Expanding mortgage collateral options for FHLBNY members will provide additional resources to originate more loans for diverse and underserved borrowers SAN FRANCISCO, Oct. 25, 2024 /PRNewswire/ --?The Federal Home Loan Bank of New York and VantageScore announced today that members of the Federal Home Loan Bank of New York can now pledge mortgage collateral using VantageScore 4.0 credit scores,...
BEIJING, Oct. 28, 2024 ?China is confident to achieve around 5-percent GDP growth target for 2024, and the country will step up counter-cyclical adjustments in fiscal policy in addition to monetary policy stimulus, China's Vice Minister of Finance Liao Min said on Friday during a meeting of the World Bank, according to a readout released on the website of China's Ministry of Finance on Sunday.
BOSTON, Oct. 25, 2024 The Federal Home Loan Bank of Boston announced its preliminary, unaudited third quarter results for 2024, reporting net income of $60.4 million for the quarter. The Bank's board of directors has declared a dividend equal to an annual yield of 8.36%, the daily average of the Secured Overnight Financing Rate for the third quarter of 2024 plus 300 basis points.
New Enhancements Introduced to the CIRT Structure WASHINGTON, Oct. 25, 2024 Fannie Mae?announced today that it has executed its seventh Credit Insurance Risk Transfer? transaction of the year.
STAMFORD,?Conn. Third Quarter 2024 Financial Highlights: Q4 2024 Outlook: This outlook is based on?Tronox's (TROX) views on current global economic activity and is subject to changes and impacts associated with the macroeconomic conditions, global supply chain, and inflation-related challenges, among others.
Company to Host Conference Call WASHINGTON, Oct. 24, 2024 Fannie Mae today announced plans to report its third quarter 2024 financial results on Thursday morning, October 31, 2024, before the opening of U.S. financial markets. Fannie Mae has scheduled a conference call to discuss the company's results at 8:00 a.m., ET, on October 31, 2024.
WASHINGTON, Oct. 24, 2024 Fannie Mae?today announced the winning bidder for its twenty-fifth Community Impact Pool of non-performing loans. The CIP awarded in this most recent transaction includes 29 loans with an aggregate UPB of $7,175,159; average loan size of $247,419; and weighted average note rate of 4.93%. The cover bid, which was the second highest bid, for the CIP was 90.85% of UPB.
LONDON, Oct. 23, 2024 ?ION, a global leader in trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporate organizations, announces it?has connected to the FMX Futures Exchange?, which opened on 23 September 2024.
KAZAN, Russia, Oct. 22, 2024 Countries of the Global South are increasingly looking upon the?BRICS grouping as an indispensable international force for global economic development and the building of a more just, equitable world. This year marks the beginning of greater BRICS cooperation after the expansion of the grouping in 2023.
DETROIT, Oct. 22, 2024 True Market, a pioneer of financial technology, today announced a strategic collaboration with?PIMCO, a global investment management firm, leveraging True Market's advanced virtual private ATS technology and Software as a Service solutions.
Confidence improved in North America over the last quarter, but uncertainty is extremely elevated amid geopolitical developments and the upcoming U.S. election NEW YORK and?MONTVALE, N.J., Oct. 22, 2024 /PRNewswire/ -- The latest ACCA and IMA??Global Economic Conditions Survey suggests that global confidence among accountants and finance professionals declined moderately in Q3 and is now at...
NEW YORK, Oct. 22, 2024 The slowing of the 5G network rollout in 2023 has had a knock-on effect on the market demand for enterprise cybersecurity, according to ABI Research, a global technology intelligence firm.
NEW YORK, Oct. 21, 2024 The Conference Board Leading Economic Index? ?for the?US declined by 0.5% in September 2024 to 99.7, following a 0.3% decline in August. "Weakness in factory new orders continued to be a major drag on the US LEI in September as the global manufacturing slump persists," said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board.
The 3rd AlBaraka Summit will explore a path to a more sustainable global economy rooted in Islamic economic principles. ?. LONDON, Oct. 21, 2024 /PRNewswire/ --?Islamic finance continues to be a significant and growing part of the global financial landscape, with a?$3 trillion finance market.
In collaboration with NIBSS, Nigerian banks, and IMTOs, the CBN seeks to deepen engagement with the?Nigerian?diaspora community HOUSTON, Oct. 19, 2024 /PRNewswire/ --?The?Central?Bank?of?Nigeria,?in?collaboration?with?the Nigeria Inter-Bank Settlement System, major Nigerian banking institutions, and International Money?Transfer?Operators,?will?participate?in?a?pivotal forum?titled?Optimizing?Re...
HONG KONG, Oct. 18, 2024 CLPS Incorporation?, today announced its financial results for the six months ended?June 30, 2024?and full year of fiscal 2024. Fiscal year 2024 presented unique challenges due to global economic uncertainties and industry-wide layoffs.
DUBAI, UAE, Oct. 17, 2024 Bybit, the world's second-largest cryptocurrency exchange by trading volume, proudly announces its recognition as the "Best Blockchain Company of the Year" at the Future Enterprise Awards 2024, organized by Tahawul Tech. Hosted by CPI Media Group, the Future Enterprise Awards honor visionaries across industries shaping the future through transformative technologies.
