Freddie Mac? Multifamily today announced its 2024 production volume totaled $66 billion, a 34% increase over 2023. ?Every day, we go to work to provide liquidity, stability and affordability to the multifamily market. Freddie Mac data released today indicates that the company will achieve its 2024 Multifamily affordable housing goals set by the Federal Housing Finance Agency.
Freddie Mac??and Intercontinental Exchange, Inc. (ICE), a leading global provider of technology and data, today announced enhancements that leverage both companies? automation technologies to enable lenders to more quickly and efficiently underwrite mortgage loans starting at the point of sale.
The Federal Home Loan Bank of Indianapolis and LISC Detroit announced today a new program designed to help resolve and prevent ongoing heirs? property issues in the city of Detroit.
Freddie Mac today is reminding homeowners and mortgage servicers of its immediate relief options for those affected by the tragic wildfires in California. ?The number one priority for those affected by the destruction of these ongoing wildfires is to reach safety,? said Mike Reynolds, Freddie Mac Single-Family Vice President and Head of Servicing.
Federal Home Loan Bank of Atlanta announced today that it has appointed four new members to its Affordable Housing Advisory Council. Scott Farmer is executive director of the North Carolina Housing Finance Agency, overseeing the organization?s financing of more than $2 billion of affordable housing and its work to assist more than 11,000 households in the state each year.
Freddie Mac? issued $56 billion of securities through its multifamily risk transfer platform in 2024, transferring interest rate risk, liquidity risk and the majority of expected credit risk away from U.S. taxpayers to private investors.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.93 percent. "In the first full week of the new year, the 30-year fixed-rate mortgage remained elevated at just under 7 percent,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac?s? newly released Outlook forecasts multifamily originations to rise in 2025, while predicting modest rent growth below the long-term average and a slight increase in vacancy rates, which will remain above the long-term average. Analysis in the Outlook notes that through the end of 2024, despite strong demand, record-high supply kept market fundamentals muted.
Freddie Mac today announced the election of Jane E. Prokop, Ph.D. to its Board of Directors, which was effective on January 2, 2025. ?Ms. Prokop brings nearly 30 years of strategic insights, broad financial services experience and cutting-edge financial technology expertise to support Freddie Mac?s mission,? said Lance Drummond, Chair of Freddie Mac?s Board of Directors.
Freddie Mac? today announced the appointment of James Whitlinger as executive vice president and chief financial officer, effective January 1, 2025. ?It?s with great pleasure that we announce Jim Whitlinger as the company?s new chief financial officer,? said Diana Reid, Chief Executive Officer of Freddie Mac.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.91 percent. ?Inching up to just shy of seven percent, mortgage rates reached their highest point in nearly six months,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today published on its website the National Association of Insurance Commissioners 2024 filing year designations for certain STACR REMIC Trust, STACR Trust, and STACR Debt Notes. Overall, of the 209 reviewed STACR Notes, all have achieved NAIC 1 Designation including all A1, M1 and M2 Notes offered through 2024 STACR transactions.
Freddie Mac today released the results of its Primary Mortgage Market Survey??, showing the 30-year fixed-rate mortgage averaged 6.85 percent. ?Mortgage rates increased for the second straight week, rebounding after a decline from earlier this month,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today posted to its website its Monthly Volume Summary for November 2024, which provides information on Freddie Mac?s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments. Freddie Mac?s mission is to make home possible for families across the nation.
Federal Home Loan Bank of Des Moines is pleased to announce that more than $100 million will be awarded to 55 affordable housing initiatives in its district. ?FHLB Des Moines is very honored to play an important role in enabling our members? communities to be strong and vibrant places to work and live,? says Kris Williams,?president and CEO of FHLB Des Moines.
Federal Home Loan Bank of Atlanta today announced the recipients of its 2024 Affordable Housing Program General Fund awards. For the complete list of 2024 awards, click here. ?Each year, we are proud of how our member institutions leverage this annual fund to strengthen their communities and expand access to affordable housing,? said FHLBank Atlanta President and CEO Kirk Malmberg.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.72 percent. ?This week, mortgage rates crept up to a similar average as this time in 2023,? said Sam Khater, Freddie Mac?s Chief Economist.
