WASHINGTON, Jan. 27, 2023 Fannie Mae's December 2022 Monthly Summary is now available. Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America. Fannie Mae Newsroomhttps://www.fanniemae.com/newsroom.
Fannie Mae's Multifamily Financing Provided Continued Support for Affordable Housing and Other Market Segments WASHINGTON, Jan. 27, 2023 /PRNewswire/ -- Fannie Mae?provided more than $69 billion in debt financing to support the multifamily market in 2022.
AUSTIN, Texas, Jan. 25, 2023 ?Newmark (NMRK) announces it has secured a $400 million Tenant Advancement Commitment?on behalf of borrower Comunidad Partners, a vertically integrated real estate investment firm specializing in workforce and affordable housing in culturally diverse communities throughout the U.S. Newmark Vice Chairman and Head of Workforce Housing Anthony Tarter?represented the borrower ...
Elevated Mortgage Rates and Home Prices Expected to Continue to Limit Housing Activity WASHINGTON, Jan. 20, 2023 Despite ending the year on a stronger-than-anticipated footing, the economy is still expected to slip into a modest recession beginning in the first half of 2023, according to the January 2023 commentary from the Fannie Mae Economic and Strategic Research Group.
FHLB's popular down payment assistance program will be offered February 6 and July 6 CINCINNATI, Jan. 18, 2023 /PRNewswire/ -- The Federal Home Loan Bank of Cincinnati's Welcome Home Program will be offered twice in 2023 and will open at 8:00 a.m. ET on February 6 and July 6, 2023.
Nationwide Competition Drew Innovative, Scalable Solutions to Remove Barriers in the Home Renting and Buying Experience WASHINGTON, Jan. 18, 2023 /PRNewswire/ -- Fannie Mae today announced the selection of five organizations to receive deliverable-based contracts under the Sustainable Communities Innovation Challenge, a nationwide competition to help advance racial equity in housing.
WASHINGTON, Jan. 13, 2023 Fannie Mae?today reminded the market, as announced on December 22, 2022, that it will transition its legacy LIBOR loans and securities to the SOFR-indexed benchmark replacements recommended by the Federal Reserve Board.
WASHINGTON, Jan. 12, 2023 Fannie Mae priced Connecticut Avenue Securities? Series 2023-R01, an approximately $731 million note offering that represents Fannie Mae's first CAS REMIC? transaction of the year. The reference pool for CAS Series 2023-R01 consists of approximately 68,000 single-family mortgage loans with an outstanding unpaid principal balance of approximately $22.6 billion.
HPSI Inched Upward in December but Remains Well Below Pre-Pandemic Highs WASHINGTON, January 9, 2023 The Fannie Mae Home Purchase Sentiment Index? increased 3.7 points in December to 61.0, but the index remains only slightly above its all-time low set in October.
MOUNTLAKE TERRACE, Wash. David has over 25 years' experience in the housing industry. "David has spent a significant amount of time working directly with Fannie Mae and other industry groups to improve financing options for manufactured home buyers." said Donn Costa, Executive Vice President of Home Lending.
WASHINGTON, Dec. 28, 2022 Fannie Mae's??November 2022 Monthly Summary is now available. Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America. Fannie Mae Newsroomhttps://www.fanniemae.com/newsroom.
UNIONDALE, N.Y., Dec. 23, 2022 ?Arbor Realty Trust (ABR), Inc., a leading multifamily and commercial mortgage lender, recently co-funded one of the largest Fannie Mae Structured Adjustable-Rate Mortgage loans of 2022 in support of New York-based Emerald Empire's acquisition of Pangea Properties' Chicago portfolio. The deal was primarily financed by Arbor Realty Trust.
WASHINGTON, Dec. 22, 2022 Fannie Mae today announced the replacement indices for the legacy LIBOR loans and securities for which Fannie Mae is responsible for selecting the replacement index. This announcement follows the Federal Reserve Board's publication of the final rule pursuant to the Adjustable Interest Rate Act of 2021.
Locks in competitive interest rate amid a volatile market BETHESDA, Md., Dec. 21, 2022 Eastern Union, one of the country's largest commercial real estate finance companies, has arranged the $39,723,000 refinancing of Washington & Lee Apartments, a 369-unit multifamily complex in Arlington, VA. The Fannie Mae financing was secured by managing director David Merkin of Eastern Union's Mid-Atlanti...
The Home Gallery offers the Fannie Mae MH Advantage, allowing consumers to buy the home they want without breaking the bank. MALIBU, Calif. The MH Advantage is a mortgage loan for a new generation of manufactured homes.
MINNEAPOLIS, Dec. 15, 2022 Rice Park Capital Management LP, a Minneapolis-based investment firm, is pleased to announce that its subsidiary, Nexus Nova LLC,has been ranked a top 50 GSE MBS servicer for the third quarter of 2022.
WASHINGTON, Dec. 12, 2022 ?Fannie Mae today announced the results of its fixed-price cash tender offers for any and all of certain Connecticut Avenue Securities? Notes listed in the table below upon the terms and subject to the conditions set forth in the Offer to Purchase and related Notice of Guaranteed Delivery, each dated as of December 5, 2022.
Fannie Mae Completes CAS Issuance for 2022 WASHINGTON, Dec. 7, 2022 Fannie Mae announced today its 2023 Connecticut Avenue Securities? Issuance Calendar as part of its efforts to ensure transparency in the market.
HPSI Breaks Consecutive-Decline Streak but Remains Just Above All-Time Low WASHINGTON, Dec. 7, 2022 The Fannie Mae Home Purchase Sentiment Index? increased 0.6 points in November to 57.3, its first increase in nine months, though it remains just above the all-time low set last month and significantly lower than its level at this time last year.
