News Results

  1. Walker & Dunlop Announces New Partnership with Miami-Based Metro Fund Inc.
    PR Newswire | 06/07/22 06:45 AM EDT

    Preferred Correspondent Agreement expands Walker & Dunlop's (WD) presence in South Florida and supports Metro Fund's access to Fannie Mae and Freddie Mac lending BETHESDA, Md., June 7, 2022 /PRNewswire/ --?Walker & Dunlop (WD), Inc.?announces a new preferred correspondent agreement with Metro Fund Inc., a leading commercial real estate lender based in Miami, Florida.

  2. KBRA Releases Monthly CMBS Trend Watch
    Business Wire | 06/03/22 04:00 PM EDT

    KBRA releases the May 2022 issue of CMBS Trend Watch. Although CMBS private label issuance is up 41% year-over-year, activity has meaningfully slowed due to various headwinds. In May, KBRA published pre-sales for two conduit deals. The month?s edition also highlights recent KBRA research publications that may be of interest. Click here to view the report.

  3. Prosperity Bank and FHLB Dallas Provide $750K for Affordable Apartments
    Business Wire | 06/02/22 06:44 PM EDT

    The $16.4 Million Development Serves People Living with HIV Prosperity Bank and the Federal Home Loan Bank of Dallas awarded a $750,000 Affordable Housing Program subsidy to build an affordable apartment complex for people living with HIV in Austin, Texas. This press release features multimedia.

  4. KBRA Assigns Preliminary Ratings to Fannie Mae?s CAS 2022-R06
    Business Wire | 06/02/22 05:49 PM EDT

    KBRA assigns preliminary ratings to 65 classes from Connecticut Avenue Securities, Series 2022-R06, a credit risk sharing transaction with a total note offering of $754,375,000. The Reference Pool consists of 83,420 residential mortgage loans with an outstanding principal balance of approximately $25.0 billion as of the cut-off date.

  5. KBRA Assigns Preliminary Ratings to PNMAC GMSR ISSUER TRUST MSR COLLATERALIZED NOTES, Series 2022-GT1
    Business Wire | 06/02/22 03:17 PM EDT

    KBRA assigns preliminary ratings of ?BBB? to the Series 2022-GT1 Term Notes from PNMAC GMSR ISSUER TRUST, PennyMac Loan Services, LLC?s master trust issuer of notes backed by participation certificates evidencing participation interest in mortgage servicing rights on loans underlying Ginnie Mae guaranteed mortgage backed securities.

  6. Greystone Provides $74.3 Million in Fannie Mae Financing for Newark Affordable Housing Multifamily Portfolio
    GlobeNewswire | 06/02/22 10:48 AM EDT

    Greystone, a leading national commercial real estate finance company, has provided a total of $74,300,000 in Fannie Mae Delegated Underwriting Servicing loans to refinance a 574-unit multifamily portfolio of affordable housing in Newark, NJ. The transaction was originated by Hope Curtis, Director at Greystone.

  7. Housing Beat: Mortgage Rates Flatten As Sun Belt Sees New Boom In Home Building
    | 06/02/22 10:47 AM EDT

    This week in the housing market, mortgage rates were mostly flat, mortgage application volume was down and the Sun Belt is shining with new single-family home construction. On The Mortgage Front: Freddie Mac reported the 30-year fixed-rate mortgage averaged 5.09% as of June 2, down slightly from last week's 5.10% average.

  8. Mortgage Rates Stay Relatively Flat
    GlobeNewswire | 06/02/22 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 5.09 percent. ?Mortgage rates continued to inch downward this week but are still significantly higher than last year, affecting affordability and purchase demand,? said Sam Khater, Freddie Mac?s Chief Economist.

  9. Lea County State Bank and FHLB Dallas Provide Down Payment Assistance
    Business Wire | 06/01/22 03:21 PM EDT

    Banks Award $10K Subsidy to Help Hobbs Resident Buy First Home. Victoria Pi?on became a homeowner at the young age of just 26, thanks in part to the Homebuyer Equity Leverage Partnership, a program of the Federal Home Loan Bank of Dallas in which its financial institution members provide subsidies to help first-time homebuyers with down payment and closing costs.

  10. Home Bank and FHLB Dallas Celebrate $280K Subsidy for Hurricane-Resilient Housing
    Business Wire | 06/01/22 03:00 PM EDT

    Banks Supported New Housing That Held Up to Hurricane Ida Home Bank, the Federal Home Loan Bank of Dallas, Gulf Coast Housing Partnership and others gathered Wednesday to celebrate the grand opening of Les Maisons de Bayou Lafourche in Lockport, Louisiana, a new housing development built to withstand hurricane-force winds and flooding. This press release features multimedia.

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.