NMI Holdings, Inc. (NMIH), the parent company of?National Mortgage Insurance Corporation?, today provided guidance on its capital position under the revised Private Mortgage Insurer Eligibility Requirements released by?Fannie Mae?and?Freddie Mac?, and the?Federal Housing Finance Administration? on?August 21, 2024.
Enact Holdings, Inc. (ACT), a leading provider of private mortgage insurance through its insurance subsidiaries, today addressed the updated Private Mortgage Insurer Eligibility Requirements released by Fannie Mae and Freddie Mac, and the Federal Housing Finance Administration on August 21, 2024 which will be phased-in between March 31, 2025 and September 30, 2026.
Trimont, the leading global commercial real estate loan services provider, has entered into a definitive agreement to purchase Wells Fargo?s non-agency third-party Commercial Mortgage Servicing business, the largest servicer of CRE securitized debt in the U.S. The transaction, backed by V?rde Partners, positions Trimont as the largest loan servicer, managing a combined $640 billion of loans in ...
Image: CS 2024 Winners The Federal Home Loan Bank of Indianapolis has awarded the 2024 Community Spirit Award to Vice President James Parker of Central Savings Bank in Sault Ste.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.49 percent. ?While rates increased slightly this week, they remain more than half a percent lower than the same time last year,? said Sam Khater, Freddie Mac?s Chief Economist.
Greystone, a leading national commercial real estate finance company, has provided an $18,620,000 Fannie Mae Delegated Underwriting & Servicing loan for the acquisition of a 204-unit multifamily property in Fort Worth, Texas. Constructed in 2003, The Residences of Diamond Hill in Tarrant County is a 40-building garden-style apartment community featuring two-, three- and four-bedroom apartments.
Federal Home Loan Bank of Atlanta announced today that it has appointed Tanya Eastwood to its Affordable Housing Advisory Council. In this role on the Council, Eastwood will work closely with her fellow councilmembers and the FHLBank Atlanta board of directors and management team to support community lending and housing finance needs within FHLBank Atlanta?s district.
Michael P. Puorro, Chairman and Chief Executive Officer of Hanover Bancorp, Inc. (HNVR) the bank holding company for Hanover Community Bank, today announced grants to seventeen local not-for-profit organizations as a part of the Federal Home Loan Bank of New York?s Small Business Recovery Grant Program.
Federal Home Loan Bank of Indianapolis today announced that more than two dozen Indiana small businesses with receive the Bank?s annual Elevate Small Business Grant, totaling more than $550,000 in awards statewide.
Federal Home Loan Bank of Indianapolis today announced that nearly two dozen Michigan small businesses will receive the Bank?s annual Elevate Small Business Grant, totaling $450,000 in awards statewide.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.73 percent. ?Mortgage rates declined to their lowest level since early February,? said Sam Khater, Freddie Mac?s Chief Economist.
Greystone, a leading national commercial real estate finance company, has provided a $74,576,000 Fannie Mae Delegated Underwriting & Servicing loan to refinance a 672-unit multifamily property in Burleson, Texas. Constructed in 2023, Shannon Creek Apartments in Johnson County is a garden-style community with 24 buildings featuring one- and two-bedroom units.
In response to recent emergency declarations in Indiana and Michigan, the Federal Home Loan Bank of Indianapolis will open its Disaster Relief Program to residents in affected counties across the two states.
Federal Home Loan Bank of Atlanta announced today that it will make an additional $10 million in Workforce Housing Plus+ Program funding available on Wednesday, July 31. FHLBank Atlanta members can apply for up to $500,000 on a first-come, first-served basis and use funding awarded to grant eligible homeowners up to $15,000 for downpayment and closing cost assistance.
Freddie Mac today reported its Second Quarter 2024 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, July 31, 2024, to share its results with the media. Freddie Mac?s mission is to make home possible for families across the nation.
Freddie Mac announced today that it plans to report its Second Quarter 2024 financial results before the U.S. financial markets open on Wednesday, July 31, 2024. The company will hold a call at 9 a.m. Eastern Time on Wednesday, July 31, 2024, to share the company?s results with the media. Freddie Mac?s mission is to make home possible for families across the nation.
The Federal Home Loan Bank of New York launched the 2024 Round of its Small Business Recovery Grant Program with $5 million in grant funding available to local small businesses and non-profits through the FHLBNY?s members. ?Small businesses and non-profits continue to face economic challenges,? said Jos? R. Gonz?lez, president and CEO of the FHLBNY.
Greystone, a leading national commercial real estate finance company, has provided a $14,500,000 Fannie Mae Delegated Underwriting & Servicing loan to refinance a 216-unit multifamily property in Hoover, Alabama. Constructed in 1983, 700 Riverchase in Shelby County is a garden-style apartment community with 12 buildings featuring one-, two- and three-bedroom units.
Freddie Mac today posted to its website its Monthly Volume Summary for June 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.
Today the Board of Directors of the Federal Home Loan Bank of Indianapolis declared its second quarter 2024 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 9.50% and 4.50%, respectively.
Federal Home Loan Bank of Atlanta today released preliminary unaudited financial highlights for the quarter ended June?30, 2024. Operating Results for the Second Quarter of 2024. Financial Condition Highlights. Reliable Source of Liquidity. Commitment to Affordable Housing and Community Development.
The board of directors of the Federal Home Loan Bank of Atlanta today approved a second quarter 2024 cash dividend at an annualized rate of 7.35 percent.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.78 percent. ?Mortgage rates essentially remained flat from last week but have decreased nearly half a percent from their peak earlier this year,? said Sam Khater, Freddie Mac?s Chief Economist.
A new annual report by the National Low Income Housing Coalition that highlights current trends in rental housing and average wages across the country echoes similar sobering findings of a housing needs assessment conducted by the Federal Home Loan Bank of Indianapolis in 2023.
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.
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.
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.
Mortgage rates continued to trickle down this month, falling to 6.77%. The housing market continues its long-term movement to equilibrium, albeit slowly, as housing remains unaffordable for many Americans. The Data: According to a Freddie Mac report, the average 30-year fixed mortgage rate fell to 6.77% in the week ending July 17. This is lower than the 6.89% reading from the week ending July 11.
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.
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.
?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.
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.
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.
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.
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.
Shares of U.S.-listed mortgage lenders have risen on the heels of U.S. regulators allowing the Federal Home Loan Mortgage Corp (FMCC), aka Freddie Mac, to buy second mortgages, a move that could lower the cost of borrowing against home equity. The Federal Housing Finance Authority said Freddie Mac could buy up to $2.5 billion of second mortgages over an 18-month trial period, Bloomberg reported.
What is the key to bringing home sale volume up and home prices down? The Data: Freddie Mac?s May macroeconomic report examined key trends in the housing and mortgage market. While 2024?s higher-for-longer interest rate environment remains the most obvious obstacle to lowering home prices, the report emphasized supply as a means to restore the market to balance.
Mortgage rates have declined for the third consecutive week following signs of cooling inflation and lower interest rates from the Federal Reserve, according to Freddie Mac . The 30-year fixed mortgage rate averaged 6.87% as of Thursday, down from last week?s average of 6.95%. A year ago, the rate registered an average of 6.67%, Freddie Mac?s Primary Mortgage Survey showed.
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.
Greystone, a leading national commercial real estate finance company, announced that William ?Bill? Iacobucci has joined the firm as a Senior Director, Real Estate Lending.
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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