WASHINGTON, Oct. 15, 2021 ?Global supply constraints continue to cap economic output amid growing inflationary and consumer-spending concerns, according to the October 2021 commentary from the Fannie Mae? Economic and Strategic Research Group.
ANN ARBOR, Mich. Phil Shoemaker, President of Originations at Homepoint. Homepoint's expansion of its conforming loan limit, which applies to single-family properties in the continental United States, and requires full appraisals, precedes any official announcement of the 2022 baseline national conforming loan limit by the Federal Housing Finance Agency.
WASHINGTON, Oct. 7, 2021 ?Fannie Mae (FNMA) today began marketing its twenty-third sale of reperforming loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio. The sale consists of approximately 18,800 loans, having an unpaid principal balance of approximately $2.9 billion, and is available for purchase by qualified bidders.
WASHINGTON, Oct. 7, 2021 ?The Fannie Mae Home Purchase Sentiment Index? decreased 1.2 points to 74.5 in September, as survey respondents continued to report divergent opinions of homebuying and home-selling conditions.
WASHINGTON, Sept. 30, 2021 ?Fannie Mae's? August 2021 Monthly Summary is now available. About Fannie MaeFannie Mae (FNMA) helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of people in America. View original content:https://www.prnewswire.com/news-releases/fannie-mae-releases-august-2021-monthly-summary-301389215.html. SOURCE Fannie Mae.
NEW YORK, Sept. 29, 2021 ?Lument has provided a $14.5 million Freddie Mac conventional loan to refinance 800-830 Empire Boulevard, a 35-unit mid-rise multifamily property in Brooklyn, New York. Kristian Molloy, associate director at Lument, led the transaction.
WASHINGTON, Sept. 24, 2021 Fannie Mae? today announced its multifamily COVID-19 forbearance program has been extended indefinitely to provide continued support for Fannie Mae-financed multifamily property owners and renters in multifamily units experiencing financial difficulties due to COVID-19.
WASHINGTON ?Fannie Mae (FNMA) priced a $796 million Green Multifamily DUS? REMIC under its Fannie Mae Guaranteed Multifamily Structures program on September 21, 2021. FNA 2021-M3G marks the tenth Fannie Mae GeMS issuance of 2021.
WASHINGTON, Sept. 20, 2021 Fannie Mae (FNMA) today announced its intention to enter into new credit risk transfer transactions in the fourth quarter of 2021. For additional details about potential CRT issuance plans, visit Credit Risk Transfer Update Frequently Asked Questions. For additional information on Fannie Mae's CRT programs, visit: https://capitalmarkets.fanniemae.com/credit-risk-transfer.
WASHINGTON, Sept. 20, 2021 For the second month in a row expectations for near-term real GDP growth were revised downward ? and outward ? due to persistent supply chain disruptions and labor market tightness, according to the September 2021 commentary from the Fannie Mae Economic and Strategic Research Group. Supply constraints also continue to impede the housing market.
WASHINGTON, Sept. 14, 2021 Fannie Mae (FNMA) priced a $210 million Multifamily DUS? REMIC under its Fannie Mae Guaranteed Multifamily Structures program on September 10, 2021. FNA 2021-M18 marks the ninth Fannie Mae GeMS issuance of 2021.
WASHINGTON ?Fannie Mae (FNMA) today announced its latest sale of non-performing loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio, including the company's eighteenth Community Impact Pool.
NEW YORK, Sept. 7, 2021 Lument has provided a $34.9 million Fannie Mae DUS? conventional multifamily loan to refinance Parc Vista, a 212-unit garden-style apartment community in Hialeah, Florida that was completed in 2021. The experienced sponsor is a repeat client of both Lument and Fannie Mae.
NEW YORK, Sept. 7, 2021 ?Institutional investors are now able to accept Agency Mortgage-Backed Securities as collateral on overnight cleared repo transactions via Fixed Income Clearing Corporation's new Sponsored General Collateral Service through BNY Mellon's market-leading sponsored member program.
