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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 $900 billion equipment finance sector, showed their overall new business volume for May was $9.4 billion, up 16 percent year-over-year from new business volume in May 2021.
On Wednesday, June 29, 2022, Toronto Centre will host a virtual executive panel to examine the likelihood of a global recession and how central bankers, financial supervisors and regulators, and policymakers can mitigate the impacts. PANELISTS Carmen Reinhart - Senior Vice President and World Bank Group Chief Economist, Development Economics.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 5.81 percent. ?Fixed mortgage rates have increased by more than two full percentage points since the beginning of the year,? said Sam Khater, Freddie Mac?s Chief Economist.
Ormat Technologies, Inc. (ORA) announced today that it priced an upsized private offering of $375.0 million aggregate principal amount of 2.50% Green Convertible Senior Notes due 2027. The Notes will be unsecured senior obligations of the Company.
Targa Resources Corp. (TRGP), announced today the pricing of an underwritten public offering of $750 million aggregate principal amount of its 5.200% senior notes due 2027 and $500 million aggregate principal amount of its 6.250% senior notes due 2052 at a price to the public of 99.849% and 99.773% of their face value, respectively.
Ormat Technologies, Inc. (ORA) announced today its intention to offer $350 million aggregate principal amount of Green Convertible Senior Notes due 2027 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, subject to market conditions and other factors.
The Freddie Mac Multifamily?Apartment Investment Market Index?? fell by 5.3% in the first quarter of 2022, with the index down 6.1% compared to the first quarter of 2021.
Mortgage rates surged to over five percent in May and home prices continued their upward climb across the Empire State,?according to the housing report released today by the New York State Association of REALTORS?.? According to Freddie Mac, the monthly average on a 30-year fixed-rate mortgage soared from 4.98 percent in April 2022 to 5.23 percent in May 2022.
Key Highlights ?. Existing-home sales retreated for the fourth consecutive month in May, according to the National Association of Realtors?. Month-over-month sales declined in three out of four major U.S. regions, while year-over-year sales slipped in all four regions.
Recently, Federal Reserve Vice Chairman Lael Brainard said in hearing testimony presented to the House Finance Committee that "a U.S. central bank digital currency may eventually coexist with stablecoins and commercial bank currencies in a complementary way."
Freddie Mac today announced the final tender results of its previously announced ?fixed-price cash tender offer for the purchase of any and all of the STACR?? notes listed below. The Company has conducted the Offer in accordance with the conditions set forth in the Offer to Purchase dated June 7, 2022 and related Notice of Guaranteed Delivery dated June 7, 2022.
Freddie Mac today released the results of its Primary Mortgage Market Survey, showing that the 30-year fixed-rate mortgage averaged 5.78 percent. ?Mortgage rates surged as the 30-year fixed-rate mortgage moved up more than half a percentage point, marking the largest one-week increase in our survey since 1987,? said Sam Khater, Freddie Mac?s Chief Economist.
Greystone, a leading national commercial real estate finance company, has provided a $21,464,000 Fannie Mae Delegated Underwriting and Servicing loan to refinance a 144-unit multifamily community in Herndon, Virginia. Developed in 1964 and rehabbed in 1989, Parkridge Gardens Apartments comprises 78 one-bedroom, 54 two-bedroom, and 12 three-bedroom townhome units on 6.80 acres.
Freddie Mac today announced the preliminary tender results of its previously announced fixed-price cash tender offer for the purchase of any and all of the STACR?? notes listed below. The Company has conducted the Offer in accordance with the conditions set forth in the Offer to Purchase dated June 7, 2022 and related Notice of Guaranteed Delivery dated June 7, 2022.
Highlights: TORRANCE, Calif., June 10, 2022 -- Virco Mfg. Net sales were $32.1 million for the first quarter of fiscal 2023, a 13% increase from $28.4 million for the same period of the prior fiscal year. Net loss was, or per diluted share for the first quarter of fiscal 2023, an increase of 30% from, or per diluted share, for the same period of the prior fiscal year.
First Fed Bank, subsidiary of First Northwest Bancorp (FNWB), today announced that Cindy Hill-Finnie has been promoted from Vice Chair to Board Chair. ?Cindy is a respected leader with extensive experience in financial management, sales, business development, and community service.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 5.23 percent. ?After little movement the last few weeks, mortgage rates rose again on the back of increased economic activity and incoming inflation data,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today announced the company?s first Equitable Housing Finance Plan designed to promote equity and increase sustainable homeownership and rental opportunities for traditionally underserved Black and Latino communities across the nation.
Greystone, a leading national commercial real estate finance company, announced Rich Martinez will join the firm as an Executive Managing Director, Multifamily Sales & Production in mid-June. Prior to joining Greystone, Mr. Martinez served as Senior Vice President of Production & Sales at Freddie Mac, where he worked for over 34 years in various roles.
The Federal Home Loan Bank of San Francisco is making $11.1 million available to fund its WISH homeownership matching grant program. To expand access to quality affordable and sustainable housing, WISH offers downpayment and closing cost assistance to help families overcome the most significant barriers to homeownership and build wealth.
First Fed Bank, subsidiary of First Northwest Bancorp (FNWB), has been recognized as a Top 100 Best Workplace in Washington by Puget Sound Business Journal. ?First Fed is dedicated to creating well-being and prosperity for our employees, customers and communities.
