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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Freddie Mac Multifamily today announced the creation of a Low-Income Housing Tax Credit Syndicator Fund with Berkadia, aiding the agency?s effort to invest up to $850 million in equity annually to create and preserve affordable housing across the country.
Ocwen Financial Corporation (OCN), a leading non-bank mortgage servicer and originator, issued the following statement in response to the minimum financial eligibility requirements for enterprise seller/servicers and Ginnie Mae issuers announced by the Federal Housing Finance Agency and Ginnie Mae.
Freddie Mac announced today the pricing of its second Seasoned Credit Risk Transfer Trust offering of 2022?a securitization of approximately $536 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned re-performing loans.
The Freddie Mac Multifamily?Apartment Investment Market Index? fell by 11.7% in the second quarter of 2022, with the index down 17.9% compared with the second quarter of 2021. ?The impact of the rapid and substantial increase in both mortgage rates and property prices is evident in this quarter?s AIMI,? 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 that the 30-year fixed-rate mortgage averaged 5.89 percent. ?Mortgage rates rose again as markets continue to manage the prospect of more aggressive monetary policy due to elevated inflation,? said Sam Khater, Freddie Mac?s Chief Economist.
Greystone, a leading national commercial real estate finance company, has provided an $11,044,000 Fannie Mae Delegated Servicing and Underwriting loan to refinance Broadway Park Apartments, a 224-unit multifamily property in Houston, Texas. The $11 million fixed-rate, non-recourse loan includes a 10-year term and 4 years of interest-only.
Freddie Mac today released the results of its Primary Mortgage Market Survey, showing that the 30-year fixed-rate mortgage averaged 5.66 percent. ?The market?s renewed perception of a more aggressive monetary policy stance has driven mortgage rates up to almost double what they were a year ago,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac?s Single-Family business today announced that its Credit Risk Transfer program reported Second Quarter 2022 CRT issuance of approximately $6.5 billion, protecting approximately $151 billion in unpaid principal balance of single-family mortgages. Additionally, record first half 2022 issuances totaled nearly $15 billion, protecting $358 billion UPB of single-family mortgages.
Federal Home Loan Bank of Atlanta announced today that it is making $1 million in grant funding available to organizations that submitted pilot initiatives during last year?s Heirs? Property Prevention and Resolution Funders? Forum.
Freddie Mac today posted to its website its Monthly Volume Summary for July 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 that the 30-year fixed-rate mortgage averaged 5.55 percent. ?The combination of higher mortgage rates and the slowdown in economic growth is weighing on the housing market,? said Sam Khater, Freddie Mac?s Chief Economist.
Greystone, a leading national commercial real estate finance company, has provided a $15,340,000 Fannie Mae Delegated Underwriting and Servicing Green Rewards loan to refinance a 103-unit multifamily property in Fall River, Massachusetts.
Freddie Mac Multifamily today announced that Ian Ouwerkerk has been named senior vice president of Underwriting & Credit. ?Ian is a strong leader with a proven track record implementing strategic, forward thinking solutions partnering with our Optigo? lenders and driving business results,? said Kevin Palmer, head of Multifamily at Freddie Mac.
Federal Home Loan Bank of Atlanta announced today that it is making an additional $5 million in funding available in 2022 to its members through its AHP Homeownership Set-aside Program. The additional funding will be available beginning August 29, 2022, through FHLBank Atlanta?s First-time Homebuyer Product and the Bank?s Community Partners Product.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 5.13 percent. ?Inflation appears to be beyond its peak, which has stopped the rapid increase in mortgage rates that the housing market was experiencing earlier this year,? said Sam Khater, Freddie Mac?s Chief Economist.
Nearly 60% of renters say their rents increased in the past 12 months, with a ratio of nearly 1 in 3 seeing rent increases of 10% or more, according to a newly released Freddie Mac survey. ?The surge in rents that took place over the last 12 months has created even greater housing uncertainty for the most vulnerable renters,? said Kevin Palmer, head of Freddie Mac Multifamily.
Freddie Mac today updated the tender results of its previously announced offer to purchase any and all of the STACR? Debt Notes listed below. The Company has conducted the Offer in accordance with the conditions set forth in the Offer to Purchase dated August 2, 2022 and related Notice of Guaranteed Delivery dated August 2, 2022.
