? Reprice of existing $431.5 million Term Loan B; no change to maturity date? Reduction of Applicable Margin on Term Loan interest rate by 50 basis points to 3.25%? Secured overnight financing rate floor of 0.50% from LIBOR floor of 1.00% DENVER, Jan. 14, 2022 -- The Simply Good Foods Company (SMPL), a developer, marketer and seller of branded nutritional foods and snacking products, today annou...
Suzanne Shank,?President and CEO of Siebert Williams Shank & Co., LLC, issued the following statement today in support of Dr. Lisa D. Cook?s nomination to the Board of Governors of the Federal Reserve System:? ?I applaud President Biden?s nomination of Dr. Lisa D. Cook to serve on the Board of Governors of the Federal Reserve System.
Freddie Mac (FMCC) recently priced a new offering of Structured Pass-Through Certificates, which are backed by underlying collateral consisting of fixed-rate multifamily mortgages with predominantly 10-year terms. K-137 Pricing *The pricing benchmark used for these classes was the P-curve.**For more information on Freddie Mac's When-Issued K-Deal, WI-K137, click here.
Freddie Mac announces the pricing of the SB94 offering, a multifamily mortgage-backed securitization backed by small balance loans underwritten by Freddie Mac and issued by a third-party trust. SB94 Pricing *The pricing benchmark used for these classes was the P-curve.
Despite the surge in COVID cases and the complications it brings, the U.S. economy continues to thrive. Until the omicron surge subsides, the biggest economic risk will be the millions of workers who report sick and hamper already beleaguered supply chains.
Turin, 13th January 2022. Iveco Group N.V. announces that on 13th January, 2022 Fitch Ratings assigned Iveco Group N.V. a final Long-Term Issuer Default Rating of ?BBB-?. The outlook is stable. Iveco Group N.V. is an On-Highway global organisation tasked with safeguarding, supporting, and bolstering eight unique, yet unified brands.
Freddie Mac Multifamily purchased $70 billion in loans in 2021, hitting the FHFA volume cap. ?Freddie Mac Multifamily had an outstanding year, exceeding all our mission-driven benchmarks and providing liquidity throughout the multifamily markets in 2021,? said Richard Martinez, senior vice president for Production & Sales at Freddie Mac.
Freddie Mac (FMCC) today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 3.45 percent. ?Mortgage rates rose across all mortgage loan types, with the 30-year fixed-rate mortgage increasing by almost a quarter of a percent from last week,? said Sam Khater, Freddie Mac?s Chief Economist.
RIYADH, Saudi Arabia, Jan. 13, 2022 -- As part of far-reaching efforts to diversify its economy through its Vision 2030 strategy, with mining being identified as the third pillar of industrial growth, Saudi Arabia has set its sights on increasing the local mining industry?s contribution to the country?s gross domestic product by more than 300 percent, from $17bn to $64bn, by 2030.
The Freddie Mac Multifamily?Apartment Investment Market Index? remained positive in Q3 2021 driven by net operating income growth, bolstering the investment environment for multifamily properties.
SLR Investment Corp.?, today reported it has issued $135 million of 3.3% senior unsecured notes due January 2027 in a private placement. ?Through this $135 million issuance, together with the $50 million of senior unsecured notes issued in Q3 2021, we have lowered the Company?s long-term average unsecured financing rate.
Sonoco, one of the largest sustainable global packaging companies, today announced the successful pricing of its first green bonds to support the Company?s sustainability strategy.
Freddie Mac (FMCC) has priced a new offering of Structured Pass-Through Certificates, which includes a class of floating rate bonds indexed to the Secured Overnight Financing Rate. K-F128 Pricing Details Related Links The K-F128 Certificates will not be rated and will include one senior principal and interest class and one interest-only class that is also entitled to static prepayment premiums.
Greystone, a leading national commercial real estate finance company, has provided an $8,723,000 Fannie Mae Delegated Underwriting Service loan to refinance a 148-unit multifamily property in Terrytown, Louisiana. Constructed in 1974, Oak Alley Apartments is a gated, garden style apartment community in Jefferson Parish consisting of 148 one-, two-, and three-bedroom units.
Legion Capital Corporation (LGCP), a fintech-enabled private equity lender serving small to medium sized businesses and real estate developers, today announced the re-qualification of their Reg A+ offering to incorporate an increased maximum capital raise amount of $75 million.
