CHICAGO, Aug. 16, 2022 The Federal Home Loan Bank of Chicago today announced two programs focused on supporting small business in Illinois and Wisconsin. The new Community First Accelerate Grants for Small Business and Community Small Business Advance recognize that local businesses drive growth and economic investment in rural, urban, and small town communities.
WASHINGTON, Aug. 11, 2022 Fannie Mae?today began marketing its twenty-seventh 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 6,130 loans, having an unpaid principal balance of approximately $997 million, and is available for purchase by qualified bidders.
Experienced Financial Services Executive Will Lead Fannie Mae's Audit Strategy WASHINGTON, Aug. 10, 2022 Fannie Mae?today announced it has appointed Cissy Yang as Senior Vice President and Chief Audit Executive, effective September 12.
Latest HPSI Reading Shows Consumers Increasingly Concerned by Both Homebuying and Home-Selling Conditions WASHINGTON, Aug. 8, 2022 /PRNewswire/ -- The Fannie Mae Home Purchase Sentiment Index? decreased 2.0 points in July to 62.8, its lowest level since 2011 and well below the all-time high set in 2019.
Junior Achievement and Fannie Mae Youth Homeownership Survey Shows Teens Interested in Programs That Teach How Mortgages and Homeownership Work COLORADO SPRINGS, Colo. While nearly all teens believe credit scores plays an important role in the ability to purchase a home, approximately three in four said they understood credit scores only "somewhat," "a little," or "not at all."
WASHINGTON, Aug. 2, 2022 Fannie Mae priced Connecticut Avenue Securities? Series 2022-R08, an approximately $626 million note offering that represents Fannie Mae's eighth CAS REMIC? transaction of the year. The reference pool for CAS Series 2022-R08 consists of approximately 68,000 single-family mortgage loans with an outstanding unpaid principal balance of approximately $20.4 billion.
BETHESDA, Md., Aug. 1, 2022 Walker & Dunlop, Inc. (WD) announced today that it has expanded its HUD Production team in Chicago with the addition of Brett Murphy. Mr. Murphy will be responsible for growing the FHA seniors housing business utilizing the power of Walker & Dunlop's (WD) platform across HUD, GSE, bridge, and investment sales.
WASHINGTON, Aug. 1, 2022 Fannie Mae today announced the results of a recent reperforming loan sale. The loan pool awarded in this most recent transaction includes: The approximate weighted average bid, as a percentage of UPB, was in the low 90s for this pool.
WASHINGTON, July 29, 2022 Fannie Mae's ?June 2022 Monthly Summary is now available. About Fannie Mae Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America. Fannie Mae Newsroom?https://www.fanniemae.com/newsroom.
WASHINGTON, July 29, 2022 Fannie Mae today reported its second quarter 2022 financial results and filed its second 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.
NEW YORK, July 28, 2022 The Federal Home Loan Bank of New York today released its unaudited financial highlights for the quarter ended June 30, 2022. "For 90 years, the Federal Home Loan Banks have been tasked with providing a steady, reliable source of liquidity in all economic cycles," said Jos? R. Gonz?lez, president and CEO of the FHLBNY.
CINCINNATI, July 28, 2022 The Federal Home Loan Bank of Cincinnati today released unaudited financial results for the second quarter ended June?30, 2022. Operating Results Balance Sheet Highlights Dividend Housing and Community Investment The FHLB expects to file its second quarter 2022 Form 10-Q with the Securities and Exchange Commission on or about August?9, 2022.
BOSTON, July 22, 2022 The Federal Home Loan Bank of Boston announced its preliminary, unaudited second quarter financial results for 2022, reporting net income of $41.0 million for the quarter. The Bank's board of directors has declared a dividend equal to an annual yield of 3.72%, the daily average of the Secured Overnight Financing Rate for the second quarter of 2022 plus 300 basis points.
WASHINGTON, July 22, 2022 Fannie Mae announced today that it has executed its seventh and eighth Credit Insurance Risk Transfer? transactions of 2022. "We appreciate our continued partnership with the 24 insurers and reinsurers that have committed to write coverage for these deals," said Rob Schaefer, Fannie Mae Vice President for Capital Markets.
Experienced Human Resources Executive with Financial Services Background Joins Fannie Mae to Drive Enterprise Human Resources and Talent Strategy WASHINGTON, July 21, 2022 /PRNewswire/ -- Fannie Mae?announced today it has appointed Katie Jones as Senior Vice President and Chief Human Resources Officer, effective August 1, 2022.
