Lameier, Welty, Diaz and Stivers elected to four-year terms; Rogers rejoins Board;Vance re-elected vice chair CINCINNATI, Nov. 30, 2023 /PRNewswire/ -- The Federal Home Loan Bank of Cincinnati's Board of Directors announced the results of the FHLB's 2023 director elections.
Company Scores 100 on 2023-2024 Corporate Equality Index for Ninth Consecutive Year WASHINGTON, Nov. 30, 2023 Fannie Mae?today announced it has been recognized with the Equality 100 Award: Leader in LGBTQ+ Workplace Inclusion from the Human Rights Campaign Foundation, receiving a score of 100 on its 2023-2024 Corporate Equality Index for the ninth consecutive year.
WASHINGTON, Nov. 29, 2023 Fannie Mae's October 2023 Monthly Summary is now available. About Fannie MaeFannie 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.
NEW YORK, Nov. 27, 2023 The Federal Home Loan Bank of New York announced today the results of the 2023 election for four positions on the FHLBNY's Board of Directors whose terms will each commence on January 1, 2024. The terms of all the positions will run for four years, expiring on December 31, 2027.
Home Sales Likely to Weaken in Near Term but Bottom Out Early Next Year WASHINGTON, Nov. 21, 2023 Economic growth remains likely to decelerate and ultimately result in a mild recession in 2024, followed by a return to growth in 2025, according to the November 2023 commentary from the Fannie Mae Economic and Strategic Research Group.
WASHINGTON, Nov. 21, 2023 Fannie Mae?today announced the winning bidder for its twenty-second Community Impact Pool of non-performing loans. The CIP awarded in this most recent transaction includes 61 loans with an aggregate UPB of $18,404,738; average loan size of $301,717; and weighted average note rate of 5.75%. The cover bid, which was the second highest bid, for the CIP was 82.12% of UPB.
WASHINGTON, Nov. 20, 2023 Fannie Mae announced today that it has executed its ninth and final Credit Insurance Risk Transfer? transaction of 2023. "We appreciate the continued support of the 21 insurers and reinsurers that have committed to write coverage for this deal," said Rob Schaefer, Fannie Mae Vice President, Capital Markets.
Featuring Federal Housing Finance Agency Director Sandra L. Thompson NEW YORK, Nov. 20, 2023 /PRNewswire/ -- The?CRE Finance Council, the trade association that exclusively represents the $5.9 trillion commercial and multifamily real estate finance industry, is happy to announce that its Annual D.C. Symposium returns on November 28, 2023.
Fannie Mae Returns to Market with $595 Million Transaction, Complementing Other Multifamily Credit Risk Sharing Programs WASHINGTON, Nov. 20, 2023 /PRNewswire/ -- Fannie Mae?priced its third Multifamily Connecticut Avenue Securities?? transaction, MCAS Series 2023-01, a $595 million note offering.
WASHINGTON, Nov. 17, 2023 Fannie Mae priced Connecticut Avenue Securities? Series 2023-R08, an approximately $609 million note offering that represents Fannie Mae's eighth CAS REMIC? transaction of the year. "Our final deal of 2023 was met with very strong demand, including new investor interest," said Kathleen Pagliaro, Fannie Mae Vice President, Credit Risk Transfer.
NEW YORK, Nov. 16, 2023 The Federal Home Loan Bank of New York announced today that Larry E. Thompson has been elected by its Board of Directors to serve as Board chair for a two-year term that will commence on January 1, 2024.
Firm hires portfolio manager with 30 years in mortgage-backed securities and structured credit. KANSAS CITY, Mo., Nov. 15, 2023 /PRNewswire/ --?American Century Investments, a $200 billion* global asset manager, named Paul Norris its new lead for the?Securitized Markets team.
WASHINGTON, Nov. 14, 2023 ?Fannie Mae? priced a $503 million Multifamily?DUS? REMIC under its Fannie Mae Guaranteed Multifamily Structures program on November 6, 2023. FNA 2023-M8 marks the third Fannie Mae GeMS issuance of 2023. "We announced and priced our third deal of 2023, the M8, on Monday of last week.
President David C. Benson and Chief Administrative Officer Jeffery Hayward Announce Retirements WASHINGTON, Nov. 14, 2023 /PRNewswire/ -- Fannie Mae today announced a series of leadership changes following decisions by two veteran executives that they will soon retire from the company.
Jetty Credit will continue to offer rent reporting services to select owner-operators through the end of 2024 through Fannie Mae's Multifamily Positive Rent Payment Pilot NEW YORK, Nov. 14, 2023 /PRNewswire/ -- Jetty, the financial services company on a mission to make renting a home more affordable and flexible, today announced the extension of its work with Fannie Mae to give renters more opp...
The Fannie Mae pilot utilizes rent reporting to establish or build credit scores and increase financial equity for U.S. renters LEHI, Utah, Nov. 14, 2023 /PRNewswire/ --?Entrata, a leading multifamily industry operating system, today announced that recently acquired Rent Dynamics will continue as one of three vendors to work with Fannie Mae for its Positive Rent Payment pilot, which first laun...
WASHINGTON, Nov. 7, 2023 Fannie Mae?today announced the results of its twenty-second non-performing loan sale transaction. The loan pool awarded in this most recent transaction includes: The cover bid, which is the second highest bid for the pool, was 98.12% of UPB. Bids are due on Fannie Mae's Community Impact Pool on November 16, 2023.
Housing Market Frustrations Continue, Too, with Survey-Record 85% of Consumers Saying It's a 'Bad Time' to Buy a Home WASHINGTON, Nov. 7, 2023 /PRNewswire/ -- The Fannie Mae Home Purchase Sentiment Index? remained largely flat in October, as consumer frustration toward housing?unaffordability and an economy battling inflation continue to depress overall sentiment.
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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