Freddie Mac today announced that its Single-Family and Multifamily Credit Risk Transfer programs acquired credit protection of approximately $833 million on more than $50 billion unpaid principal balance of mortgage loans, brokered by Aon plc (AON), a leading global professional services firm, and sub-brokered by certified minority-business enterprise Protecdiv in 2022.
The board of directors of the Federal Home Loan Bank of Atlanta today approved a cash dividend for the fourth quarter 2022 at an annualized rate of 6.37 percent. ?The support of our members is key to maintaining a strong financial foundation for our cooperative,? said FHLBank Atlanta Chair of the Board, Thornwell Dunlap.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.13 percent. ?Mortgage rates continue to tick down and, as a result, home purchase demand is thawing from the months-long freeze that gripped the housing market,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today posted to its website its Monthly Volume Summary for December 2022, which provides information on Freddie Mac?s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities, and other investments. Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.
Federal Home Loan Bank of Atlanta today announced the results of the election for chair and vice chair of its board of directors. R. Thornwell Dunlap III, ChairFHLBank Atlanta board members elected R. Thornwell Dunlap III, president and chief executive officer of Countybank in Greenwood, South Carolina, to a two-year term as chair of FHLBank Atlanta?s board of directors.
Freddie Mac today released the results of its?Primary Mortgage Market Survey??, showing the 30-year fixed-rate mortgage averaged 6.15 percent. ?As inflation continues to moderate, mortgage rates declined again this week,? said Sam Khater, Freddie Mac?s Chief Economist.
Greystone, a leading national commercial real estate finance company, announced Rich Martinez has been promoted to Head of Production, Agency Lending, after joining the firm in 2022 as Executive Managing Director, Multifamily Sales & Production.
January 17, 2023 ? Freddie Mac Multifamily?s 2022 production volume totaled $73.8 billion, including a record of nearly $1 billion in Low-Income Housing Tax Credit equity investments. ?In a year marked by record rent inflation and a rental housing supply crisis, Freddie Mac Multifamily prioritized its affordable housing mission,? said Kevin Palmer, head of Freddie Mac Multifamily.
Greystone, a leading national commercial real estate finance company, has provided a $94,451,000 Fannie Mae Delegated Underwriting & Servicing loan for the $131 million acquisition of a 586-unit multifamily property in Arlington Heights, Illinois.
Freddie Mac reiterated today that it will transition its legacy U.S. dollar LIBOR-indexed contracts to an index based on the Secured Overnight Financing Rate for loans and securities for which Freddie Mac is responsible for selecting the replacement index.
?Freddie Mac today released the results of its Primary Mortgage Market Survey, showing the 30-year fixed-rate mortgage averaged 6.33 percent. ?While mortgage rates have resumed their decline, the market remains hypersensitive to rate movements, with purchase demand experiencing large swings relative to small changes in rates,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac issued $65.1 billion of securities through its Multifamily risk transfer platform in 2022. Freddie Mac has settled $629 billion in Multifamily securities through its K-Deal and various other risk-transfer offerings since the inception of the program in 2009.
Federal Home Loan Bank of Atlanta announced today that it will begin accepting applications for its 2023 Affordable Housing Program General Fund round on March 1, 2023. The AHP General Fund is one of the largest sources of private funding for affordable housing in the country.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.48 percent. ?Mortgage application activity sunk to a quarter century low this week as high mortgage rates continue to weaken the housing market,? said Sam Khater, Freddie Mac?s Chief Economist.
Federal Home Loan Bank of Atlanta announced today that it has appointed three members to its Affordable Housing Advisory Council. New Members: William Grant is currently a member relations consultant with the American Bankers Association. Michael Wong is the Executive Director of the Harrisonburg Redevelopment and Housing Authority in Harrisonburg, Virginia, a position he has held since 2001.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.42 percent. ?The housing market remains in the doldrums with declining sales, inventory and prices,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today published on its website the National Association of Insurance Commissioners 2022 filing year designations for certain STACR REMIC Trust, STACR Trust, and STACR Debt Notes. Overall, of the 199 reviewed STACR Notes, 159 have achieved NAIC 1 Designation, 34 have achieved NAIC 2 Designation, and 6 have achieved NAIC 3 Designation.
