News Results

  1. Home Bank and FHLB Dallas to Help Fund Revival of Historic Louisiana Property
    Business Wire | 05/13/22 10:07 AM EDT

    Banks Provide a $750K Subsidy to Transform Franklin Foundation Hospital into Senior Living Home Bank and the Federal Home Loan Bank of Dallas awarded a $750,000 Affordable Housing Program subsidy to New Orleans Restoration Properties to help renovate the former Franklin Foundation Hospital into a $25.7 million affordable senior living community in Franklin, Louisiana.

    PR Newswire | 05/12/22 12:47 PM EDT

    NEW YORK, May 12, 2022 The Federal Home Loan Bank of New York is pleased to announce that, on May 12, 2022, its Board of Directors approved a dividend for the first quarter of 2022 of 4.75%. The dollar amount of the dividend will be approximately $52.9 million. The cash dividend will be distributed to member financial institutions on May 13, 2022.

  3. Freddie Mac Multifamily K-Deals Surpass Half-Trillion Mark
    GlobeNewswire | 05/12/22 12:00 PM EDT

    Freddie Mac K-Deal? securitization issuance volume today surpassed the $500 billion mark with the settlement of K-F135. ?The K-Deal has been key to Freddie Mac Multifamily?s growth for more than a decade,? said Robert Koontz, senior vice president of Freddie Mac Multifamily Capital Markets. Since 2009, Freddie Mac has settled 485 separate K-Deals totaling $500.5 billion in issuance volume.

  4. Fannie Mae Announces Sale of Non-Performing Loans
    PR Newswire | 05/12/22 10:00 AM EDT

    NPL 2022-1 Includes the Company's Nineteenth Community Impact Pool Offering WASHINGTON, May 12, 2022 ?Fannie Mae today announced its latest sale of non-performing loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio, including the company's nineteenth Community Impact Pool.

  5. Mortgage Rates Continue to Increase
    GlobeNewswire | 05/12/22 10:00 AM EDT

    Freddie Mac today released the results of its Primary Mortgage Market Survey, showing that the 30-year fixed-rate mortgage averaged 5.30 percent. ?Homebuyers continue to show resilience even though rising mortgage rates are causing monthly payments to increase by about one-third as compared to a year ago,? 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.