News Results

  1. Accurate Group Partners with Freddie Mac as Verified ACE+ PDR Software Provider
    Business Wire | 08/08/22 10:35 AM EDT

    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.

  2. Vesta Announces Integration With Fannie Mae Desktop Underwriter
    Business Wire | 08/08/22 09:11 AM EDT

    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.

  3. Best?s Special Report: AM Best Updates Net Capital Charge Associated With Fannie-Freddie Mortgage Risk Transfers
    Business Wire | 08/08/22 08:55 AM EDT

    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.

  4. Finance of America Reports Second Quarter 2022 Results
    Business Wire | 08/04/22 04:05 PM EDT

    ? 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...

  5. First National Bank Texas and FHLB Dallas Announce $72K to Dallas Area Habitat for Humanity
    Business Wire | 08/04/22 12:33 PM EDT

    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.

  6. KBRA Releases Monthly CMBS Trend Watch
    Business Wire | 08/04/22 10:12 AM EDT

    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.

  7. Application Window Now Open for The Sallie Mae Fund?s Bridging the Dream Scholarship Program for Graduate Students
    Business Wire | 08/01/22 02:45 PM EDT

    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.

  8. KBRA Assigns Preliminary Ratings to Fannie Mae?s CAS 2022-R08
    Business Wire | 07/28/22 02:05 PM EDT

    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.

  9. Federal Home Loan Bank of Dallas Reports Second Quarter 2022 Operating Results
    Business Wire | 07/28/22 01:01 PM EDT

    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.

  10. FHLBank Pittsburgh Announces Second Quarter 2022 Financial Results
    Business Wire | 07/28/22 12:37 PM EDT

    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.

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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