Pershing Square Capital Management, L.P. will host an X Live broadcast on Thursday, January 16, 2025, at 9:00 AM EST. The broadcast can be accessed here: https://x.com/i/broadcasts/1vOxwrjeZgbJB About Pershing Square Capital Management, L.P. Pershing Square Capital Management, L.P., based in New York City, is an SEC-registered investment advisor to investment funds.
Funds Will Help Families Dealing with Chronic Poverty. The Federal Home Loan Bank of Dallas, Origin Bank and Century Next Bank awarded $60,000 in Partnership Grant Program funding to Zion Traveler Community Development Corporation to assist the nonprofit with expenses including rental, utility and food assistance for families dealing with chronic poverty. This press release features multimedia.
Three Additional Leaders Reappointed for Housing and Economic Development Guidance. The Federal Home Loan Bank of Chicago is pleased to announce the appointment of Fern Orie, CEO of the Wisconsin Indigenous Housing and Economic Development Corporation, to its Community Investment Advisory Council for a three-year term. This press release features multimedia.
Mr. Greig Brings Decades of Experience in Financial Services, Risk Management, Strategy, and Operations to the Board Sallie Mae?, formally SLM Corporation (SLM), today announced the appointment of Henry Greig to its board of directors, effective January 12, 2025. Mr. Greig brings decades of industry experience in financial services, risk management, strategy, and operations to the Board.
Webcast Scheduled for Thursday, Jan. 23, at 5:30 p.m. ET Sallie Mae?, formally SLM Corporation (SLM), will release fourth-quarter and full-year 2024 financial results after market close on Thursday, Jan. 23, 2025. A live audio webcast and presentation slides will be available at SallieMae.com/investors and the hosting website. Investors should log in at least 15 minutes prior to the broadcast.
KBRA assigns preliminary ratings to 24 classes from Freddie Mac Structured Agency Credit Risk REMIC 2025-DNA1 Notes, Freddie Mac STACR REMIC Trust 2025-DNA1, a credit risk sharing transaction with a total note offering of $675,500,000.
KBRA releases a report on payoff rates of 2024 loan maturities in U.S. commercial mortgage-backed securities. This KBRA report highlights the refinancing experience of $56.2 billion in loans from conduit and single-asset single borrower CMBS transactions that matured in 2024.
KBRA releases the December 2024 issue of CMBS Trend Watch. U.S. CMBS ended the year on a high note, as issuance exceeded $100 billion?a level experienced only once since the global financial crisis. In December, KBRA published pre-sales for five deals including three conduits, one SB, and one Agency. The Spotlight section reviews the rating transitions that occurred in 2024.
Completes purchase of recently built senior living community in Cincinnati for $16.3 million with favorable financing terms Brings total 2024 acquired properties to 20 and total operating portfolio to 94 communities Completes previously disclosed Fannie Mae loan modification extending maturities on $220 million of mortgage loans from December 2026 to January 2029 DALLAS---- Sonida Senior Living...
KBRA releases a report on U.S. commercial mortgage-backed securities loan performance trends observed in the December 2024 servicer reporting period. Notably, while most sectors experienced an increase in their delinquency and distress rates over the past year, office and multifamily saw the biggest increases.
Impact-Resistant Roofing Gains Traction in Hurricane-Prone Areas. A homeowner in New Orleans, Louisiana, is the proud owner of a storm-resistant roof thanks to a $14,653 grant from the Federal Home Loan Bank of Dallas, awarded through its member Gulf Coast Bank & Trust.
In response to the challenges faced by small businesses impacted by flooding and wildfires in New Mexico, the Federal Home Loan Bank of Dallas is offering $1 million in grants through the Small Business Recovery Grant program to support recovery efforts in affected counties.
The pace of insurance borrowings from the Federal Home Loan Bank slowed last year following a spike when many U.S. life/annuity insurance companies took advantage of the lower cost of borrowing to capitalize on high interest rates and new money yields, according to a new AM Best report.
Mr. Cooper Group Inc. (COOP) announced today the appointment of Andrew Bon Salle to its board of directors, effective January 1, 2025. This press release features multimedia. Bon Salle brings more than 30 years of experience in capital markets, risk management, securitization and mortgage policy leadership within the home lending sector.
