Freddie Mac Multifamily today announced a new CUSIP registration capability to better align its ML-Deal offerings for both commercial mortgage-backed securities and municipal bond investors, increasing liquidity across both markets and advancing Freddie Mac?s mission.
Economy Remains on Strong Footing, though Core Inflation Remains Sticky WASHINGTON, Nov. 21, 2024 Existing home sales are now expected to rise only 4 percent next year from a 2024 pace that is on track for a nearly 30-year low, according to the November 2024 commentary from the Fannie Mae?Economic and Strategic Research Group.
Funds to Assist Preservation of Affordable Housing and Community Education. Representatives from the Federal Home Loan Bank of Dallas and Centinel Bank of Taos awarded $30,000 in Partnership Grant Program funding to the Taos Housing Partnership to promote economic development in Taos, New Mexico. This press release features multimedia.
Funds Will Assist Residents and Areas Impacted by Natural Disaster in Chaves County The Federal Home Loan Bank of Dallas has provided a $250,000 charitable donation to Community Foundation of Southern New Mexico to assist with recovery from flooding in Roswell, New Mexico.
WASHINGTON, Nov. 19, 2024 Fannie Mae today announced its?2025 Benchmark Securities? Issuance Calendar. The 2025 Benchmark Securities Calendar identifies at least one calendar day per month for a Fannie Mae Benchmark Notes? announcement. On a weekly basis, Fannie Mae also has the option to auction Benchmark Bills? with maturities of one year or less.
Schwab Asset Management?, the asset management arm of The Charles Schwab Corporation (SCHW), announced the Schwab Mortgage-Backed Securities ETF (SMBS) began trading today. With an expense ratio of 0.03%, the Schwab Mortgage-Backed Securities ETF (SMBS) is priced in line with the lowest-priced peer ETFs based on the U.S. Mortgage Lipper category1.
More than 700 small businesses receive support through grants and discounted lending programs in 2024. In recognition of Small Business Saturday on November 30, the Federal Home Loan Bank of Chicago today announced it has invested over $27 million through its Community First? Accelerate Grants for Small Business and its Community Small Business Advance throughout 2024.
Grants Will Be Used to Educate Homeowners and Transform Damaged Properties. Representatives from the Federal Home Loan Bank of Dallas joined Veritex Community Bank to award $12,500 in Partnership Grant Program funding to Credit Coalition and $21,000 to the Houston Land Bank Fund to help promote economic development in Houston, Texas. This press release features multimedia.
Federal Home Loan Mortgage Corp (FMCC) : * FREDDIE MAC MULTIFAMILY LOAN PURCHASE CAP FOR 2025 IS $73 BILLION Source text: Further company coverage: ;))
Freddie Mac Multifamily?s loan purchase cap for 2025 will be $73 billion. ?Freddie Mac will continue to adapt to market conditions and meet our mission to provide liquidity, stability and affordability throughout all market cycles,? said Kevin Palmer, head of Multifamily for Freddie Mac. FHFA defines its mission-driven requirements in Appendix A of its Scorecard.
Greystone, a leading national commercial real estate finance company, has provided a $32,000,000 Commercial Mortgage Backed Security loan to refinance a 90-unit affordable housing property in Brooklyn, New York. Constructed in 2023 and located in the Clinton Hill neighborhood of Brooklyn, 58 Vanderbilt Avenue is a high-rise apartment building featuring studio-, one- and two-bedroom units.
Bank of the Pacific is proud to announce its continued commitment to our communities by partnering with the Federal Home Loan Bank of Des Moines to award eight non-profit associations in Washington state grants through the FHLB Member Impact Fund.
The Florida Bankers Association and Federal Home Loan Bank of Atlanta are hosting an inaugural Affordable Housing Summit in Miami today, bringing bank, business, and civic leaders together to discuss affordable housing solutions in the state. ?Affordable housing is essential for Florida?s continued economic vitality,? said Kathy Kraninger, President & CEO of the FBA.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.78 percent. ?After a six-week climb, rates have leveled off, but overall affordability continues to be an issue for potential homebuyers,? said Sam Khater, Freddie Mac?s Chief Economist.
Dwight Mortgage Trust is pleased to announce the successful completion of the largest multifamily mortgage loan securitization through Freddie Mac?s Q-Series program in the last two years.
KBRA releases research analyzing multifamily distress across CMBS conduits and Freddie Mac securitizations. The fixed rate conduit and FM K-series product are generally stabilized properties and do not face interest rate pressures during their term. Key Observations Click here to view the report.
KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2024-K758 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-758. The underlying transaction is collateralized by 26 fixed-rate multifamily mortgage loans.
