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.
WASHINGTON, Oct. 31, 2023 Fannie Mae today reported its third quarter 2023 financial results and filed its Third Quarter 2023 Form 10-Q with the Securities and Exchange Commission. Fannie Mae has scheduled 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.
?. CINCINNATI, Oct. 30, 2023 ? The Federal Home Loan Bank of Cincinnati today released unaudited financial results for the third quarter ended September?30, 2023. Overview The FHLB delivered on its dual mission of providing access to critical liquidity funding to member financial institutions and expanding support for affordable housing and community investment.
WASHINGTON, Oct. 27, 2023 Fannie Mae today announced its 2024 Benchmark Securities? Issuance Calendar. The 2024 Benchmark Securities Calendar identifies at least one calendar day per month for a Fannie Mae Benchmark Notes? announcement. On a weekly basis, Fannie Mae also has the option to auction Benchmark Bills? with maturities of one year or less.
WASHINGTON, Oct. 26, 2023 Fannie Mae's September 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.
SAN FRANCISCO, Oct. 26, 2023 /PRNewswire/ -- Today,?VantageScore released research on the quantitative impact of requiring VantageScore? 4.0 credit scores, as mandated by the Federal regulator, for all Government-Sponsored Enterprise-funded mortgages beginning in 2024. Outdated models in housing finance often exclude millions of creditworthy, underserved borrowers.
NEW YORK, Oct. 25, 2023 The Federal Home Loan Bank of New York today released its unaudited financial highlights for the quarter ended September 30, 2023. "Our results for the third quarter of 2023 reflect the continued strength and stability of our franchise, and the vital importance of our foundational liquidity mission," said Jos? R. Gonz?lez, president and CEO of the FHLBNY.
Company to Host Conference Call WASHINGTON, Oct. 25, 2023 Fannie Mae today announced plans to report its third quarter 2023 financial results on Tuesday morning, October 31, 2023, 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 October 31, 2023.
BOSTON, Oct. 20, 2023 The Federal Home Loan Bank of Boston announced its preliminary, unaudited third quarter results for 2023, reporting net income of $70.1 million for the quarter. The Bank's board of directors has declared a dividend equal to an annual yield of 8.31%, the daily average of the Secured Overnight Financing Rate for the third quarter of 2023 plus 300 basis points.
FHLB's down payment assistance program awarded residents up to $15,000 through community banks CINCINNATI, Oct. 18, 2023 /PRNewswire/ -- Federal Home Loan Bank of Cincinnati's Welcome Home Program is helping residents achieve the dream of owning a home. The program offered grants of up to $10,000 to fund down payment and closing costs for low- and moderate-income homebuyers.
WASHINGTON, Oct. 17, 2023 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 October 10, 2023.
Fannie Mae Enabling the Creation and Preservation of Affordable Rental Units Across the Country Through Its LIHTC Equity Investments WASHINGTON, Oct. 17, 2023 /PRNewswire/ -- Since restarting its equity investments in the Low-Income Housing Tax Credit market in 2018, Fannie Mae has supported the creation or preservation of rental housing units in communities throughout the country, providing cr...
Home Prices Prove Resilient through Third Quarter, but Deceleration Likely as Mortgage Rates Move Higher WASHINGTON, Oct. 16, 2023 /PRNewswire/ --?The rapid rise in long-term interest rates over the past few months will likely weigh on future economic growth, according to the October 2023 commentary from the Fannie Mae?Economic and Strategic Research Group.
Mission First has accessed more than $15 million in grants in support of affordable housing from four Federal Home Loan Banks PHILADELPHIA, Oct. 12, 2023 /PRNewswire/ -- In 1999, Mission First Housing Group was awarded its first Affordable Housing Program grant from a Federal Home Loan Bank ? receiving a $465,000 grant from FHLBank Atlanta to help build 78 affordable apartments in the Fox Chase...
New Product Aims to Increase Affordable Workforce Rental Supply by Offering Fannie Mae Borrowers Pricing Incentives and Underwriting Flexibilities WASHINGTON, Oct. 11, 2023 /PRNewswire/ -- Fannie Mae announced today a new?Sponsor-Dedicated Workforce product to create and preserve workforce housing through the company's network of Delegated Underwriting and Servicing lenders.
