Mortgage rates continue to fall toward 6% as the housing market absorbs the Federal Reserve?s 0.5% rate cut on Wednesday, raising demand for refinancing and buying, stated Freddie Mac. The average rate for a 30-year fixed mortgage fell to 6.09% on Thursday, down from 6.2% a week ago and 7.19% a year earlier, according to Freddie Mac?s Primary Market Mortgage Survey.
Small Business Boost Loan Gives Startup a Leg Up. A Small Business Boost loan from Arkansas Federal Credit Union and the Federal Home Loan Bank of Dallas helped fund the opening of a premium doggie daycare in North Little Rock, Arkansas. This press release features multimedia.
U.S. mortgage rates dropped to the lowest level in more than 1-1/2 years this week and could fall further after the Federal Reserve cut interest rates for the first time since 2020. The average rate on the popular 30-year fixed-rate mortgage fell to 6.09%, the lowest since February 2023, from 6.20% last week, mortgage finance agency Freddie Mac said on Thursday.
U.S. mortgage rates dropped to the lowest level in more than 1-1/2 years this week and could fall further after the Federal Reserve cut interest rates for the first time since 2020. The average rate on the popular 30-year fixed-rate mortgage fell to 6.09%, the lowest since February 2023, from 6.20% last week, mortgage finance agency Freddie Mac said in a statement on Thursday.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.09 percent. ?Mortgage rates continued declining towards the six percent mark, reviving purchase and refinance demand for many consumers,? said Sam Khater, Freddie Mac?s Chief Economist.
Greystone, a leading national commercial real estate finance company, has provided a $41,535,000 Freddie Mac Optigo? loan to refinance a 252-unit multifamily property in Winter Park, FL. The financing was originated by Haig Kilicyan and Donny Rosenberg of Greystone on behalf of White Eagle Group.
The Freddie Mac Multifamily Apartment Investment Market Index? rose nationwide by 0.3% quarter over quarter and 2.2% year over year, according to data released today.
WASHINGTON, Sept. 18, 2024 Despite a significant decline in mortgage rates and improved supply in some parts of the country, existing home sales are not expected to pick up meaningfully through the remainder of 2024, with the annual pace now forecast to be the slowest since 1995, according to the September 2024 commentary from the Fannie Mae?Economic and Strategic Research Group.
Federal National Mortgage
Association (FNMA): * FANNIE MAE PRICES $708 MILLION CONNECTICUT AVENUE SECURITIES REMIC DEAL Source text for Eikon: Further company coverage:
WASHINGTON, Sept. 17, 2024 Fannie Mae priced Connecticut Avenue Securities? Series 2024-R06, an approximately $708 million note offering that represents Fannie Mae's sixth and final CAS REMIC? transaction of the year. The reference pool for CAS Series 2024-R06 consists of approximately 50,000 single-family mortgage loans with an outstanding unpaid principal balance of approximately $16.6 billion.
The Partnership Grant Program Provides 5:1 Match of Members? Donations. More than $1.2 million in funding was awarded to 47 community-based organizations by the Federal Home Loan Bank of Dallas and 41 member institutions.
Funds Help Finance Small Businesses and Startups. In response to the growing demand for small business funding, the Federal Home Loan Bank of Dallas is expanding its successful Small Business Boost program by adding $1.27 million in funds, bringing the total available funding in 2024 to $4.27 million.
- Allies of Republican U.S. presidential candidate Donald Trumps and bankers have been discussing plans on ending U.S. government control of the mortgage-finance firms Fannie Mae and Freddie Mac if he wins the election, the Wall Street Journal reported on Thursday.
Allies of Republican U.S. presidential candidate Donald Trumps and bankers have been discussing plans on ending U.S. government control of the mortgage-finance firms Fannie Mae and Freddie Mac if he wins the election, the Wall Street Journal reported on Thursday.
Opendoor Technologies Inc. (OPEN), a leading e-commerce platform for residential real estate transactions, today announced that David Benson, former President of Fannie Mae, has been appointed to its Board of Directors, effective immediately. ?I am thrilled to welcome David to our Board. ?I am pleased to join the Board of Opendoor,? said Mr. Benson.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.20 percent. ?Mortgage rates have fallen more than half a percent over the last six weeks and are at their lowest level since February 2023,? said Sam Khater, Freddie Mac?s Chief Economist.
A U.S. regulator on Thursday banned Navient (NAVI) from servicing federal student loans, excluding the company once known as Sallie Mae from a market it once led, and ordered it to pay $120 million for years of student lending failures.
