News Results

Freddie Mac?s? newly released 2024 Midyear Outlook forecasts multifamily performance to remain muted for the remainder of the year as the market works through a historically high supply of new units. The Midyear Outlook notes the economy is performing well overall, propelling multifamily demand, but a continuing supply and demand imbalance is contributing to slow rent growth.

Strong Core Deposit Growth Drives 20 Basis Points of Net Interest Margin Expansion Deposit and Business Loan Growth Driven by Execution of Growth Plan;Successfully Onboarded Eight New Deposit Groups in the Second Quarter Subordinated Debt Offering Bolsters Total Capital Ratio to 14.5% HAUPPAUGE, N.Y., July 23, 2024 -- Dime Community Bancshares, Inc. (DCOM), the parent company of Dime Community Bank, t...

Greystone, a leading national commercial real estate finance company, has provided a $15,486,000 Fannie Mae Delegated Underwriting & Servicing loan to refinance a 252-unit multifamily property in Albany, Georgia. Constructed in 1987, 509 North Apartments in Dougherty County is a garden-style apartment community with 14 buildings featuring one- and two-bedroom units.

Farmers and Merchants Bancshares, Inc., the parent company of Farmers and Merchants Bank (FMFG), announced that net income for the six months ended June 30, 2024 was $2,298,496, or $0.74 per common share, compared to $3,570,968, or $1.16 per common share, for the same period in 2023.

After exhausting $2.5 million in just two months in 2023, the Federal Home Loan Bank of Indianapolis is relaunching the HomeBoost Down Payment Assistance Program with double the allocation this year ? $5 million to help with down payment, closing and counseling costs for minority and first-generation first-time homebuyers.

After exhausting $2.5 million in just two months in 2023, the Federal Home Loan Bank of Indianapolis is relaunching the HomeBoost Down Payment Assistance Program with double the allocation this year ? $5 million to help with down payment, closing and counseling costs for minority and first-generation first-time homebuyers.

Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.77 percent. "The 30-year fixed-rate mortgage fell to its lowest level since mid-March, dropping 12 basis points from last week,? said Sam Khater, Freddie Mac?s Chief Economist.

Freddie Mac today is reminding homeowners and mortgage servicers of its immediate relief options as hurricane season and wildfire season ramp up, including for those currently affected by Hurricane Beryl and the California wildfires.

Midway through the year, the outlook for a soft landing has strengthened, driven by easing inflation and a robust labor market, according to the Q3 update of the 2024 Equipment Leasing & Finance U.S. Economic Outlook. Real equipment and software investment growth is projected to be 3.7% in 2024, with activity expected to pick up later in the year after the Fed lowers interest rates.

The Federal Home Loan Bank of New York is pleased to announce that its Board of Directors has selected Jos? Rafael Fern?ndez, Steven M. Klein and William J. Turner, Jr. to serve as members of the Board.

?In an effort to promote and improve financial literacy among college-bound students and rising seniors in Indiana and Michigan, the Federal Home Loan Bank of Indianapolis has partnered with FHLBank Indianapolis members and leading community groups to award more than $100,000 in financial literacy scholarships through the Bank?s Money Masters Scholarship Program so far in 2024.

Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.89 percent. "Following June?s jobs report, which showed a cooling labor market, the 10-year Treasury yield decreased this week and mortgage rates followed suit,? said Sam Khater, Freddie Mac?s Chief Economist.

?In an effort to promote and improve financial literacy among college-bound students and rising seniors in Indiana and Michigan, the Federal Home Loan Bank of Indianapolis has partnered with FHLBank Indianapolis members and leading community groups to award more than $100,000 in financial literacy scholarships through the Bank?s Money Masters Scholarship Program so far in 2024.

First Fed Bank and its holding company, First Northwest Bancorp (FNWB), announced the retirement of Jennifer Zaccardo from the Company?s Boards of Directors, effective July 02, 2024. ?On behalf of the Board of Directors we thank Jennifer for her many years of valuable service, and we wish her the very best as she enters retirement,? said Cindy Finnie, Board Chair of FNWB and First Fed.

?Two local organizations are combining efforts to increase downpayment assistance available to eligible Georgia homebuyers. The Federal Home Loan Bank of Atlanta and the Georgia Department of Community Affairs, which each offer downpayment assistance programs, are making it possible for homebuyers to receive funding from both programs for up to $27,500 to put toward downpayment and closing costs.

Christie?s International Real Estate, the global authority on luxury real estate, has released its 2024 Global Luxury Mid-Year Outlook. The report is based on insights from more than three dozen Christie?s International Real Estate broker-owners in 18 countries on five continents.

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 increased this week, coming in just under seven percent,? said Sam Khater, Freddie Mac?s Chief Economist.

Alvotech (ALVO), a global biotech company specializing in the development and manufacture of biosimilar medicines for patients worldwide, today issued new shares to holders of subordinated convertible bonds, originally issued by Alvotech (ALVO) on November 16, 2022, and December 20, 2022, with maturity on December 20, 2025.

Today, U.S. Supreme Court revived Corner Post?s lawsuit challenging a Federal Reserve regulation, ruling 6-3 that the six-year limit on challenging the rule had not yet expired for the North Dakota convenience store and truck stop when it filed suit. The Board of Governors of the Federal Reserve System adopted Regulation II in 2011, establishing fees for debit-card transactions.

First Fed Bank, subsidiary of First Northwest Bancorp (FNWB), today announced that Kyle Henderson has been promoted to Chief Credit Officer. "Kyle Henderson is a respected banking leader with an outstanding track record in credit administration. ?As a community bank, First Fed is an essential partner for many local businesses, families, and individuals.