WASHINGTON, Sept. 7, 2021 ?The Fannie Mae Home Purchase Sentiment Index? was largely unchanged in August, decreasing 0.1 points to 75.7, as survey respondents tempered both their recent pessimism about homebuying conditions and their upward expectations of home price growth.
LEHI, Utah, Sept. 2, 2021 ?SimpleNexus, developer of the leading homeownership?platform for loan officers, borrowers, real estate agents and settlement agents, is now a Fannie Mae- and Freddie Mac-reviewed eClosing solution provider. eMortages are faster, offer improved data quality and can be cheaper to execute than traditional mortgages.
WASHINGTON, Sept. 1, 2021 Fannie Mae (FNMA) announced today it has increased its capital for investment in low-income housing tax credit activities as part of its ongoing effort to provide a reliable source of capital for affordable rental housing, especially in underserved markets.
WASHINGTON, Aug. 31, 2021 Fannie Mae's? July 2021 Monthly Summary is now available. About Fannie MaeFannie Mae (FNMA) helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of people in America. fanniemae.com | Twitter | Facebook | LinkedIn | Instagram | YouTube | Blog.
WASHINGTON, Aug. 30, 2021 Fannie Mae (FNMA) is reminding those impacted by Hurricane Ida of available mortgage assistance and disaster relief options. In addition, homeowners currently on a COVID-19-related forbearance plan who are subsequently impacted by the storm should contact their mortgage servicer to discuss options.
TUSTIN, Calif. Freddie Mac and Fannie Mae have adopted a new refinance option for loans to borrowers with incomes at or below 80% of area median income and you may be eligible to take advantage of this program. New American Funding is now offering Freddie Mac's Refi PossibleSM program. Homeowners are also eligible to receive $500 credit for towards an appraisal if one is obtained.
NEW YORK, Aug. 19, 2021 ?The Federal Home Loan Bank of New York is pleased to announce that, on August 19, 2021, its Board of Directors approved a dividend for the second quarter of 2021 of 4.60%. The dollar amount of the dividend will be approximately $59.5 million. The cash dividend will be distributed to member financial institutions on August 20, 2021.
WASHINGTON, Aug. 19, 2021 The full-year 2021 real GDP growth forecast was revised modestly downward due in part to the expectation that COVID-related disruptions to consumer spending and supply chains will more greatly hinder economic activity in the second half of the year than previously forecast, according to the August 2021 commentary from the Fannie Mae Economic and Strategic Research Group.
WASHINGTON, Aug. 12, 2021 Fannie Mae (FNMA) today began marketing its twenty-second sale of reperforming loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio. The sale consists of approximately 19,100 loans, having an unpaid principal balance of approximately $2.2 billion, and is available for purchase by qualified bidders.
LOS ANGELES, Aug. 11, 2021 ?CALIFORNIA ASSOCIATION OF REALTORS???President Dave Walsh issued the following statement in response to the announcement by Fannie Mae that it will consider rental payment history when underwriting loans for buyers.
WASHINGTON, Aug. 11, 2021 Fannie Mae?today announced the company will launch a new feature in its automated underwriting system to incorporate consumers' rent payments in the mortgage credit evaluation process. The new update to DU is a positive change for eligibility ? only consistent rent payments will be considered to improve eligibility.
WASHINGTON, Aug. 9, 2021 ?The Fannie Mae Home Purchase Sentiment Index? decreased 3.9 points to 75.8 in July, as consumers continue to report concerns related to high home prices and a lack of homes for sale.
WASHINGTON, Aug. 3, 2021 Fannie Mae (FNMA) today reported its second quarter 2021 financial results and filed its second quarter 2021 Form 10-Q with the Securities and Exchange Commission. Fannie Mae (FNMA) 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.
JACKSONVILLE, Fla. "Prior to the agencies issuing clarifying guidance on allowable forbearance periods, some 950,000 plans were set to expire over the final six months of the year ? representing about half of all loans in forbearance," said Graboske.