-A U.S. regulator on Thursday banned Navient (NAVI) from servicing federal student loans, excluding the company once known as Sallie Mae from a market it once led, and ordered it to pay $120 million for years of student lending failures.
Freddie Mac announced today the pricing of its second Seasoned Credit Risk Transfer Trust offering of 2024?a securitization of approximately $658 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned re-performing loans.
2024-NPL3 Includes the Company's Twenty-Fifth Community Impact Pool Offering WASHINGTON, Sept. 10, 2024 Fannie Mae?today announced its latest sale of non-performing loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio, including the company's twenty-fifth Community Impact Pool.
Freddie Mac today announced that its Board of Directors has selected real estate and financial services industry veteran Diana Reid to serve as the company?s chief executive officer, effective immediately.
Greystone, a leading national commercial real estate finance company, announced it has closed a Freddie Mac loan and preferred equity component to refinance a 288-unit multifamily property located in North Carolina. Greystone provided a $50,071,000 10-year Freddie Mac Optigo? loan with an additional $6,250,000 in preferred equity funds provided by Lubert Adler.
Regional Divergence in Consumer Sentiment Likely a Function of New Supply WASHINGTON, Sept. 9, 2024 The Fannie Mae?Home Purchase Sentiment Index? increased 0.6 points in August to 72.1, as consumers reported significantly greater optimism about the future direction of mortgage rates despite showing little change in overall homebuying sentiment.
Federal Home Loan Mortgage Corp (FMCC): * FREDDIE MAC ANNOUNCES RESULTS OF TENDER OFFER FOR CERTAIN STACR NOTES. * Federal Home Loan Mortgage Corp (FMCC) - APPROXIMATELY $1.3 BILLION IN NOTES VALIDLY TENDERED Source text for Eikon: Further company coverage:
Freddie Mac today announced the tender results of its previously announced offer to purchase any and all of the STACR? Notes listed in the table below. The Company has conducted the Offer in accordance with the conditions set forth in the Offer to Purchase dated August 29, 2024 and related Notice of Guaranteed Delivery dated August 29, 2024.
Freddie Mac today released the results of its Primary Mortgage Market Survey??, showing the 30-year fixed-rate mortgage averaged 6.35 percent. ?Mortgage rates remained flat this week as markets await the release of the highly anticipated August jobs report,? said Sam Khater, Freddie Mac?s Chief Economist.
Panel Also Shares Thoughts on Most Impactful Potential Policy Reforms to Boost Housing Supply WASHINGTON, Sept. 5, 2024 ?Following home price growth of 6.0% in 2023, a panel of housing experts forecasts annual national home price growth of 4.7% in 2024 and 3.1% in 2025, according to the Q3 2024 Fannie Mae?Home Price Expectations Survey, produced in partnership with Pulsenomics, LLC.
Freddie Mac announced today it will offer approximately $233 million in non-performing loans for sale via auction. The NPLs are being marketed via three pools: a Standard Pool Offering and two Extended Timeline Pool Offerings, which target participation by smaller investors, including non-profits and Minority, Women, Disabled, LGBTQ+, Veteran or Service-Disabled Veteran-Owned Businesses.
NORFOLK, Va., Sept. 4, 2024 Harbor Group International, LLC, a privately owned international real estate investment and management firm, today announced that, through an affiliate, it has successfully completed a securitization of multifamily mortgage loans through Freddie Mac's Q Series securitization program.
Comprehensive Housing Assistance, Inc., together with the Federal Home Loan Bank of Atlanta and Truist, along with State, City and foundation funding, are pleased to showcase the completion of Woodland Gardens I, a new four-story building providing attractive, affordable housing in Baltimore, Maryland.
The average rate on the popular U.S. 30-year mortgage rate fell to 6.35% for the week ending Aug. 29, the lowest since May 2023, due to expectations of a Federal Reserve interest rate cut next month. That was down from 6.46% in the prior week, mortgage finance agency Freddie Mac said on Thursday in its weekly update of home loan rates.
Freddie Mac today released the results of its Primary Mortgage Market Survey??, showing the 30-year fixed-rate mortgage averaged 6.35 percent. "Mortgage rates fell again this week due to expectations of a Fed rate cut,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today announced that it has commenced a fixed-price cash tender offer for the purchase of any and all of the STACR? Notes listed in the table below beginning Thursday, August 29, 2024. Freddie Mac has engaged Citigroup Global Markets Inc. and BofA Securities, Inc. as lead dealer managers and Academy Securities, Inc. as co-dealer manager for the Offer.