Sachem Capital Corp. (SACH) today announced that it is withdrawing its previously announced debt offering. John Villano, CEO of Sachem Capital Corp. (SACH), commented: ?We want to assure our shareholders and noteholders that Sachem has ample liquidity through its existing credit facilities and liquid mortgage portfolio to continue to execute on the business consistent with past practice.

Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.86 percent. ?The 30-year fixed-rate mortgage continues to trend down, hitting the lowest level in almost three months,? said Sam Khater, Freddie Mac?s Chief Economist.

Key Highlights Pending home sales in May slipped 2.1%, according to the?National Association of Realtors?. The Midwest and South posted monthly losses in transactions while the Northeast and West recorded gains. # # #*The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes.

Freddie Mac? today published the company?s annual Sustainability Report, which provides details about the company?s 2023 sustainability strategy, activities and performance. The report highlights the company?s work to provide affordable, equitable and sustainable access to housing, financing for energy and water improvements, issuance of green bonds and many other initiatives.

Freddie Mac Multifamily?today announced the company will soon launch a new product offering, Multifamily Giant Participation Certificates, which are single-class pass-through securities collateralized by existing Freddie Mac Multi PCs? and/or Multifamily Giant PCs.

Global Ship Lease, Inc. (GSL) announced today several recent updates by three leading credit rating agencies. In announcing the ratings and outlook updates, the agencies highlighted the Company?s significant progress deleveraging, its focus on maintaining a disciplined, low leverage strategy, and revenue stability based on attractive multi-year time charter agreements.

Vicor Corporation (VICR) today announced that, on June 24, 2024, the United States District Court for the District of Massachusetts granted a preliminary injunction barring subsidiaries of Foxconn from pursuing arbitration against Vicor (VICR) before the China International Economic and Trade Arbitration Commission.

S&P Global upgraded its credit rating to BB+ for Kaspi Bank, a core part of Kaspi.kz?s Fintech Platform. According to S&P Global; Mikhail Lomtadze, CEO & co-founder of Kaspi.kz, commented: ?We have once again received high praise from a leading ratings agency. About Kaspi.kz Kaspi.kz?s mission is to improve people?s lives by developing innovative mobile products and services.

The Equipment Leasing and Finance Association?s Monthly Leasing and Finance Index, a survey of economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, reports that in May: Additional findings include: Separately, the Equipment Leasing & Finance Foundation?s Monthly Confidence Index in June is 50.2, steady with the May index of 50.7. ELFA Pr...

Alvotech (ALVO), a global biotech company specializing in the development and manufacture of biosimilar medicines for patients worldwide, today announced that holders of the majority of subordinated convertible bonds, originally issued by Alvotech (ALVO) on November 16, 2022, and December 20, 2022, respectively, with maturity on December 20, 2025 have elected to convert the principal and accrued interest int...

New York Mortgage Trust, Inc. (NYMT) announced today the pricing of an underwritten public offering of $60 million aggregate principal amount of its 9.125% senior notes due 2029.

Freddie Mac today posted to its website its Monthly Volume Summary for May 2024, which provides information on Freddie Mac?s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments. Freddie Mac?s mission is to make home possible for families across the nation.

Medallion Financial Corp. (MFIN), a specialty finance company that originates and services loans in various consumer and commercial industries, along with offering loan origination services to fintech strategic partners, announced today that it has completed a private placement of $17.5 million aggregate principal amount of senior unsecured notes to a certain institutional investor, by amending and re...

Hovnanian Enterprises, Inc. (HOV), a leading national homebuilder, today announced that Moody?s Ratings has upgraded Hovnanian?s corporate family rating to B2 from B3. ?We are thrilled to get a ratings upgrade from Moody?s, which follows an upgrade we received from S&P Ratings just two weeks ago,? stated Brad G. O?Connor, Chief Financial Officer and Treasurer.

The third and final day of the FII PRIORITY Rio de Janeiro Summit concluded with pivotal discussions on global economic growth and sustainability. The day began with a fireside chat with His Excellency Geraldo Alckmin, Vice President of Brazil, who addressed foreign direct investment and the global energy transition.

Fairfax Financial Holdings Limited (FRFHF) has completed its previously announced offering of US$600,000,000 in aggregate principal amount of 6.100% senior notes due 2055 and an additional US$150,000,000 of its 6.000% senior notes due 2033.

Image: https://ml.globenewswire.com/Resource/Download/f4b83cfb-321b-4c60-aed3-ecb996da0079/bailbonds-polk-county.jpeg Bail America?Bail Bonds, a leading bail bonds company offering bail services for felonies and Misdemeanors bonds night and day, is excited to announce the introduction of Florida?s first bail bonds calculator, which will offer users transparency on the cost of bail.

Key Highlights Existing-home sales slightly declined in May as the median sales price climbed to a record high, according to the National Association of Realtors?. In the four major U.S. regions, sales slid month-over-month in the South but were unchanged in the Northeast, Midwest and West.

Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.87 percent. ?Mortgage rates fell for the third straight week following signs of cooling inflation and market expectations of a future Fed rate cut,? said Sam Khater, Freddie Mac?s Chief Economist.

Fairfax Financial Holdings Limited (FRFHF) announces that it has priced a private offering of US$600,000,000 of senior notes due 2055 at an issue price of 99.585% and a private offering of an additional US$150,000,000 of its 6.000% senior notes due December 7, 2033 at an issue price of 102.697%, plus accrued interest.