Federal Home Loan Bank of Atlanta today released preliminary unaudited financial highlights for the quarter and year ended December?31, 2024. Fourth Quarter 2024 Operating Results. Annual 2024 Operating Results. Financial Condition Highlights. Reliable Source of Liquidity. Commitment to Affordable Housing and Community Development.
CINCINNATI, Feb. 20, 2025 The Federal Home Loan Bank of Cincinnati today released unaudited financial results for the year ended December 31, 2024. Overview Throughout 2024, the FHLB successfully delivered on its dual mission of providing access to ongoing liquidity funding to member financial institutions and expanding support for affordable housing and community investment.
The Federal Home Loan Bank of Pittsburgh announced today unaudited financial results for the full year and fourth quarter ended December 31, 2024. Financial Highlights: Credit Products Highlights: Community Investment Products Highlights: Statements of Income FHLBank?s net income totaled $587.5 million for the year ended December 31, 2024, compared to $581.6 million for the same prior-year period.
Mortgage Rates Predicted to End 2025 at 6.6 Percent but Remain Volatile WASHINGTON, Feb. 20, 2025 Incoming gross domestic product, labor market, and inflation data point to an economy that entered 2025 with strong momentum, according to the February 2025 commentary from the Fannie Mae Economic and Strategic Research Group.
?Recognition spotlights ServiceMac as one of the top-rated servicers in the U.S.? ServiceMac, an innovative mortgage subservicer and a member of the First American family of companies, today announced the company has been honored as a Freddie Mac 2024 Servicer Honors and Rewards Program award winner, earning gold in the category for servicers that service between 75,000-199,999 Freddie Mac mort...
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.
To support housing affordability and help more individuals and families achieve the dream of homeownership, the Federal Home Loan Bank of Chicago announces its commitment of $46 million in funding for its 2025 Downpayment Plus grant program opening today.
BOSTON, Feb. 14, 2025 The Federal Home Loan Bank of Boston announced its preliminary, unaudited fourth quarter and annual financial results for 2024, reporting net income of $82.1 million for the quarter and $290.5 million for the year.
Federal National Mortgage Association (FNMA) : * FANNIE MAE REPORTS NET INCOME OF $17.0 BILLION FOR 2024 AND $4.1 BILLION FOR FOURTH QUARTER 2024. * FANNIE MAE Q4 NET REVENUES $7,297 MILLION; Q4 NET INTEREST INCOME $7,182 MILLION Source text: Further company coverage:
WASHINGTON, Feb. 14, 2025 ?Fannie Mae today reported its fourth quarter and full-year 2024 financial results and filed its 2024 Form 10-K 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.
Funds Will Be Used for Financial Property Education, Will Planning and Legal Clinics. The Federal Home Loan Bank of Dallas, through its member Bonvenu Bank, awarded $50,000 in Heirs? Property Program grants to two organizations that support resolving heirs? property issues in the Baton Rouge, Louisiana, area. This press release features multimedia.
Funds Will Be Used for Financial Property Education. The Federal Home Loan Bank of Dallas, through its member Bonvenu Bank, awarded a $25,000 Heirs? Property Program grant to the Fuller Center for Housing of Northwest Louisiana during a ceremonial check presentation this week. This press release features multimedia.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.87%. ?The 30-year fixed-rate mortgage continued to inch down this week, reaching its lowest level thus far in 2025,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today reported its Fourth Quarter and Full-Year 2024 financial results and filed its Annual Report on Form 10-K with the U.S. Securities and Exchange Commission. The company will hold a call at 9 a.m. Eastern Time today, February 13, 2025, to share its results with the media. Freddie Mac?s mission is to make home possible for families across the nation.
Funds Will Be Used to Resolve Heirs? Property Issues and Support Local Entrepreneurs. The Federal Home Loan Bank of Dallas, through its member Hancock Whitney, awarded $75,000 in Heirs? Property Program grants to Louisiana Appleseed, Desire Community Housing Corporation and Divine Touch Community Development Center at a ceremonial check presentation. This press release features multimedia.
