A new survey from Freddie Mac found that 64% of active-duty servicemembers transitioning to civilian life expect their search for affordable housing to be extremely or somewhat challenging.
Freddie Mac today released the results of its?Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 7.08 percent. ?As the housing market adjusts to rapidly tightening monetary policy, mortgage rates again surpassed seven percent,? said Sam Khater, Freddie Mac?s Chief Economist.
Louisiana Nonprofit Receives Partnership Grant Program Funds Red River Bank and the Federal Home Loan Bank of Dallas awarded $16,000 in Partnership Grant Program funding to the Greater Alexandria Economic Development Authority Revitalization Corp. during a ceremonial check presentation Tuesday. This press release features multimedia.
An Affordable Housing and Veterans Organization Receive Partnership Grant Program Funds Home Bank and the Federal Home Loan Bank of Dallas awarded $16,000 in Partnership Grant Program funding to two community organizations in Natchez, Mississippi, during a ceremonial check presentation Tuesday. This press release features multimedia.
***10:00 a.m. Wednesday, November 9, 601 E. Pine Street, Hattiesburg, Mississippi 39401*** Representatives from Cadence Bank, Citizens National Bank and the Federal Home Loan Bank of Dallas will award $18,000 in Partnership Grant Program funds to Twin Forks Rising Community Development Corp.. The media is encouraged to attend.
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:
Freddie Mac today reported its third quarter 2022 financial results and filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission. The company will hold a call at 9 a.m. Eastern Time today, November 8, 2022, to share its results with the media. Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.
WASHINGTON, Nov. 8, 2022 Fannie Mae today reported its third quarter 2022 financial results and filed its third quarter 2022 Form 10-Q with the Securities and Exchange Commission. Fannie Mae will host a conference call to discuss the company's results today at 8:00 a.m., ET. Participants may join the conference call in listen-only mode via the webcast link below.
***1:30 p.m., Tuesday, November 8, 500 Main Street, Natchez, Mississippi 39120*** Home Bank and the Federal Home Loan Bank of Dallas will award $16,000 in Partnership Grant Program funding to two community organizations in Natchez, Mississippi during a ceremonial check presentation. FHLB Dallas matches member institution contributions of $500 to $4,000 by a 3:1 ratio.
***11:00 a.m., Tuesday, November 8, 1412 Centre Court Drive, Alexandria, Louisiana 71301*** Red River Bank and the Federal Home Loan Bank of Dallas will award $16,000 in Partnership Grant Program funding to the Greater Alexandria Economic Development Authority Revitalization Corp. GAEDA, which promotes urban renewal in Rapides Parish, renovates, restores and develops properties to reverse blight.
Basis Multifamily Finance I, LLC, a subsidiary of Basis Investment Group, LLC, a national commercial real estate investment platform founded by CEO Tammy K. Jones, announced today that Fannie Mae has approved Basis as a DUS? lender.
Freddie Mac announced today that it plans to report its third quarter 2022 financial results before the U.S. financial markets open on Tuesday, November 8, 2022. The company will hold a call at 9 a.m. Eastern Time on Tuesday, November 8, 2022, to share the company?s results with the media. All materials related to the call will be available on the Investor Relations page of the company?s website.
Federal Home Loan Bank of Atlanta today announced that up to $1.5 million in funding for its Community Rebuild and Restore Product is available now to help homeowners in Florida whose homes have been damaged by Hurricane Ian.
The Minority- and Women-Owned Business Advances Fannie Mae's Commitment to Diversity and Inclusion WASHINGTON, Nov. 7, 2022 /PRNewswire/ -- Fannie Mae today announced the addition of Basis Multifamily Finance I, LLC, a subsidiary of Basis Investment Group, LLC, a national commercial real estate investment platform, to its network of approved Multifamily Delegated Underwriting and Servicing lend...
Mortgage and Financial services veteran Ravi Shankar has joined the company as senior vice president and head of Single-Family Portfolio and Servicing, Freddie Mac announced today. ?Ravi Shankar brings substantial experience to the company as a respected financial services leader, portfolio manager and Freddie Mac alum.