WASHINGTON, July 30, 2021 Fannie Mae's June 2021 Monthly Summary is now available. About Fannie Mae (FNMA) Fannie Mae (FNMA) helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of people in America. Fannie Mae Newsroom https://www.fanniemae.com/newsroom.
NEW YORK, July 29, 2021 Lument recently has closed a $50.4 million Freddie Mac loan to facilitate the acquisition of Gramercy Apartments, a 436-unit multifamily community in Carmel, Indiana, near Indianapolis. The transaction was led by Xavier Salinas, an associate director in Lument's New York office, who was recently named a 2021 Next Generation Award winner by Connect Media.
NEW YORK, July 29, 2021 The Federal Home Loan Bank of New York today released its unaudited financial highlights for the quarter ended June 30, 2021. ??. "The Federal Home Loan Bank of New York has the unique ability to expand or contract based on the needs of our members.
CINCINNATI, July 29, 2021 The Federal Home Loan Bank of Cincinnati today released unaudited financial results for the second quarter ended June?30, 2021. Operating Results Balance Sheet Highlights Dividend Housing and Community Investment The FHLB expects to file its second quarter 2021 Form 10-Q with the Securities and Exchange Commission on or about August?5, 2021.
THE WOODLANDS, Texas, July 29, 2021 ?Woodforest National Bank? has made a $5 million seed investment in the?Impact Shares Affordable Housing MBS ETF, an exchange-traded fund that invests in agency mortgage-backed securities backed by pools of mortgage loans made to minorities, low- and moderate-income individuals and families who live in persistent poverty areas.
NEW YORK, July 28, 2021 Lument recently announced the closing of a $28.8 million Freddie Mac Unfunded Forward loan to finance the construction of Mesquite Terrace Apartments, a 297-unit affordable housing community in Phoenix, Arizona. Tim Hoppin, director in Lument's Denver, Colorado office, was the lead on the transaction.
NEW YORK, July 27, 2021 ?Lument has announced the closing of an $18.6 million Fannie Mae loan to refinance bridge debt on Meadows Apartments, a 216-unit multifamily community in Universal City, Texas. Lument's Marc Suarez spearheaded the transaction. The sponsor is Lynd Company, a multifamily developer and manager with a portfolio of 42,000 units in 187 properties across 26 states.
WASHINGTON, July 27, 2021 ?Fannie Mae (FNMA) today announced plans to report its second quarter 2021 financial results on Tuesday morning, August 3, 2021, before the opening of U.S. financial markets. Fannie Mae (FNMA) will host a conference call to discuss the company's results at 8:00 a.m., ET, on August 3, 2021.
BETHESDA, Md., July 26, 2021 AGNC Investment Corp. (AGNC) today announced financial results for the quarter ended June 30, 2021. SECOND QUARTER 2021 FINANCIAL HIGHLIGHTS OTHER SECOND QUARTER HIGHLIGHTS MANAGEMENT REMARKS "Many of the positive trends that drove the strong performance of the Agency MBS market in the first quarter of 2021 reversed in the second quarter.
BOSTON, July 23, 2021 ?The Federal Home Loan Bank of Boston announced its preliminary, unaudited second quarter financial results for 2021, reporting net income of $6.2 million for the quarter.
WASHINGTON, July 22, 2021 ?Fannie Mae (FNMA) priced an $802 million Multifamily DUS? REMIC under its Fannie Mae Guaranteed Multifamily Structures program on July 21, 2021. FNA 2021-M17 marks the eighth Fannie Mae GeMS issuance of 2021.
ROCKVILLE, Md., July 22, 2021 ?Choice Hotels International, Inc. (CHH), one of the world's largest lodging franchisors, has appointed Donna Vieira to its board of directors.
WASHINGTON, July 19, 2021 ?Expectations for full-year 2021 real GDP growth at 7.0 percent were little changed from the previous outlook, but meaningful compositional and temporal shifts are now projected for the underlying sources of economic growth, according to the July 2021 commentary from the Fannie Mae Economic and Strategic Research Group.
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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