News Results

  1. Greystone Provides $20.6 Million in Fannie Mae Financing for Two Idaho Multifamily Properties
    GlobeNewswire | 10:01 AM EDT

    Greystone, a leading national commercial real estate finance company, has provided $20,661,000 in Fannie Mae Delegated Underwriting Services financing for two multifamily properties in Rexburg, Idaho. The 264-unit multifamily portfolio properties are located a half mile apart and serve a student population of BYU-Idaho and residents of Rexburg with a mix of one- and two-bedroom units.

  2. ORYZON Announces a New Financing Through a Convertible Bond Program for a Total Amount up to ?20 Million Over 30 Months
    GlobeNewswire | 08:00 AM EDT

    MADRID, Spain and CAMBRIDGE, Mass., July 05, 2022 -- Oryzon Genomics, S.A. (ORYZF), a clinical-stage biopharmaceutical company leveraging epigenetics to develop therapies in diseases with strong unmet medical need, announced today the entry into a convertible bonds financing agreement with Nice & Green in bonds convertible into new shares for a total amount of ?20 Million.

  3. Cytokinetics Announces Pricing of $450 Million Convertible Senior Notes Offering
    GlobeNewswire | 07/01/22 03:35 AM EDT

    Cytokinetics, Incorporated (CYTK) today announced the pricing of its offering of $450.0 million aggregate principal amount of 3.50% convertible senior notes due 2027 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.

  4. Mortgage Rates Pause from their Ascent
    GlobeNewswire | 06/30/22 10:00 AM EDT

    Freddie Mac today released the results of its Primary Mortgage Market Survey, showing that the 30-year fixed-rate mortgage averaged 5.70 percent. ?The rapid rise in mortgage rates has finally paused, largely due to the countervailing forces of high inflation and the increasing possibility of an economic recession,? said Sam Khater, Freddie Mac?s Chief Economist.

  5. Cytokinetics Announces Proposed Convertible Senior Notes Offering
    GlobeNewswire | 06/29/22 04:35 PM EDT

    Cytokinetics, Incorporated (CYTK) today announced its intention to offer, subject to market and other conditions, $450.0 million aggregate principal amount of convertible senior notes due 2027 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.

  6. Freddie Mac Takes Further Action to Help Renters Achieve Homeownership??
    GlobeNewswire | 06/29/22 10:00 AM EDT

    Freddie Mac??announced that it will increase homeownership opportunities for first-time homebuyers by considering on-time rent payments as part of the company?s loan purchase decisions. ?This extremely important initiative will help many renters move closer to achieving the dream of homeownership,? said Michael DeVito, CEO of Freddie Mac.

  7. Starfleet Innotech Signs LOI to Acquire PPM Toys
    GlobeNewswire | 06/29/22 09:25 AM EDT

    Starfleet Innotech, Inc. (SFIO) announced today it has entered into an agreement with North America-based toy manufacturing and licensing powerhouse PPM Toys to jointly explore an acquisition towards accelerating both companies? global growth efforts.

  8. Researchers: Rising Interest Rates Not Likely to Give Renters Relief
    GlobeNewswire | 06/29/22 09:00 AM EDT

    Crushing rent increases remain the norm across Florida and beyond, and the Federal Reserve?s recent interest rate hike is unlikely to improve the landscape for cash-strapped renters, according to researchers at Florida Atlantic University and two other schools.

  9. PHH Mortgage Announces Agreement With Federal Home Loan Bank of Indianapolis to Purchase Mortgage Servicing Rights
    GlobeNewswire | 06/28/22 04:15 PM EDT

    PHH Mortgage, a subsidiary of Ocwen Financial Corporation (OCN) and a leading non-bank mortgage servicer and originator, announced today that it has entered into an agreement with Federal Home Loan Bank of Indianapolis to purchase mortgage servicing rights through its Mortgage Purchase Program.

  10. Freddie Mac Issues Monthly Volume Summary for May 2022
    GlobeNewswire | 06/27/22 04:32 PM EDT

    Freddie Mac today posted to its website its Monthly Volume Summary for May 2022, which provides information on Freddie Mac?s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities, and other investments. Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.

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.

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