News Results

  1. Fannie Mae names former JPMorgan MD Priscilla Almodovar as new CEO
    Reuters | 09/29/22 05:05 PM EDT

    - U.S. mortgage lender Fannie Mae on Thursday named Priscilla Almodovar, a former managing director at JPMorgan Chase & Co, as its chief executive officer effective Dec. 5. Almodovar will replace interim CEO David Benson, who took over the top job in May after former chief Hugh Frater retired.

  2. Fannie Mae names former JPMorgan MD Priscilla Almodovar as new CEO
    Reuters | 09/29/22 05:00 PM EDT

    U.S. mortgage lender Fannie Mae on Thursday named Priscilla Almodovar, a former managing director at JPMorgan Chase & Co, as its chief executive officer effective Dec. 5. Almodovar will replace interim CEO David Benson, who took over the top job in May after former chief Hugh Frater retired.

  3. BRIEF-Fannie Mae Announces Priscilla Almodovar As Chief Executive Officer
    Reuters | 09/29/22 04:30 PM EDT

    Federal National Mortgage Association (FNMA): * FANNIE MAE ANNOUNCES PRISCILLA ALMODOVAR AS CHIEF EXECUTIVE OFFICER. * FANNIE MAE - APPOINTED PRISCILLA ALMODOVAR AS CHIEF EXECUTIVE OFFICER AND MEMBER OF BOARD OF DIRECTORS, EFFECTIVE DECEMBER 5, 2022. * FANNIE MAE - ALMODOVAR WILL SUCCEED DAVID C. BENSON Source text for Eikon: Further company coverage:

  4. BRIEF-NY Fed's Statement Regarding Agency Mortgage-Backed Securities Small Value Exercise
    Reuters | 09/29/22 03:07 PM EDT

    * NY FED'S STATEMENT REGARDING AGENCY MORTGAGE-BACKED SECURITIES SMALL VALUE EXERCISE. * NY FED- DESK INTENDS TO CONDUCT FOUR SMALL VALUE AGENCY MBS COUPON SWAP OPERATIONS ON OCTOBER 6, 2022. * NY FED-INTENDS TO SWAP OUT OF FOLLOWING UNSETTLED OCTOBER TBA POSITIONS FOR OTHER READILY AVAILABLE MBS: 30-YEAR UMBS 4.5 AND 4.0 PERCENT COUPONS, 15-YEAR UMBS 4.0 PERCENT COUPON.

  5. BRIEF-Freddie Mac - Total Mortgage Portfolio Increased At An Annualized Rate Of 7.2% In August
    Reuters | 09/26/22 04:37 PM EDT

    Federal Home Loan Mortgage Corp (FMCC) : * FREDDIE MAC - TOTAL MORTGAGE PORTFOLIO INCREASED AT AN ANNUALIZED RATE OF 7.2% IN AUGUST. * FREDDIE MAC - SINGLE-FAMILY REFINANCE-LOAN PURCHASE AND GUARANTEE VOLUME WAS $8.7 BILLION IN AUGUST. * FREDDIE MAC - SINGLE-FAMILY DELINQUENCY RATE DECREASED FROM 0.73% IN JULY TO 0.70% IN AUGUST Source text for Eikon: Further company coverage:

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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