HMG Strategy, the World?s #1 digital platform for enabling technology executives to reimagine the enterprise and reshape the business world, is excited to be hosting its 2023 Florida CIO Executive Leadership Summit at the Margaritaville Resort Orlando on May 11.
Freddie Mac today released the results of its Primary Mortgage Market Survey, showing the 30-year fixed-rate mortgage averaged 6.32 percent. ?Economic uncertainty continues to bring mortgage rates down,? said Sam Khater, Freddie Mac?s Chief Economist.
Wolters Kluwer receives Moody?s rating upgrade to A3 Alphen aan den Rijn ? March 30, 2023 ? Moody's Investors Service has upgraded Wolters Kluwer N.V.'s (WOLTF) senior unsecured ratings to A3 from Baa1. According to Moody?s, the upgrade reflects Wolters Kluwer?s ?strong operating performance and credit metrics, as well as its improved business profile and resiliency to economic cycles.
Freddie Mac today posted to its website its Monthly Volume Summary for February 2023, 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.
Provident Bank, a leading New Jersey-based financial institution, today released results from its 2023 Consumer Spending Survey, which polled 1,000 adults living in the U.S. to determine how consumers are adjusting their personal spending, saving and travel habits.
TELUS (TU) announced today it has priced $500 million of senior unsecured notes with a 10-year maturity. The 4.95% Sustainability-Linked notes, Series CAJ, were priced at $99.828 per $100 principal amount for an effective yield of 4.972% per annum until maturity, subject to a possible interest rate step-up, and will mature on March 28, 2033.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.42 percent. ?Mortgage rates continued to slide down as financial market concerns came to the fore over the last two weeks,? said Sam Khater, Freddie Mac?s Chief Economist.
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 February was $7.9 billion, up 11 percent year-over-year from new business volume in February 2022.
BioPower Operations Corporation (BOPO) today announced the launch of its structured finance division and its ESG project consultancy division. 1) Structured Finance/Bond Market: Capital supplied by the U.S. bond market, with deal sizes typically in the range of $100 million to over $1 billion.
Alpha Transform Holdings subsidiary Alpha Sigma Capital Research, a leading blockchain research firm, today released a research report on OriginTrail,?a new ecosystem dedicated to making the global economy work sustainably by organizing humanity's most important knowledge assets.
Key Highlights WASHINGTON ? Existing-home sales reversed a 12-month slide in February, registering the largest monthly percentage increase since July 2020, according to the National Association of Realtors?. Month-over-month sales rose in all four major U.S. regions.
????????????????????????????????. Leuven, BELGIUM, Boston, MA, US ? March 20, 2023 ? 11:30 pm CET ? Oxurion NV a biopharmaceutical company developing next generation standard of care ophthalmic therapies, with clinical stage assets in vascular retinal disorders, has announced the completion of Tranche 1 of funding under the Subscription agreement with Atlas Special Opportunities LLC.
Arbor Realty Trust,?Inc. announced today that its subsidiary, Arbor Realty SR, Inc., has closed the private placement of $95 million aggregate principal amount of 7.75%?senior unsecured notes due?March 30, 2026.
PHH Mortgage, a subsidiary of Ocwen Financial Corporation (OCN) and a leading non-bank mortgage servicer and originator, today announced the Company achieved Fannie Mae?s 2022 Servicer Total Achievement and RewardsTM Performer recognition.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.60 percent. ?Mortgage rates are down following an increase of more than half a percent over five consecutive weeks,? said Sam Khater, Freddie Mac?s Chief Economist.
Freshpet, Inc. (FRPT) today announced the pricing of its offering of $350,000,000 aggregate principal amount of 3.00% convertible senior notes due 2028 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
via NewMediaWire ? Can B Corp.,?a?health and wellness company specializing in developing, producing, and selling hemp-derived cannabinoid products and durable medical devices, is pleased to announce it has successfully completed a corporate debt restructuring.
The Open Society Foundations today announced that they are giving $1.7 million to a United Nations initiative in the Middle East and North Africa region that seeks to catalyze increased public spending on achieving the UN?s Sustainable Development Goals by negotiating reduced national debt service payments.