Seventy-Six Low-Income Apartments Built for Residents 55 and Older in Jackson, Mississippi. Jackson, Mississippi, has a new, $28 million affordable apartment community that serves income-restricted seniors, thanks, in part, to an $850,000 Affordable Housing Program grant from the Federal Home Loan Bank of Dallas awarded through Trustmark National Bank. This press release features multimedia.
WASHINGTON, Aug. 28, 2024 Fannie Mae's?July 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.
Notification and Grace Period Lease Requirements for New Multifamily Loans Begin February 2025 WASHINGTON, Aug. 28, 2024 /PRNewswire/ -- Fannie Mae today released additional information regarding new protections for tenants in multifamily properties with mortgages backed by Fannie Mae and Freddie Mac, the Government-Sponsored Enterprises.
Freddie Mac? Multifamily today published an overview of its policy framework to require minimum lease standards at multifamily properties with a new enterprise-backed loan. The policy framework, which was published jointly by both Freddie Mac and Fannie Mae on their respective websites today, includes an overview of implementation, monitoring and enforcement provisions.
Sallie Mae?, formally SLM Corporation (SLM), today announced Chief Financial Officer Pete Graham will speak at the Barclays Global Financial Services Conference on Tuesday, Sept. 10, at 10:30 a.m. ET. A live audio webcast and replay will be available at SallieMae.com/investors. Sallie Mae believes education and life-long learning, in all forms, help people achieve great things.
U.S. single-family home prices fell in June, leading to the smallest annual increase in nearly a year, as higher mortgage rates pushed buyers to the sidelines and boosted housing supply. House prices dipped 0.1% on a month-on-month basis after being unchanged in May, the Federal Housing Finance Agency said on Tuesday. Prices were up 0.9% in the second quarter compared to the January-March quarter.
U.S. single-family home prices fell in June, leading to the smallest annual increase in nearly a year, as higher mortgage rates pushed buyers to the sidelines and boosted housing supply. House prices dipped 0.1% on a month-on-month basis after being unchanged in May, the Federal Housing Finance Agency said on Tuesday. Prices were up 0.9% in the second quarter compared to the January-March quarter.
$3.5 Million Allocated to Help Housing Agencies Reach More Under-Resourced Communities to Support Homebuyers in Illinois and Wisconsin In support of its mission to provide liquidity to members and support affordable housing and community development, the Federal Home Loan Bank of Chicago is proud to announce an increase of $1.5 million for its Community First? Housing Counseling Resource Progra...
Freddie Mac today posted to its website its Monthly Volume Summary for July 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.
Greystone, a leading national commercial real estate finance company, has provided a total of $21,503,000 in Fannie Mae Delegated Underwriting & Servicing loans to refinance two multifamily properties in New York City?s Harlem neighborhood.
Funds Will Support Affordable Housing and Economic Development in Underserved Communities. Almost $3.4 million in funding was awarded to 14 nondepository community development financial institutions through the Federal Home Loan Bank of Dallas Capacity Building and Growth Grant program.
The average rate on the popular U.S. 30-year fixed-rate mortgage ticked down this week to the lowest level since May 2023, but may need to fall further for the housing market to see significant improvement in demand. The 30-year fixed-rate mortgage averaged 6.46% during the week ending Aug. 22, down from 6.49% in the prior week, mortgage finance agency Freddie Mac said on Thursday.
The average rate on the popular U.S. 30-year fixed-rate mortgage ticked down this week to the lowest level since May 2023, but may need to fall further for the housing market to see significant improvement in demand. The 30-year fixed-rate mortgage averaged 6.46% during the week ending Aug. 22, down from 6.49% in the prior week, mortgage finance agency Freddie Mac said on Thursday.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.46 percent. ?Although mortgage rates have stayed relatively flat over the past couple of weeks, softer incoming economic data suggest rates will gently slope downward through the end of the year,? said Sam Khater, Freddie Mac?s Chief Economist.
MILWAUKEE, Aug. 21, 2024 Mortgage Guaranty Insurance Corporation, the principal subsidiary of?MGIC Investment Corporation?, comments on the updates by the government sponsored enterprises, Fannie Mae and Freddie Mac, to the Private Mortgage Insurer Eligibility Requirements Available Assets Standards. "We are proud of the critical role private mortgage insurance plays in the housing finance system.
- Implementation of PMIERs Updates is not expected to materially impact Radian Guaranty?s capital position or PMIERs cushion Radian Guaranty Inc., the principal mortgage insurance subsidiary of Radian Group Inc. (RDN), announced that updates to the Private Mortgage Insurer Eligibility Requirements that were issued today by Fannie Mae and Freddie Mac, are not expected to have a material impact on Radi...
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