Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.91 percent. ?Inching up to just shy of seven percent, mortgage rates reached their highest point in nearly six months,? said Sam Khater, Freddie Mac?s Chief Economist.
WASHINGTON, Dec. 31, 2024 Fannie Mae's??November 2024 Monthly Summary is now available. About Fannie MaeFannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America. Fannie Mae Newsroomhttps://www.fanniemae.com/newsroom.
-Bill Ackman expects U.S. President-elect Donald Trump to remove Fannie Mae and Freddie Mac from conservatorship, potentially making them private companies again, the billionaire investor said on Monday.
U.S. stock markets experienced a downturn today, with the?S&P 500?declining by 1.07%. The?NASDAQ?also saw a decrease, falling by almost 1.2%. The Dow Jones Industrial Average declined almost 1%. Despite these indices in the red, certain stocks captured significant attention from investors.
-Bill Ackman expects U.S. President-elect Donald Trump to remove Fannie Mae and Freddie Mac from conservatorship, potentially making them private companies again, the billionaire investor said on Monday.
Freddie Mac today published on its website the National Association of Insurance Commissioners 2024 filing year designations for certain STACR REMIC Trust, STACR Trust, and STACR Debt Notes. Overall, of the 209 reviewed STACR Notes, all have achieved NAIC 1 Designation including all A1, M1 and M2 Notes offered through 2024 STACR transactions.
Freddie Mac today released the results of its Primary Mortgage Market Survey??, showing the 30-year fixed-rate mortgage averaged 6.85 percent. ?Mortgage rates increased for the second straight week, rebounding after a decline from earlier this month,? said Sam Khater, Freddie Mac?s Chief Economist.
Federal Home Loan Mortgage Corp (FMCC) : * FREDDIE MAC: IN NOV, SINGLE-FAMILY DELINQUENCY RATE ROSE TO 0.56%, MULTIFAMILY DELINQUENCY RATE ROSE TO 0.41% VERSUS.
Freddie Mac today posted to its website its Monthly Volume Summary for November 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.
Federal Home Loan Bank of Des Moines is pleased to announce that more than $100 million will be awarded to 55 affordable housing initiatives in its district. ?FHLB Des Moines is very honored to play an important role in enabling our members? communities to be strong and vibrant places to work and live,? says Kris Williams,?president and CEO of FHLB Des Moines.
Impact-Resistant Roofing Gains Traction in Hurricane-Prone Areas. A homeowner in New Orleans, Louisiana, is the proud owner of a storm-resistant roof thanks to a $14,653 grant from the Federal Home Loan Bank of Dallas, awarded through its member Gulf Coast Bank & Trust.
Federal Home Loan Bank of Atlanta today announced the recipients of its 2024 Affordable Housing Program General Fund awards. For the complete list of 2024 awards, click here. ?Each year, we are proud of how our member institutions leverage this annual fund to strengthen their communities and expand access to affordable housing,? said FHLBank Atlanta President and CEO Kirk Malmberg.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.72 percent. ?This week, mortgage rates crept up to a similar average as this time in 2023,? said Sam Khater, Freddie Mac?s Chief Economist.
The Freddie Mac Multifamily Apartment Investment Market Index? rose nationwide by 5.3% quarter-over-quarter and 9.2% year-over-year, according to new data released today, continuing an upward trend. ?AIMI increased as mortgage rates fell, decreasing the cost of financing,? said Sara Hoffmann, senior director of Multifamily Research at Freddie Mac.
Greystone, a leading national commercial real estate finance company, announced it has assisted Cedar Rapids Bank and Trust in completing a $157 million Freddie Mac Q-Series securitization.
Three quarters of homeowners born before 1964 are likely to leave much of their $17 trillion in home equity to their children, according to Freddie Mac?s latest analysis of the housing perceptions, preferences and plans of Baby Boomers.
In response to the challenges faced by small businesses impacted by flooding and wildfires in New Mexico, the Federal Home Loan Bank of Dallas is offering $1 million in grants through the Small Business Recovery Grant program to support recovery efforts in affected counties.
WASHINGTON, Dec. 18, 2024 Fannie Mae?announced today its 2025 Connecticut Avenue Securities? Issuance Calendar as part of its efforts to ensure transparency in the market. "Fannie Mae will continue to be dynamic in its approach to CRT issuance in 2025.
