NEW YORK, Jan. 24, 2022 ?Lument has provided a Fannie Mae conventional loan in the amount of $43.2 million to refinance Gardens of Canal Court, a 421-unit garden-style apartment community in Indianapolis, Indiana. Lument's James Kress and Jim Croft led the transaction.
WASHINGTON, Jan. 24, 2022 Fannie Mae priced a $1 billion Multifamily DUS? REMIC under its Fannie Mae Guaranteed Multifamily Structures program on January 19, 2022. FNA 2022-M1 marks the first Fannie Mae GeMS issuance of 2022.
WASHINGTON, Jan. 19, 2022 ?The housing market and larger economy are expected to enter a "new normal" in 2022 as the unprecedented market disturbances and policy responses stemming from the COVID-19 pandemic subside, according to the January 2022 commentary from the Fannie Mae? Economic and Strategic Research Group.
WASHINGTON, Jan. 18, 2022 ?Fannie Mae? sought and received additional ratings for a number of previously unrated Connecticut Avenue Securities? notes as part of its ongoing effort to bring increased transparency and liquidity to these securities.
NEW YORK, Jan. 18, 2022 ?Lument has announced the closing of five Fannie Mae conventional multifamily housing loans totaling $25.1 million to refinance five affordable housing communities within the Denver and Colorado Springs metropolitan areas.
WASHINGTON, Jan. 13, 2022 ?Fannie Mae (FNMA) provided nearly $70 billion in financing to support the multifamily market in 2021, and funding of multifamily affordable housing rose more than 23 percent last year to the highest volume in the history of its 33-year-old Delegated Underwriting and Servicing program.
WASHINGTON, Jan. 12, 2022 Fannie Mae (FNMA) today announced the launch of HomeView?, the company's new online homeownership education course, to help consumers navigate the mortgage and homebuying process confidently and responsibly.
WASHINGTON, Jan. 11, 2022 ?Fannie Mae (FNMA) priced Connecticut Avenue Securities? Series 2022-R01, an approximately $1.5 billion note offering that represents Fannie Mae's (FNMA) first CAS REMIC? transaction of the year. The reference pool for CAS Series 2022-R01 consists of approximately 180,000 single-family mortgage loans with an outstanding unpaid principal balance of nearly $54?billion.
NEW YORK, Jan. 11, 2022 Lument has provided a $15.1 million Fannie Mae conventional multifamily loan to facilitate the acquisition of Sommerset Place Apartments, a 144-unit multifamily community built in 1983 and located in Raleigh, North Carolina. James Kelly, a director in Lument's Atlanta office, led the transaction.
CINCINNATI, Jan. 10, 2022 ?The Federal Home Loan Bank of Cincinnati's Board of Directors announced the results of the FHLB's 2021 director elections. Elected to the Board as Kentucky Member directors are J. Wade Berry and incumbent Greg W. Caudill.
NEW YORK, Jan. 10, 2022 ?Lument has provided a $48.8 million Freddie Mac conventional loan to refinance Sanctuary at 331, a 264-unit luxury multifamily community in Santa Rosa Beach, Florida. Lument Managing Director Steve Beltran led the transaction. "We were pleased to work with Freddie Mac to refinance this property on Florida's economically vibrant Emerald Coast," said Beltran.
NEW YORK, Jan. 7, 2022 ?Lument recently provided a $9.4 million Freddie Mac conventional multifamily loan to refinance The Stratford Apartments in Beaverton, Oregon. The apartment community is a six-building, 65-unit garden-style complex managed by Princeton Property Management, Inc., which manages 60 properties and more than 3,000 units in the Portland metropolitan area.
WASHINGTON, Jan. 7, 2022 The Fannie Mae Home Purchase Sentiment Index? decreased 0.5 points to 74.2 in December, as consumers continued to report substantially divergent views of homebuying and home-selling conditions.
FOOTHILL RANCH, Calif. Ginnie Mae loans in-house is important for loanDepot, because it enables us to provide the best-in-class care and service that our customers have come to expect ? from initial consultation through servicing for the life of their loans," said loanDepot Executive Vice President of Servicing and Capital Market Operations, Dan Binowitz.
WASHINGTON, Dec. 30, 2021 ?Fannie Mae's November 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. Fannie Mae Newsroomhttps://www.fanniemae.com/newsroom.
NORWELL, Mass. Jennifer Whip, Principal, Cambridge One, LLCMost recently, Jennifer was managing director for Garrett, McAuley & Co., a position she held following her retirement from a 26-year career at Fannie Mae. Jennifer currently serves on the Boards of Directors at Flagstar Bank in Troy, Michigan, Abacus Federal Savings Bank in New York, New York, and Chesmar Homes in Houston, Texas.
