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Business Wire
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08/21/24 06:15 PM EDT
Essent Group Ltd. (ESNT) reported today that Fannie Mae and Freddie Mac, under the oversight of the Federal Housing Finance Authority, issued updates to the Private Mortgage Insurer Eligibility Requirements calculation of Available Assets and planned sunset of the use of the 0.3x Required Asset multiplier for loans in a COVID forbearance plan.
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Business Wire
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08/20/24 03:06 PM EDT
The Federal Home Loan Bank of Pittsburgh today announced the election of Thomas A. Hendry, Senior Vice President and Treasurer of New York Life Insurance and Annuity Corporation. and Nathaniel S. Bonnell, Chairman, President and CEO of Citizens Bank of West Virginia to the FHLBank Board of Directors.
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Business Wire
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08/20/24 02:53 PM EDT
LIHTC Lending Incentivizes Affordable Housing Support for Low-Income Individuals and Families in Illinois and Wisconsin The Federal Home Loan Bank of Chicago is announcing the Low-Income Housing Tax Credit Collateral Pilot Program, which provides members with increased lendable value on their pledged collateral for up to $300 million of qualifying mortgage loans on LIHTC multi-family housing pr...
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Business Wire
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08/15/24 05:50 PM EDT
Funds Will Assist in Development of Affordable Housing in New Orleans, Baton Rouge and River Ridge, Louisiana. The Federal Home Loan Bank of Dallas is pleased to announce that more than $2.8 million was awarded via four Affordable Housing Program grants in U.S. Representative Troy Carter?s district to increase the supply of affordable housing stock for individuals and families in need.
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Business Wire
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08/13/24 04:16 PM EDT
Funds Will Support High-Quality Affordable Housing Development The Federal Home Loan Bank of Dallas is pleased to announce that an Affordable Housing Program grant has been awarded in U.S. Representative Mike Ezell?s district. This press release features multimedia.
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Business Wire
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08/12/24 07:55 AM EDT
Program Seeks to Build Pipeline of Diverse Housing Developers Across Illinois and Wisconsin The Federal Home Loan Bank of Chicago today opened its application for the 2024 Community First? Diverse Developer Initiative.
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Business Wire
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08/08/24 03:53 PM EDT
The Station Celebrates Grand Opening in Little Rock, Arkansas. The Federal Home Loan Bank of Dallas awarded Immerse Arkansas a $225,000 Affordable Housing Program grant through FHLB Dallas member Arvest Bank to build a homeless shelter for young adults in Little Rock, Arkansas. This press release features multimedia.
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Business Wire
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08/08/24 11:36 AM EDT
AM Best has released newly updated tables of net capital charges associated with a representative sample of transactions from Fannie Mae and Freddie Mac?s credit risk transfer programs?Freddie Mac?s Agency Credit Insurance Structure and Fannie Mae?s Credit Insurance Risk Transfer.
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Business Wire
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08/08/24 10:51 AM EDT
The United Food and Commercial Workers International Union is urging regulators to reform the Federal Home Loan Bank System to address the housing crisis retail workers face. According to UFCW?s comment letter, Apollo Global Management is an example of how FHLBanks have strayed far from their housing mission.
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.
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