Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.32 percent. ?Following the release of a stronger-than-expected September jobs report, the 30-year fixed rate mortgage saw the largest one-week increase since April,? said Sam Khater, Freddie Mac?s Chief Economist.
Federal Home Loan Bank of Atlanta is supporting recovery and relief efforts for those affected by Hurricane Helene, donating $250,000 to the American Red Cross and making up to $2 million available through its Community Rebuild and Restore Product to assist with the rehabilitation of homes damaged by the storm.
Greystone, a leading national commercial real estate finance company, announced it has provided a Freddie Mac loan to refinance a 357-unit multifamily property located in Schaumburg, IL. The financing was originated by Eric Rosenstock and Dan Sacks, both Senior Managing Directors at Greystone, on behalf of Bayshore Properties.
Freddie Mac today announced that it has commenced a fixed-price cash tender offer for the purchase of any and all of the STACR? Notes listed in the table below beginning Monday, October 7, 2024. Freddie Mac has engaged Wells Fargo Securities, LLC and StoneX Financial Inc. as lead dealer managers and CastleOak Securities, L.P. as co-dealer manager for the Offer.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.12 percent. ?The decline in mortgage rates has stalled due to a mix of escalating geopolitical tensions and a rebound in short-term rates that indicate the market?s enthusiasm on rate cuts was premature,? said Sam Khater, Freddie Mac?s Chief Economist.
TopLine Financial Credit Union, a Twin Cities-based member-owned financial services cooperative, partnered with Federal Home Loan Bank of Des Moines, a member-owned cooperative that provides funding solutions, to help make homebuying and refinancing more affordable for members by offering a new Mortgage Rate Relief Program.
Greystone, a leading national commercial real estate finance company, has provided an $18,220,000 Fannie Mae Delegated Underwriting & Servicing loan for the acquisition of a 139-unit multifamily property in Chicago, Illinois. Originally constructed in 1927, Cornelia-Stratford in Cook County is a mid-rise apartment building featuring studio, one-, two-, three- and four-bedroom units.
Freddie Mac today announced it sold via auction 982 deeply delinquent non-performing residential first lien loans from its mortgage-related investments portfolio. The loans in the SPO? offering were offered as one pool of mortgage loans.
Freddie Mac today is reminding homeowners and mortgage servicers of its immediate relief options for those impacted by Hurricane Helene. ?For those impacted by Hurricane Helene throughout the Southeast, Freddie Mac and our partners stand ready to provide immediate assistance,? said Mike Reynolds, Freddie Mac Single-Family Vice President and Head of Servicing.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.08 percent. ?Although this week?s decline was slight, the 30-year fixed-rate mortgage trended down to its lowest level in two years,? said Sam Khater, Freddie Mac?s Chief Economist.
Unity Bank is proud to announce that five local businesses have each been awarded $10,000 grants through the Federal Home Loan Bank of New York Small Business Recovery Grant Program. These grants aim to help businesses overcome challenges posed by inflation, supply chain constraints, rising energy costs, and a volatile rate environment.
Freddie Mac today posted to its website its Monthly Volume Summary for August 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 Atlanta announced its 2024 Heirs? Property Family Wealth Protection Fund, allocating $5 million to assist organizations with the prevention and resolution of heirs? property issues.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.09 percent. ?Mortgage rates continued declining towards the six percent mark, reviving purchase and refinance demand for many consumers,? said Sam Khater, Freddie Mac?s Chief Economist.
Greystone, a leading national commercial real estate finance company, has provided a $41,535,000 Freddie Mac Optigo? loan to refinance a 252-unit multifamily property in Winter Park, FL. The financing was originated by Haig Kilicyan and Donny Rosenberg of Greystone on behalf of White Eagle Group.
The Freddie Mac Multifamily Apartment Investment Market Index? rose nationwide by 0.3% quarter over quarter and 2.2% year over year, according to data released today.