Company to Host Conference Call WASHINGTON, July 21, 2022 Fannie Mae?today announced plans to report its second quarter 2022 financial results on Friday morning, July 29, 2022, before the opening of U.S. financial markets. Fannie Mae will host a conference call to discuss the company's results at 8:00 a.m., ET, on July 29, 2022.
WASHINGTON, July 20, 2022 ?Amid record inflation and higher interest rates, expectations for full-year 2022 and 2023 real GDP growth were downgraded in July due to softening consumer spending and a downward revision to business inventory investment data, according to the July 2022 commentary from the Fannie Mae Economic and Strategic Research Group.
Fannie Mae Earns Top Score on the Index for Third Consecutive Year WASHINGTON, July 20, 2022 Fannie Mae today announced it has been recognized as a "Best Place to Work for Disability Inclusion," earning a top score on the 2022 Disability Equality Index? for the third consecutive year.
LONDON, July 20, 2022 BNY Mellon and Goldman Sachs International have successfully completed the industry's first agency securities lending transactions using the HQLAX Distributed Ledger Technology platform.
TROY, Mich. Class will complete these data collection orders through Property Fingerprint, Class Valuation's 3D Scanning technology, which has produced tens of thousands of property data collections to date. Set to roll out this July, Freddie Mac's ACE+ PDR solution?is a new offering that allows lenders to originate cash-out and certain no cash-out refinance loans without an appraisal.
NEW YORK, July 11, 2022 ?TGM announced today the mortgage refinancing for TGM Creekside Village, a 208-unit multifamily apartment community in Glen Burnie, MD. TGM Creekside Village received Green Globes Certification enabling TGM to secure competitive borrowing terms from Fannie Mae as a result of the property's green efficiency and sustainability.
NEW YORK, July 8, 2022 TGM announced today the closing of five Fannie Mae supplemental loans on five multifamily properties within two of TGM's institutional client account portfolios. Naples, FL, Sarasota, FL, Schaumburg, IL, Willowbrook, IL and Odenton, MD, totaling 2,326 units.
Survey-High 81% of Consumers Believe Economy Is on the 'Wrong Track' WASHINGTON?, July 7, 2022 The Fannie Mae? Home Purchase Sentiment Index? decreased 3.4 points in June to 64.8, its second-lowest reading in a decade.
WASHINGTON, July 6, 2022 Fannie Mae priced a $381 million Multifamily Social DUS? REMIC under its Fannie Mae Guaranteed Multifamily Structures program on June 23, 2022. FNA 2022-M1S marks the sixth Fannie Mae GeMS issuance of 2022. "The M1S is our first social GeMS of 2022 and the third in GeMS history," said Dan Dresser, Senior Vice President, Multifamily Capital Markets and Pricing, Fannie Mae.
WASHINGTON, July 1, 2022 Fannie Mae today announced the results of its fixed-price cash tender offers for any and all of certain Connecticut Avenue Securities? Debt 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 June 24, 2022.
Lenders using FormFree's AccountChek with LPA will immediately benefit from this enhancement once it is announced in the July publication of the Freddie Mac Single-Family Seller/Service Guide.
WASHINGTON, June 30, 2022 Fannie Mae's ?May 2022 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.
CHICAGO, June 29, 2022 ?The Federal Home Loan Bank of Chicago and the Government National Mortgage Association announced today that total issuance under the Mortgage Partnership Finance? Program recently surpassed $3 billion in mortgage-backed securities. Ginnie Mae developed the first mortgage-backed security in 1970, by pooling loans into a security sold in the secondary market.
WASHINGTON, June 28, 2022 Fannie Mae priced Connecticut Avenue Securities? Series 2022-R07, an approximately $866 million note offering that represents Fannie Mae's seventh CAS REMIC? transaction of the year. The reference pool for CAS Series 2022-R07 consists of approximately 101,000 single-family mortgage loans with an outstanding unpaid principal balance of approximately $30.6 billion.
BOULDER, Colo. Mr. Sotolongo joined Fathym's board after helping the company establish a relationship with senior management at Goldman Sachs. Mr. Sotolongo is currently the CEO of Student Funding Group, a partner with Sallie Mae and a provider of private student loans. Apart from his work at Goldman Sachs, Mr. Sotolongo has arranged close to a billion dollars in financings.
WASHINGTON, June 24, 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? Debt 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 June 24, 2022.
