Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 5.10 percent. ?Mortgage rates decreased for the second week in a row due to multiple headwinds that the economy is facing,? said Sam Khater, Freddie Mac?s Chief Economist.
?Freddie Mac today posted to its website its Monthly Volume Summary for April 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.
The Equipment Leasing and Finance Association?s Monthly Leasing and Finance Index, which reports economic activity from 25 companies representing a cross section of the $900 billion equipment finance sector, showed their overall new business volume for April was $10.5 billion, up 7 percent year-over-year from new business volume in April 2021.
The Academy of Interactive and Visual Arts has announced the Communicator Awards 2022 winners, and G8 Strategies took home an award for Print Distinction in the competition for the 2021 Neurable Annual Report. The Communicator Awards is the leading international creative awards program honoring creative excellence for communications professionals.
Freddie Mac announced today the pricing of the first Seasoned Loans Structured Transaction Trust offering of 2022 -- a securitization of approximately $385 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned residential mortgage loans.
Federal Home Loan Bank of Atlanta announced today that it has appointed one new member to its Affordable Housing Advisory Council. New Member: Mark Kaufman is president and chief executive officer of Neighborhood Impact Investment Fund, a Community Development Financial Institution based in Baltimore.
Builders FirstSource, Inc. (BLDR), the nation?s largest supplier of structural building products, value-added components and services to the professional market for new residential construction and repair and remodeling, today announced that it has published its inaugural Corporate Social Responsibility report.
Casella Waste Systems, Inc. (CWST), a regional solid waste, recycling and resource management services company, today announced that it has priced the previously announced offering of $35.0 million aggregate principal amount of Vermont Economic Development Authority Solid Waste Disposal Revenue Bonds Series 2022 to be issued under an indenture between the Issuer and the bond trustee.
Mortgage rates in April averaged their highest level since 2010, while inventory of houses continued to decrease across the Empire State,?according to the housing report released today by the New York State Association of REALTORS?.? According to Freddie Mac, the monthly average on a 30-year fixed-rate mortgage rose from 4.17 percent in March 2022 to 4.95 percent in April 2022.
Freddie Mac today released the results of its Primary Mortgage Market Survey ?, showing that the 30-year fixed-rate mortgage averaged 5.25 percent. "Economic uncertainty is causing mortgage rate volatility,? said Sam Khater, Freddie Mac?s Chief Economist.
Key Highlights ?. Existing-home sales recorded a third straight month of declines, slipping slightly in April, according to the National Association of Realtors?. Month-over-month sales were split amongst the four major U.S. regions, with two areas posting gains and the other two experiencing waning in April.
Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) announced today that it completed its previously announced private placement of $45 million of 4.57% Series RR senior unsecured notes. As previously announced, the remaining funding of the $45 million of 4.67% Series SS Notes and $20 million of 5.07% Series T MRP Shares will be issued on August 2, 2022.
Greystone, a leading national commercial real estate finance company, has provided a $16,970,000 Fannie Mae Delegated Underwriting Services loan to refinance a 258-unit multifamily property in Hopkinsville, KY. The transaction was originated by Lorie Hanson, Managing Director at Greystone.
The investment fraud and securities arbitration law firm of Israels & Neuman, PLC announces that it has filed a Financial Industry Regulatory Authority arbitration claim for investor losses in the GWG L Bonds. GWG L Bonds were investments in life insurance products. However, the GWG investments carried significant risk.
The Wall Street Journal?s award-winning Future of Everything Festival is back May 17-19, 2022, in New York City and online, and it's bigger than ever. Hosted by WSJ, the globally trusted source of news and information, The Future of Everything Festival makes sense of the world through the lens of the global forces that will shape it now, and in the future.
Despite the improvement of certain economic indicators, including the U.S. unemployment rate, the U.S. Worker Confidence Index? trended downward to open 2022, decreasing 5.2 points to 101.9 and reversing nearly all gains made in the final quarter of 2021. All but one of the indices that comprise the WCI decreased in Q1.
Willis Towers Watson Public Limited Company, a leading global advisory, broking and solutions company, today announced the pricing of a registered offering by Willis North America Inc., an indirect wholly-owned subsidiary of the Company, of $750,000,000 aggregate principal amount of 4.650% senior unsecured notes due 2027.