Freddie Mac announced today that it plans to report its Fourth Quarter and Full-Year 2024 financial results before the U.S. financial markets open on Thursday, February 13, 2025. The company will hold a call at 9 a.m. Eastern Time on Thursday, February 13, 2025, to share the company?s results with the media. Freddie Mac?s mission is to make home possible for families across the nation.
Company to Host Conference Call WASHINGTON, Feb. 11, 2025 Fannie Mae?today announced plans to report its fourth quarter and full-year 2024 financial results on Friday morning, February 14, 2025, 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 February 14, 2025.
Net income of $620 million, with $168 million in contributions to support affordable housing and community investment The Federal Home Loan Bank of Chicago today announced its preliminary and unaudited financial results for 2024. FHLBank Chicago expects to report net income of $620 million for 2024 when it files the Form 10-K with the Securities and Exchange Commission next month.
Greystone, a leading national commercial real estate finance company, has provided a $20,777,000 Fannie Mae Delegated Underwriting & Servicing loan to refinance a 206-unit multifamily property in Allentown, Pennsylvania. Wynnewood Greens, built in 1975, comprises 18 low-rise, three-story buildings.
KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2025-K759 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-759. The underlying transaction is collateralized by 24 fixed-rate multifamily mortgage loans.
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 February 3, 2025 and related Notice of Guaranteed Delivery dated February 3, 2025.
Sharply Higher Share of Survey Respondents Expects Rent Prices to Rise WASHINGTON, Feb. 7, 2025 /PRNewswire/ -- The Fannie Mae?Home Purchase Sentiment Index? increased 0.3 points in January to 73.4, bouncing back slightly after falling last month for the first time since July.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.89%. ?The 30-year fixed-rate mortgage decreased this week, now averaging 6.89%,? said Sam Khater, Freddie Mac?s Chief Economist.
KBRA assigns preliminary ratings to 24 classes from Freddie Mac Structured Agency Credit Risk REMIC 2025-HQA1 Notes, Freddie Mac STACR REMIC Trust 2025-HQA1, a credit risk sharing transaction with a total note offering of $620,000,000.
Strategic Hire Builds on D2's $1 Billion Launch and Partnership with Koch Real Estate Investments DALLAS, Feb. 6, 2025 /PRNewswire/ -- D2 Asset Management, LP today announced that David Brickman, former CEO of Freddie Mac and NewPoint Real Estate Capital, has joined the firm as President of Residential Real Estate.
KBRA releases the January 2025 issue of CMBS Trend Watch. Following on the heels of a strong 2024 issuance year, January continued to exhibit strength, with year-over-year private label CMBS issuance increasing 38.1%. This was despite the benchmark rate increasing, while credit spreads remained stable relative to year-end.
Community Housing Capital and the Federal Home Loan Bank of Atlanta announced today an investment of $750,000 in grant funding designated for John Grace Arms, a project to construct 60 multifamily rental units in Southfield, Michigan.
Sallie Mae?, formally SLM Corporation (SLM), today announced Chief Financial Officer Pete Graham will speak at the Bank of America Securities 2025 Financial Services Conference on Wednesday, Feb. 12, at 12:10 p.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.
Sallie Mae?, formally SLM Corporation (SLM), today announced Chief Financial Officer Pete Graham will speak at the 2025 UBS Financial Services Conference on Monday, Feb. 10, at 12:10 p.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. Category: Corporate and Financial.
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 Monday, February 3, 2025. Freddie Mac has engaged BofA Securities, Inc. and Morgan Stanley & Co. LLC as lead dealer managers and Academy Securities, Inc. as co-dealer manager for the Offer.
The Federal Home Loan Bank of Dallas has allocated $1 million for its Housing Assistance for Veterans program ? up from $300,000 in 2024 ? and has expanded the criteria to serve more veterans and service members. HAVEN is open to active service members, veterans, reservists and National Guard members who suffered a service-related disability and is also available to Gold Star Families.
The Federal Home Loan Bank of Dallas is pleased to announce the appointment of Bobby Wilkinson, executive director of the Texas Department of Housing and Community Affairs, to the FHLB Dallas Affordable Housing Advisory Council. This press release features multimedia. ?It is such an honor to be appointed to the FHLB Dallas Affordable Housing Advisory Council.
