided Down Payment Assistance for Buyers of 12 Habitat Homes. First National Bank Texas and the Federal Home Loan Bank of Dallas presented $72,000 to the Dallas Area Habitat for Humanity in a ceremonial check presentation on Wednesday. This press release features multimedia.
KBRA releases the July 2022 issue of CMBS Trend Watch. This month?s Spotlight features a review of the impact of servicer advancing for end-of-life conduit transactions. A look at the 2012 conduit universe shows a few transactions where the remaining loans are mostly nonperforming, and where the servicer determined that all advances of principal and interest on the loans are NRAD.
The Sallie Mae Fund, in Partnership with Thurgood Marshall College Fund, to Provide up to $100,000 in Scholarships to Grad Students Advancing Social Justice The Sallie Mae Fund, the charitable arm of Sallie Mae, today announced it will again offer $100,000 in scholarships to students pursuing graduate degrees as part of the Bridging the Dream Scholarship for Graduate Students.
KBRA assigns preliminary ratings to 62 classes from Connecticut Avenue Securities, Series 2022-R08, a credit risk sharing transaction with a total note offering of $626,304,000. The Reference Pool consists of 67,644 residential mortgage loans with an outstanding principal balance of approximately $20.4 billion as of the cut-off date.
The Federal Home Loan Bank of Dallas today reported net income of $65.6 million for the quarter ended June 30, 2022. Total assets at June 30, 2022 were $77.7 billion, compared with $62.6 billion at March 31, 2022 and $63.5 billion at December 31, 2021. Advances totaled $36.4 billion at June 30, 2022, compared with $26.8 billion at March 31, 2022 and $24.6 billion at December 31, 2021.
The Federal Home Loan Bank of Pittsburgh announced today unaudited financial results for the second quarter and six months ended June 30, 2022. ?Member advance demand, which gained momentum last quarter, has strengthened,? said Winthrop Watson, President and Chief Executive Officer.
KBRA assigns preliminary ratings of ?BBB-? to the Series 2022-GT2, Class A Term Notes and ?BBB-? to the Series 2022-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 mortgage backed securities.
Second-Quarter GAAP Net Income Attributable to Common Stock of $340 Million, or $1.29 Per Diluted Share Private Education Loan Originations Increase 16 Percent from Year-Ago Quarter to $616 Million Repurchased $360 Million of Common Stock in the Second Quarter of 2022 Completed $2.1 Billion in Private Education Loan Sales During the Quarter Resulting in a $240 Million Gain NEWARK, Del.
Secure, robust eVault functionality is integral to mortgage digitization journey Lenders across the U.S. that are eligible to participate in Ginnie Mae?s recently expanded Digital Collateral Program may now experience the benefits of the eVault technology that is integrated within Ginnie Mae?s mortgage ecosystem?and provided by Wolters Kluwer Compliance Solutions.
Sallie Mae?, formally SLM Corporation (SLM), today announced a 2022 third-quarter dividend on its Preferred Stock Series B of $0.9463963 per share. Both common stock and preferred stock dividends will be paid on September 15, 2022, to the respective stockholders of record at the close of business on September 2, 2022.
AppraisalWorks appraisal management technology increases lender efficiency and gives broader access to property data collectors along with real estate appraisers AppraisalWorks, a leading provider of real estate appraisal technology, today announced its flagship AppraisalWorks? appraisal management platform was verified by Freddie Mac, and added to the company?s list of Software Partners.
Dynex Capital, Inc. (DX) reported its second quarter 2022 results today. Second Quarter 2022 Highlights Management Remarks ?During the quarter, the Dynex team continued to skillfully navigate a historically volatile macroeconomic environment while maintaining book value within this decade?s range despite a meaningful widening in spreads,? stated Byron L. Boston, Chief Executive Officer.
Century Bank and FHLB Dallas Provided $650K to Help Finance Development. Century Bank, the Federal Home Loan Bank of Dallas and Santa Fe, New Mexico, residents recently celebrated the grand opening of an affordable housing development designed specifically for people involved in creative professions. This press release features multimedia.
Inco-Check LLC, the leader in tech-enabled enterprise loan quality, audit consulting and services with 24/7 software and reporting options, today announced the appointment of President Donna Gibson as Chief Operating Officer; and the appointment of Faith Schwartz of Housing Finance Strategies and Stephen Spies, formerly of Fannie Mae, to its Board of Managers.
Webcast and Conference Call Scheduled for Thursday, July 28, at 8 a.m. ET Sallie Mae? will release second-quarter financial results after the market close on Wednesday, July 27, 2022. A live audio webcast and presentation slides will be available at SallieMae.com/investors and the hosting website on Thursday, July 28, 2022, at 8 a.m. ET.
KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2022-K147 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-147. The underlying transaction is collateralized by 43 fixed-rate multifamily mortgage loans.
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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