WASHINGTON, Oct. 10, 2023 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 October 10, 2023.
Consumers Now Point to Mortgage Rates, not Home Prices, as Primary Hindrance to Affordability WASHINGTON, Oct. 9, 2023 /PRNewswire/ -- The Fannie Mae Home Purchase Sentiment Index? decreased by 2.4 points in September to 64.5, as elevated mortgage rates further dampened already-pessimistic consumer housing sentiment.
WASHINGTON, Oct. 6, 2023 Fannie Mae priced Connecticut Avenue Securities?? Series 2023-R07, an approximately $536 million note offering that represents Fannie Mae's seventh CAS REMIC??transaction of the year. The reference pool for CAS Series 2023-R07 consists of approximately 77,000 single-family mortgage loans with an outstanding unpaid principal balance of approximately $25.9 billion.
2023-NPL2 Includes the Company's Twenty-Second Community Impact Pool Offering WASHINGTON, Oct. 5, 2023 Fannie Mae?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 twenty-second Community Impact Pool.
Quarterly Survey Polls Experts' Expectations of Future Home Price Change WASHINGTON, Oct. 3, 2023 Fannie Mae announced today a partnership with Pulsenomics LLC, an independent research and consulting firm, to produce the quarterly Home Price Expectations Survey beginning this month.
WASHINGTON, Sept. 28, 2023 Fannie Mae's August 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 Credit Education Course is One of Several Ways Fannie Mae is Working to Address the Latino Homeownership Gap in America WASHINGTON, Sept. 27, 2023 /PRNewswire/ -- Fannie Mae today announced new resources and programs to provide responsible access to housing and long-term sustainable homeownership opportunities across the country for Latino communities and further the company's mission.
WASHINGTON, Sept. 26, 2023 Fannie Mae announced today that it has executed its eighth Credit Insurance Risk Transfer? transaction of 2023. "We appreciate the continued support of the 24 insurers and reinsurers that have committed to write coverage for this deal," said Rob Schaefer, Fannie Mae Vice President, Capital Markets.
NAREB APPLAUDS AND SUPPORTS FHFA EFFORTS TO EXPAND HOMEOWNERSHIP FOR PEOPLE OF COLOR WASHINGTON, Sept. 25, 2023 /PRNewswire/ -- The National Association of Real Estate Brokers strongly supports the Federal Housing Finance Agency's proposed rule strengthening and codifying the equitable housing finance plans submitted by mortgage giants Fannie Mae and Freddie Mac and the agency's other measures ...
WASHINGTON, Sept. 14, 2023 Fannie Mae?today announced the results of its twenty-ninth reperforming 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 79.04% of UPB.
WASHINGTON, Sept. 14, 2023 Fannie Mae today announced the results of its twenty-first 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 September 20, 2023.
Borrower risk for Fannie Mae loans decreased, while increasing for Freddie loans SEATTLE, Sept. 13, 2023 Milliman, Inc., a premier global consulting and actuarial firm, today announced the second quarter 2023 results of the Milliman Mortgage Default Index, which shows Milliman's latest monthly estimate of the lifetime default risk of U.S.-backed mortgages.
Funds will be used to help low-income homeowners in Kentucky, Ohio and Tennessee CINCINNATI, Sept. 13, 2023 /PRNewswire/ -- The Federal Home Loan Bank of Cincinnati awarded nearly $7 million in grants to low-income homeowners to fund accessibility rehabilitation and emergency repairs for those with special needs or persons over 60.
WASHINGTON, Sept. 12, 2023 Fannie Mae today began marketing its thirtieth 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 12,800 loans, having an unpaid principal balance of approximately $2.65?billion, and is available for purchase by qualified bidders.
MINNEAPOLIS, Sept. 7, 2023 ?Rice Park Capital Management?LP, a Minneapolis-based investment firm, is pleased to announce that its subsidiary, Nexus Nova LLC, received Fannie Mae master servicing approval effective September 5, 2023.
HPSI's Low-Level Plateau Continues as Consumers Remain Frustrated by Lack of Affordability WASHINGTON, Sept. 7, 2023 The Fannie Mae Home Purchase Sentiment Index? remained effectively unchanged in August, as consumer confidence toward housing continued along the low-level plateau set earlier this year.
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.