Federal National Mortgage Association (FNMA) : * FANNIE MAE'S GUARANTY BOOK OF BUSINESS INCREASED AT A COMPOUND ANNUALIZED RATE OF 1.2% IN OCTOBER. * CONVENTIONAL SINGLE-FAMILY SERIOUS DELINQUENCY RATE DECREASED 2 BASIS POINTS TO 0.67% IN OCTOBER. * MULTIFAMILY SERIOUS DELINQUENCY RATE INCREASED 1 BASIS POINT TO 0.27% IN OCTOBER.
The U.S. Federal Housing Finance Agency said on Tuesday the conforming loan limit values for mortgages to be acquired by Fannie Mae and Freddie Mac in 2023 for one-unit properties will be $726,200 in most of the country. That represents an increase of $79,000 from $647,200 in 2022, FHFA said.
The U.S. Federal Housing Finance Agency said on Tuesday the conforming loan limit values for mortgages to be acquired by Fannie Mae and Freddie Mac in 2023 for one-unit properties will be $726,200 in most of the country. That represents an increase of $79,000 from $647,200 in 2022, FHFA said.
-The Supreme Court on Monday declined to hear former Royal Bank of Scotland managing director Victor Hong's bid to collect a U.S. government whistleblower award of at least $490 million for reporting alleged misconduct related to the institution's sales of mortgage-backed securities.
Federal National Mortgage Association (FNMA) : * FANNIE MAE REPORTS NET INCOME OF $2.4 BILLION FOR THIRD QUARTER 2022. * FANNIE MAE - $134 BILLION IN LIQUIDITY PROVIDED TO THE SINGLE-FAMILY AND MULTIFAMILY MORTGAGE MARKETS IN THE THIRD QUARTER OF 2022. * FANNIE MAE - QTRLY NET INTEREST INCOME $ 7,124 MILLION, UP 2% * FANNIE MAE - QTRLY EPS $0.00 Source text for Eikon: Further company coverage:
Federal National Mortgage Association (FNMA) : * FANNIE MAE PRICED $392 MILLION MULTIFAMILY SOCIAL DUS REMIC UNDER ITS GEMS PROGRAM Source text for Eikon: Further company coverage:
Federal National Mortgage Association (FNMA) : * FANNIE MAE RELEASES SEPTEMBER 2022 MONTHLY SUMMARY. * FANNIE MAE- CONVENTIONAL SINGLE-FAMILY SERIOUS DELINQUENCY RATE DECREASED 3 BASIS POINTS TO 0.69% IN SEPTEMBER. * FANNIE MAE- MULTIFAMILY SERIOUS DELINQUENCY RATE DECREASED 4 BASIS POINTS TO 0.26% IN SEPTEMBER Source text for Eikon: Further company coverage:
Federal National Mortgage Association (FNMA) : * FANNIE MAE ANNOUNCES WINNER OF TWENTIETH COMMUNITY IMPACT POOL OF NON-PERFORMING LOANS. * FANNIE MAE - TRANSACTION IS EXPECTED TO CLOSE ON DECEMBER 9, 2022 Source text for Eikon: Further company coverage:
- A former Royal Bank of Scotland managing director is taking to the U.S. Supreme Court his bid to collect a whistleblower award of at least $490 million from the U.S. government for reporting what he called unlawful conduct related to mortgage-backed securities.
A former Royal Bank of Scotland managing director is taking to the U.S. Supreme Court his bid to collect a whistleblower award of at least $490 million from the U.S. government for reporting what he called unlawful conduct related to mortgage-backed securities.
* NY FED STATEMENT REGARDING AGGREGATION OF AGENCY MORTGAGE-BACKED SECURITIES HOLDINGS. * NY FED: STARTING THIS MONTH, NY FED DESK WILL BEGIN PROCESS OF CUSIP AGGREGATION, WHICH INVOLVES STREAMLINING ADMINISTRATION OF PORTION OF AGENCY MBS HELD IN SOMA. * NY FED: DESK WILL AGGREGATE FREDDIE MAC MBS HELD IN THE SOMA THAT WERE ISSUED PRIOR TO JUNE 2019 AND HAVE A 45-DAY PAYMENT DELAY.
- 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.
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.
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:
* 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.
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:
Federal National Mortgage Association (FNMA): * FANNIE MAE PRICED $604 MILLION MULTIFAMILY DUS REMIC UNDER ITS GEMS PROGRAM Source text for Eikon: Further company coverage:
Federal Home Loan Mortgage Corp (FMCC): * FREDDIE MAC PRICES APPROXIMATELY $536 MILLION SECURITIZATION OF RE-PERFORMING LOANS Source text for Eikon: Further company coverage:
Federal National Mortgage Association (FNMA): * FANNIE MAE ANNOUNCES SALE OF NON-PERFORMING LOANS. * FANNIE MAE - NPL 2022-2 INCLUDES COMPANY'S TWENTIETH COMMUNITY IMPACT POOL OFFERING 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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