The Freddie Mac Multifamily Apartment Investment Market Index? rose nationwide by 5.3% quarter-over-quarter and 9.2% year-over-year, according to new data released today, continuing an upward trend. ?AIMI increased as mortgage rates fell, decreasing the cost of financing,? said Sara Hoffmann, senior director of Multifamily Research at Freddie Mac.
Greystone, a leading national commercial real estate finance company, announced it has assisted Cedar Rapids Bank and Trust in completing a $157 million Freddie Mac Q-Series securitization.
Three quarters of homeowners born before 1964 are likely to leave much of their $17 trillion in home equity to their children, according to Freddie Mac?s latest analysis of the housing perceptions, preferences and plans of Baby Boomers.
A new joint report by the Federal Home Loan Bank of Indianapolis and Black Onyx Management found more than 1,800 heirs? properties ? land or property passed down among family members without a formal will or estate plan after the owner?s death ? collectively valued at more than $258 million in Marion and Allen counties, two of Indiana?s most populated counties.
The Federal Home Loan Bank of New York announced today the results of the 2024 election for four positions on the FHLBNY?s Board of Directors whose terms will each commence on January 1, 2025. The specific results of the election were as follows: ?An active and engaged Board is key to the strength of any institution,? said Jos? R. Gonz?lez, president and CEO of the FHLBNY.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.60 percent. ?The 30-year fixed-rate mortgage decreased for the third consecutive week,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.69 percent. ?This week, mortgage rates decreased to their lowest level in over a month,? said Sam Khater, Freddie Mac?s Chief Economist.
Funds incentivize member institutions to originate conventional loans at below-market rates, benefiting hundreds of residents in Indiana and Michigan In response to heavy member demand, the Board of Directors of the Federal Home Loan Bank of Indianapolis recently approved adding $2.7 million to its new Rate Advantage Program, bringing the total program allocation to $6.7 million to make homeown...
Freddie Mac Multifamily today published the results of an analysis that examined challenges facing low-income renters as they seek to use Housing Choice Vouchers. ?Freddie Mac?s findings demonstrate that voucher usage is generally lower among areas that provide greater access to opportunity,? said Sara Hoffmann, senior director of Multifamily Research at Freddie Mac.
The Federal Home Loan Bank of New York announced today that Jos? R. Gonz?lez, president and Chief Executive Officer of the FHLBNY, will retire from the FHLBNY on April 4, 2025, and that Randolph C. Snook, Chief Executive Officer of the FHLBanks Office of Finance, has been named as his successor to the role.
Greystone, a leading national commercial real estate finance company, announced it has assisted Webster Bank N.A. in completing a $303 million Freddie Mac Q-Series securitization. The transaction was led on behalf of Webster Bank by Greystone?s Structured Products Group, including Leena Amin, Senior Managing Director; Greg Darling, Managing Director; and Directors Max Garelick and Scott Fuller.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.81 percent. ?The 30-year fixed-rate mortgage moved down this week, but not by much,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today posted to its website its Monthly Volume Summary for October 2024, which provides information on Freddie Mac?s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments. Freddie Mac?s mission is to make home possible for families across the nation.
Greystone, a leading national commercial real estate finance company, has provided a $26,109,000 Freddie Mac loan to refinance a 180-unit multifamily property in Myrtle Beach, South Carolina. Originally constructed in 1998, Reserve at Ridgewood in Horry County is a garden-style apartment community featuring two- and three-bedroom units set across 15 residential buildings.
The Federal Home Loan Bank of Indianapolis announced today that the $16.8 million allocated for its 2024 Affordable Housing Program awardees based in Indiana set a single-year Bank record for affordable housing project funding, eclipsing the previous record of $13.5 million in 2014.