Freshpet, Inc. (FRPT) today announced its intention to offer, subject to market and other conditions, $350,000,000 aggregate principal amount of convertible senior notes due 2028 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
The Freddie Mac Multifamily Apartment Investment Market Index? fell by 7.6% in the fourth quarter of 2022, with the index down 25.8% year over year. ?The extraordinary increase in mortgage rates drove the decline in AIMI as 2022 concluded,? said Steve Guggenmos, vice president of Research & Modeling at Freddie Mac Multifamily. Over the quarter, AIMI decreased in the nation and in all 25 markets.
Greystone, a leading national commercial real estate finance company, announced it has ranked as the #1 overall Agency Small Loans lender by volume for 2022.
CUSIP Global Services today announced the release of its CUSIP Issuance Trends Report for February 2023. North American corporate requests totaled 6,348 in February, which is up 6.1% on a monthly basis. Municipal request volume decreased on both a monthly and annualized basis.
Numerator Projections Indicate a Likely Modest Increase in the Rate of Inflation for Food at Home and Alcoholic Beverages at Home in the Upcoming Consumer Price Index Report Numerator projects the Consumer Price Index for food at home and for alcoholic beverages at home both increased 0.5% month-over-month in February.
Marathon Digital Holdings, Inc. (MARA), a leader in supporting and securing the Bitcoin ecosystem, today announced that based on the information made publicly available on Sunday, March 12, 2023 by the Treasury, Federal Reserve, and Federal Deposit Insurance Corporation, the Company?s deposits that were held at Signature Bank, New York, NY are secure and available for use as of Monday, March 13, 2023.
Enact Holdings, Inc. (ACT), a leading provider of private mortgage insurance through its insurance subsidiaries, today announced that it has received confirmation from Fannie Mae and Freddie Mac that the GSE Conditions first imposed after the issuance of Enact?s August 2020 senior notes have been satisfied and the accompanying restrictions have been lifted, effective March 1, 2023.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.73 percent. ?Mortgage rates continue their upward trajectory as the Federal Reserve signals a more aggressive stance on monetary policy,? said Sam Khater, Freddie Mac?s Chief Economist.
Greystone, a leading national commercial real estate finance company, has provided a $20,301,000 Fannie Mae Delegated Underwriting & Servicing Green Rewards loan to refinance an 87-unit multifamily property in North Ogden, Utah. Constructed in 2020, Patriot Pointe Apartments in Weber County is a townhome community with one-, two- and two-bedroom units.
Magna International Inc. (MGA) today announced that it has entered into underwriting agreements in respect of the offering of two series of U.S. dollar denominated senior notes?and one series of Euro denominated senior notes, as follows: Magna intends to use the net proceeds from the offering of U.S. dollar senior notes to finance a portion of the cost of its proposed acquisition of the Veoneer Acti...
? S&P Global Upgrades Vallourec?s Long Term Issuer Credit Rating to 'BB-' with Positive Outlook Meudon, 6 March 2023 ? S&P Global has upgraded Vallourec?s long-term issuer credit rating to 'BB-' from ?B+? with a positive outlook. S&P Global affirmed the 'BB-' issue rating on its senior unsecured notes as well as the 'B' rating on its commercial paper program.
Poptential?, an award-winning family of free social studies course packages, offers instructors a variety of content to help students learn about the national debt using pop culture media to engage students. On January 19, 2023, the United States hit the national debt ceiling, the limit on how much national debt Congress allows the treasury to incur.
Zerify Inc. (ZRFY), the 22-year-old cybersecurity company focused on secure video conferencing & digital communications, announced today that last Thursdays Federal Reserve Zoombombing attack was preventable and to prove it?s point, Zerify (ZRFY) is offering a three month free trial of its Zerify Meet, the industry?s most secure video conferencing platform, with no strings attached.
Black Hills Corp. (BKH) today announced the pricing of a registered public debt offering of $350 million aggregate principal amount of 5.95% senior unsecured notes due March 15, 2028. Black Hills intends to use the net proceeds from this financing to repay notes outstanding under its commercial paper program and for other general corporate purposes.
Freddie Mac today released the results of its?Primary Mortgage Market Survey??, showing the 30-year fixed-rate mortgage averaged 6.65 percent. ?As we started the year, the 30-year fixed-rate mortgage decreased with expectations of lower economic growth, inflation and a loosening of monetary policy.