Freddie Mac (FMCC) will soon begin marketing a class of Multifamily WI Certificates comprised of a substantial portion of the benchmark A-2 guaranteed bond class of Structured Pass-Through Certificates, Series K-140.
Tax-Exempt and Taxable Bonds Finance Significant Portion of Construction Costs for Permanent Supportive and Transitional Housing Units Greystone affiliate, America First Multifamily Investors, L.P. (ATAX), today announced that it has purchased $42 million in tax-exempt and taxable mortgage revenue bonds for the acquisition and adaptive reuse and permanent financing of a future 79-unit seniors and supp...
Freddie Mac?s annual multifamily outlook estimates that overall multifamily origination volume will continue to grow in 2022 to between $475 billion and $500 billion.
EbixCash Private Limited, a subsidiary of Ebix, Inc. (EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced the appointment of Ms. Uma Shankar, as a new independent director to the EbixCash Board. Uma is well versed in financial regulation, cyber security and data analytics.
Freddie Mac (FMCC) today published its first annual sustainability disclosure in accordance with standards issued by the Sustainability Accounting Standards Board. The SASB disclosure provides data on Freddie Mac?s business practices, including metrics and activities related to equitable lending, flood risk and diversity in hiring for the year ended December 31, 2020.
In late December 2021, the percentage of aspiring owners who expected to start their businesses within the next three months reached 62.1%, the highest percentage ever recorded.
Freddie Mac (FMCC) today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 3.22 percent. ?Mortgage rates increased during the first week of 2022 to the highest level since May 2020 and are more than half a percent higher than January 2021,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac (FMCC) today announced that its Single-Family credit risk transfer program expects issuance volume of at least $25 billion in 2022. ?Freddie Mac (FMCC) is responding to the capital requirements established by the Enterprise Regulatory Capital Framework with plans to optimize our CRT offerings in 2022.
Federal Home Loan Bank of Atlanta announced today that it has appointed three new members to its Affordable Housing Advisory Council. New Members: Sharon Bell is co-founder and principal of Dworbell, Inc., which provides management, advocacy, communications and public relations services to entities in affordable housing and housing finance.
London, January 5, 2022 CNH Industrial N.V. (CNHI) announces that on January 4, 2022 Fitch Ratings raised its Long-Term Issuer Default Rating on CNH Industrial N.V. (CNHI) to ?BBB+? from ?BBB-?. Fitch has also upgraded CNH Industrial Finance Europe S.A.?s senior unsecured rating to ?BBB+? from ?BBB-'. The Outlook is Stable.
Valley National Bancorp (VLY) announced today it has received regulatory approval from the Federal Reserve Bank of New York and the Office of the Comptroller of the Currency to complete the previously announced acquisition of Bank Leumi Le-Israel Corporation, the US subsidiary of Bank Leumi Le-Israel B.M., and parent company of Bank Leumi USA.
Freddie Mac (FMCC) today published on its website the National Association of Insurance Commissioners 2021 filing year designations for certain STACR Debt, STACR Trust, and STACR REMIC Trust notes.
Freddie Mac Multifamily today announced that Steve Lineberger and Meg McElgunn have been named vice presidents of Production & Sales. ?Steve and Meg are both exceptionally strong leaders who bring unique talents and extensive experience in the multifamily business,? said Richard Martinez, senior vice president of Multifamily Production & Sales at Freddie Mac.
Greystone, a leading national commercial real estate finance company, has provided $13.4 million in total Fannie Mae Delegated Underwriting Services loans to refinance two multifamily properties in Baton Rouge, Louisiana. An $8,100,000 Fannie Mae loan was provided for Bienville Towers, covering 160 units of the 200-unit fractured condominium property located at 2100 College Drive.
Greystone, a leading national commercial real estate finance company, has provided a $17,592,000 Freddie Mac Optigo? Targeted Affordable Housing loan to acquire a 168-unit affordable housing property in Fort Walton Beach, Florida. The $17,592,000 Freddie Mac loan carries a 10-year term and 30-year amortization at a variable interest rate, with interest-only payments for the first five years.
Freddie Mac (FMCC) today announced its Single-Family Green Bond Framework under its Single-Family Green Bond Program, supporting the company?s commitment to promote environmentally sustainable single-family housing to help reduce climate-related risks and increase affordability.
The Federal Home Loan Bank of San Francisco announced December 31, 2021, that the 11th District Monthly Weighted Average Cost of Funds Index for November 2021 is 0.218%. The index for October 2021 was 0.225%. As previously announced, the Bank will no longer calculate the COFI after the publication of the December 2021 index on January 31, 2022, because of the significant decline in the number o...
