Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.49 percent. ?Mortgage rates continued to drop this week as optimism grows around the prospect that the Federal Reserve will slow its pace of rate hikes,? said Sam Khater, Freddie Mac?s Chief Economist.
Newtek Business Services Corp. (NEWT) today announced that it has received conditional approval from Office of the Comptroller of the Currency to complete its acquisition of the National Bank of New York City.
The Federal Home Loan Bank of Indianapolis Board of Directors has elected Karen F. Gregerson as Chair of the Board and Robert M. Fisher as Vice Chair of the Board, each for a two-year term beginning Jan. 1, 2023, and ending Dec. 31, 2024. Since 2016, Karen Gregerson has been President and CEO of The Farmers Bank in Frankfort, Ind.
Greystone, a leading national commercial real estate finance company, has provided an $11,916,000 Fannie Mae Multifamily Affordable Housing loan for the acquisition of a senior living community in Tavares, Florida. Constructed in 2006, Lake Point Senior Apartments in Lake County is a 160-unit, LIHTC, age-restricted, 3-story elevatored apartment complex.
StoneCo Ltd. (STNE) announced today that the Brazilian Central Bank has approved the technical requirement of change of control submitted by the Company amid a corporate restructuring involving its Founders, as announced by the Company on June 1, 2022.
Freddie Mac today released the results of its Primary Mortgage Market Survey, showing the 30-year fixed-rate mortgage averaged 6.58 percent. ?Mortgage rates continued to tick down heading into the Thanksgiving holiday,? said Sam Khater, Freddie Mac?s Chief Economist.
Meudon, 23 November 2022 ? Vallourec announces today that S&P Global has decided to upgrade Vallourec?s long-term issuer credit rating to 'B+' from 'B' and the issue rating on its senior unsecured notes to 'BB-' from 'B+'. S&P Global also affirmed 'B' rating on its commercial paper program. Attachment Image: Primary Logo.
Freddie Mac today posted to its website its Monthly Volume Summary for October 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.
Blink Charging Co. (BLNK), a leading designer, manufacturer and owner-operator of electric vehicle charging equipment and services, today announced Blink Charging Chairman and Chief Executive Officer, Michael D. Farkas, will be participating at the World Economic Forum?s inaugural?Advanced Energy Solutions meeting?in Geneva, providing business perspectives and sharing input on the acceleration of depl...
The Equipment Leasing and Finance Association?s Monthly Leasing and Finance Index, which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for October was $11.3 billion, up 6 percent year-over-year from new business volume in October 2021.
22 November 2022, 07:30 CET ArcelorMittal (MT) priced yesterday an offering of US$1.2 billion aggregate principal amount of 6.550% notes due 2027 and US$1.0 billion aggregate principal amount of 6.800% notes due 2032. The proceeds to ArcelorMittal (MT), amounting to approximately $2.2 billion, will be used for general corporate purposes.
Ecrid, Inc. (ECDD) announces today details on the Company's FHFA Lending Platform. A New Measure of Credit ? The traditional FICO credit score that Fannie Mae and Freddie Mac rely on to approve home buyers will soon be a thing of the past.
Greystone, a leading national commercial real estate finance company, has provided a $30,406,000 Fannie Mae Delegated Underwriting & Servicing loan to refinance a 206-unit multifamily property in Thornton, CO. The financing was originated by Dale Holzer, Managing Director in Greystone?s Newport Beach, CA office on behalf of Milky Way Apartments, LLC.
Newtek Business Services Corp. (NEWT) today announced that it has received approval from the Federal Reserve to become a bank holding company and a financial holding company by acquiring the National Bank of New York City.
The Federal Home Loan Bank of Indianapolis announced today that $7.24 million in affordable housing grants will be awarded to 17 affordable housing developments in Indiana and Michigan through the Bank?s 2022 Affordable Housing Program.
Key Highlights Existing-home sales retreated for the ninth straight month in October, according to the National Association of Realtors?. All four major U.S. regions registered month-over-month and year-over-year declines.