A new joint report by the Federal Home Loan Bank of Indianapolis and Black Onyx Management found more than 1,800 heirs? properties ? land or property passed down among family members without a formal will or estate plan after the owner?s death ? collectively valued at more than $258 million in Marion and Allen counties, two of Indiana?s most populated counties.
The pace of insurance borrowings from the Federal Home Loan Bank slowed last year following a spike when many U.S. life/annuity insurance companies took advantage of the lower cost of borrowing to capitalize on high interest rates and new money yields, according to a new AM Best report.
Mr. Cooper Group Inc. (COOP) announced today the appointment of Andrew Bon Salle to its board of directors, effective January 1, 2025. This press release features multimedia. Bon Salle brings more than 30 years of experience in capital markets, risk management, securitization and mortgage policy leadership within the home lending sector.
Funds to Promote Economic and Artistic Development. The Federal Home Loan Bank of Dallas, along with Community 1st Bank, provided $9,000 in Partnership Grant Program funding to the Las Vegas Arts Council to promote economic and artistic development in Las Vegas, New Mexico. This press release features multimedia.
Fannie Mae Economists Share 5 Housing Market Predictions for New Year WASHINGTON, Dec. 16, 2024 Affordability and the so-called "lock-in effect" are expected to keep housing activity subdued in 2025, with existing home sales forecast to move only slightly upward from recent multi-decade lows, according to the December 2024 commentary from the Fannie Mae Economic and Strategic Research Group.
The Federal Home Loan Bank of New York announced today the results of the 2024 election for four positions on the FHLBNY?s Board of Directors whose terms will each commence on January 1, 2025. The specific results of the election were as follows: ?An active and engaged Board is key to the strength of any institution,? said Jos? R. Gonz?lez, president and CEO of the FHLBNY.
U.S. mortgage rates dropped to the lowest level in nearly two months this week, a trend that if sustained could boost home sales in the coming months. The average rate on the popular 30-year fixed-rate mortgage fell to 6.60%, the lowest level since the week ending Oct. 24, from 6.69% last week, mortgage finance agency Freddie Mac said on Thursday.
U.S. mortgage rates dropped to the lowest level in nearly two months this week, a trend that if sustained could boost home sales in the coming months. The average rate on the popular 30-year fixed-rate mortgage fell to 6.60%, the lowest level since the week ending Oct. 24, from 6.69% last 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 6.60 percent. ?The 30-year fixed-rate mortgage decreased for the third consecutive week,? said Sam Khater, Freddie Mac?s Chief Economist.
SAN FRANCISCO, Dec. 12, 2024 Hamilton Zanze, a leading San Francisco-based real estate investment firm, today announced that, in partnership with Limekiln Real Estate Investment Management, it formed a joint venture that acquired certain new-issue securities in the Freddie Mac K-165 transaction.
Funds to Help Organizations Prevent or Remediate Property Title Issues. The Federal Home Loan Bank of Dallas has awarded $2 million in Heirs? Property Program grants to assist 33 organizations in Arkansas, Mississippi, Louisiana and Texas to help prevent or remediate heirs? property issues.
Uridil to serve as board chair; Pell as vice chair CINCINNATI, Dec. 11, 2024 The Federal Home Loan Bank of Cincinnati's Board of Directors announced the results of the FHLB's 2024 director elections and board leadership updates. Brady T. Burt is Chief Financial Officer, Secretary and Treasurer of Park National Corp., and CFO of Park National Bank, Newark, Ohio.
The Federal Home Loan Bank of Pittsburgh, in conjunction with its housing finance agency partners, announced that $8.447 million in Home4Good grants have been awarded this year to support 95 programs in Delaware, Pennsylvania and West Virginia in the fight against homelessness.
Expansion of securities finance within the UAE and broader Middle East NEW YORK and ABU DHABI, UAE and LONDON, Dec. 11, 2024 /PRNewswire/ -- To drive expansion of Securities Lending in the UAE and wider Middle East, First Abu Dhabi Bank? has chosen global Fintech leader,?Broadridge?Financial Solutions, Inc.?, to support the build out of its global agency securities finance business.
Jump in Confidence Driven Largely by Increased Optimism that Mortgage Rates Will Fall WASHINGTON, Dec. 9, 2024 The Fannie Mae?Home Purchase Sentiment Index? increased 0.4 points in November to 75.0, continuing its sharp upward trend over the past year as consumers appear to be acclimating to the higher mortgage rate and home price environment.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.69 percent. ?This week, mortgage rates decreased to their lowest level in over a month,? said Sam Khater, Freddie Mac?s Chief Economist.