Enact Holdings, Inc. (ACT), a leading provider of private mortgage insurance through its insurance subsidiaries, today announced that Moody?s Investor Service upgraded the insurance financial strength rating for our flagship insurance subsidiary, Enact Mortgage Insurance Corporation, to A3 from Baa1.
TPI Composites, Inc. (TPIC) announced today the pricing of its offering of $115.0 million aggregate principal amount of 5.25% convertible senior notes due 2028 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.
Sonu Mittal will join Freddie Mac as senior vice president and head of the Single-Family Acquisitions division, the company announced today. Mittal will join Freddie Mac from Citizens, where he has served in several executive roles, including President of Home Mortgage, executive vice president of Home Lending and Head of Retail Mortgage, as well as other areas.
Encore Capital Group, Inc. (ECPG) today announced its intention to offer, subject to market and other conditions, $175.0 million aggregate principal amount of convertible senior notes due 2029 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.
Freddie Mac today posted to its website its Monthly Volume Summary for January 2023, 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.
TPI Composites, Inc. (TPIC) announced today that it has commenced a private offering of $100.0 million aggregate principal amount of convertible senior notes due 2028 to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
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 January was $8.8 billion, up 6 percent year-over-year from new business volume in January 2022.
Federal Home Loan Bank of Atlanta today released preliminary unaudited financial highlights for the quarter and year ended December?31, 2022. Net income for the fourth quarter of 2022 was $74 million, an increase of $67 million, compared to net income of $7 million for the fourth quarter of 2021.
Today the Board of Directors of the Federal Home Loan Bank of Indianapolis declared its fourth quarter 2022 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 6.00% and 2.00%, respectively. The dividends will be paid in cash on February?24, 2023.
Freddie Mac today released the results of its?Primary Mortgage Market Survey??, showing the 30-year fixed-rate mortgage averaged 6.50 percent. ?The economy continues to show strength, and interest rates are repricing to account for the stronger than expected growth, tight labor market and the threat of sticky inflation,? said Sam Khater, Freddie Mac?s Chief Economist.
Aquila Investment Management LLC, Investment Adviser and Administrator to Aquila Group of Funds, has announced that Tim Iltz and Vasilios Gerasopoulos will join the company as portfolio managers and employees. Effective March 6, 2023, Davidson Fixed Income Management, Inc. will no longer serve as Sub-Adviser, and Aquila Investment Management LLC will remain as each Funds? Investment Adviser.
The Federal Home Loan Bank of San Francisco today announced annual and fourth quarter 2022 operating results. The $36 million increase in net income relative to the prior year was primarily attributable to an increase in net interest income of $45 million and a change in other income/ of $19 million, partially offset by an increase of $21 million in the Bank?s provision for credit losses.
Freddie Mac today reported its fourth quarter and full-year 2022 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 22, 2023, to share its results with the media. Freddie Mac?s mission is to make home possible for families across the nation.
Federal Home Loan Bank of Atlanta announced today that funding for its 2023 Affordable Housing Program Homeownership Set-aside Program is now available. Eligible homebuyers may receive up to $15,000 through the Community Partners product, up to $12,500 through the First-time Homebuyer product, or up to $10,000 through the Community Rebuild and Restore product.
Federal Home Loan Bank of San Francisco gathered public officials, housing experts, and financial institutions for its third Homeownership Solutions Summit in Reno, Nevada, on January 24 to address the state?s severe and longstanding affordable housing crisis.
Federal Home Loan Bank of Atlanta announced today that it has awarded $1 million in funding to multiple organizations through its Heirs? Property Prevention and Resolution Grant Initiative. Organizations that submitted pilot programs during the Funders? Forum were eligible to apply for up to $100,000 each to help address issues related to heirs? property.
Freddie Mac announced today that it plans to report its fourth quarter and full-year 2022 financial results before the U.S. financial markets open on Wednesday, February 22, 2023. The company will hold a call at 9 a.m. Eastern Time on Wednesday, February 22, 2023, to share the company?s results with the media. Freddie Mac?s mission is to make home possible for families across the nation.
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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