NEW YORK, Dec. 20, 2021 Jos? R. Gonz?lez, president and CEO of the Federal Home Loan Bank of New York, announced that the FHLBNY has awarded $34.3 million in subsidies to fund 46 affordable housing initiatives throughout New Jersey, New York, Arizona, California, Maryland and Pennsylvania.
WASHINGTON, Dec. 20, 2021 ?The outlook for full-year 2021 economic growth was revised upward to 5.5 percent, an improvement of 0.7 percentage points compared to last month's projection, due primarily to stronger-than-anticipated consumer spending and inventory investment data, according to the December 2021 commentary?from the Fannie Mae Economic and Strategic Research Group.
WASHINGTON, Dec. 17, 2021 Fannie Mae (FNMA) today published its 2020 Sustainability Accounting Standards Board Report, marking another step in the company's continued commitment to transparency along its Environmental, Social, and Governance? journey.
NEW YORK, Dec. 16, 2021 ?Lument recently underwrote a two-tranche unfunded forward commitment for a Freddie Mac tax-exempt loan totaling $16.9 million to construct 1515 North Capitol Apartments, a new affordable housing high-rise development located in Washington, D.C.'s Truxton Circle neighborhood. "Closing this project was complex but very rewarding," said Ellis.
WASHINGTON ?Fannie Mae (FNMA) announced today its 2022 Connecticut Avenue Securities? Issuance Calendar as part of its efforts to ensure transparency in the market. "In 2022, we look forward to bringing approximately $15 billion in our on-the-run CAS REMIC? transactions, subject to market conditions and other factors," said Devang Doshi, Senior Vice President, Single-Family Capital Markets, Fannie Mae.
WASHINGTON, Dec. 15, 2021 Fannie Mae (FNMA) priced Connecticut Avenue Securities? Series 2021-R03, an approximately $909 million note offering that represents Fannie Mae's (FNMA) third, and last, CAS REMIC? transaction of the year. "Our final deal of the year was well received by the market," said Devang Doshi, Senior Vice President, Single-Family Capital Markets, Fannie Mae.
WASHINGTON, Dec. 14, 2021 ?Fannie Mae? is reminding homeowners and renters impacted by the recent tornadoes in communities across Kentucky, Missouri, Illinois, Tennessee, Arkansas, and Mississippi of available mortgage assistance and disaster relief options.
LOS ANGELES, Dec. 9, 2021 ?Today, Lincoln Avenue Capital, a mission-driven affordable housing company, announced the acquisition of a 569-unit affordable housing property in Alexandria, VA with financing from the Amazon Housing Equity Fund and Fannie Mae, provided by Berkadia Commercial Mortgage.
WASHINGTON, Dec. 8, 2021 ?Fannie Mae? announced today it has completed the issuance of $100 billion of green multifamily mortgage-backed securities, helping transform housing finance and creating a more sustainable future for U.S. communities. For more than 10 years, Fannie Mae (FNMA) has been an industry leader in green financing.
HICKSVILLE, N.Y., Dec. 7, 2021 On December 6, 2021, the Federal Home Loan Bank of New York announced that Thomas R. Cangemi, Chairman, President, and Chief Executive Officer of New York Community Bancorp, Inc. was elected by the FHLBNY's eligible New York members to serve as a Member Director on the FHLBNY board for a four-year term representing New York.
WASHINGTON, Dec. 7, 2021 The Fannie Mae Home Purchase Sentiment Index? decreased 0.8 points to 74.7 in November, as consumers expressed not only disparate views of homebuying and home-selling conditions but also their greatest economic pessimism in 10 years.
NEW YORK, Dec. 6, 2021 ?The Federal Home Loan Bank of New York announced today the results of the 2021 election for three positions on the FHLBNY's Board of Directors whose terms will each commence on January 1, 2022.?The terms of all the positions will run for four years, expiring on December 31, 2025.
NEW YORK, Dec. 6, 2021 ?Lument recently provided a $6.8 million Freddie Mac small balance loan to refinance Casitas Del Este, a 78-unit, garden-style apartment community in El Paso, Texas. Lument Managing Director Steve Beltran led the transaction. "This refinance loan fulfilled all of our client's goals," Beltran said.
HOWELL, N.J., Dec. 6, 2021 GPARENCY has announced that Ben Schweitzer will serve as the firm's Chief Product Officer and Co-Founder.?Schweitzer comes to GPARENCY following a 13-year tenure at Freddie Mac, where he held leadership positions in underwriting and technology, including as co-creator of the Small Balance Loan program and founder of the Multifamily Innovation Lab.
WASHINGTON, Dec. 2, 2021 ?Fannie Mae (FNMA) announced today that it has completed its final Credit Insurance Risk Transfer? transaction of 2021. "CIRT 2021-2 transferred the largest amount of mortgage credit risk through a single CIRT transaction since the inception of the program in 2014.