64% of Families Used Scholarships to Cover Education Costs in AY 2023-2024 But Misconceptions about Eligibility and Availability Persist November is National Scholarship Month, an ideal time for students and families to explore scholarship opportunities. This press release features multimedia.
Federal National Mortgage Association (FNMA) : * FANNIE MAE APPOINTS FORMER HOMEBUILDING INDUSTRY EXECUTIVE SCOTT D. STOWELL TO ITS BOARD OF DIRECTORS Source text: Further company coverage:
NEW YORK, Nov. 7, 2024 Bramshill Investments is excited to announce industry recognition of our Securitized Products team and the Bramshill Multi-Strategy Income Fund. "We are highly honored that HFM has recognized all of our hard work with this industry wide 40 Act award. Please find With Intelligence's "HFM US Performance Awards 2024" winners here.
WASHINGTON, Nov. 7, 2024 Fannie Mae?today announced Scott D. Stowell has been appointed to its Board of Directors. "We are pleased to welcome Scott to Fannie Mae's Board of Directors," said Michael J. Heid, Chair of the Board.
WASHINGTON, Nov. 7, 2024 Fannie Mae today announced that it has approved the Mortgage Partnership Finance? Program, administered by the Federal Home Loan Bank of Chicago on behalf of six Federal Home Loan Banks, to sell loans made to Native Americans and secured by tribal trust lands under the company's Native American Conventional Lending Initiative program.
Freddie Mac and the Federal Home Loan Bank of Des Moines today announced a collaboration to help increase affordable housing finance options on tribal lands. "Freddie Mac and FHLB Des Moines can be impactful partners in attracting capital to support Native American homeownership," said Sonu Mittal, SVP and head of Single-Family Acquisitions at Freddie Mac.
U.S. mortgage rates increased to a four-month high this week and could rise further amid fears that President-elect Donald Trump's proposed economic policies could stoke inflation. The average rate on the popular 30-year fixed-rate mortgage climbed to 6.79%, the highest level since July, from 6.72% last week, mortgage finance agency Freddie Mac said on Thursday.
U.S. mortgage rates increased to a four-month high this week and could rise further amid fears that President-elect Donald Trump's proposed economic policies could stoke inflation. The average rate on the popular 30-year fixed-rate mortgage increased to 6.79%, the highest level since July 2024, from 6.72% last week, mortgage finance agency Freddie Mac said on Thursday.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.79 percent. ?Mortgage rates continued to inch up this week, reaching 6.79 percent,? said Sam Khater, Freddie Mac?s Chief Economist.
HPSI Up Significantly from All-Time Low Recorded Two Years Ago WASHINGTON, Nov. 7, 2024 The Fannie Mae Home Purchase Sentiment Index? increased 0.7 points in October to 74.6, pushing the measure of consumer confidence to its highest level since February 2022 and significantly higher than the all-time low recorded two years ago.
Schwab Asset Management?, the asset management arm of The Charles Schwab Corporation (SCHW), today announced the launch of the Schwab Mortgage-Backed Securities ETF. With an expense ratio of 0.03%, the Schwab Mortgage-Backed Securities ETF is priced in line with the lowest-priced peer ETFs based on the U.S. Mortgage Lipper category1.
Federal National Mortgage Association (FNMA) : * FANNIE MAE ANNOUNCES THE RESULTS OF ITS THIRTY-THIRD REPERFORMING LOAN SALE TRANSACTION Source text: Further company coverage:
Freddie Mac Chief Executive Officer Diana Reid and SEC Commissioner Hester M. Peirce to join as special guests NEW YORK, Nov. 4, 2024 /PRNewswire/ -- The?CRE Finance Council, the trade association that exclusively represents the nearly $6 trillion commercial and multifamily real estate finance industry, will host its Annual D.C. Symposium on November 13, 2024.
The Bridging the Dream Scholarship for High School Seniors Provides $10,000 to Students from Under-resourced and Underrepresented Communities In celebration of National Scholarship Month, Sallie Mae today announced the newest recipients of its Bridging the Dream Scholarship.
New Windows and Doors Offer Increased Security. Retired Army E-4 Specialist Danielle Costly is feeling safe and secure in her home with the help of a $20,000 Housing Assistance for Veterans grant from the Federal Home Loan Bank of Dallas, through its member Gulf Coast Bank & Trust. This press release features multimedia.
COLLEGE PARK, Md., Oct. 31, 2024 The Smith Enterprise Risk Consortium? at the University of Maryland's Robert H. Smith School of Business announces the rollout of a pair of mortgage credit risk indexes to guide lenders, servicers, credit investors, regulators and other market participants and inform their view of changes in credit risk of GSE-eligible mortgages.
