Company Offers Competitive Interest Rates, No Origination Fees, and Multiple Repayment Options Ahead of Changes to Federal Student Loan Program Expanded Access to Graduate and Law Loans Follow Recent Enhancements to Medical School and Dental School Financing Options NEWARK, Del.
Sallie Mae?, formally SLM Corporation (SLM), announced that it priced its public offering of $500 million aggregate principal amount of 6.495% Fixed-to-Floating Rate Senior Notes due 2032 at par. J.P. Morgan Securities LLC and Barclays Capital Inc. are acting as joint book-running managers.
Bank is now one of 24 DUS? Lenders. Fifth Third Bancorp (FITB) announced closing of a transaction to acquire Mechanics Bank?s Delegated Underwriting and Servicing business line, including an experienced lending team, and a $1.8 billion unpaid principal balance servicing portfolio.
Mechanics Bancorp (MCHB) announced today that Mechanics Bank, a wholly owned subsidiary, has completed the previously announced sale of its Fannie Mae Delegated Underwriting and Servicing business line to Fifth Third Bank, National Association for aggregate cash consideration of approximately $126 million.
To help address the growing need for skilled affordable housing developers, the Federal Home Loan Bank of Chicago, in partnership with member Associated Bank, has awarded $375,000 through its Community First? Developer Program to two nonprofit organizations in Illinois and Wisconsin. This press release features multimedia.
Funding Will Support Heirs? Property Education. The Federal Home Loan Bank of Dallas, through member Bonvenu Bank, has awarded $100,000 in Pathway Fund grants to four organizations in Baton Rouge, Louisiana, whose work strengthens housing stability, advances estate planning and helps families preserve generational property. This press release features multimedia.
Funds Will Be Used for Initiatives to Solve Title Issues and Educate about Heirs? Property. The Federal Home Loan Bank of Dallas, through member Bonvenu Bank, awarded $500,000 in Pathway Fund grants to five organizations in the New Orleans, Louisiana, area that will support resolving heirs? property issues. This press release features multimedia.
Funding Will Support Efforts to Clear Property Titles, Execute Wills and Provide Financial Literacy. The Federal Home Loan Bank of Dallas, through member Bonvenu Bank, has awarded $300,000 in Pathway Fund grants to four organizations in Northwest Louisiana to support ongoing efforts to address heirs? property challenges and help families preserve generational homes.
KBRA releases the April 2026 issue of CMBS Trend Watch. Commercial mortgage-backed securities private label issuance began to gather steam again in April as deals that were delayed due to geopolitical events came to market. In April, 17 CMBS deals closed compared to 12 in March.
Sallie Mae?, formally SLM Corporation (SLM) announced today the commencement of a cash tender offer to purchase any and all of its outstanding 3.125% senior notes upon the terms and conditions described in the Company?s Offer to Purchase, dated May 6, 2026.
?How America Plans for College 2026? Shows More Families Are Planning and Saving for College, and Eight in 10 Families Believe It?s Worth the Cost Nearly all high school students say they plan to continue their education after graduation, 90% of those families believe it's an investment in the student's future, and 82% say it?s worth the cost, according to How America Plans for College ...
A new analysis of loan-level data from both Fannie Mae and Freddie Mac reveals that VantageScore 4.0 consistently better rank-orders mortgage borrower risk and also better separates risk than FICO. This press release features multimedia.
New white paper by Milliman shows FICO Score 10T outperforms VantageScore 4.0 on all mortgage types, including GSE and FHA loans Global analytics software leader FICO is elevating findings from a newly released white paper by independent actuarial firm Milliman, which found that FICO? Score 10T is the most predictive credit score for evaluating mortgage default risk.
Applications Due June 12 with Up to $2 Million Available Per Project The Federal Home Loan Bank of Chicago has opened the application period for its 2026 Affordable Housing Program General Fund. AHP grants help fund the acquisition, new construction, or rehabilitation of rental and owner-occupied housing.
The Federal Home Loan Bank of Dallas today announced the publication of its 2025 Corporate Impact Report, highlighting its continued role as a reliable source of liquidity and its positive impact on communities through more than $134 million distributed through its financial institution members to improve housing affordability and economic well-being. This press release features multimedia.
The Federal Home Loan Bank of Dallas today reported net income of $121.9 million for the quarter ended March 31, 2026. Total assets at March 31, 2026 were $97.1 billion, compared with $108.5 billion at December 31, 2025. Advances totaled $44.2 billion at March 31, 2026, compared with $50.8 billion at December 31, 2025.
The Federal Home Loan Bank of Dallas has released its 2025 Affordable Housing Advisory Council Annual Report, now available at fhlb.com. The report highlights a year of progress in addressing housing affordability challenges, strengthening homeownership pathways and advancing resiliency in its five?state District. This press release features multimedia.