Home Price Growth Expected to Decelerate in 2025 as Affordability Remains Stretched WASHINGTON, Oct. 17, 2024 Following annual revisions to the national accounts and an improvement in payroll employment growth in both August and September, the economy now appears to be on firmer footing than previously thought, according to the October 2024 commentary from the Fannie Mae?Economic and Strategic ...
PHILADELPHIA, Oct. 16, 2024 ?Thomas Jefferson University today announced that it has commenced a tender offer to purchase for cash the debt securities issued by TJU listed in the table below.
NEW YORK, Oct. 16, 2024 S&P Global (SPGI) today published the latest edition of its Look Forward research series, which identifies and assesses the opportunities and challenges the next decade will bring for emerging markets' economic growth in terms of energy transition, supply chain integration and labor productivity.
SARATOGA SPRINGS, N.Y., Oct. 16, 2024 ?Taligence, an executive search firm specializing in marketing leadership hiring, and Aspen Technology Labs, a global leader in labor market intelligence, have unveiled their U.S. Marketing Jobs Report for Q3 2024, providing a detailed analysis of the marketing job landscape in a post-pandemic world.
Manulife gives half a million dollars in prize money to challenge winners to help accelerate their mission to enable people to live healthier, more prosperous lives?. BOSTON, Oct. 16, 2024 /PRNewswire/ - Manulife today announced the winners of the Prospering in Longevity Challenge, through UpLink, the World Economic Forum's open innovation platform, and the Forum's Centre for Financial and Mon...
Move comes as new leadership team sets stage for global growth WASHINGTON, Oct. 16, 2024 /PRNewswire/ --?Today, C&M International announced that it is rebranding to Crowell Global Advisors to reflect its growth and continued commitment to helping clients navigate the complex geopolitical landscape and develop the business and advocacy strategies they need to succeed and grow.
Previously Available in North Carolina and Texas, EHC Program Supports Property Owners and Renters in All Markets that Lack Source of Income Protections WASHINGTON, Oct. 15, 2024 /PRNewswire/ -- Fannie Mae?today announced enhancements to its Expanded Housing Choice initiative, including that it is now available in all jurisdictions without source of income protections, for new loans to multifam...
Latest?FNM-HPI Reading Showed Year-over-Year Increase of 5.9 Percent in Q3 2024 WASHINGTON, Oct. 15, 2024 Single-family home prices increased 5.9 percent from Q3 2023 to Q3 2024, a deceleration compared to the previous quarter's downwardly revised annual growth rate of 6.4 percent, according to the latest reading of the Fannie Mae Home Price Index.
Seasoned industry experts will advise Warburg Pincus on new investments and drive value creation across its portfolio companies LONDON and BERLIN, Oct. 15, 2024 /PRNewswire/ -- Warburg Pincus, a leading global growth investor, today announced the appointment of Dr. Francesco Granata and Dr. Axel Herberg as Senior Advisers working with its European business and global healthcare group.
WASHINGTON, Oct. 14, 2024 Fannie Mae?is reminding homeowners and renters impacted by natural disasters, including those affected by Hurricane Milton, of available mortgage assistance and disaster relief options.
CLARK, N.J., Oct. 11, 2024 /PRNewswire/ -- The GEP Global Supply Chain Volatility Index?? a leading indicator tracking demand conditions, shortages, transportation costs, inventories and backlogs based on a monthly survey of 27,000 businesses ? decreased in September to -0.43, its lowest level in 14 months and indicating the greatest level of global supply chain spare capacity since July 2023.
WASHINGTON, Oct. 10, 2024 Fannie Mae?announced today that it has executed a new Credit Insurance Risk Transfer? transaction. "We appreciate the support of the 25 insurers and reinsurers that committed to write coverage on this deal," said Rob Schaefer, Fannie Mae Vice President, Capital Markets.
WASHINGTON, Oct. 10, 2024 Fannie Mae?today announced the results of its twenty-fifth non-performing loan sale transaction. The loan pool awarded in this most recent transaction includes: The cover bid, which is the second highest bid for the pool, was 101.29% of UPB. Bids are due on Fannie Mae's Community Impact Pool on October 17, 2024.
Shortages in medical personnel worldwide weighing on real gains. CLEVELAND, Oct. 9, 2024 ?Global healthcare expenditures are projected to rise 3.0% annually in real terms through 2028, according to Global Healthcare, a report recently released by Freedonia Focus Reports. View the full subscription-ready collection here: https://www.freedoniagroup.com/freedonia-focus.
HONG KONG, Oct. 9, 2024 Among many Chinese private enterprises,?Fosun (FOSUF) stands out for its early start in globalization, firm execution, and strong operational capabilities. Recently, Fosun (FOSUF) has been very active in the Middle East region. In July, Hainan Mining signed a memorandum of understanding with Ajlan & Bros Holding to explore the feasibility of a lithium salt plant project in Saudi Arabia.