Federal Home Loan Mortgage Corp (FMCC) : * FREDDIE MAC: ALTHOUGH UNCERTAINTY WILL REMAIN, IT APPEARS MORTGAGE RATES ARE CRESTING, DO NOT EXPECT THEM TO REACH HIGHS SEEN EARLIER IN FY Source text: Further company coverage:
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.72 percent. ?Increasing for the fifth consecutive week, mortgage rates reached their highest level since the beginning of August,? said Sam Khater, Freddie Mac?s Chief Economist.
WASHINGTON, Oct. 31, 2024 Fannie Mae today reported its third quarter 2024 financial results and filed its Third Quarter 2024 Form 10-Q with the Securities and Exchange Commission. Fannie Mae has scheduled a conference call to discuss the company's results today at 8:00 a.m., ET. Participants may join the conference call in listen-only mode via the webcast link below.
Recipients receive up to $2 million to support the development of over 1,300 housing units The Federal Home Loan Bank of Chicago announced it has awarded over $47 million through its 2024 Affordable Housing Program General Fund round to help finance 35 housing projects located primarily in Illinois and Wisconsin. This press release features multimedia.
Freddie Mac today reported its Third Quarter 2024 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, October 30, 2024, to share its results with the media. Freddie Mac?s mission is to make home possible for families across the nation.
Federal National Mortgage Association (FNMA) : * FANNIE MAE - GUARANTY BOOK OF BUSINESS DECREASED AT COMPOUND ANNUALIZED RATE OF 0.2% IN SEPT. * FANNIE MAE - CONVENTIONAL SINGLE-FAMILY SERIOUS DELINQUENCY RATE 0.52% IN SEPT; MULTIFAMILY SERIOUS DELINQUENCY RATE 0.56% IN SEPT. * FANNIE MAE - AS OF SEPT 30 MAXIMUM EXPOSURE TO FREDDIE MAC COLLATERAL INCLUDED IN OUTSTANDING FANNIE MAE RESECURITIZATIONS WA...
The Funding Will Create or Rehabilitate 3,571 Housing Units. The Federal Home Loan Bank of Dallas is pleased to announce that it has awarded $78.9 million in Affordable Housing Program grants to 41 projects in its five-state District of Arkansas, Louisiana, Mississippi, New Mexico and Texas.
WASHINGTON, Oct. 29, 2024 Fannie Mae's?September 2024 Monthly Summary is now available. About Fannie MaeFannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America. Fannie Mae Newsroomhttps://www.fanniemae.com/newsroom.
Freddie Mac announced today that it plans to report its Third Quarter 2024 financial results before the U.S. financial markets open on Wednesday, October 30, 2024. The company will hold a call at 9 a.m. Eastern Time on Wednesday, October 30, 2024, to share the company?s results with the media. Freddie Mac?s mission is to make home possible for families across the nation.
Today the Board of Directors of the Federal Home Loan Bank of Indianapolis declared its third quarter 2024 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 9.50% and 4.50%, respectively. The dividends will be paid in cash on October?30, 2024.
The Federal Home Loan Bank of Dallas today reported net income of $184.4 million for the quarter ended September 30, 2024. Total assets at September 30, 2024 were $124.9 billion, compared with $126.2 billion at June 30, 2024 and $128.3 billion at December 31, 2023.
Greystone, a leading national commercial real estate finance company, has provided a total of $103,740,000 in Freddie Mac Optigo? loans to refinance two separate multifamily communities in Tamarac, FL and Birmingham, AL. The financing was originated by Haig Kilicyan and Donny Rosenberg of Greystone on behalf of White Eagle Group.
The Federal Home Loan Bank of Indianapolis today announced the results of the election of two Indiana Member Directors and three Independent Directors to its Board of Directors.
CINCINNATI, Oct. 29, 2024 The Federal Home Loan Bank of Cincinnati today released unaudited financial results for the third quarter ended September?30, 2024.
U.S. single-family home prices increased in August amid still tight supply, which together with elevated mortgage rates continue to keep prospective buyers on the sidelines. House prices rose 0.3% on a month-on-month basis after gaining 0.2% in July, the Federal Housing Finance Agency said on Tuesday.
U.S. single-family home prices increased in August amid still tight supply, which together with elevated mortgage rates continue to keep prospective buyers on the sidelines. House prices rose 0.3% on a month-on-month basis after gaining 0.2% in July, the Federal Housing Finance Agency said on Tuesday.
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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