The Federal Home Loan Bank of Indianapolis announced today that the $17.7 million allocated for its 2024 Affordable Housing Program awardees based in Michigan set a single-year Bank record for affordable housing project funding in the state, eclipsing the previous record of $6.6 million in 2023.
Jos? R. Gonz?lez, president and CEO of the Federal Home Loan Bank of New York, announced that the FHLBNY has awarded a record $70.8 million in subsidies to fund 61 affordable housing initiatives throughout New Jersey, New York, Puerto Rico, Connecticut, Maine, Maryland, Pennsylvania, Texas and Wisconsin.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.84 percent. ?Mortgage rates ticked back up this week, continuing to approach 7 percent,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac Multifamily today announced a new CUSIP registration capability to better align its ML-Deal offerings for both commercial mortgage-backed securities and municipal bond investors, increasing liquidity across both markets and advancing Freddie Mac?s mission.
Freddie Mac Multifamily?s loan purchase cap for 2025 will be $73 billion. ?Freddie Mac will continue to adapt to market conditions and meet our mission to provide liquidity, stability and affordability throughout all market cycles,? said Kevin Palmer, head of Multifamily for Freddie Mac. FHFA defines its mission-driven requirements in Appendix A of its Scorecard.
Greystone, a leading national commercial real estate finance company, has provided a $32,000,000 Commercial Mortgage Backed Security loan to refinance a 90-unit affordable housing property in Brooklyn, New York. Constructed in 2023 and located in the Clinton Hill neighborhood of Brooklyn, 58 Vanderbilt Avenue is a high-rise apartment building featuring studio-, one- and two-bedroom units.
Bank of the Pacific is proud to announce its continued commitment to our communities by partnering with the Federal Home Loan Bank of Des Moines to award eight non-profit associations in Washington state grants through the FHLB Member Impact Fund.
The Florida Bankers Association and Federal Home Loan Bank of Atlanta are hosting an inaugural Affordable Housing Summit in Miami today, bringing bank, business, and civic leaders together to discuss affordable housing solutions in the state. ?Affordable housing is essential for Florida?s continued economic vitality,? said Kathy Kraninger, President & CEO of the FBA.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.78 percent. ?After a six-week climb, rates have leveled off, but overall affordability continues to be an issue for potential homebuyers,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac and the Federal Home Loan Bank of Des Moines today announced a collaboration to help increase affordable housing finance options on tribal lands. "Freddie Mac and FHLB Des Moines can be impactful partners in attracting capital to support Native American homeownership," said Sonu Mittal, SVP and head of Single-Family Acquisitions at Freddie Mac.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.79 percent. ?Mortgage rates continued to inch up this week, reaching 6.79 percent,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.72 percent. ?Increasing for the fifth consecutive week, mortgage rates reached their highest level since the beginning of August,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today reported its Third Quarter 2024 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, October 30, 2024, to share its results with the media. Freddie Mac?s mission is to make home possible for families across the nation.
Freddie Mac announced today that it plans to report its Third Quarter 2024 financial results before the U.S. financial markets open on Wednesday, October 30, 2024. The company will hold a call at 9 a.m. Eastern Time on Wednesday, October 30, 2024, to share the company?s results with the media. Freddie Mac?s mission is to make home possible for families across the nation.
Today the Board of Directors of the Federal Home Loan Bank of Indianapolis declared its third quarter 2024 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 9.50% and 4.50%, respectively. The dividends will be paid in cash on October?30, 2024.
Greystone, a leading national commercial real estate finance company, has provided a total of $103,740,000 in Freddie Mac Optigo? loans to refinance two separate multifamily communities in Tamarac, FL and Birmingham, AL. The financing was originated by Haig Kilicyan and Donny Rosenberg of Greystone on behalf of White Eagle Group.
The Federal Home Loan Bank of Indianapolis today announced the results of the election of two Indiana Member Directors and three Independent Directors to its Board of Directors.
Freddie Mac announced today several measures that will boost housing affordability for borrowers and first-time homebuyers in particular. The announcements were made at the Mortgage Bankers Association?s Annual Convention, taking place in Denver from October 27-30.
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.
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