Seventy-Six Low-Income Apartments Built for Residents 55 and Older in Jackson, Mississippi. Jackson, Mississippi, has a new, $28 million affordable apartment community that serves income-restricted seniors, thanks, in part, to an $850,000 Affordable Housing Program grant from the Federal Home Loan Bank of Dallas awarded through Trustmark National Bank. This press release features multimedia.
Sallie Mae?, formally SLM Corporation (SLM), today announced Chief Financial Officer Pete Graham will speak at the Barclays Global Financial Services Conference on Tuesday, Sept. 10, at 10:30 a.m. ET. A live audio webcast and replay will be available at SallieMae.com/investors. Sallie Mae believes education and life-long learning, in all forms, help people achieve great things.
$3.5 Million Allocated to Help Housing Agencies Reach More Under-Resourced Communities to Support Homebuyers in Illinois and Wisconsin In support of its mission to provide liquidity to members and support affordable housing and community development, the Federal Home Loan Bank of Chicago is proud to announce an increase of $1.5 million for its Community First? Housing Counseling Resource Progra...
Funds Will Support Affordable Housing and Economic Development in Underserved Communities. Almost $3.4 million in funding was awarded to 14 nondepository community development financial institutions through the Federal Home Loan Bank of Dallas Capacity Building and Growth Grant program.
- Implementation of PMIERs Updates is not expected to materially impact Radian Guaranty?s capital position or PMIERs cushion Radian Guaranty Inc., the principal mortgage insurance subsidiary of Radian Group Inc. (RDN), announced that updates to the Private Mortgage Insurer Eligibility Requirements that were issued today by Fannie Mae and Freddie Mac, are not expected to have a material impact on Radi...
Essent Group Ltd. (ESNT) reported today that Fannie Mae and Freddie Mac, under the oversight of the Federal Housing Finance Authority, issued updates to the Private Mortgage Insurer Eligibility Requirements calculation of Available Assets and planned sunset of the use of the 0.3x Required Asset multiplier for loans in a COVID forbearance plan.
The Federal Home Loan Bank of Pittsburgh today announced the election of Thomas A. Hendry, Senior Vice President and Treasurer of New York Life Insurance and Annuity Corporation. and Nathaniel S. Bonnell, Chairman, President and CEO of Citizens Bank of West Virginia to the FHLBank Board of Directors.
LIHTC Lending Incentivizes Affordable Housing Support for Low-Income Individuals and Families in Illinois and Wisconsin The Federal Home Loan Bank of Chicago is announcing the Low-Income Housing Tax Credit Collateral Pilot Program, which provides members with increased lendable value on their pledged collateral for up to $300 million of qualifying mortgage loans on LIHTC multi-family housing pr...
Funds Will Assist in Development of Affordable Housing in New Orleans, Baton Rouge and River Ridge, Louisiana. The Federal Home Loan Bank of Dallas is pleased to announce that more than $2.8 million was awarded via four Affordable Housing Program grants in U.S. Representative Troy Carter?s district to increase the supply of affordable housing stock for individuals and families in need.
Funds Will Support High-Quality Affordable Housing Development The Federal Home Loan Bank of Dallas is pleased to announce that an Affordable Housing Program grant has been awarded in U.S. Representative Mike Ezell?s district. This press release features multimedia.
Program Seeks to Build Pipeline of Diverse Housing Developers Across Illinois and Wisconsin The Federal Home Loan Bank of Chicago today opened its application for the 2024 Community First? Diverse Developer Initiative.
The Station Celebrates Grand Opening in Little Rock, Arkansas. The Federal Home Loan Bank of Dallas awarded Immerse Arkansas a $225,000 Affordable Housing Program grant through FHLB Dallas member Arvest Bank to build a homeless shelter for young adults in Little Rock, Arkansas. This press release features multimedia.
AM Best has released newly updated tables of net capital charges associated with a representative sample of 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.
The United Food and Commercial Workers International Union is urging regulators to reform the Federal Home Loan Bank System to address the housing crisis retail workers face. According to UFCW?s comment letter, Apollo Global Management is an example of how FHLBanks have strayed far from their housing mission.
Funds Will Be Used to Create Three Affordable Housing Projects to Serve Homeless Population The Federal Home Loan Bank of Dallas is pleased to announce that three Affordable Housing Program grants totaling $2.5 million have been awarded in U.S. Representative Lloyd Doggett?s district. This press release features multimedia. ?This is a welcome response to one of our community?s most pressing needs.
Funds Will Assist with Substantial Rehabilitation to Pattison, Mississippi, Housing Development The Federal Home Loan Bank of Dallas is pleased to announce that an Affordable Housing Program grant has been awarded in U.S. Representative Bennie Thompson?s district that will enable the Mississippi Regional Housing Authority No. VI to rehabilitate a vacant property into a vibrant affordable housin...
Just 29% of Families Who Completed the New FAFSA? Found it Easier to Complete Families reported spending $28,409 on college for academic year 2023-24 ? in line with $28,026 in 2022-23 ? and covered nearly half of expenses with income and savings, according to new data in ?How America Pays for College 2024,? the annual study from Sallie Mae and Ipsos, released today.
Funds Will Repurpose Several Historical Buildings and Add New Units in Waco, Texas. A $510,000 Affordable Housing Program grant from the Federal Home Loan Bank of Dallas, through its member Texas Capital, will help fund a 34-efficiency unit affordable housing development for veterans in Waco, Texas. This press release features multimedia.
South Delta Animal Rescue received a $15,000 donation from the Bank of Anguilla today during a ceremonial check presentation of CARE funds that were awarded by the Federal Home Loan Bank of Dallas. This press release features multimedia.