Funds to Promote Economic and Artistic Development. The Federal Home Loan Bank of Dallas, along with Community 1st Bank, provided $9,000 in Partnership Grant Program funding to the Las Vegas Arts Council to promote economic and artistic development in Las Vegas, New Mexico. This press release features multimedia.
Funds to Help Organizations Prevent or Remediate Property Title Issues. The Federal Home Loan Bank of Dallas has awarded $2 million in Heirs? Property Program grants to assist 33 organizations in Arkansas, Mississippi, Louisiana and Texas to help prevent or remediate heirs? property issues.
The Federal Home Loan Bank of Pittsburgh, in conjunction with its housing finance agency partners, announced that $8.447 million in Home4Good grants have been awarded this year to support 95 programs in Delaware, Pennsylvania and West Virginia in the fight against homelessness.
KBRA releases the November 2024 issue of CMBS Trend Watch. CMBS new issuance continued at a steady pace in November and is on track to pierce $100 billion, a level only experienced once since the global financial crisis. In November, KBRA published pre-sales for three deals including two conduits and one Agency.
Funds Help Nonprofits Ramp Up Education and Services. The Federal Home Loan Bank of Dallas and Stellar Bank awarded $85,000 in Partnership Grant Program funding to support three Houston, Texas-based community development organizations ? the Community Development Corporation of Freedmens Town, Houston Real Estate Association CDC and Credit Coalition. This press release features multimedia.
Valon Mortgage today announced that it has received approval as a Ginnie Mae Issuer, marking a significant milestone in the company?s journey. With its prior approvals from Fannie Mae, Freddie Mac, FHA, VA, and USDA, Valon is now positioned to expand its capabilities and build a comprehensive solution for the entire mortgage market.
KBRA releases a report on U.S. commercial mortgage-backed securities loan performance trends observed in the November 2024 servicer reporting period. In November, CMBS loans totaling $2.1 billion were newly added to the distress rate, of which 51.4% were due to imminent or actual maturity default.
KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2024-K167 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-167. The underlying transaction is collateralized by 48 fixed-rate multifamily mortgage loans.
Grants Provided Through FHLB Dallas? Partnership Grant Program. Representatives from the Federal Home Loan Bank of Dallas and eight of its members awarded $283,000 in grants to eight nonprofits in DFW. This press release features multimedia.
Funds to Assist Preservation of Affordable Housing and Community Education. Representatives from the Federal Home Loan Bank of Dallas and Centinel Bank of Taos awarded $30,000 in Partnership Grant Program funding to the Taos Housing Partnership to promote economic development in Taos, New Mexico. This press release features multimedia.
Funds Will Assist Residents and Areas Impacted by Natural Disaster in Chaves County The Federal Home Loan Bank of Dallas has provided a $250,000 charitable donation to Community Foundation of Southern New Mexico to assist with recovery from flooding in Roswell, New Mexico.
Schwab Asset Management?, the asset management arm of The Charles Schwab Corporation (SCHW), announced the Schwab Mortgage-Backed Securities ETF (SMBS) began trading today. With an expense ratio of 0.03%, the Schwab Mortgage-Backed Securities ETF (SMBS) is priced in line with the lowest-priced peer ETFs based on the U.S. Mortgage Lipper category1.
More than 700 small businesses receive support through grants and discounted lending programs in 2024. In recognition of Small Business Saturday on November 30, the Federal Home Loan Bank of Chicago today announced it has invested over $27 million through its Community First? Accelerate Grants for Small Business and its Community Small Business Advance throughout 2024.
Grants Will Be Used to Educate Homeowners and Transform Damaged Properties. Representatives from the Federal Home Loan Bank of Dallas joined Veritex Community Bank to award $12,500 in Partnership Grant Program funding to Credit Coalition and $21,000 to the Houston Land Bank Fund to help promote economic development in Houston, Texas. This press release features multimedia.
Dwight Mortgage Trust is pleased to announce the successful completion of the largest multifamily mortgage loan securitization through Freddie Mac?s Q-Series program in the last two years.