Freddie Mac today posted to its website its Monthly Volume Summary for November 2022, which provides information on Freddie Mac?s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities, and other investments. Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.
Freddie Mac today released the results of its Primary Mortgage Market Survey??, showing the 30-year fixed-rate mortgage averaged 6.27 percent. ?Heading into the holidays, mortgage rates continued to move down,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today announced that it will transition its legacy U.S. dollar LIBOR-indexed contracts to an index based on the Secured Overnight Financing Rate for loans and securities for which Freddie Mac is responsible for selecting the replacement index.
The multifamily market will continue to cool off in 2023, according to the Freddie Mac Multifamily 2023 Outlook, with rent growth moderating, vacancies ticking up and loan originations slowing for the year.
Jupiter, the leading provider of predictive data and analytics for climate risk and resilience, announced today a project with Fannie Mae to identify neighborhoods and communities most at risk from perils related to climate change as part of The Jupiter Promise program for historically marginalized communities.
Arbor Realty Trust, Inc. (ABR) today announced the completion of an approximately $315 million loan securitization through Freddie Mac?s Q Series securitization program. The Securitization is backed by a pool of 11 floating rate loans secured by first priority mortgage liens on 21 multifamily properties that qualify as mission-driven under the Federal Housing Finance Agency guidelines.
The Freddie Mac Multifamily?Apartment Investment Market Index? saw a quarterly decline of 5.4% in the third quarter of 2022, with the index down 23.5% year over year. ?Rising mortgage rates continue to fuel a decline in the Apartment Investment Market Index,? said Steve Guggenmos, vice president of Research & Modeling at Freddie Mac Multifamily.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.31 percent. ?Mortgage rates continued their downward trajectory this week, as softer inflation data and a modest shift in the Federal Reserve?s monetary policy reverberated through the economy,? said Sam Khater, Freddie Mac?s Chief Economist.
Steve Johnson Named Head of Production & SalesBill Buskirk becomes Chief Operating Officer Freddie Mac Multifamily today announced two Senior Vice President roles. ?It is my privilege to announce Steve Johnson as our head of Production & Sales and Bill Buskirk as our Chief Operating Officer,? said Kevin Palmer, head of Multifamily for Freddie Mac. Johnson is a 22-year veteran of Freddie Mac.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.33 percent. ?Mortgage rates decreased for the fourth consecutive week, due to increasing concerns over lackluster economic growth,? said Sam Khater, Freddie Mac?s Chief Economist.
Greystone, a leading national commercial real estate finance company, has provided a $22,554,000 Fannie Mae Delegated Underwriting & Servicing Green Rewards loan to acquire a 208-unit multifamily property in Virginia Beach, Virginia. Constructed in 1987, Royal Pointe Apartments in Virginia Beach City is a garden-style apartment community with 15 buildings comprising one- and two-bedroom units.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.49 percent. ?Mortgage rates continued to drop this week as optimism grows around the prospect that the Federal Reserve will slow its pace of rate hikes,? said Sam Khater, Freddie Mac?s Chief Economist.
The Federal Home Loan Bank of Indianapolis Board of Directors has elected Karen F. Gregerson as Chair of the Board and Robert M. Fisher as Vice Chair of the Board, each for a two-year term beginning Jan. 1, 2023, and ending Dec. 31, 2024. Since 2016, Karen Gregerson has been President and CEO of The Farmers Bank in Frankfort, Ind.
Greystone, a leading national commercial real estate finance company, has provided an $11,916,000 Fannie Mae Multifamily Affordable Housing loan for the acquisition of a senior living community in Tavares, Florida. Constructed in 2006, Lake Point Senior Apartments in Lake County is a 160-unit, LIHTC, age-restricted, 3-story elevatored apartment complex.
Freddie Mac today released the results of its Primary Mortgage Market Survey, showing the 30-year fixed-rate mortgage averaged 6.58 percent. ?Mortgage rates continued to tick down heading into the Thanksgiving holiday,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today posted to its website its Monthly Volume Summary for October 2022, which provides information on Freddie Mac?s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities, and other investments. Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.
