News Results

  1. Greystone Provides $22.6 Million in Fannie Mae DUS? Financing for Multifamily Property in College Station, Texas
    GlobeNewswire | 09/29/22 02:30 PM EDT

    Greystone, a leading national commercial real estate finance company, has provided a $22.6 million Fannie Mae Delegated Underwriting & Servicing loan to refinance a 262-unit multifamily property in Bryan, Texas. Constructed in 2011, 21 Gramercy Park in Brazos County is a garden-style apartment community consisting of 21 buildings with one-, two- and three-bedroom units.

  2. Greystone Provides $14 Million in Freddie Mac Financing for?Multifamily Property in Atlanta
    GlobeNewswire | 09/29/22 02:25 PM EDT

    Greystone, a leading national commercial real estate finance company, has provided a $13,928,000 Freddie Mac loan to refinance a 120-unit multifamily property in Newnan, Georgia. Constructed in 1990, Jefferson Point Apartments in Coweta County consists of 10 garden-style buildings with one-, two- and three-bedroom units.

  3. Mortgage Rates Rise for the Sixth Consecutive Week
    GlobeNewswire | 09/29/22 10:00 AM EDT

    Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 6.70 percent. ?The uncertainty and volatility in financial markets is heavily impacting mortgage rates,? said Sam Khater, Freddie Mac?s Chief Economist.

  4. New RentPlus and Fannie Mae Program to Help Renters Build Credit
    GlobeNewswire | 09/29/22 06:00 AM EDT

    Rent Dynamics is excited to announce that RentPlus, powered by Rent Dynamics, will work with Fannie Mae to grow their program to help renters build credit by working with owners and managers to report on-time rental payments to the three major credit reporting bureaus.

  5. Esusu and Fannie Mae Team up to Create Equitable Financial Opportunities Through Rent Reporting
    GlobeNewswire | 09/27/22 09:00 AM EDT

    Esusu Financial Inc. today announced a new collaboration with Fannie Mae to help renters build credit by incorporating on-time rent payments into renter's credit scores as part of its strategy to advance equity in the housing market. Beginning today, Fannie Mae will cover the first full year of service fees for Esusu?s platform plus discounted fees thereafter for any borrower who enrolls.

  6. Freddie Mac Issues Monthly Volume Summary for August 2022
    GlobeNewswire | 09/26/22 04:35 PM EDT

    Freddie Mac today posted to its website its Monthly Volume Summary for August 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.

  7. UMH PROPERTIES, INC. ANNOUNCES COMMUNITY AND RENTAL HOME ADDITIONS TO FANNIE MAE CREDIT FACILITY
    GlobeNewswire | 09/26/22 08:00 AM EDT

    UMH Properties, Inc. (UMH) today announced that it recently completed the addition of two tranches to its Fannie Mae credit facility through Wells Fargo Bank, N.A., for total proceeds of approximately $34 million. Samuel A. Landy, President and Chief Executive Officer commented, "We are proud to announce our community and rental home additions to our Fannie Mae credit facility.

  8. Greystone Provides $25.3 Million in Fannie Mae DUS? Financing for?Multifamily Property in Atlanta
    GlobeNewswire | 09/23/22 10:12 AM EDT

    Greystone, a leading national commercial real estate finance company, has provided a $25,251,000 Fannie Mae Delegated Underwriting & Servicing loan to refinance a 232-unit multifamily property in Covington, Georgia. Constructed in 1999, Leaf Stone Apartments in Newton County consists of 11 garden-style buildings with one-, two- and three-bedroom units.

  9. The 30-year Fixed-Rate Mortgage Increased by a Quarter of a Percent this Week
    GlobeNewswire | 09/22/22 10:00 AM EDT

    Freddie Mac today released the results of its Primary Mortgage Market Survey??, showing that the 30-year fixed-rate mortgage averaged 6.29 percent. ?The housing market continues to face headwinds as mortgage rates increase again this week, following the 10-year Treasury yield?s jump to its highest level since 2011,? said Sam Khater, Freddie Mac?s Chief Economist.

  10. Mortgage Rates Exceed Six Percent for the First Time Since 2008
    GlobeNewswire | 09/15/22 10:06 AM EDT

    Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 6.02 percent. ?Mortgage rates continued to rise alongside hotter-than-expected inflation numbers this week, exceeding six percent for the first time since late 2008,? said Sam Khater, Freddie Mac?s Chief Economist.

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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