Freddie Mac today released its Green MBS Impact Report for 2021, providing transparency under the enterprise?s Single-Family Green Bond Framework. ?Freddie Mac?s sustainability focus strengthens our commitment to our mission and helps us drive long-term value for our stakeholders while making a difference in our communities,? said Freddie Mac?s Mark Hanson, Senior Vice President, Securitization.
Freddie Mac today set Dec. 2, 2022, as the date it intends to publish a one-time historical file reporting Social Index scores for all active and inactive or paid off mortgage-backed securities pools formed since January 2010.
Freddie Mac?s?Single-Family business today announced that its Credit Risk Transfer program reported Third Quarter 2022 CRT issuance of approximately $4.7 billion, protecting approximately $136 billion in unpaid principal balance of single-family mortgages.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.61 percent. ?Mortgage rates tumbled this week due to incoming data that suggests inflation may have peaked,? said Sam Khater, Freddie Mac?s Chief Economist. Khater added, ?Over the last fifty years, Freddie Mac has closely monitored the trajectory of mortgage rates.
Athene Holding Ltd. today announced it has agreed to sell $400 million of 6.650% senior unsecured notes due 2033. Athene intends to use the net proceeds from the offering for general corporate purposes. Morgan Stanley, BofA Securities, Goldman Sachs & Co. LLC and Wells Fargo Securities are acting as joint book-running managers for the offering.
Homeownership continues to be something to strive for among ?Generation Z,? the demographic cohort following Millennials, according to a new survey from Freddie Mac.
Greystone, a leading national commercial real estate finance company, has provided $39,173,000 in Freddie Mac Optigo? Small Balance Loans to refinance a portfolio of 10 multifamily properties consisting of 287 units located in and around Newark, New Jersey.
The Federal Home Loan Bank of Indianapolis Board of Directors has announced that it is seeking candidates to fill one vacant independent directorship, with a term that runs through Dec. 31, 2024.
Fomento Econ?mico Mexicano, S.A.B. de C.V. announced the placement of Mexican Peso-denominated sustainability linked bonds in the Mexican market for a total of Ps. The transaction was completed through a dual-tranche format with the tickers FEMSA 22-2L and FEMSA 22L.
Federal Home Loan Bank of Atlanta today announced its 2022 Affordable Housing Program General Fund awards. For the complete list of 2022 winners, click here. AHP General Funds are awarded annually through a competitive application process.
Greystone, a leading national commercial real estate finance company, has provided a $62,746,000 Fannie Mae Delegated Underwriting & Servicing Green Rewards loan to refinance a 330-unit multifamily property in Lehi, Utah. Constructed in 2020, Lehi Tech is mid-rise apartment community with five elevator buildings that features one- and two-bedroom units.
IPC Systems, Inc., a leading provider of secure, compliant communications and multi-cloud connectivity solutions for global financial markets and BondWave LLC, an affiliate of First Trust Portfolios L.P. and a leading financial technology firm focused on fixed income solutions, today announced the integration of the flagship Unigy and IQ/Max? Touch solutions with BondWave Calculator, an innovat...
Chief Outsiders,?the nation?s largest and fastest growing firm offering fractional Chief Marketing Officer services with Fortune 500 experience, today hosted a live discussion with?ITR Economics?to assess business demand in 2023.?Leading economic indicators were analyzed to ascertain what CEOs must do to ensure growth and success in the coming year.
Launched nine years ago, Neuroscience20 educates global leaders and Group of Twenty leaders about the cost of neurological, spine, and mental disorders. ?We studied the cost of neuro-psychiatric and spine disorders to the world economy, and it took us almost a year to compile the data.
Freddie Mac today published its 2023 funding calendar, which provides optional announcement dates for Reference Notes? securities and Reference Bills? securities.
Freddie Mac Multifamily?s loan purchase cap for 2023 will be $75 billion. ?The loan purchase cap and new mission-driven requirements will shape how we approach the multifamily market in the year ahead,? said Kevin Palmer, head of Multifamily for Freddie Mac. FHFA defines its mission-driven requirements in Appendix A of its Scorecard.
A new survey from Freddie Mac found that 64% of active-duty servicemembers transitioning to civilian life expect their search for affordable housing to be extremely or somewhat challenging.