KBRA releases research analyzing multifamily distress across CMBS conduits and Freddie Mac securitizations. The fixed rate conduit and FM K-series product are generally stabilized properties and do not face interest rate pressures during their term. Key Observations Click here to view the report.
KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2024-K758 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-758. The underlying transaction is collateralized by 26 fixed-rate multifamily mortgage loans.
64% of Families Used Scholarships to Cover Education Costs in AY 2023-2024 But Misconceptions about Eligibility and Availability Persist November is National Scholarship Month, an ideal time for students and families to explore scholarship opportunities. This press release features multimedia.
Schwab Asset Management?, the asset management arm of The Charles Schwab Corporation (SCHW), today announced the launch of the Schwab Mortgage-Backed Securities ETF. With an expense ratio of 0.03%, the Schwab Mortgage-Backed Securities ETF is priced in line with the lowest-priced peer ETFs based on the U.S. Mortgage Lipper category1.
The Bridging the Dream Scholarship for High School Seniors Provides $10,000 to Students from Under-resourced and Underrepresented Communities In celebration of National Scholarship Month, Sallie Mae today announced the newest recipients of its Bridging the Dream Scholarship.
New Windows and Doors Offer Increased Security. Retired Army E-4 Specialist Danielle Costly is feeling safe and secure in her home with the help of a $20,000 Housing Assistance for Veterans grant from the Federal Home Loan Bank of Dallas, through its member Gulf Coast Bank & Trust. This press release features multimedia.
Recipients receive up to $2 million to support the development of over 1,300 housing units The Federal Home Loan Bank of Chicago announced it has awarded over $47 million through its 2024 Affordable Housing Program General Fund round to help finance 35 housing projects located primarily in Illinois and Wisconsin. This press release features multimedia.
The Funding Will Create or Rehabilitate 3,571 Housing Units. The Federal Home Loan Bank of Dallas is pleased to announce that it has awarded $78.9 million in Affordable Housing Program grants to 41 projects in its five-state District of Arkansas, Louisiana, Mississippi, New Mexico and Texas.
The Federal Home Loan Bank of Dallas today reported net income of $184.4 million for the quarter ended September 30, 2024. Total assets at September 30, 2024 were $124.9 billion, compared with $126.2 billion at June 30, 2024 and $128.3 billion at December 31, 2023.
KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2024-K165 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-165. The underlying transaction is collateralized by 49 fixed-rate multifamily mortgage loans.
Development Features a Master-Planned Community with Support Services in Austin, Texas. Representatives from the Federal Home Loan Bank of Dallas, through its member Frost Bank, awarded $1.5 million in Affordable Housing Program grants to Mobile Loaves & Fishes, a Christian social outreach ministry in Austin, Texas. This press release features multimedia. Community First!
Global analytics software leader, FICO, has announced that Atlantic Bay Mortgage Group is the latest to adopt FICO ? Score 10 T, FICO?s newest, most powerful and predictive score, for its mortgages not sold to Fannie Mae or Freddie Mac. FICO? Score 10 T incorporates trended credit bureau data to reflect consumer credit utilization over time, rather than at a single point in time.
The Federal Home Loan Bank of Pittsburgh announced today unaudited financial results for the third quarter and nine months ended September 30, 2024. Financial Highlights: Credit Products Highlights: Community Investment Products Highlights: Statements of Income FHLBank?s net income totaled $134.4 million for the third quarter of 2024, compared to $156.1 million for the third quarter of 2023.
Sallie Mae, formally SLM Corporation (SLM), today released third-quarter 2024 financial results. This press release features multimedia. Sallie Mae also announced an increase to its 2024 fourth-quarter dividend on its common stock from $0.11 to $0.13 per share. Sallie Mae will host an earnings conference call today, Oct. 23, 2024, at 5:30 p.m. ET.
Combines longstanding programs with new initiatives to expand support for affordable housing and community investment needs The Federal Home Loan Bank of Chicago today announced its preliminary and unaudited financial results for the third quarter of 2024.
KBRA releases research analyzing the magnitude and change in distress rates by property type nationally and across the largest 20 metropolitan statistical areas in U.S. private-label CMBS 2.0 between September 2023 and September 2024.
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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