WASHINGTON ?Fannie Mae (FNMA) today announced the appointment of Chryssa C. Halley to Executive Vice President and Chief Financial Officer. "Chryssa is an inspirational leader with deep knowledge of Fannie Mae's (FNMA) finance operations gained over many years.
WASHINGTON, Nov. 30, 2021 Fannie Mae's October 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.
LOS ANGELES, Nov. 30, 2021 ?The CALIFORNIA ASSOCIATION OF REALTORS? today issued the following statement in response to the Federal Housing Finance Agency's announcement to increase the 2022 conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac to $647,200 on one-unit properties and a cap of $970,800 in high-cost areas.
CALABASAS, Calif. The business plan provides that all units are to be restricted to residents earning less than 80% of area median income. The acquisition, which closed on October 26, 2021, included a first mortgage loan from Freddie Mac and supplemental debt provided through the Amazon Housing Equity Fund.
WASHINGTON, Nov. 22, 2021 ?Fannie Mae (FNMA) priced a $640 million Social Multifamily DUS? REMIC under its Fannie Mae Guaranteed Multifamily Structures program on November 18, 2021. FNA 2021-M2S marks the twelfth Fannie Mae GeMS issuance of 2021.
WASHINGTON, Nov. 22, 2021 ?Fannie Mae (FNMA) 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 November 15, 2021.
SEATTLE, Nov. 19, 2021 Milliman, Inc., a premier global consulting and actuarial firm, today announced the second quarter 2021 results of the Milliman Mortgage Default Index, which shows the latest monthly estimate of the lifetime default risk of U.S.-backed mortgages.
NEW YORK, Nov. 18, 2021 The Federal Home Loan Bank of New York announced today that John R. Buran has been re-elected by its Board of Directors to serve as the Board's chairman for a two-year term that will commence on January 1, 2022.
NEW YORK, Nov. 18, 2021 The Federal Home Loan Bank of New York is pleased to announce that, on November 18, 2021, its Board of Directors approved a dividend for the third quarter of 2021 of 4.40%.? The dollar amount of the dividend will be approximately $51.8 million. The cash dividend will be distributed to member financial institutions on November 19, 2021.
WASHINGTON, Nov. 18, 2021 ?Inflation is a key forecast concern for the economy, according to the November 2021 commentary from the Fannie Mae Economic and Strategic Research Group. The ESR Group also published for the first time its expectations for 2023 real gross domestic product growth, which it projects at 2.1 percent, very much in line with the pre-pandemic domestic growth trend.
WASHINGTON, Nov. 18, 2021 Inflation is a key forecast concern for the economy, according to the November 2021 commentary from the Fannie Mae Economic and Strategic Research Group. The ESR Group also published for the first time its expectations for 2023 real gross domestic product growth, which it projects at 2.1 percent, very much in line with the pre-pandemic domestic growth trend.
WASHINGTON, Nov. 17, 2021 Fannie Mae (FNMA) again has been named a top company for inclusion by the?National Business Inclusion Consortium, a coalition formed by the National LGBT Chamber of Commerce. "Fairness and equality of opportunity are central to Fannie Mae's (FNMA) mission to create and expand affordable housing opportunities throughout the country.
WASHINGTON, Nov. 16, 2021 Fannie Mae (FNMA) priced Connecticut Avenue Securities?? Series 2021-R02, a $984 million note offering that represents Fannie Mae's (FNMA) second CAS REMIC??transaction of the year. "Our latest deal was met with high demand from a deep base of investors," said Devang Doshi, Senior Vice President, Single-Family Capital Markets, Fannie Mae.
WASHINGTON ?Fannie Mae (FNMA) 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 November 15, 2021.
WASHINGTON, Nov. 10, 2021 Fannie Mae (FNMA) today announced its 2022 Benchmark Securities? Issuance Calendar. On a weekly basis, Fannie Mae (FNMA) has the option to auction Benchmark Bills? with maturities of one year or less. The 2022 Benchmark Securities Calendar also identifies at least one calendar day per month for a Fannie Mae Benchmark Notes? announcement.
NEW YORK, Nov. 9, 2021 ?dv01, a leading capital markets fintech company driving technological innovation and loan-level transparency in structured finance, today announces that Sam Hillier has joined the company as Director of ESG and will work closely with dv01 Principal of Strategy, Charlie Oshman to drive product development, innovation, and commercialization of dv01's ESG offering.
AUSTIN, Texas, Nov. 8, 2021 X Delivery is the first national shipping carrier created in over 50 years. X Delivery is pleased to announce the addition of Mark Lavelle as CEO and three additions to its senior leadership team. "Customers want their packages faster than ever. Why are top ecommerce brands switching to X Delivery?
WASHINGTON, Nov. 8, 2021 The Fannie Mae?Home Purchase Sentiment Index? increased 1 point to 75.5 in October, as consumers once again reported mixed feelings about homebuying and home-selling conditions, as well as increased pessimism regarding the larger economy.
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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