The Michigan Finance Authority closed on $79.5 million of distributable state aid fifth lien and LTGO financial recovery refunding bonds issued for Detroit.
Mexico's government does not see the central bank's international reserves as a source of financing, central bank deputy governor Jonathan Heath wrote in a post on X on Monday. "The government has said time and time again that it respects the Bank of Mexico's autonomy because it knows the importance that it represents for the country's economic stability," said Heath.
Federal National Mortgage Association (FNMA) : * FANNIE MAE ANNOUNCES CHANGES TO APPRAISAL ALTERNATIVES REQUIREMENTS. * FANNIE MAE- LTV RATIOS FOR VALUE ACCEPTANCE TO INCREASE FROM 80% TO 90% IN Q1 2025 Further company coverage:
Freddie Mac announced today several measures that will boost housing affordability for borrowers and first-time homebuyers in particular. The announcements were made at the Mortgage Bankers Association?s Annual Convention, taking place in Denver from October 27-30.
Federal Home Loan Mortgage Corp (FMCC) : * FREDDIE MAC EXPANDS REPURCHASE ALTERNATIVE PILOT FOR PERFORMING LOANS. * FREDDIE MAC- TO EXPAND LOAN REPURCHASE ALTERNATIVE PILOT NATIONWIDE IN Q1 2025. * FREDDIE MAC- ANNOUNCES NEW FEE-ONLY OPTION FOR PERFORMING LOANS.
WASHINGTON, Oct. 28, 2024 Fannie Mae?today announced changes to the eligibility requirements for Value Acceptance and Value Acceptance + Property Data, two key components of the company's valuation modernization options.
Freddie Mac??today announced it will expand its performing loan repurchase alternative pilot to lenders nationwide beginning in the first quarter of 2025. ?In today?s challenging housing market, Freddie Mac is committed to enhancing our processes and reducing costs,? said Sonu Mittal, SVP and head of Single-Family Acquisitions at Freddie Mac.
KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2024-K165 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-165. The underlying transaction is collateralized by 49 fixed-rate multifamily mortgage loans.
Municipal advisor Hamlin Capital Advisors and Michael Ferrell Braun have been charged by the SEC for failing to disclose material conflicts of interest to its charter school clients.
Brazil's central bank chief Roberto Campos Neto said on Monday that the volume of subsidized credit in the country has not grown to a point it would impact monetary policy. "It has increased, but not to the extent, as of now, that will change dramatically the neutral rate," he said, referring to the equilibrium rate that neither cools nor overheats the economy.
Development Features a Master-Planned Community with Support Services in Austin, Texas. Representatives from the Federal Home Loan Bank of Dallas, through its member Frost Bank, awarded $1.5 million in Affordable Housing Program grants to Mobile Loaves & Fishes, a Christian social outreach ministry in Austin, Texas. This press release features multimedia. Community First!
Brazil's central bank chief Roberto Campos Neto said on Monday that recent inflation figures in the country have been mixed, emphasizing the importance for policymakers to have time to analyze data.
The loss of Japan's ruling bloc's parliamentary majority has heightened prospects that a new government will need to ramp up spending and of potential complications for further central bank interest rates hikes.
* Dollar index on track for best month since April 2022. * Market awaits key US economic data for Fed's rate outlook. * 10-year Treasuries yields at three-month high. By Anjana Anil.
FITCH: * FITCH: BOEING EQUITY RAISE SUPPORTS LIQUIDITY, ALLEVIATES DOWNGRADE RISK. * FITCH ON BOEING SAYS IAM UNION STRIKE CONTINUES PROLONGING RE-ESTABLISHMENT OF OPERATIONAL MOMENTUM.
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,...
United States Representatives Ritchie Torres and Gregory Meeks announced today that members of the Federal Home Loan Bank of New York can now pledge mortgage collateral using VantageScore 4.0 credit scores, which considers rental payments and other data points that are not included in traditional scoring models ? expanding the number of diverse and creditworthy mortgage applicants and creating ...
The central bank of Nigeria has signed an agreement with the International Finance Corp to expand local currency financing for Nigerian businesses and cut foreign exchange risks, the agencies said in a statement on Monday. The IFC, a World Bank Group member, aims to "significantly scale up" its financing in Nigeria, targeting over $1 billion in the coming years, the statement said.