Federal National Mortgage Association (FNMA): * FANNIE MAE: CONVENTIONAL SINGLE-FAMILY SERIOUS DELINQUENCY RATE INCREASED 3 BASIS POINTS TO 0.56% IN DECEMBER. * FANNIE MAE: MULTIFAMILY SERIOUS DELINQUENCY RATE DECREASED 3 BASIS POINTS TO 0.57% IN DECEMBER Source text: Further company coverage:
The Federal Home Loan Bank of San Francisco announced today that its Board of Directors and Chief Executive Officer Alanna McCargo have jointly determined that effective immediately Ms. McCargo will step down as President and CEO.
WASHINGTON, Jan. 30, 2025 Fannie Mae's?December 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.
The board of directors of the Federal Home Loan Bank of Atlanta today approved a cash dividend for the fourth quarter 2024 at an annualized rate of 7.10 percent. ?Throughout the fourth quarter of 2024, our commitment to helping members through economic uncertainty and advancing our mission remained steadfast,? said FHLBank Atlanta Chair of the Board, Thornwell Dunlap.
The Federal Home Loan Bank of Dallas is pleased to announce the appointment of Daniel Boggs to the FHLB Dallas Affordable Housing Advisory Council, representing the state of Mississippi. This press release features multimedia.
The Federal Home Loan Bank of Dallas is pleased to announce the appointment of tribal housing veteran Isaac Perez to the FHLB Dallas Affordable Housing Advisory Council. This press release features multimedia. Mr. Perez has been appointed to the Advisory Council?s newly created tribal housing position.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.95%. "The 30-year fixed-rate has hovered between 6% and 7% for most of the last two and a half years. News Facts The PMMS? is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit.
Funds Will Be Used to Protect Vulnerable Communities from Displacement. The Federal Home Loan Bank of Dallas, through its member Woodforest National Bank?, awarded a $100,000 Heirs? Property Program grant to the Mexican American Unity Council in San Antonio, Texas. This press release features multimedia.
The Federal Home Loan Bank of Dallas is pleased to announce the appointment of three new members to its Affordable Housing Advisory Council and two reappointments. This press release features multimedia.
Greystone Servicing Company LLC, a leading national commercial real estate finance company, announced it ranks in the Top 10 for total production volume of both Fannie Mae and Freddie Mac loans in 2024. In 2024, Greystone once again ranked #1 for volume for all lenders in Fannie Mae Small Loans, illustrating its commitment to middle-market and workforce housing markets nationwide.
U.S. single-family house prices increased moderately in November as higher mortgage rates curb demand, boosting the supply of homes on the market. House prices rose 0.3% on a month-on-month basis after an upwardly revised 0.5% increase in October, the Federal Housing Finance Agency said on Tuesday. They advanced 4.2% in the 12 months through November, following an unrevised 4.5% gain in October.
U.S. single-family house prices increased moderately in November as higher mortgage rates curb demand, boosting the supply of homes on the market. House prices rose 0.3% on a month-on-month basis after an upwardly revised 0.5% increase in October, the Federal Housing Finance Agency said on Tuesday. They advanced 4.2% in the 12 months through November, following an unrevised 4.5% gain in October.
Shares of Fannie Mae and Freddie Mac fell Monday after Keefe, Bruyette & Woods analysts downgraded the stocks to Underperform. What To Know: The Keefe, Bruyette & Woods analysts, led by Tommy McJoynt, said that though the odds of a privatization attempt have grown lately, they see "considerable risk" to the stocks at their current levels.
Freddie Mac today posted to its website its Monthly Volume Summary for December 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.
FHLB's popular down payment assistance program offers grants to low- and moderate-income homebuyers CINCINNATI, Jan. 24, 2025 /PRNewswire/ -- The Federal Home Loan Bank of Cincinnati's Welcome Home Program will open at 8:00 a.m. ET on March 3, 2025. The WHP offers grants of up to $20,000 to fund down payment and closing costs for low- and moderate-income homebuyers.
Sallie Mae, formally SLM Corporation (SLM), today released fourth-quarter and full-year 2024 financial results. This press release features multimedia. Sallie Mae will host an earnings conference call today, Jan. 23, 2025, at 5:30 p.m. ET. A replay of the webcast will be available via the company?s investor website approximately two hours after the call?s conclusion.
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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