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.
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.
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.
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...
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.
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.
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.
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.
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 SallieMae.com/investors. Sallie Mae believes education and life-long learning, in all forms, help people achieve great things.
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.
Sallie Mae?, formally SLM Corporation (SLM), today announced its 2023 annual meeting of stockholders will take place on June 20, 2023 at 1 p.m. ET. Additional details will be included in the company?s proxy statement to be filed with the Securities and Exchange Commission in late April. Sallie Mae believes education and life-long learning, in all forms, help people achieve great things.
Senior Living Community Receives $750K Subsidy. Representatives from Red River Bank and the Federal Home Loan Bank of Dallas joined Gulf Coast Housing Partnership and the East Baton Rouge Council on Aging at the grand opening of The Lotus Village Senior Living Community. This press release features multimedia.
UFCW International Union presents case of Apollo-owned Athene Annuity & Life in ?FHLBank System at 100? Mission Review United Food and Commercial Workers International Union submitted public comments to the Federal Home Loan Bank System, which is conducting a 100-year mission review and holding a regional roundtable today in Los Angeles, California.
Red River Bank and FHLB Dallas Provide Funds to First-Time Homebuyer. U.S. Marine Corps veteran Lisa Doxey and her two sons have a new place to call home thanks to a $10,000 Housing Assistance for Veterans grant from Red River Bank and the Federal Home Loan Bank of Dallas. This press release features multimedia.
High School and Graduate Students can Apply Now for Scholarships Collectively Worth up to $350,000 The Sallie Mae Fund, the charitable arm of Sallie Mae ? in partnership with Thurgood Marshall College Fund, is now accepting applications for two college scholarship programs to help students with financial need, or those from underserved communities, access higher education: This press release fe...
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.
Kroll Bond Rating Agency, LLC is pleased to announce that Freddie Mac added KBRA to the list of eligible rating providers effective January 1, 2023. For more information on KBRA Insurance financial ratings visit insurance.kbra.com. The Freddie Mac bulletin announcing this inclusion may be viewed here.
***11:30 a.m., Friday, February 3, 4813 General Scott Place, Bossier City, Louisiana 71112*** Red River Bank and the Federal Home Loan Bank of Dallas will present a military veteran with a $10,000 Housing Assistance for Veterans grant.
Fourth-Quarter GAAP Net Loss Attributable to Common Stock of $81 Million, $0.33 Loss Per Share; Full-Year 2022 GAAP Net Income Attributable to Common Stock of $460 Million, $1.76 Per Diluted Share Impacting Earnings Per Share for the Fourth-Quarter and Full-Year 2022 Were the Fourth-Quarter Provision for Credit Losses of $297 Million and the Write Down of $60 Million of the Value of an Investme...
Sallie Mae? today announced Chief Financial Officer Steve McGarry will speak at the Credit Suisse Financial Services Forum on Tuesday, Feb. 14, at 8:35 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. Category: Corporate and Financial.
$18 Billion in Loan Deliveries Walker & Dunlop, Inc. (WD) was recognized as the largest Fannie Mae DUS? lender by volume in 2022, making it Fannie Mae?s #1 partner for the fourth consecutive year. On a combined basis, with both Fannie Mae and Freddie Mac, Walker & Dunlop (WD) delivered $18 billion of loan deliveries, making it the largest GSE lender in the country for the first time ever.
The Federal Home Loan Bank of Dallas is pleased to announce the appointment of David Long to its Affordable Housing Advisory Council and the reappointment of four current Advisory Council members. This press release features multimedia.
Sallie Mae?, formally SLM Corporation (SLM), today announced a 2023 first-quarter dividend on its Preferred Stock Series B of $1.6090725 per share. Both preferred stock and common stock dividends will be paid on March 15, 2023, to the respective stockholders of record at the close of business on March 3, 2023.
Affordable Housing Development to Receive Extensive Upgrades. The First Bank and the Federal Home Loan Bank of Dallas awarded a $750,000 Affordable Housing Program subsidy to Central Mississippi Housing and Development Corp. for an extensive $3.9 million renovation of the 64-unit Canton Manor, a 1980s-era affordable housing apartment complex in Canton, Mississippi.
Webcast and Conference Call Scheduled for Thursday, Feb 2, at 8 a.m. ET Sallie Mae? will release fourth-quarter and full-year 2022 financial results after market close on Wednesday, Feb. 1, 2023. A live audio webcast and presentation slides will be available at SallieMae.com/investors and the hosting website on Thursday, Feb. 2, 2023, at 8 a.m. ET.
Exec who made digital mortgage originations mainstream from top GSE and fintech posts will now oversee modernization of $13T mortgage servicing sector Sagent, a Warburg Pincus-backed fintech software company modernizing mortgage servicing for banks and lenders, today appointed Marianne Sullivan as Chief Operating Officer to accelerate development of the industry?s first and only cloud-native so...
Palmer?s Previous Service as the Company?s Chief Risk Officer is Expected to Further Strengthen Credit Operations Sallie Mae?, formally SLM Corporation (SLM), has named Kerri Palmer Chief Operational Officer, and President of Sallie Mae Bank.
KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2023-K153 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-153. The underlying transaction is collateralized by 43 fixed-rate multifamily mortgage loans.
KBRA assigns preliminary ratings to 62 classes from Connecticut Avenue Securities, Series 2023-R01, a credit risk sharing transaction with a total note offering of $730,749,000. The Reference Pool consists of 67,693 residential mortgage loans with an outstanding principal balance of approximately $22.6 billion as of the cut-off date.
KBRA releases the December 2022 issue of CMBS Trend Watch. U.S. CMBS private label issuance began to slow in second-quarter 2022 following a strong start to the year, owing to higher interest rates and uncertainty regarding future Federal Reserve actions.
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.
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