The Federal Home Loan Bank of Chicago today released its 2025 Impact Report, highlighting another year of meaningful support for member financial institutions and communities across Illinois and Wisconsin. This press release features multimedia.
Chief Financial Officer Peter Graham and Chief Operational Officer Kerri Palmer Named Co-Presidents of the Company Sallie Mae?, formally SLM Corporation (SLM), today announced it has named Chief Financial Officer Peter Graham and Chief Operational Officer Kerri Palmer Co-Presidents of the company.
KBRA is pleased to announce the assignment of preliminary ratings to three classes of FREMF Series 2026-K179 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-179. The underlying transaction is collateralized by 37 fixed-rate multifamily mortgage loans.
Freddie Mac completes securitization containing Newrez originated VantageScore? 4.0 loans. Newrez, a top five mortgage lender and servicer, recognized the role its deep partnership with Freddie Mac played in enabling the U.S. Federal Housing, Freddie Mac, and Fannie Mae to move forward with the industry?s transition to modernized credit scoring.
Commitment to Community Investment through FHLB Dallas Programs Sparks Honor. The Federal Home Loan Bank of Dallas has named Pine Bluff, Arkansas-based Simmons Bank as its 2026 Community Area Revitalization Efforts Award recipient. This press release features multimedia.
Sallie Mae, formally SLM Corporation (SLM), today released first quarter 2026 financial results and raised full-year 2026 diluted earnings per common share guidance. This press release features multimedia. Sallie Mae will host an earnings conference call today, April 23, 2026, at 5:30 p.m. ET.
The Federal Home Loan Bank of Pittsburgh announced today unaudited financial results for the first quarter of 2026. This press release features multimedia.
Sallie Mae, formally SLM Corporation (SLM), today announced a 2026 second-quarter dividend on its Preferred Stock Series B of $1.4269028 per share. Both preferred stock and common stock dividends will be paid on June 15, 2026, to the respective stockholders of record at the close of business on June 4, 2026.
VantageScore 4.0 for Mortgages Delivers Over $1 Billion in Savings for Consumers and Mortgage Lenders SAN FRANCISCO---- In a significant advancement for the U.S. mortgage market, the Federal Housing Finance Agency and the Federal Housing Administration today announced the full implementation of the VantageScore 4.0 credit score across the government-sponsored mortgage sector.
Following the Federal Housing and Finance Agency and the Federal Housing Administration?s move to support the expanded use of VantageScore 4.0 in mortgage origination, Experian (EXPGF) today reaffirmed its readiness to help lenders, investors and industry stakeholders evaluate and operationalize the shift.
The Federal Home Loan Bank of Chicago today announced its preliminary and unaudited financial results for the first quarter of 2026. ?In the first quarter, FHLBank Chicago continued to serve as a stable and reliable source of liquidity for our members,? said Michael Ericson, president and chief executive officer.
Organizations and Community Partners Celebrated the Opening at an Event. Austin, Texas, residents have new affordable housing options, thanks in part to a $2 million grant from the Federal Home Loan Bank of Dallas through member, Bank OZK (OZK). This press release features multimedia.
KBRA assigns preliminary ratings to 58 classes from Connecticut Avenue Securities Trust 2026-R03, a credit risk sharing transaction with a total note offering of $629,983,000. The Reference Pool consists of 55,708 residential mortgage loans with an outstanding principal balance of approximately $20.0 billion as of the cut-off date.
Sallie Mae Offers Guidance and Free Resources to Compare Financial Aid Offers Each spring, students and families reach one of the most important milestones in the college decision process: receiving financial aid offer letters from colleges and universities.
eOriginal? platform capabilities now support Federal Home Loan Bank of Des Moines acceptance of digital CRE, Ag, MF, and HELOC collateral Building on its recent expansion of secured party access and digital collateral visibility, Wolters Kluwer Financial & Corporate Compliance today announced support and coordination with the Federal Home Loan Bank of Des Moines following its decision to accep...
?ServiceMac honored for continued excellence in mortgage servicing performance for third straight year? ServiceMac, a mortgage subservicer and a member of the First American family of companies, today announced the company earned Fannie Mae?s 2025 Servicer Total Achievement and Rewards? Performer award in the Solution Delivery and Timeline Management categories.
A $142,401 Pathway Fund grant from the Federal Home Loan Bank of Dallas, through its member institution First Federal Bank of Louisiana, will significantly expand Project Build a Future?s ability to help families resolve heirs? property challenges, clear long?standing title issues and protect generational wealth in Louisiana?s Calcasieu Parish. 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.
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