Following the previous announcement of the launch of a senior notes offering, AMD announced today that it has priced an underwritten public offering of $1 billion aggregate principal amount of senior notes, consisting of $500 million aggregate principal amount of its 3.924% Senior Notes due 2032 and $500 million aggregate principal amount of its 4.393% Senior Notes due 2052.
Colorado State University Global today released an in-depth economic report, highlighting the positive impact the university has on the economy and students in both Colorado and the United States as a whole. CSU Global designs its programs to ensure success beyond the classroom and provide lifelong earning potential, delivering real value for students? tuition dollars.
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 below beginning Tuesday, June 7, 2022. Freddie Mac has engaged BofA Securities, Inc. and Citigroup Global Markets Inc. as lead dealer managers and CastleOak Securities, L.P. as co-dealer manager for the offer.
AMD announced today that it intends to offer, subject to market and other conditions, senior notes in an underwritten public offering. Barclays Capital Inc., BofA Securities, Inc., Credit Suisse Securities LLC, J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC are acting as joint book-running managers and underwriters for the Offering.
Today, Geode Finance, a novel white label liquid staking solution for DAOs, announced a $3M investment in a seed funding round led by Multicoin Capital, a leading digital asset investment firm headquartered in Austin, Texas. ?Geode is building trustless white-label staking pools and derivatives products that provide granular control over delegation mechanics within proof-of-stake networks.
?We Need Robots, Not Rate Hikes! Artificial Intelligence Technology Solutions, Inc. (AITX), today announced that its CEO, Steve Reinharz has published an online article that discusses the need for automation and robotics as an alternative to the increases in interest rates by the Federal Reserve. ?We Need Robots, Not Rate Hikes!? is online now.
HP Inc. (HPQ) today announced the pricing of its underwritten public offering of $2.0 billion aggregate principal amount of senior unsecured notes, consisting of $900 million aggregate principal amount of its 4.750% notes due 2028 at a public offering price of 99.841% of the principal amount, and $1.1 billion aggregate principal amount of its 5.500% notes due 2033 at a public offering price of 99.725...
Core Specialty Insurance Holdings, Inc. and its subsidiaries today announced the successful completion of its $65 million multi-year Yosemite Re 144A catastrophe bond. The successful $65 million Yosemite Re placement is the final element of Core Specialty?s Property reinsurance program for 2022.
FORT PIERCE, Fla. To alleviate the hunger, the Treasure Coast Food Bank is activating its Summer Meals program next week to give kids in Indian River, Martin, St. Lucie and Okeechobee Counties FREE breakfasts, lunches, and snacks while schools are closed. ?We see it as our duty to bridge this gap and do our part to fight hunger,? said Judith Cruz, President, and CEO of Treasure Coast Food Bank.
LKQ Corporation (LKQ), a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles, announced that Moody's Investors Service assigned a Baa3 Issuer Rating to LKQ Corporation (LKQ), upgraded the rating on LKQ European Holdings B.V.'s senior unsecured notes to Baa3, and upgraded the rating on LKQ Italia Bondco S.p.A.'s senior unsecured notes to Baa3.
Greystone, a leading national commercial real estate finance company, has provided a total of $74,300,000 in Fannie Mae Delegated Underwriting Servicing loans to refinance a 574-unit multifamily portfolio of affordable housing in Newark, NJ. The transaction was originated by Hope Curtis, Director at Greystone.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 5.09 percent. ?Mortgage rates continued to inch downward this week but are still significantly higher than last year, affecting affordability and purchase demand,? said Sam Khater, Freddie Mac?s Chief Economist.
Federal Home Loan Bank of Atlanta announced today that it is now accepting applications for its 2022 Affordable Housing Program General Fund round. FHLBank Atlanta members work with for-profit and nonprofit developers to apply for funding through the program.
While measures of?consumer?sentiment have been declining recently, optimism about starting a business remains solid. The most recent?Startup Sentiment Index? survey was conducted May 19-26, 2022. Additional highlights: "Entrepreneurs are some of the most optimistic people on earth," says Hunter Stokes, president of FranchiseVentures.
OTC Markets Group Inc. (OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced Foresight Financial Group Inc. (FGFH), a financial holding company established under the Federal Reserve, has qualified to trade on the OTCQX? Best Market. Foresight Financial Group Inc. (FGFH) begins trading today on OTCQX under the symbol ?FGFH.
Freddie Mac Multifamily today announced that it has named two new vice presidents that will better help the company serve its mission and manage its risks.
77% of checkpoint inhibitor refractory patients alive at median follow up of 12 months 75% of CPI na?ve patients alive at median follow up of 17 months Anti-tumor objective responses seen in 88% of CPI na?ve patients and 63% CPI refractory patients Study shows early evidence of durable clinical responses Company to host conference call and webcast on June 7, 2022 at 8:00 AM EDT FLORHAM PARK, ...
Freddie Mac??has unveiled new automated underwriting capabilities that allow lenders to verify assets, income and employment using borrower-approved bank account data. ?This industry-first innovation supports our mission of making sustainable homeownership more affordable and accessible,? said Andy Higginbotham, Freddie Mac Single-Family Chief Operating 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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