NEW YORK CITY, N.Y., Oct. 8, 2024 Earnest Analytics, the leading data analytics firm for investors, companies, and consulting firms, has released a new Earnest Analytics Spend Index, powered by the Vela Gamma transaction dataset.
WASHINGTON, Oct. 8, 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 8,721 loans, having an unpaid principal balance of approximately $1.429 billion, and is available for purchase by qualified bidders.
LONDON, Oct. 8, 2024 ION, a global leader in trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporate organizations, announces that Instantia has selected ION Foreign Exchange for trade execution, trade management, risk, and settlement management for its FX business.
TEMPE, Ariz. The report was issued today by Nancy LeMaster, MBA, Chair of the Institute for Supply Management? Hospital Business Survey Committee: "The Hospital PMI??registered 55 percent in September, a 3.6-percentage point decrease from the August reading of 58.6 percent, indicating a 13th consecutive month of growth after a contraction in August 2023.
Renter Sentiment Also Up, Including Share Expecting Rates to Fall WASHINGTON, Oct. 7, 2024 The Fannie Mae?Home Purchase Sentiment Index? increased 1.8 points in September to 73.9, its highest level in more than two years, as consumers reported survey-high optimism that mortgage rates will decline over the next 12 months.
Four key metrics in positive territory as tech unemployment rate falls to 2.5% DOWNERS GROVE, Ill. 2 The significant increase pushed the tech unemployment rate back down to 2.5%, well below the national unemployment rate. "It was never really a question of if, but when employers were going to resume hiring," Tim Herbert, chief research officer, CompTIA.
ROME, Oct. 4, 2024 The Rockefeller Foundation became the first philanthropy to join the Global Alliance Against Hunger and Poverty at an event today with its President Rajiv Shah, the Brazilian Ambassador to the Rome-based Agencies, Carla Barroso Carneiro, and The Food and Agriculture Organization Director-General QU Dongyu.
A.M. Best and Morningstar DBRS affirm Foresters financial strength ratings TORONTO, Oct. 3, 2024 Foresters Financial?, a leading global life insurer committed to empowering its members and their families to do more of the good they want to do, today announced that independent rating agency A.M. Best Company?has affirmed The Independent Order of Foresters Financial Strength Rating of "A" with a ...
Business Activity Index at 59.9%; New Orders Index at 59.4%; Employment Index at 48.1%; Supplier Deliveries Index at 52.1% TEMPE, Ariz. The report was issued today by Steve Miller, CPSM, CSCP, Chair of the Institute for Supply Management? Services Business Survey Committee: "In September, the Services PMI??registered 54.9 percent, 3.4 percentage points higher than August's figure of 51.5 percent.
DALLAS, Oct. 3, 2024 NexPoint Residential Trust, Inc. (NXRT) announced today the closing of 17-property mortgage refinancings through J.P. Morgan Chase Bank and The Federal Home Loan Mortgage Corporation, the sale of Stone Creek at Old Farm, and the Company is scheduled to host a conference call on Tuesday, October 29, 2024, at 11:00 a.m. ET, to discuss third quarter 2024 financial results.
OKLAHOMA CITY, Oct. 2, 2024 Ascent Resources Utica Holdings, LLC announced today that it, along with its wholly-owned subsidiary, ARU Finance Corporation, has priced a private offering of $600 million in aggregate principal amount of 6.625% senior unsecured notes due 2032 at par.
HAMILTON, Bermuda, Oct. 2, 2024 Borr Drilling Limited (BORR) has today requested Nordic Trustee AS to summon for a bondholders' written resolution for the Company's senior unsecured convertible bonds with?ISIN NO0012828187.
HAMILTON, N.J., Oct. 2, 2024 ?The World Economic Forum ? at the Sustainable Development Impact Meetings 2024, its marquee Climate Week event in NYC ? announced that Tidal Metals is a winner of its highly competitive Sustainable Mining Challenge. Uplink is WEF's innovation platform with a mission to enable an innovation ecosystem to drive positive systemic change for people and the planet.
ROSELAND, N.J., Oct. 2, 2024 ?Private sector employment increased by 143,000 jobs in September and annual pay was up 4.7 percent year-over-year, according to the September ADP? National Employment ReportTM produced by ADP Research in collaboration with the Stanford Digital Economy Lab.
OKLAHOMA CITY, Oct. 2, 2024 Ascent Resources Utica Holdings, LLC announced today that it, along with its wholly-owned subsidiary,?ARU Finance Corporation, intends to offer $600 million in aggregate principal amount of senior unsecured notes due 2032 in a private placement to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended.
DES MOINES, Iowa, Oct. 1, 2024 F&G Annuities & Life, Inc. (FG) today announced that it priced a public offering of $500 million aggregate principal amount of its 6.250% senior notes due 2034. The notes will be guaranteed on an unsecured, unsubordinated basis by each of F&G's subsidiaries that are guarantors of F&G's obligations under its existing credit agreement.
Process Intelligence Leader Aligns with WEF's Mission to Future-Proof Global Organizations SAN JOSE, Calif. Skan's technology empowers organizations to optimize operations and accelerate digital transformation.
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.