Opendoor Technologies Inc. (OPEN), a leading e-commerce platform for residential real estate transactions, today announced that David Benson, former President of Fannie Mae, has been appointed to its Board of Directors, effective immediately. ?I am thrilled to welcome David to our Board. ?I am pleased to join the Board of Opendoor,? said Mr. Benson.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.20 percent. ?Mortgage rates have fallen more than half a percent over the last six weeks and are at their lowest level since February 2023,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac announced today the pricing of its second Seasoned Credit Risk Transfer Trust offering of 2024?a securitization of approximately $658 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned re-performing loans.
Freddie Mac today announced that its Board of Directors has selected real estate and financial services industry veteran Diana Reid to serve as the company?s chief executive officer, effective immediately.
Greystone, a leading national commercial real estate finance company, announced it has closed a Freddie Mac loan and preferred equity component to refinance a 288-unit multifamily property located in North Carolina. Greystone provided a $50,071,000 10-year Freddie Mac Optigo? loan with an additional $6,250,000 in preferred equity funds provided by Lubert Adler.
Freddie Mac today announced the tender results of its previously announced offer to purchase any and all of the STACR? Notes listed in the table below. The Company has conducted the Offer in accordance with the conditions set forth in the Offer to Purchase dated August 29, 2024 and related Notice of Guaranteed Delivery dated August 29, 2024.
Freddie Mac today released the results of its Primary Mortgage Market Survey??, showing the 30-year fixed-rate mortgage averaged 6.35 percent. ?Mortgage rates remained flat this week as markets await the release of the highly anticipated August jobs report,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac announced today it will offer approximately $233 million in non-performing loans for sale via auction. The NPLs are being marketed via three pools: a Standard Pool Offering and two Extended Timeline Pool Offerings, which target participation by smaller investors, including non-profits and Minority, Women, Disabled, LGBTQ+, Veteran or Service-Disabled Veteran-Owned Businesses.
Comprehensive Housing Assistance, Inc., together with the Federal Home Loan Bank of Atlanta and Truist, along with State, City and foundation funding, are pleased to showcase the completion of Woodland Gardens I, a new four-story building providing attractive, affordable housing in Baltimore, Maryland.
Freddie Mac today released the results of its Primary Mortgage Market Survey??, showing the 30-year fixed-rate mortgage averaged 6.35 percent. "Mortgage rates fell again this week due to expectations of a Fed rate cut,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today announced that it has commenced a fixed-price cash tender offer for the purchase of any and all of the STACR? Notes listed in the table below beginning Thursday, August 29, 2024. Freddie Mac has engaged Citigroup Global Markets Inc. and BofA Securities, Inc. as lead dealer managers and Academy Securities, Inc. as co-dealer manager for the Offer.
Freddie Mac? Multifamily today published an overview of its policy framework to require minimum lease standards at multifamily properties with a new enterprise-backed loan. The policy framework, which was published jointly by both Freddie Mac and Fannie Mae on their respective websites today, includes an overview of implementation, monitoring and enforcement provisions.
Freddie Mac today posted to its website its Monthly Volume Summary for July 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 total of $21,503,000 in Fannie Mae Delegated Underwriting & Servicing loans to refinance two multifamily properties in New York City?s Harlem neighborhood.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.46 percent. ?Although mortgage rates have stayed relatively flat over the past couple of weeks, softer incoming economic data suggest rates will gently slope downward through the end of the year,? said Sam Khater, Freddie Mac?s Chief Economist.
NMI Holdings, Inc. (NMIH), the parent company of?National Mortgage Insurance Corporation?, today provided guidance on its capital position under the revised Private Mortgage Insurer Eligibility Requirements released by?Fannie Mae?and?Freddie Mac?, and the?Federal Housing Finance Administration? on?August 21, 2024.
