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.
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.
Despite Recent Decline in Mortgage Rates, Existing Home Sales Likely to Remain Weak WASHINGTON, Aug. 21, 2024 Despite the recent pullback in mortgage rates, total home sales are expected to come in lower than previously forecast through the rest of 2024, and then not pick up meaningfully until further out in 2025, according to the?August 2024 commentary from the Fannie Mae?Economic and Strategi...
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.
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...
Company Set to Elevate the Bar for Operational and Compliance Excellence DALLAS, Aug. 20, 2024 BBG Real Estate Services, a leading independent commercial real estate services firm and pioneer of bundled service offerings, is proud to announce the addition of Peter Christensen, J.D., as General Counsel & Chief Compliance Officer and Marty Skolnik, MAI, as GSE Compliance Officer.
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 ...
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.
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.
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.
WASHINGTON, Aug. 13, 2024 Fannie Mae?today began marketing its most recent sale of reperforming loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio. The sale consists of approximately 3,119 loans, having an unpaid principal balance of approximately $611.2 million, and is available for purchase by qualified bidders.
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.
NEW YORK, Aug. 12, 2024 Lument announced today it has entered into an exclusive correspondent relationship with Arcus Harbor Real Estate Capital under which Arcus Harbor will refer all Fannie Mae, Freddie Mac, and FHA loans it originates to Lument for underwriting, processing, and closing.
NEW YORK, Aug. 12, 2024 ?TidalWave, a leading innovator in the financial technology sector, is proud to announce that its purposely built AI copilot engine SOLO??is now integrated with Loan Product Advisor?, Freddie Mac's automated underwriting system.
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.
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.
The average rate on the popular U.S. 30-year mortgage plunged to its lowest level since May 2023 this week, following days of market turbulence resulting from last week's softer-than-expected employment report. The 30-year fixed-rate mortgage averaged 6.47% during the week ending Aug. 8, down from 6.73% in the prior week, mortgage finance agency Freddie Mac said on Thursday.
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.
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.
Funds Will Be Used to Create Three Affordable Housing Projects to Serve Homeless Population The Federal Home Loan Bank of Dallas is pleased to announce that three Affordable Housing Program grants totaling $2.5 million have been awarded in U.S. Representative Lloyd Doggett?s district. This press release features multimedia. ?This is a welcome response to one of our community?s most pressing needs.
Only 17% Say It's a 'Good Time' to Buy, Despite Known Aspiration to Own WASHINGTON, Aug. 7, 2024 The Fannie Mae?Home Purchase Sentiment Index? decreased 1.1 points in July to 71.5, as an overall lack of affordability continues to hamstring consumer sentiment toward the housing market.
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.
Funds Will Assist with Substantial Rehabilitation to Pattison, Mississippi, 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 Bennie Thompson?s district that will enable the Mississippi Regional Housing Authority No. VI to rehabilitate a vacant property into a vibrant affordable housin...
Just 29% of Families Who Completed the New FAFSA? Found it Easier to Complete Families reported spending $28,409 on college for academic year 2023-24 ? in line with $28,026 in 2022-23 ? and covered nearly half of expenses with income and savings, according to new data in ?How America Pays for College 2024,? the annual study from Sallie Mae and Ipsos, released today.
- Mortgage financing firms Fannie Mae and Freddie Mac are set to impose stricter rules for commercial property lenders and brokers, following a budding regulatory crackdown on fraud in the multi-trillion dollar market, the Wall Street Journal reported on Monday.
Mortgage financing firms Fannie Mae and Freddie Mac are set to impose stricter rules for commercial property lenders and brokers, following a budding regulatory crackdown on fraud in the multi-trillion dollar market, the Wall Street Journal reported on Monday.
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.
Funds Will Repurpose Several Historical Buildings and Add New Units in Waco, Texas. A $510,000 Affordable Housing Program grant from the Federal Home Loan Bank of Dallas, through its member Texas Capital, will help fund a 34-efficiency unit affordable housing development for veterans in Waco, Texas. This press release features multimedia.
The average rate on the popular U.S. 30-year mortgage rate fell to 6.73% this week, its lowest level since February as the bond market reacted to signs of cooling inflation. The 30-year fixed-rate mortgage was 5 basis points lower than a week earlier when it averaged 6.78%, mortgage finance giant Freddie Mac said on Thursday.
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.
Residents will be able to participate in a credit-building initiative to improve their financial health LEHI, Utah, Aug. 1, 2024 /PRNewswire/ -- Entrata, a leading multifamily industry operating system, today announced that recently acquired Rent Dynamics is now working with Freddie Mac Multifamily as part of its credit-building initiative.
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.
U.S. single-family home prices were unchanged in May and the annual increase was the smallest in 10 months as higher mortgage rates stifled demand, boosting housing supply. The unchanged reading in house prices followed a 0.3% month-on-month rise in April, the Federal Housing Finance Agency said on Tuesday.
RED BANK, N.J., July 30, 2024 ?Halcyon is proud to announce that they are now an authorized tax transcript report supplier for the Desktop Underwriter? validation service/ D1C. "At Fannie Mae, we are committed to digitizing the mortgage process," says Peter Skarnulis, Fannie Mae's VP of Single-Family Digital Management Solutions.
WASHINGTON, July 30, 2024 Fannie Mae?today reported its second quarter 2024 financial results and filed its Second Quarter 2024 Form 10-Q with the Securities and Exchange Commission. Fannie Mae has scheduled 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.
South Delta Animal Rescue received a $15,000 donation from the Bank of Anguilla today during a ceremonial check presentation of CARE funds that were awarded by the Federal Home Loan Bank of Dallas. This press release features multimedia.
WASHINGTON, July 29, 2024 Fannie Mae's June 2024 Monthly Summary is now available. About Fannie Mae Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America. Fannie Mae Newsroom https://www.fanniemae.com/newsroom.
The Federal Home Loan Bank of Dallas today reported net income of $187.3 million for the quarter ended June 30, 2024. Total assets at June 30, 2024 were $126.2 billion, compared with $125.1 billion at March 31, 2024 and $128.3 billion at December 31, 2023. Advances totaled $75.2 billion at June 30, 2024, compared with $69.1 billion at March 31, 2024 and $80.0 billion at December 31, 2023.
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.
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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