Ecrid, Inc. (ECDD) announces today details on the Company's FHFA Lending Platform. A New Measure of Credit ? The traditional FICO credit score that Fannie Mae and Freddie Mac rely on to approve home buyers will soon be a thing of the past.
Greystone, a leading national commercial real estate finance company, has provided a $30,406,000 Fannie Mae Delegated Underwriting & Servicing loan to refinance a 206-unit multifamily property in Thornton, CO. The financing was originated by Dale Holzer, Managing Director in Greystone?s Newport Beach, CA office on behalf of Milky Way Apartments, LLC.
The Federal Home Loan Bank of Indianapolis announced today that $7.24 million in affordable housing grants will be awarded to 17 affordable housing developments in Indiana and Michigan through the Bank?s 2022 Affordable Housing Program.
Freddie Mac today released its Green MBS Impact Report for 2021, providing transparency under the enterprise?s Single-Family Green Bond Framework. ?Freddie Mac?s sustainability focus strengthens our commitment to our mission and helps us drive long-term value for our stakeholders while making a difference in our communities,? said Freddie Mac?s Mark Hanson, Senior Vice President, Securitization.
Freddie Mac today set Dec. 2, 2022, as the date it intends to publish a one-time historical file reporting Social Index scores for all active and inactive or paid off mortgage-backed securities pools formed since January 2010.
Freddie Mac?s?Single-Family business today announced that its Credit Risk Transfer program reported Third Quarter 2022 CRT issuance of approximately $4.7 billion, protecting approximately $136 billion in unpaid principal balance of single-family mortgages.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.61 percent. ?Mortgage rates tumbled this week due to incoming data that suggests inflation may have peaked,? said Sam Khater, Freddie Mac?s Chief Economist. Khater added, ?Over the last fifty years, Freddie Mac has closely monitored the trajectory of mortgage rates.
Homeownership continues to be something to strive for among ?Generation Z,? the demographic cohort following Millennials, according to a new survey from Freddie Mac.
Greystone, a leading national commercial real estate finance company, has provided $39,173,000 in Freddie Mac Optigo? Small Balance Loans to refinance a portfolio of 10 multifamily properties consisting of 287 units located in and around Newark, New Jersey.
The Federal Home Loan Bank of Indianapolis Board of Directors has announced that it is seeking candidates to fill one vacant independent directorship, with a term that runs through Dec. 31, 2024.
Federal Home Loan Bank of Atlanta today announced its 2022 Affordable Housing Program General Fund awards. For the complete list of 2022 winners, click here. AHP General Funds are awarded annually through a competitive application process.
Greystone, a leading national commercial real estate finance company, has provided a $62,746,000 Fannie Mae Delegated Underwriting & Servicing Green Rewards loan to refinance a 330-unit multifamily property in Lehi, Utah. Constructed in 2020, Lehi Tech is mid-rise apartment community with five elevator buildings that features one- and two-bedroom units.
Freddie Mac today published its 2023 funding calendar, which provides optional announcement dates for Reference Notes? securities and Reference Bills? securities.
Freddie Mac Multifamily?s loan purchase cap for 2023 will be $75 billion. ?The loan purchase cap and new mission-driven requirements will shape how we approach the multifamily market in the year ahead,? said Kevin Palmer, head of Multifamily for Freddie Mac. FHFA defines its mission-driven requirements in Appendix A of its Scorecard.
A new survey from Freddie Mac found that 64% of active-duty servicemembers transitioning to civilian life expect their search for affordable housing to be extremely or somewhat challenging.
Freddie Mac today released the results of its?Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 7.08 percent. ?As the housing market adjusts to rapidly tightening monetary policy, mortgage rates again surpassed seven percent,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today reported its third quarter 2022 financial results and filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission. The company will hold a call at 9 a.m. Eastern Time today, November 8, 2022, to share its results with the media. Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.
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.
Log In Required
Line of Credit Log In Required
Publication Date