Enact Holdings, Inc. (ACT), a leading provider of private mortgage insurance through its insurance subsidiaries, today addressed the updated Private Mortgage Insurer Eligibility Requirements released by Fannie Mae and Freddie Mac, and the Federal Housing Finance Administration on August 21, 2024 which will be phased-in between March 31, 2025 and September 30, 2026.
Trimont, the leading global commercial real estate loan services provider, has entered into a definitive agreement to purchase Wells Fargo?s non-agency third-party Commercial Mortgage Servicing business, the largest servicer of CRE securitized debt in the U.S. The transaction, backed by V?rde Partners, positions Trimont as the largest loan servicer, managing a combined $640 billion of loans in ...
Image: CS 2024 Winners The Federal Home Loan Bank of Indianapolis has awarded the 2024 Community Spirit Award to Vice President James Parker of Central Savings Bank in Sault Ste.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.49 percent. ?While rates increased slightly this week, they remain more than half a percent lower than the same time last year,? said Sam Khater, Freddie Mac?s Chief Economist.
Greystone, a leading national commercial real estate finance company, has provided an $18,620,000 Fannie Mae Delegated Underwriting & Servicing loan for the acquisition of a 204-unit multifamily property in Fort Worth, Texas. Constructed in 2003, The Residences of Diamond Hill in Tarrant County is a 40-building garden-style apartment community featuring two-, three- and four-bedroom apartments.
Federal Home Loan Bank of Atlanta announced today that it has appointed Tanya Eastwood to its Affordable Housing Advisory Council. In this role on the Council, Eastwood will work closely with her fellow councilmembers and the FHLBank Atlanta board of directors and management team to support community lending and housing finance needs within FHLBank Atlanta?s district.
Michael P. Puorro, Chairman and Chief Executive Officer of Hanover Bancorp, Inc. (HNVR) the bank holding company for Hanover Community Bank, today announced grants to seventeen local not-for-profit organizations as a part of the Federal Home Loan Bank of New York?s Small Business Recovery Grant Program.
Federal Home Loan Bank of Indianapolis today announced that more than two dozen Indiana small businesses with receive the Bank?s annual Elevate Small Business Grant, totaling more than $550,000 in awards statewide.
Federal Home Loan Bank of Indianapolis today announced that nearly two dozen Michigan small businesses will receive the Bank?s annual Elevate Small Business Grant, totaling $450,000 in awards statewide.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.73 percent. ?Mortgage rates declined to their lowest level since early February,? said Sam Khater, Freddie Mac?s Chief Economist.
Greystone, a leading national commercial real estate finance company, has provided a $74,576,000 Fannie Mae Delegated Underwriting & Servicing loan to refinance a 672-unit multifamily property in Burleson, Texas. Constructed in 2023, Shannon Creek Apartments in Johnson County is a garden-style community with 24 buildings featuring one- and two-bedroom units.
In response to recent emergency declarations in Indiana and Michigan, the Federal Home Loan Bank of Indianapolis will open its Disaster Relief Program to residents in affected counties across the two states.
Federal Home Loan Bank of Atlanta announced today that it will make an additional $10 million in Workforce Housing Plus+ Program funding available on Wednesday, July 31. FHLBank Atlanta members can apply for up to $500,000 on a first-come, first-served basis and use funding awarded to grant eligible homeowners up to $15,000 for downpayment and closing cost assistance.
Freddie Mac today reported its Second 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, July 31, 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 Second Quarter 2024 financial results before the U.S. financial markets open on Wednesday, July 31, 2024. The company will hold a call at 9 a.m. Eastern Time on Wednesday, July 31, 2024, to share the company?s results with the media. Freddie Mac?s mission is to make home possible for families across the nation.
The Federal Home Loan Bank of New York launched the 2024 Round of its Small Business Recovery Grant Program with $5 million in grant funding available to local small businesses and non-profits through the FHLBNY?s members. ?Small businesses and non-profits continue to face economic challenges,? said Jos? R. Gonz?lez, president and CEO of the FHLBNY.
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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