NXP Semiconductors N.V. (NXPI) announced today the pricing of an offering by its subsidiaries NXP B.V., NXP Funding LLC and NXP USA, Inc. of $500 million aggregate principal amount of 4.400% senior unsecured notes due 2027 and $1,000 million aggregate principal amount of 5.000% senior unsecured notes due 2033.
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.
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.
Greystone, a leading national commercial real estate finance company, has provided a $20,000,000 Fannie Mae Delegated Underwriting and Servicing loan to refinance a 322-unit multifamily community in Lanham, Maryland. Developed in 1965, Del Vista Apartments comprises 168 one-bedroom, 36 one-bedroom with den, 79 two-bedroom, and 36 three-bedroom units on 14.59 acres.
Today, FreightWaves, the Global Leader in Supply Chain Data and Analytics, announced the Beta launch of SONAR Container Atlas - a new ocean dashboard that gives users visibility into the global container market through proprietary indices on volume and capacity.
ASML (ASML) successfully places inaugural green bond offering for ?500 million Veldhoven, the Netherlands, May 10, 2022 ? ASML Holding NV (ASML) today announces that it has successfully placed its inaugural green bond offering of senior notes for a principal amount of ?500 million.
Butlr Technologies, a MIT Media Lab spinout founded by Forbes 30 Under 30 entrepreneurs Jiani Zeng and Honghao Deng, was selected among hundreds of candidates as a "Technology Pioneer" by the World Economic Forum.
Seoul Robotics, the 3D perception solutions company using deep learning AI to power the future of autonomy, today was announced as one of the World Economic Forum?s ?Technology Pioneers? for 2022.
NEW YORK, May 10, 2022 -- DXM, a plug-and-play software-as-a-service platform for the apparel and footwear industry, was selected as one of the World Economic Forum?s 2022 ?Technology Pioneers.
Resilinc, the world?s leading supply chain risk monitoring, mapping, and resiliency solution, was selected among hundreds of candidates as one of the World Economic Forum?s ?Technology Pioneers?. Resilinc was founded with the purpose to strengthen global supply chains via technology-driven solutions that provide organizations unmatched visibility into their supply chain and supplier networks.
In March, the US Federal Reserve raised interest rates for the first time since 2018. How will interest rates affect mortgages? Homeowners with fixed-rate mortgages will not see their interest rate change. However, homeowners with adjustable-rate mortgages who are past their initial term will likely see their rate go up as the Fed rate rises.
Greystone, a leading national commercial real estate finance company, has provided a $33,717,000 Fannie Mae Delegated Underwriting and Servicing loan for the acquisition of a 324-unit multifamily property in Jonesboro, Arkansas. Constructed in 2011, Willow Creek Apartments in Craighead County consists of 12 garden-style buildings with one-, two- and three-bedroom units.
Greystone, a leading national commercial real estate finance company, has provided a $129,520,000 Fannie Mae Delegated Underwriting Services loan to refinance a 472-unit multifamily property in San Diego, California.
Submitted New Drug Application for sparsentan in IgA nephropathy in March 2022 Results from Phase 1/2 COMPOSE Study of pegtibatinase in classical homocystinuria presented at the Society for Inherited Metabolic Disorders 43rd Annual Meeting Refinanced $207 million of 2025 convertible notes through offering of $316 million convertible senior notes due 2029 SAN DIEGO, May 05, 2022 -- Travere Thera...
Freddie Mac Multifamily released its annual Impact Bonds Report detailing the company?s successful efforts to issue more than $10 billion in Green, Social and Sustainability Bonds since 2019.
Freddie Mac today released the results of its Primary Mortgage Market Survey??, showing that the 30-year fixed-rate mortgage averaged 5.27 percent. ?Mortgage rates resumed their climb this week as the 30-year fixed reached its highest point since 2009,? said Sam Khater, Freddie Mac?s Chief Economist.
New Frontier Data, the premier data, analytics and technology firm?specializing in the global cannabis industry, in its latest report, highlights the imperative for leaders in the emerging global cannabis industry to adopt a robust Environmental, Social & Governance framework.
Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) announced that it reached a conditional agreement with institutional investors relating to a private placement of $90 million of senior unsecured notes and $20 million of Mandatory Redeemable Preferred Shares. Net proceeds will be used to refinance existing leverage and for general corporate purposes.
Casella Waste Systems, Inc. (CWST), a regional solid waste, recycling and resource management services company, today announced an offering of up to $60.0 million aggregate principal amount of Vermont Economic Development Authority Solid Waste Disposal Revenue Bonds Series 2022 under an indenture between the Issuer and the bond trustee.
New-age American investors are becoming increasingly frustrated at the slow pace of the American government?s decision on how it will regulate digital assets. The United States is behind other leading global economies in providing clarity about how it will regulate digital assets, causing a problem for investors.
Freddie Mac? today appointed company veteran Kevin Palmer to head its multifamily business, effective May 9, 2022. Palmer has served at Freddie Mac in a variety of positions since 2001, most recently as senior vice president for Single-Family Portfolio Management.
TRU Staffing Partners, a globally recognized award-winning search firm representing talent and opportunities in data privacy, ediscovery, and cybersecurity, today announced the release of its 2022 Data Privacy Jobs Report. ?This report is one-of-a-kind because it is not a salary survey,? said Jared Coseglia, Founder and CEO of TRU Staffing Partners.
Constellation Brands, Inc. (STZ), a leading beverage alcohol company, announced today that it priced the public offering of $1.85?billion aggregate principal amount of Senior Notes, consisting of?$550.0 million of 3.60% Senior Notes due 2024 for a public offering price of 99.941% of the principal amount of the 2024 notes,?$600.0 million of 4.35% Senior Notes due 2027 for a public offering price of 99...
Cardlytics, Inc. (CDLX), a digital advertising platform, today announced financial results for the first quarter ended March 31, 2022. ?We had our largest Q1 ever and delivered results above our expectations,? said Lynne Laube, CEO & Co-Founder of Cardlytics (CDLX). ?This was a solid quarter and we are pleased with the execution despite issues in the global economy,? said Andy Christiansen, CFO of Cardlytics.
First Fed Bank, subsidiary of First Northwest Bancorp (FNWB), pledged $2 million to Field Arts & Events Hall to support economic development and businesses in downtown Port Angeles. ?We are proud to give $2 million to Field Hall, which will enhance the economic vitality and prosperity of downtown Port Angeles. ?First Fed is an outstanding community partner.
In March, central bankers raised interest rates for the first time since 2018, a trend that is expected to continue this week. ?This is a critical time for consumers with burdensome credit card debt,? said Thomas Nitzsche, Sr. Director of Media & Brand at MMI. MMI debt management client Manny Romero of Santa Cruz, California said his call to MMI was a life-changing experience.
Federal Home Loan Bank of San Francisco congratulates director Scott Syphax on being named to the 2022 NACD Directorship 100? list, an annual recognition of influential peer-nominated directors and governance professionals by the National Association of Corporate Directors. Syphax joined the Board of Directors of FHLBank San Francisco in 2002 and was vice chair of the board from 2010 to 2012.
Heritage Commerce Corp (HTBK), the holding company for Heritage Bank of Commerce, today announced first quarter 2022 net income of $12.9 million, or $0.21 per average diluted common share, compared to $11.2 million, or $0.19 per average diluted common share, for the first quarter of 2021, and $14.0 million, or $0.23 per average diluted common share, for the fourth quarter of 2021.
Today the Board of Directors of the Federal Home Loan Bank of Indianapolis declared its first quarter 2022 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 3.50% and 1.00%, respectively. The dividends will be paid in cash on April 29, 2022.
The board of directors of the Federal Home Loan Bank of Atlanta today approved a first quarter 2022 cash dividend at an annualized rate of 3.74 percent. ?In the face of continuing economic uncertainty, FHLBank Atlanta remains focused on maintaining a financially stable cooperative for the benefit of our members,? 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 March?31, 2022. Net income for the first quarter of 2022 was $36 million, a decrease of $7 million, compared to net income of $43 million for the first quarter of 2021.
First Quarter 2022 Financial Highlights Financial Results Discussion Net Income - For the three months ended March?31, 2022, the Bank recorded net income of $54 million compared to $66 million for the same period in 2021.
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