The Federal Home Loan Bank of Indianapolis Board of Directors has elected Karen F. Gregerson as Chair of the Board and Robert M. Fisher as Vice Chair of the Board, each for a two-year term beginning Jan. 1, 2023, and ending Dec. 31, 2024. Since 2016, Karen Gregerson has been President and CEO of The Farmers Bank in Frankfort, Ind.
The baseline conforming loan ceiling for mortgages sponsored by Fannie Mae and Freddie Mac in 2023 will be $726,200, up 12.21%, or $79,000, from 2022, according to a report issued Tuesday by the Federal Housing Finance Agency.What Happened: The federal government will support mortgage loans over $1 million through GSEs for the first time ever.
The baseline conforming loan ceiling for mortgages sponsored by Fannie Mae and Freddie Mac in 2023 will be $726,200, up 12.21%, or $79,000, from 2022, according to a report issued Tuesday by the Federal Housing Finance Agency.What Happened: The federal government will support mortgage loans over $1 million through GSEs for the first time ever.
Greystone, a leading national commercial real estate finance company, has provided an $11,916,000 Fannie Mae Multifamily Affordable Housing loan for the acquisition of a senior living community in Tavares, Florida. Constructed in 2006, Lake Point Senior Apartments in Lake County is a 160-unit, LIHTC, age-restricted, 3-story elevatored apartment complex.
Freddie Mac today released the results of its Primary Mortgage Market Survey, showing the 30-year fixed-rate mortgage averaged 6.58 percent. ?Mortgage rates continued to tick down heading into the Thanksgiving holiday,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today posted to its website its Monthly Volume Summary for October 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.
Ecrid, Inc. (ECDD) announces today details on the Company's FHFA Lending Platform. A New Measure of Credit ? The traditional FICO credit score that Fannie Mae and Freddie Mac rely on to approve home buyers will soon be a thing of the past.
Greystone, a leading national commercial real estate finance company, has provided a $30,406,000 Fannie Mae Delegated Underwriting & Servicing loan to refinance a 206-unit multifamily property in Thornton, CO. The financing was originated by Dale Holzer, Managing Director in Greystone?s Newport Beach, CA office on behalf of Milky Way Apartments, LLC.
The Federal Home Loan Bank of Indianapolis announced today that $7.24 million in affordable housing grants will be awarded to 17 affordable housing developments in Indiana and Michigan through the Bank?s 2022 Affordable Housing Program.
Freddie Mac today released its Green MBS Impact Report for 2021, providing transparency under the enterprise?s Single-Family Green Bond Framework. ?Freddie Mac?s sustainability focus strengthens our commitment to our mission and helps us drive long-term value for our stakeholders while making a difference in our communities,? said Freddie Mac?s Mark Hanson, Senior Vice President, Securitization.
Freddie Mac today set Dec. 2, 2022, as the date it intends to publish a one-time historical file reporting Social Index scores for all active and inactive or paid off mortgage-backed securities pools formed since January 2010.
Mortgage rates dropped significantly last week as a result of U.S. Bureau of Labor Statistics statistics that showed?inflation had slowed?in October, which is a boon for potential home buyers. According to Freddie Mac, the 30-year fixed rate average dropped by 47 basis points, from 7.08% to 6.62%, the largest weekly drop since 1981.
Freddie Mac?s?Single-Family business today announced that its Credit Risk Transfer program reported Third Quarter 2022 CRT issuance of approximately $4.7 billion, protecting approximately $136 billion in unpaid principal balance of single-family mortgages.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.61 percent. ?Mortgage rates tumbled this week due to incoming data that suggests inflation may have peaked,? said Sam Khater, Freddie Mac?s Chief Economist. Khater added, ?Over the last fifty years, Freddie Mac has closely monitored the trajectory of mortgage rates.
Homeownership continues to be something to strive for among ?Generation Z,? the demographic cohort following Millennials, according to a new survey from Freddie Mac.
Greystone, a leading national commercial real estate finance company, has provided $39,173,000 in Freddie Mac Optigo? Small Balance Loans to refinance a portfolio of 10 multifamily properties consisting of 287 units located in and around Newark, New Jersey.
The Federal Home Loan Bank of Indianapolis Board of Directors has announced that it is seeking candidates to fill one vacant independent directorship, with a term that runs through Dec. 31, 2024.
Federal Home Loan Bank of Atlanta today announced its 2022 Affordable Housing Program General Fund awards. For the complete list of 2022 winners, click here. AHP General Funds are awarded annually through a competitive application process.
Greystone, a leading national commercial real estate finance company, has provided a $62,746,000 Fannie Mae Delegated Underwriting & Servicing Green Rewards loan to refinance a 330-unit multifamily property in Lehi, Utah. Constructed in 2020, Lehi Tech is mid-rise apartment community with five elevator buildings that features one- and two-bedroom units.
Freddie Mac today published its 2023 funding calendar, which provides optional announcement dates for Reference Notes? securities and Reference Bills? securities.
Freddie Mac Multifamily?s loan purchase cap for 2023 will be $75 billion. ?The loan purchase cap and new mission-driven requirements will shape how we approach the multifamily market in the year ahead,? said Kevin Palmer, head of Multifamily for Freddie Mac. FHFA defines its mission-driven requirements in Appendix A of its Scorecard.
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.
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.
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.
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.
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.
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.
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.
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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