First Northwest Bancorp (FNWB): * FIRST NORTHWEST BANCORP AND FIRST FED BANK ANNOUNCE CONSENT ORDER TERMINATION AND QUARTERLY SHAREHOLDER DIVIDEND. * First Northwest Bancorp (FNWB) - FIRST FED BANK RESOLVES DEFICIENCIES IN THE BANK'S COMPLIANCE PROGRAM Source text: Further company coverage:
By RoboForex Analytical Department The EUR/USD pair began the week around 1.0789, reflecting heightened global economic uncertainties and a strong inclination towards safe-haven assets. The preference for the US dollar as a safe haven was notably evident over the weekend during Japan's general election, underscoring the currency's reliability in times of political and economic uncertainty.
First Fed Bank, the wholly owned subsidiary of First Northwest Bancorp (FNWB), announced that on October 23, 2024, the Federal Deposit Insurance Corporation terminated the Consent Order issued to the Bank that was effective November 21, 2023.?The termination of the Consent Order follows the Bank?s successful resolution of the deficiencies in the Bank?s compliance program that was the subject of the Or...
* Euro zone yields edge lower. * French-German 10-yr spread steady after Moody's cuts France's outlook. * Selloff in US Treasuries continues; 10-yr yields hit fresh high. By Medha Singh.
- Boeing (BA) on Monday launched a stock offering that could raise up to $22 billion as the planemaker looks to strengthen its finances squeezed by an over month-long strike by its workers and preserve its investment-grade credit rating.
* Gold projected to hit $2,900/oz within 12 months, says analyst. * China's Jan-Sept gold consumption slides 11% * US 10-year Treasury yields hit three-month high. By Anushree Mukherjee. Oct 28 - Gold prices eased on Monday, weighed down by a firmer dollar and higher Treasury yields while traders await a slew of U.S. economic data for guidance on the U.S. Federal Reserve's interest rate stance.
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.
The pound was on track for its biggest monthly fall since September 2023 against the dollar while being roughly unchanged versus the euro with markets focused on major central banks' monetary easing paths. Bank of England officials showed last week a more cautious approach to policy easing, with Governor Bailey arguing inflation is being pushed down by annual base effects.
- The nine days until Federal Reserve officials sit down to decide what to do next with interest rates features a veritable murderers' row of events to shape their move - everything from key employment and inflation data to a closely fought U.S. presidential election.
* Key jobs, inflation data due before Fed's Nov. 6-7 meeting. * US presidential election looms over next policy decision. * Policymakers comfortable with prospect of more rate cuts. By Ann Saphir.
Investors globally are piling into the U.S. dollar and betting on rising volatility ahead of a crucial two weeks in which the United States picks a president, Japan faces political paralysis, three major central banks set interest rates and the new UK government presents its budget.
* Gold projected to hit $2,900/oz within 12 months, says analyst. * China's Jan-Sept gold consumption slides 11% * US 10-year Treasury yields hit three-month high. By Anushree Mukherjee.
ABU DHABI, United Arab Emirates---- AD Ports Group, the leading facilitator of global trade, logistics, and industry in the Arabian Gulf and Red Sea, unveiled a new economic impact report that underscored the Group?s growing role as a driver of economic diversification in Abu Dhabi and the UAE. This press release features multimedia.
Euro zone government bond yields were at fresh multi-week highs on Monday, tracking moves in U.S. Treasuries ahead of a data-packed week and in the final run-up to the U.S. elections.
Lithuania's incoming Social Democratic government will target defence spending of at least 3.5% of its gross domestic product, the party's leader said on Monday. The Baltic country of 2.9 million people which neighbours Russia will spend about 3% of GDP on its armed forces this year, according to NATO estimates, making it the military alliance's sixth-biggest spender as a share of its economy.
* Political instability could force expansionary fiscal policy. * Smaller opposition parties call for lower taxes. * Weak yen could pressure BOJ to hike rates, analysts say. By Makiko Yamazaki.
- There is no urgency for the European Central Bank to cut interest rates quicker and it could even live with a small, temporary undershoot of its inflation target, Belgian central bank chief Pierre Wunsch said, joining colleagues in pushing back on more dovish views.
* Talk of Trump's gains permeates IMF, World Bank annual meetings. * Dollar bets on Trump win already impacting some emerging markets. * Finance chiefs fear massive U.S. tariffs, deficit increases. * Harris seen continuing Biden's multilateral engagement. By David Lawder and Karin Strohecker.
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.
Log In Required
Line of Credit Log In Required
Publication Date