Freddie Mac today posted the results of its 2022 stress test for the severely adverse scenario conducted under the Federal Housing Finance Agency?s implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act. 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 that the 30-year fixed-rate mortgage averaged 5.22 percent. ?The 30-year fixed-rate went back up to well over five percent this week, a reminder that recent volatility remains persistent,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today announced the tender results of its previously announced offer to purchase any and all of the STACR? Debt Notes listed below. The Company has conducted the Offer in accordance with the conditions set forth in the Offer to Purchase dated August 2, 2022 and related Notice of Guaranteed Delivery dated August 2, 2022.
Freddie Mac today released the results of its Primary Mortgage Market Survey??, showing that the 30-year fixed-rate mortgage averaged 4.99 percent. ?Mortgage rates remained volatile due to the tug of war between inflationary pressures and a clear slowdown in economic growth,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today announced the first servicer to integrate their proprietary system with Freddie Mac?s Resolve? default management tool via an application programming interface is Mr. Cooper.
After six months of healthy growth in multifamily fundamentals, Freddie Mac projects the pace of growth will begin to moderate through the remainder of 2022.
Freddie Mac today announced that it has commenced a fixed-price cash tender offer for the purchase of any and all of the STACR? debt notes listed below beginning Tuesday, August 2, 2022. Freddie Mac has engaged BofA Securities, Inc. and Wells Fargo Securities, LLC as lead dealer managers and Academy Securities, Inc. as co-dealer manager for the Offer.
The Federal Home Loan Bank of San Francisco today announced its operating results for the second quarter of 2022. The $7 million decrease in net income relative to the prior-year period was primarily attributable to a change of $5 million in other income/ and an increase of $5 million in the provision for credit losses and was partially offset by an increase in net interest income of $1 million.
Today the Board of Directors of the Federal Home Loan Bank of Indianapolis declared its second quarter 2022 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 4.75% and 1.25%, respectively.
The board of directors of the Federal Home Loan Bank of Atlanta today approved a second quarter 2022 cash dividend at an annualized rate of 4.11 percent. ?FHLBank Atlanta works hard to deliver consistent value to our members through all economic cycles,? said FHLBank Atlanta Chair of the Board, Rick Whaley.
Federal Home Loan Bank of Atlanta today released preliminary unaudited financial highlights for the quarter ended June?30, 2022. Net income for the second quarter of 2022 was $27 million, a decrease of $29 million, compared to net income of $56 million for the second quarter of 2021.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 5.30 percent. ?Purchase demand continues to tumble as the cumulative impact of higher rates, elevated home prices, increased recession risk, and declining consumer confidence take a toll on homebuyers,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today reported its second 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, July 28, 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.
Freddie Mac announced today that it plans to report its second quarter 2022 financial results before the U.S. financial markets open on Thursday, July 28, 2022. The company will hold a call at 9 a.m. Eastern Time on Thursday, July 28, 2022 to share the company?s results with the media. All materials related to the call will be available on the Investor Relations page of the company?s website.
Freddie Mac today posted to its website its Monthly Volume Summary for June 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 announced today that Dennis Hermonstyne Jr., is joining the company as senior vice president and chief compliance officer. ?Dennis is an accomplished compliance officer with a broad experience at national and international financial services firms.
With the number and cost of weather and climate disasters rising, states have implemented a range of requirements and incentives aimed at mitigating the impact on properties that benefit from federal Low-Income Housing Tax Credits.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 5.54 percent. ?The housing market remains sluggish as mortgage rates inch up for a second consecutive week,? said Sam Khater, Freddie Mac?s Chief Economist.
According to Freddie Mac, rising mortgage rates and house price appreciation will continue driving a slowdown in the single-family purchase market. ?The Federal Reserve?s action to help manage inflation has created significant volatility in mortgage rates and, by extension, the housing market,? said Sam Khater, Freddie Mac?s Chief Economist.
Federal Home Loan Bank of San Francisco president and CEO Teresa Bryce Bazemore has been named one of Savoy magazine?s 2022 Most Influential Black Executives in Corporate America. The honorees will be recognized at a reception Tuesday evening at the Martin Luther King Jr. Memorial Library in Washington, D.C., and will be profiled in the summer issue of Savoy magazine.
Greystone, a leading national commercial real estate finance company, has provided a total of $44,200,000 in Fannie Mae Delegated Underwriting and Servicing senior proceeds and mezzanine proceeds for the $49,500,000 acquisition of a 344-unit multifamily property in Mount Prospect, Illinois.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 5.51 percent. ?Mortgage rates are volatile as economic growth slows due to fiscal and monetary drags,? 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.
Log In Required
Line of Credit Log In Required
Publication Date