Only 16% of Consumers Report Now is a Good Time to Buy a Home WASHINGTON, Nov. 7, 2022 The Fannie Mae Home Purchase Sentiment Index? decreased 4.1 points in October to 56.7, its eighth consecutive monthly decline and lowest reading since the inception of the index in 2011.
Company to Host Conference Call WASHINGTON, Nov. 4, 2022 Fannie Mae today announced plans to report its third quarter 2022 financial results on Tuesday morning, November 8, 2022, before the opening of U.S. financial markets. Fannie Mae has scheduled a conference call to discuss the company's results at 8:00 a.m., ET, on November 8, 2022.
New Gulf Coast Housing Project Awarded Affordable Housing Program Funds The Peoples Bank and the Federal Home Loan Bank of Dallas awarded $500,000 in Affordable Housing Program funding toward the redevelopment of North Park Estates, an affordable housing community located in Gulfport, Mississippi. This press release features multimedia.
Trained, Unwavering, Focused and Fit Kids Receives Partnership Grant Program Funds Austin Bank, Texas N.A. and the Federal Home Loan Bank of Dallas awarded $16,000 in Partnership Grant Program funds to the nonprofit Trained, Unwavering, Focused and Fit Kids. This press release features multimedia.
Greystone, a leading national commercial real estate finance company, has provided an $11,750,000 Fannie Mae Delegated Underwriting & Servicing loan for the acquisition of a 92-unit multifamily property in Eugene, Oregon. Constructed in 1999, Somerset Villas in Lane County is garden-style apartment community with 15 buildings the feature two-bedroom townhouse-style units.
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:
Freddie Mac today released the results of its Primary Mortgage Market Survey??, showing the 30-year fixed-rate mortgage averaged 6.95 percent. ?Mortgage rates continue to hover around seven percent, as the dynamics of a once-hot housing market have faded considerably,? said Sam Khater, Freddie Mac?s Chief Economist.
KBRA releases the October 2022 issue of CMBS Trend Watch. U.S. CMBS private label issuance fell for the second consecutive month in October. In October, KBRA published pre-sales for four deals including two Freddie Mac K-Series, one conduit, and one CRE CLO transaction. This month?s edition also highlights KBRA?s six recent CMBS research pieces on a variety of topics.
WASHINGTON, Nov. 3, 2022 ?Fannie Mae priced a $392 million Multifamily Social DUS? REMIC under its Fannie Mae Guaranteed Multifamily Structures program on October 27, 2022. FNA 2022-M2S marks the eighth Fannie Mae GeMS issuance of 2022. "We wrapped up October with the M2S, our second social GeMS of 2022," said Dan Dresser, Senior Vice President, Multifamily Capital Markets and Pricing, Fannie Mae.
Epsilon Consulting Services is pleased to announce that the Federal Home Loan Bank of New York is now live with ETS, Epsilon?s innovative trade management platform that enables rule-based processing and automation.
The Federal Reserve raised its target fed funds rate by 0.75% on Wednesday to a new range of between 3.75% and 4%, its fourth 0.75% rate hike in five months. The Fed said it will continue with its previously announced plan to let Treasury securities and agency debt and agency mortgage-backed securities roll off its balance sheet on a monthly basis.
A?new white paper from Freddie Mac Multifamily introduces a different approach for identifying areas that could offer residents economic opportunity. ?The goal of our research is to build a deeper understanding of what makes an area high opportunity,? said Steve Guggenmos, vice president of Research & Modeling for Freddie Mac Multifamily.
The Federal Home Loan Bank of San Francisco today announced its operating results for the third quarter of 2022. The $9 million increase in net income relative to the prior-year period was primarily attributable to an increase in net interest income of $37 million, partially offset by a decrease of $15 million in other income/ and an increase of $9 million in the provision for credit losses.
Today the Board of Directors of the Federal Home Loan Bank of Indianapolis declared its third quarter 2022 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 4.75% and 1.25%, respectively. The dividends will be paid in cash on October?28, 2022.