Freddie Mac (FMCC) today released a white paper examining the availability of affordable housing for renters in High Opportunity Areas, which provide residents with access to quality education, employment, health care and transportation.
Freddie Mac (FMCC) today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 3.11 percent. ?Mortgage rates have effectively been moving sideways despite the increase in new COVID cases.
Eyeing the augmentation of Foreign Direct Investments flows worldwide, The Annual Investment Meeting ? an initiative by the UAE's Ministry of Economy ? expressed its keenness on continuing to create numerous investment opportunities and innovative economic and business strategies, whilst fully supporting the ensuing macro recovery and subsequent changes to the global economy.
Freddie Mac (FMCC) today released a pair of white papers as part of Freddie Mac?s Duty to Serve plan, which is aimed at increasing liquidity to historically underserved markets throughout the nation.
Freddie Mac (FMCC) today posted to its website its Monthly Volume Summary for November 2021, which provides information on Freddie Mac?s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities, and other investments. Freddie Mac (FMCC) makes home possible for millions of families and individuals by providing mortgage capital to lenders.
Freddie Mac (FMCC) today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 3.05 percent. ?The market volatility resulting from the COVID-19 Omicron variant is causing mortgage rates to decrease,? said Sam Khater, Freddie Mac?s Chief Economist.
Key Highlights ??. Existing-home sales rose in November, denoting three consecutive months of increases, according to the National Association of Realtors?. Three of the four major U.S. regions reported growth in monthly sales, while the fourth region held steady in November.
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 November was $7.9 billion, up 8 percent year-over-year from new business volume in November 2020.
Greystone, a leading national commercial real estate finance company, has provided $49 million in Freddie Mac financing for a multifamily property in Los Angeles, CA. The financing was originated by Tony Spaeth and Trip Going of Greystone.
Arbor Realty Trust,?Inc. announced today that its subsidiary, Arbor Realty SR, Inc., has closed, on December 17, 2021, the private placement of $180 million aggregate principal amount of 5.00%?senior unsecured notes due?December 30, 2028. ARSR intends to use the net proceeds from the offering to make investments relating to its business and for general corporate purposes.
Webster Financial Corporation (WBS) and Sterling Bancorp (STL) jointly announced today that Webster has received regulatory approval from the Board of Governors of the Federal Reserve System to complete the previously announced merger between the two companies.
Today, Heartland Forward released a new research report, Economic Savings in America: A Story of Public-Private Partnership in Rapid COVID-19 Vaccine Development and Deployment, estimating that the U.S. economy recovered more quickly in the amount of $438 billion in terms of 2021 real GDP, or 2.3% of real gross domestic product than it would have without a vaccine.
Freddie Mac recently priced a new offering of Multifamily WI K-Deal Certificates, which are initially backed by cash assets that will be used to purchase the A-M class of a to-be-issued reference K-Deal. WI-K139 Pricing Details Related Links WI Certificates are funded investments, which settle shortly after the offering period.
Freddie Mac (FMCC) recently priced a new offering of Multifamily WI K-Deal Certificates, which are initially backed by cash assets that will be used to purchase the A-M class of a to-be-issued reference K-Deal. WI-K138 Pricing Details Related Links WI Certificates are funded investments, which settle shortly after the offering period.
Freddie Mac (FMCC) recently priced a new offering of Structured Pass-Through Certificates, which are backed by underlying collateral consisting of fixed-rate multifamily mortgages with predominantly 10-year terms. K-136 Pricing *For more information on Freddie Mac's When-Issued K-Deal, WI-K136, click here.
Freddie Mac (FMCC) announces the pricing of the SB93 offering, a multifamily mortgage-backed securitization backed by small balance loans underwritten by Freddie Mac (FMCC) and issued by a third-party trust. SB93 Pricing Details: Freddie Mac (FMCC) is guaranteeing three senior principal and interest classes and one interest only class of securities issued by the FRESB 2021-SB93 Mortgage Trust.
Freddie Mac (FMCC) today released the results of its Primary Mortgage Market Survey??, showing that the 30-year fixed-rate mortgage averaged 3.12 percent. ?Mortgage rates inched up as a result of economic improvement and a shift in monetary policy guidance,? said Sam Khater, Freddie Mac?s Chief Economist.
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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