Freddie Mac today released the results of its?Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 7.08 percent. ?As the housing market adjusts to rapidly tightening monetary policy, mortgage rates again surpassed seven percent,? said Sam Khater, Freddie Mac?s Chief Economist.
Brean Capital, LLC announced the hiring of Municipal Bond veterans Bill Mangan, Greg Swanson and John Paskalides as Managing Directors in the fixed income division. Prior to joining Brean, Bill Mangan was a Managing Director of Citi Global Markets, Institutional Sales, with over 30 years of experience.
Ken Xie, Founder, Chairman of the Board, and CEO at Fortinet?Fortinet (FTNT) has always had a belief that cybersecurity is a force for good and that making the internet a safe place for everyone is important.
Numerator, a data and technology company serving the market research space, has released its first Numerator Inflation Report, an advance projection of the U.S. Bureau of Labor Statistics? monthly Consumer Price Index.
Euronet Worldwide, Inc. (EEFT), a leading global financial technology solutions and payments provider, announced today a partnership with the Africa Electronic Trade Group to build a multi-channel, real-time cross-border payments gateway for the African continent.
Brownie?s Marine Group, Inc., a leading developer, manufacturer and distributor of tankless dive equipment, high-pressure air and industrial compressors and dive retailer in the marine industry, today announced results for the third fiscal quarter ending September 30st, 2022.
The third quarter of 2022 saw more consumers turning to unsecured personal loans and credit cards as a means to help stave off the financial pressures brought on by inflation. ?Consumers are being pressured on multiple fronts, first by this environment of high inflation, and secondarily by the higher interest rates that the Federal Reserve is implementing to tamp it down.
Freddie Mac today reported its third quarter 2022 financial results and filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission. The company will hold a call at 9 a.m. Eastern Time today, November 8, 2022, to share its results with the media. Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.
Freddie Mac announced today that it plans to report its third quarter 2022 financial results before the U.S. financial markets open on Tuesday, November 8, 2022. The company will hold a call at 9 a.m. Eastern Time on Tuesday, November 8, 2022, to share the company?s results with the media. All materials related to the call will be available on the Investor Relations page of the company?s website.
Federal Home Loan Bank of Atlanta today announced that up to $1.5 million in funding for its Community Rebuild and Restore Product is available now to help homeowners in Florida whose homes have been damaged by Hurricane Ian.
Mortgage and Financial services veteran Ravi Shankar has joined the company as senior vice president and head of Single-Family Portfolio and Servicing, Freddie Mac announced today. ?Ravi Shankar brings substantial experience to the company as a respected financial services leader, portfolio manager and Freddie Mac alum.
According to Waste Sense, provider of independent and cost-effective waste management services Melbourne-wide, embracing a circular economy in Australia involves transitioning the way materials are dealt with to effectively eliminate waste.
HighPeak Energy, Inc. (HPK) today announced the pricing of a private placement of $225 million principal amount of 10.625% senior unsecured notes due 2024.
Greystone, a leading national commercial real estate finance company, has provided an $11,750,000 Fannie Mae Delegated Underwriting & Servicing loan for the acquisition of a 92-unit multifamily property in Eugene, Oregon. Constructed in 1999, Somerset Villas in Lane County is garden-style apartment community with 15 buildings the feature two-bedroom townhouse-style units.
Freddie Mac today released the results of its Primary Mortgage Market Survey??, showing the 30-year fixed-rate mortgage averaged 6.95 percent. ?Mortgage rates continue to hover around seven percent, as the dynamics of a once-hot housing market have faded considerably,? said Sam Khater, Freddie Mac?s Chief Economist.
A?new white paper from Freddie Mac Multifamily introduces a different approach for identifying areas that could offer residents economic opportunity. ?The goal of our research is to build a deeper understanding of what makes an area high opportunity,? said Steve Guggenmos, vice president of Research & Modeling for Freddie Mac Multifamily.
First Fed Bank, subsidiary of First Northwest Bancorp (FNWB), has scheduled its Centennial Celebration for September 3, 2023. ?Our bank was founded in Port Angeles in 1923,? said Matt Deines, CEO of First Fed. "Our goal is to celebrate this major milestone with our team members, customers, and community,? said Derek Brown, Chief HR and Marketing Officer.
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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