The board of directors of the Federal Home Loan Bank of Atlanta today approved a third quarter 2022 cash dividend at an annualized rate of 5.30 percent. ?The Bank remains focused on building and sustaining strong relationships with our members, and supporting them during these challenging economic times,? 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 September?30, 2022. Net income for the third quarter of 2022 was $47 million, an increase of $20 million, compared to net income of $27 million for the third quarter of 2021.
Freddie Mac today released the results of its Primary Mortgage Market Survey??, showing the 30-year fixed-rate mortgage averaged 7.08 percent. ?The 30-year fixed-rate mortgage broke seven percent for the first time since April 2002, leading to greater stagnation in the housing market,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today posted to its website its Monthly Volume Summary for September 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.
Freddie Mac announced today the pricing of the second Seasoned Loans Structured Transaction Trust offering of 2022 -- a securitization of approximately $230 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned residential mortgage loans.
Freddie Mac Multifamily today named BH Management Services as its 2022 Impact Sponsor of the Year. ?From the way they have sought to build a diverse and inclusive team, to their focus on building communities that are sustainable for tenants and the environment, BH is a multifamily company that puts people first,? said Steve Johnson, vice president of Production & Sales for Freddie Mac Multifamily.
Greystone, a leading national commercial real estate finance company, has provided forward commitments for two loans, a $12.361 Freddie Mac 4% LIHTC Tax Exempt Loan and a $2.712 million 9% LIHTC loan, for the development of a 165-unit affordable housing property in Baltimore, MD. The transaction, which is leveraging both 4% and 9% tax credits to finance the development of the property, was orig...
Freddie Mac announced today an enhancement to its Condo Project Advisor? allowing lenders of all sizes to easily request an automated Project Assessment Request? to quickly identify if a condominium project meets certain review requirements.
The current deceleration of the housing market given declining demand is likely to continue, Freddie Mac said today. ?Mortgage rates have increased at the fastest rate in four decades, quickly taking the wind out of the sails of the housing market,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today released the results of its Primary Mortgage Market Survey??, showing the 30-year fixed-rate mortgage averaged 6.94 percent. ?Mortgage rates slowed their upward trajectory this week,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac??will increase homeownership opportunities by including a review of a borrower?s bank account data to identify a history of positive monthly cash flow activity as part of its technology?s loan purchase eligibility assessments, the company announced today.
Freddie Mac today updated the final tender results of its previously announced offer to purchase any and all of the STACR? Notes listed below. The Company has conducted the Offer in accordance with the conditions set forth in the Offer to Purchase dated October 3, 2022 and related Notice of Guaranteed Delivery dated October 3, 2022.
The average rate on 30-year mortgages rose from 6.66% the previous week?to 6.92% this week, Freddie Mac data showed on Thursday. It marks?the highest reading for mortgage rates since 2002 and further indicates? the rate depression that followed the Great Recession has come to an end. The Federal Reserve hiked interest rates for the third time by three-quarters of a percentage point last month.
Greystone, a leading national commercial real estate finance firm, announced that AJ Walker has joined as a Managing Director in Chicago, IL. In this role, Mr. Walker will focus on the origination of commercial real estate loans across the U.S. Mr. Walker reports to Rich Highfield, Head of CMBS at Greystone.
Freddie Mac today released the results of its Primary Mortgage Market Survey??, showing the 30-year fixed-rate mortgage averaged 6.92 percent. ?Rates resumed their record-setting climb this week, with the 30-year fixed-rate mortgage reaching its highest level since April of 2002,? said Sam Khater, Freddie Mac?s Chief Economist.
The Federal Home Loan Bank of San Francisco announced that, in partnership with participating member financial institutions, more than $2.2 million has been donated to HUD-approved housing counseling agencies through the Bank?s Empowering Black Homeownership matching grant program.
Freddie Mac today announced the tender results of its previously announced offer to purchase any and all of the STACR? Notes listed below. The Company has conducted the Offer in accordance with the conditions set forth in the Offer to Purchase dated October 3, 2022 and related Notice of Guaranteed Delivery dated October 3, 2022.
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.
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