KBRA releases the November 2024 issue of CMBS Trend Watch. CMBS new issuance continued at a steady pace in November and is on track to pierce $100 billion, a level only experienced once since the global financial crisis. In November, KBRA published pre-sales for three deals including two conduits and one Agency.
Panel Also Forecasts Stagnant Home Sales and Only Modestly Lower Mortgage Rates WASHINGTON, Dec. 5, 2024 Following an average expectation for national home price growth of 5.2 percent in 2024, a panel of over 100 housing experts forecasts home price growth to decelerate to 3.8 percent in 2025 and 3.6 percent in 2026, according to the Q4 2024 Fannie Mae?Home Price Expectations Survey, produced i...
Funds Help Nonprofits Ramp Up Education and Services. The Federal Home Loan Bank of Dallas and Stellar Bank awarded $85,000 in Partnership Grant Program funding to support three Houston, Texas-based community development organizations ? the Community Development Corporation of Freedmens Town, Houston Real Estate Association CDC and Credit Coalition. This press release features multimedia.
Funds incentivize member institutions to originate conventional loans at below-market rates, benefiting hundreds of residents in Indiana and Michigan In response to heavy member demand, the Board of Directors of the Federal Home Loan Bank of Indianapolis recently approved adding $2.7 million to its new Rate Advantage Program, bringing the total program allocation to $6.7 million to make homeown...
Freddie Mac Multifamily today published the results of an analysis that examined challenges facing low-income renters as they seek to use Housing Choice Vouchers. ?Freddie Mac?s findings demonstrate that voucher usage is generally lower among areas that provide greater access to opportunity,? said Sara Hoffmann, senior director of Multifamily Research at Freddie Mac.
Valon Mortgage today announced that it has received approval as a Ginnie Mae Issuer, marking a significant milestone in the company?s journey. With its prior approvals from Fannie Mae, Freddie Mac, FHA, VA, and USDA, Valon is now positioned to expand its capabilities and build a comprehensive solution for the entire mortgage market.
KBRA releases a report on U.S. commercial mortgage-backed securities loan performance trends observed in the November 2024 servicer reporting period. In November, CMBS loans totaling $2.1 billion were newly added to the distress rate, of which 51.4% were due to imminent or actual maturity default.
The Federal Home Loan Bank of New York announced today that Jos? R. Gonz?lez, president and Chief Executive Officer of the FHLBNY, will retire from the FHLBNY on April 4, 2025, and that Randolph C. Snook, Chief Executive Officer of the FHLBanks Office of Finance, has been named as his successor to the role.
KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2024-K167 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-167. The underlying transaction is collateralized by 48 fixed-rate multifamily mortgage loans.
Greystone, a leading national commercial real estate finance company, announced it has assisted Webster Bank N.A. in completing a $303 million Freddie Mac Q-Series securitization. The transaction was led on behalf of Webster Bank by Greystone?s Structured Products Group, including Leena Amin, Senior Managing Director; Greg Darling, Managing Director; and Directors Max Garelick and Scott Fuller.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.81 percent. ?The 30-year fixed-rate mortgage moved down this week, but not by much,? said Sam Khater, Freddie Mac?s Chief Economist.
Federal Home Loan Mortgage Corp (FMCC) : * FREDDIE MAC - SINGLE-FAMILY DELINQUENCY RATE INCREASED FROM 0.54% IN SEPTEMBER TO 0.55% IN OCTOBER. * FREDDIE MAC - MULTIFAMILY DELINQUENCY RATE INCREASED FROM 0.39% IN SEPT TO 0.40% IN OCT Source text: Further company coverage:
Freddie Mac today posted to its website its Monthly Volume Summary for October 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.
WASHINGTON, Nov. 26, 2024 Fannie Mae's??October 2024 Monthly Summary is now available. About Fannie MaeFannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America.
U.S. single-family house prices increased solidly in September, which together with a resurgence in mortgage rates will further reduce affordability for many prospective homeowners. House prices jumped 0.7% on a month-on-month basis after an upwardly revised 0.4% rise in August, the Federal Housing Finance Agency said on Tuesday.
U.S. single-family house prices increased solidly in September, which together with a resurgence in mortgage rates will further reduce affordability for many prospective homeowners. House prices jumped 0.7% on a month-on-month basis after an upwardly revised 0.4% rise in August, the Federal Housing Finance Agency said on Tuesday.
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.
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