ST. PETERSBURG, Fla. "We are beyond thrilled to announce the closing of our long-term financing facility with Freddie Mac," said Patrick Richard, CEO of Stoneweg US. To date, Stoneweg US has completed $125 million in transactions through the facility with more than 75% of the unpaid principal balance supporting units affordable for residents earning 80% of Area Median Income or less.
Updates enhance the underwriting process to support loans where no borrower has?a credit score WASHINGTON, Dec. 6, 2022 /PRNewswire/ --?Fannie Mae, today announced innovative enhancements to its automated underwriting system designed to responsibly expand eligibility and further simplify the borrowing process for loans where homebuyers do not have a credit score.
WASHINGTON, Dec. 5, 2022 Fannie Mae?today announced that it has commenced fixed-price cash tender offers for the purchase of any and all of the Connecticut Avenue Securities? Notes listed below, upon the terms and subject to the conditions set forth in the Offer to Purchase and related Notice of Guaranteed Delivery, each dated as of December 5, 2022.
DALLAS, Dec. 1, 2022 NexPoint Residential Trust, Inc. (NXRT) announced today the closing of 18-property mortgage refinancings through KeyBank Real Estate Capital and The Federal Home Loan Mortgage Corporation. Holistically, these refinancings are expected to reduce NXRT's weighted average interest rate on total debt by 12 bps to 5.35%, before the impact of interest rate swap contracts.
WASHINGTON, Nov. 30, 2022 Fannie Mae's October 2022 Monthly Summary is now available. Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America. Fannie Mae Newsroomhttps://www.fanniemae.com/newsroom.
LOS ANGELES, Nov. 29, 2022 The CALIFORNIA ASSOCIATION OF REALTORS? today issued the following statement in response to the Federal Housing Finance Agency's announcement to increase the 2023 conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac to $726,200 on one-unit properties and a cap of $1,089,300 in high-cost areas.
NEW YORK, Nov. 23, 2022 The Federal Home Loan Bank of New York announced today the results of the 2022 election for three positions on the FHLBNY's Board of Directors whose terms will each commence on January 1, 2023.
Nearly $12.1 million in Affordable Housing Program subsidy will benefit affordable housing development in Kentucky, Ohio, Tennessee and beyond CINCINNATI, Nov. 22, 2022 /PRNewswire/ -- Federal Home Loan Bank of Cincinnati President and CEO Andrew S. Howell announced the winners of 48 Affordable Housing Program grants totaling nearly $12.1 million.
-2022 round of grants will support projects that will create, rehabilitate or preserve 1,732 units- NEW YORK, Nov. 21, 2022 /PRNewswire/ -- Jos? R. Gonz?lez, president and CEO of the Federal Home Loan Bank of New York, announced that the FHLBNY has awarded $25.3 million in subsidies to fund 30 affordable housing initiatives throughout New Jersey, New York, Connecticut, Pennsylvania and Texas.
NORFOLK, Va., Nov. 21, 2022 ?Harbor Group International, LLC, a privately owned international real estate investment and management firm, today announced that it has completed the $153 million securitization of eight multifamily mortgage loans through Freddie Mac's Q Series Securitization program.
NEW YORK, Nov. 18, 2022 The Federal Home Loan Bank of New York announced today that Larry E. Thompson has been re-elected by its Board of Directors to serve as the Board's vice chairman for a two-year term commencing January 1, 2023.
NEW YORK, Nov. 17, 2022 The Federal Home Loan Bank of New York is pleased to announce that, on November 17, 2022, its Board of Directors approved a dividend for the third quarter of 2022 of 6.75%.? The dollar amount of the dividend will be approximately $87.3 million. The cash dividend will be distributed to member financial institutions on November 18, 2022.
New Disclosures to Provide View into Socially Oriented Lending Activities WASHINGTON, Nov. 16, 2022 Fannie Mae today launched new social disclosures, the Social Criteria Share and the Social Density Score, for its Single-Family mortgage-backed securities.
WASHINGTON, Nov. 8, 2022 Fannie Mae today reported its third quarter 2022 financial results and filed its third quarter 2022 Form 10-Q with the Securities and Exchange Commission. Fannie Mae will host a conference call to discuss the company's results today at 8:00 a.m., ET. Participants may join the conference call in listen-only mode via the webcast link below.
The Minority- and Women-Owned Business Advances Fannie Mae's Commitment to Diversity and Inclusion WASHINGTON, Nov. 7, 2022 /PRNewswire/ -- Fannie Mae today announced the addition of Basis Multifamily Finance I, LLC, a subsidiary of Basis Investment Group, LLC, a national commercial real estate investment platform, to its network of approved Multifamily Delegated Underwriting and Servicing lend...
Only 16% of Consumers Report Now is a Good Time to Buy a Home WASHINGTON, Nov. 7, 2022 The Fannie Mae Home Purchase Sentiment Index? decreased 4.1 points in October to 56.7, its eighth consecutive monthly decline and lowest reading since the inception of the index in 2011.
Company to Host Conference Call WASHINGTON, Nov. 4, 2022 Fannie Mae today announced plans to report its third quarter 2022 financial results on Tuesday morning, November 8, 2022, before the opening of U.S. financial markets. Fannie Mae has scheduled a conference call to discuss the company's results at 8:00 a.m., ET, on November 8, 2022.
WASHINGTON, Nov. 3, 2022 ?Fannie Mae priced a $392 million Multifamily Social DUS? REMIC under its Fannie Mae Guaranteed Multifamily Structures program on October 27, 2022. FNA 2022-M2S marks the eighth Fannie Mae GeMS issuance of 2022. "We wrapped up October with the M2S, our second social GeMS of 2022," said Dan Dresser, Senior Vice President, Multifamily Capital Markets and Pricing, Fannie Mae.
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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