CHICAGO, June 22, 2022 CME Group,?the world's leading derivatives marketplace, today announced it will expand its suite of long-term interest rate products to offer the first-ever 30-Year Uniform Mortgage-Backed Securities TBA futures contracts on October 3, pending regulatory review.
?Hiring of former Freddie Mac tech expert creates 'most talented technology team' in commercial real estate industry, says CEO? HOWELL, N.J., June 16, 2022 /PRNewswire/ --?GPARENCY, the nation's premier commission-free commercial mortgage brokerage, announced that Evguenia Yerukhimovich has joined the company as product manager to oversee the discovery, design and solution exploration for GPARE...
The RALI Will Provide Near Real-Time Insights into Refinance and Prepayment Trends WASHINGTON, June 14, 2022 /PRNewswire/ -- Fannie Mae?announced today the launch of its Refinance Application-Level Index, a weekly series designed to provide the market timely and comprehensive tracking of refinance activity and historical trends.
WASHINGTON, June 14, 2022 Fannie Mae today announced the results of its nineteenth non-performing loan sale transaction. The loan pools awarded in this most recent transaction include: The cover bids, which are the second highest bids per pool, were 94.59% of UPB for Pool 1 and 101.59% of UPB for Pool 2. Bids are due on Fannie Mae's nineteenth Community Impact Pool on June 21, 2022.
WASHINGTON, June 13, 2022 Fannie Mae announced today that it has executed its sixth Credit Insurance Risk Transfer? transaction of 2022. "We appreciate our continued partnership with the 24 insurers and reinsurers that have committed to write coverage for this deal," said Rob Schaefer, Fannie Mae Vice President for Capital Markets.
WASHINGTON, June 9, 2022 Fannie Mae today began marketing its twenty-sixth 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 9,980 loans, having an unpaid principal balance of approximately $1.57 billion, and is available for purchase by qualified bidders.
Fannie Mae's Equitable Housing Finance Plan Outlines Specific Actions Fannie Mae Will Take to Knock Down Barriers and Provide Access to Affordable Housing WASHINGTON, June 8, 2022 /PRNewswire/ -- Fannie Mae?today released a three-year Equitable Housing Finance Plan that outlines actions the company will take to knock down barriers faced by Black renters and homeowners throughout their housing ...
WASHINGTON, June 7, 2022 Fannie Mae?priced Connecticut Avenue Securities? Series 2022-R06, an approximately $754 million note offering that represents Fannie Mae's sixth CAS REMIC? transaction of the year. The reference pool for CAS Series 2022-R06 consists of approximately 83,000 single-family mortgage loans with an outstanding unpaid principal balance of approximately $25.0 billion.
Only 17% of Consumers Report It's a 'Good Time to Buy' a Home WASHINGTON, June 7, 2022 The Fannie Mae?Home Purchase Sentiment Index? remained relatively flat in May, decreasing by only 0.3 points but inching nearer its 10-year- and pandemic-low of 63.0 from April 2020.
Preferred Correspondent Agreement expands Walker & Dunlop's (WD) presence in South Florida and supports Metro Fund's access to Fannie Mae and Freddie Mac lending BETHESDA, Md., June 7, 2022 /PRNewswire/ --?Walker & Dunlop (WD), Inc.?announces a new preferred correspondent agreement with Metro Fund Inc., a leading commercial real estate lender based in Miami, Florida.
WASHINGTON, May 31, 2022 Fannie Mae's ?April 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. fanniemae.com | Twitter | Facebook | LinkedIn | Instagram | YouTube | Blog. Fannie Mae Newsroomhttps://www.fanniemae.com/newsroom.
NEW YORK, May 27, 2022 /PRNewswire/ -- The Commercial Real Estate Finance Council congratulates Sandra Thompson on her confirmation on May 25, 2022, as Director of the Federal Housing Finance Agency.
CARMEL, Ind. This is MCC's second such transaction ? last year, MCC secured a $262 million Q-Series transaction, which consisted of 15 workforce housing properties owned and operated by some of MCC's biggest clients. The $214 million in loans consisted of 14 multifamily properties in Georgia, Indiana, Michigan, New York and Ohio. The developments range in size from 60 to 352 units.
WASHINGTON, May 20, 2022 Fannie Mae announced today that it has executed its fifth Credit Insurance Risk Transfer? transaction of 2022. "We appreciate our continued partnership with the 22 insurers and reinsurers that have committed to write coverage for this deal," said Rob Schaefer, Fannie Mae Vice President for Capital Markets.
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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