News Results

  1. KBRA Assigns Preliminary Ratings to FREMF 2023-K154 and Freddie Mac Structured Pass-Through Certificate Series K-154
    Business Wire | 03/20/23 12:52 PM EDT

    KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2023-K154 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-154. The underlying transaction is collateralized by 50 fixed-rate multifamily mortgage loans.

  2. AppraisalWorks Delivers Valuation Modernization Solutions Backing Fannie Mae Value Acceptance + Property Data Initiative
    Business Wire | 03/15/23 08:00 AM EDT

    Leading valuation management technology platform provides lenders, AMCs and appraisers a complete toolset to support valuation modernization AppraisalWorks?, the leading property valuation and valuation management technology provider, today announced the platform provides turnkey support for Fannie Mae?s Value Acceptance + Property Data framework.

  3. BayCom Corp?s Capital and Liquidity Remain Strong
    Business Wire | 03/14/23 03:00 PM EDT

    BayCom Corp (BCML), and its wholly owned subsidiary United Business Bank, a Western Regional bank, today confirmed its capital and liquidity positions remain strong. The Bank has access to approximately $1.1 billion in liquidity from numerous sources including its borrowing capacity at Federal Home Loan Bank.

  4. Accurate Group Aligned with Fannie Mae on new Valuation Modernization Solution Value Acceptance + Property Data Initiative
    Business Wire | 03/10/23 08:00 AM EST

    Following extensive pilot, Accurate Group is one of only six providers approved by Fannie Mae Accurate Group, a leading provider of technology-driven real estate appraisal, title data, analytics and e-closing solutions, today announced they are one of six service providers approved after extensive review and client testing by Fannie Mae for the new Value Acceptance + Property Data valuation mod...

  5. KBRA Assigns Preliminary Ratings to Fannie Mae?s CAS 2023-R03
    Business Wire | 03/09/23 12:15 PM EST

    KBRA assigns preliminary ratings to 62 classes from Connecticut Avenue Securities, Series 2023-R03, a credit risk sharing transaction with a total note offering of $542,082,000. The Reference Pool consists of 113,917 residential mortgage loans with an outstanding principal balance of approximately $38.5 billion as of the cut-off date.

  6. Sallie Mae Chief Financial Officer Steve McGarry Enters into Retention Agreement with the Company
    Business Wire | 03/03/23 04:56 PM EST

    Remains as CFO Through Early 2024 to Facilitate Successful Transition Upon His Retirement Sallie Mae, formally SLM Corporation (SLM), announced today that Steven J. McGarry, executive vice president and chief financial officer, has entered into a retention agreement with the company.

  7. Federal Home Loan Bank of Dallas Reports Fourth Quarter 2022 Operating Results
    Business Wire | 02/23/23 01:18 PM EST

    The Federal Home Loan Bank of Dallas today reported net income of $115.9 million for the quarter ended December 31, 2022. Total assets at December 31, 2022 were $114.3 billion, compared with $89.6 billion at September 30, 2022 and $63.5 billion at December 31, 2021.

  8. FHLBank Pittsburgh Announces Full Year and Fourth Quarter 2022 Financial Results
    Business Wire | 02/23/23 11:14 AM EST

    The Federal Home Loan Bank of Pittsburgh announced today unaudited financial results for the full year and fourth quarter ended Dec. 31, 2022. ?In 2022, advance volumes increased in response to member need," said Winthrop Watson, President and Chief Executive Officer.

  9. Sallie Mae Chief Financial Officer to Speak at 2023 RBC Capital Markets Global Financial Institutions Conference
    Business Wire | 02/22/23 04:30 PM EST

    Sallie Mae?, formally SLM Corporation (SLM), today announced Chief Financial Officer Steve McGarry will speak at the 2023 RBC Capital Markets Global Financial Institutions Conference on Wednesday, March 8, at 2:40 p.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.

  10. Experian offers Instant Income and Employment Verification Through Freddie Mac?s Loan Product Advisor? Asset and Income Modeler (AIM)
    Business Wire | 02/22/23 06:00 AM EST

    Mortgage lenders can now instantly verify borrower income and employment information with Experian Verify? In a move to provide mortgage lenders and borrowers a more efficient and streamlined verification experience, Experian? today announced Experian Verify? can now be accessed through Freddie Mac?s Loan Product Advisor? asset and income modeler.

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.