The Federal Home Loan Bank of Dallas today reported net income of $187.3 million for the quarter ended June 30, 2024. Total assets at June 30, 2024 were $126.2 billion, compared with $125.1 billion at March 31, 2024 and $128.3 billion at December 31, 2023. Advances totaled $75.2 billion at June 30, 2024, compared with $69.1 billion at March 31, 2024 and $80.0 billion at December 31, 2023.
Storm-Resistant Roofing in Hurricane-Prone Locations Gains Interior Foothold. A homeowner in Batesville, Arkansas, is the proud owner of a storm-resistant roof thanks to a $14,750 grant from the Federal Home Loan Bank of Dallas, awarded through its member Simmons Bank. This press release features multimedia.
The Federal Home Loan Bank of Pittsburgh announced today unaudited financial results for the second quarter and six months ended June 30, 2024. Financial Highlights: Credit Products Highlights: Community Investment Products Highlights: Statements of Income: FHLBank?s net income totaled $149.2 million for the second quarter of 2024, compared to $175.9 million for the second quarter of 2023.
Sallie Mae, formally SLM Corporation (SLM), today released second-quarter 2024 financial results. This press release features multimedia. Sallie Mae will host an earnings conference call today, July 24, 2024, at 5:30 p.m. ET. A replay of the webcast will be available via the company?s investor website approximately two hours after the call?s conclusion.
Sallie Mae?, formally SLM Corporation (SLM), today announced a 2024 third-quarter dividend on its Preferred Stock Series B of $1.8467034 per share. Both preferred stock and common stock dividends will be paid on Sept. 16, 2024, to the respective stockholders of record at the close of business on Sept. 5, 2024.
Increases commitment to over $180 million for affordable housing and community development for 2024 The Federal Home Loan Bank of Chicago today announced its preliminary and unaudited financial results for the second quarter of 2024.
KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2024-K756 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-756. The underlying transaction is collateralized by 30 fixed-rate multifamily mortgage loans.
Pilot Program Will Amplify Affordable Housing and Economic Development Investment in Illinois and Wisconsin. The Federal Home Loan Bank of Chicago is providing $50 million in interest rate subsidies to help expand affordable housing, economic development, and community partnerships in Illinois and Wisconsin through its new Community Impact Advance Pilot Program.
KBRA releases research examining historical VantageScore 4.0 data published today by government-sponsored entities Fannie Mae and Freddie Mac. The report includes: Click here to view the report. Related Publications About KBRA KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada. Doc ID: 1005083.
Webcast Scheduled for Wednesday, July 24, at 5:30 p.m. ET Sallie Mae?, formally SLM Corporation (SLM), will release second-quarter 2024 financial results after market close on Wednesday, July 24, 2024. A live audio webcast and presentation slides will be available at SallieMae.com/investors and the hosting website on Wednesday, July 24, 2024, at 5:30 p.m. ET.
Expanded Mortgage Collateral Option Gives Member Financial Institutions Additional Resource to Originate Loans to More Diverse and Creditworthy Homebuyers. The Federal Home Loan Bank of Chicago and VantageScore announced today that member financial institutions can now pledge mortgage collateral using VantageScore credit scores as an alternative to the classic FICO credit score model.
Funds Will Assist Four Projects Fulfilling the Need for Affordable Housing Across Population Segments The Federal Home Loan Bank of Dallas is pleased to award $2 million in Affordable Housing Program grants in U.S. Representative French Hill?s district to increase the supply of affordable housing stock for individuals and families in need. This press release features multimedia.
KBRA releases the June 2024 issue of CMBS Trend Watch. A total of 12 deals comprising $7.7 billion of CMBS issuance priced in June, representing a year-over-year increase of 119%. Year-to-date, CMBS issuance has reached $43.7 billion, which is already 11.2% higher than full-year 2023 levels. In June, KBRA published pre-sales for five deals including four conduits and one single borrower.
PennyMac Mortgage Investment Trust (PMT) announced today the pricing of a private offering of secured term notes in an aggregate principal amount of $355 million issued by the Company?s indirect subsidiary, PMT ISSUER TRUST ? FMSR.
CalHFA Executive Director joins other national housing leaders on the Federal Housing Finance Agency?s Advisory Committee on Affordable, Equitable and Sustainable Housing The Federal Housing Finance Agency has selected California Housing Finance Agency Executive Director Tiena Johnson Hall as one of 20 national housing thought leaders to serve on the organization?s inaugural Advisory Committee ...
NewPoint Real Estate Capital has provided $22.3 million in Freddie Mac Workforce Housing Preservation financing to NOVO Properties to refinance Tudor Place Apartments and Canonbury Square Apartments ? neighboring garden-style multifamily communities located in Takoma Park, MD. The refinancing was originated by Martin Fayer, Senior Managing Director at NewPoint.
The University District Development Corp. received a $15,000 donation from Arvest Bank today during a ceremonial check presentation of CARE Award funds that were awarded through the Federal Home Loan Bank of Dallas. This press release features multimedia.
Oak Lawn Place to Provide Housing for People 55 and Older. Federal Housing Finance Agency Director Sandra Thompson joined officials from the Federal Home Loan Bank of Dallas today to tour Oak Lawn Place, a new affordable housing development in Dallas, Texas, that received a $750,000 FHLB Dallas Affordable Housing Program grant. This press release features multimedia.
***12:20 p.m., Tuesday, June 25, 5723 Sadler Circle, Dallas, Texas, 75235*** Federal Housing Finance Agency Director Sandra Thompson will join officials from the Federal Home Loan Bank of Dallas to tour Oak Lawn Place, a new affordable housing development serving the aging LGBTQIA+ population in Dallas, Texas. Director Thompson will be available for media interviews following the tour.
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