By Chris Prentice and Marisa Taylor. A mortgage fraud probe of a Democratic congressman began last month after William Pulte, the Republican head of the Federal Housing Finance Agency, referred allegations from a conservative news site to his agency's inspector general for possible criminal investigation, government emails seen by Reuters show.
A mortgage fraud probe of a Democratic congressman began last month after William Pulte, the Republican head of the Federal Housing Finance Agency, referred allegations from a conservative news site to his agency's inspector general for possible criminal investigation, government emails seen by Reuters show.
Solidifi, one of the largest appraisal management companies in the United States, today announced the successful completion of its first Uniform Appraisal Dataset 3.6 order, marking a significant achievement in the company?s readiness for the appraisal modernization initiative led by Fannie Mae and Freddie Mac.
BOSTON, Dec. 19, 2025 Federal Home Loan Bank of Boston awarded $47 million in grants, loans, and interest-rate subsidies through its Affordable Housing Program to support 49 affordable housing initiatives in New England and beyond. The grants and loans will be used for construction, acquisition, or rehabilitation costs.
? New York City Housing Development Corporation bond purchase will help create, rehabilitate or preserve more than 6,300 units of affordable housing ? The Federal Home Loan Bank of New York announced a $225 million investment in a New York City Housing Development Corporation bond issuance that will help create, rehabilitate or preserve 6,320 units of affordable housing across an array of HDC?s...
HARRISBURG, Pa., Dec. 18, 2025 The Federal Home Loan Bank of Pittsburgh and the Pennsylvania Housing Finance Agency today announced that $5.25 million in Home4Good grants have been awarded this year to programs across the Commonwealth working to reduce homelessness.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.21%. ?The average 30-year fixed-rate mortgage has remained within a narrow 10-basis point range over the last two months,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac today announced that its offer to investors to exchange certain eligible Gold PCs and Giant PCs for TBA-eligible and non-TBA-eligible mirror securities will close on December 18, 2026. Freddie Mac announced the opening of the exchange offer on May 7, 2019.
The Federal Home Loan Bank of Pittsburgh, in conjunction with its housing finance agency partners, announced that $8.4 million in Home4Good grants have been awarded this year to support 110 programs in Delaware, Pennsylvania and West Virginia in the fight against homelessness.
Greystone, a leading national commercial real estate finance company, has provided a $36,595,000 Freddie Mac loan to refinance a 476-unit garden-style multifamily community located in Houston, Texas. Originally developed in 1966, the property offers renovated apartments and townhomes with one-, two- and three-bedroom layouts.
Federal Home Loan Mortgage Corp (FMCC) : * FREDDIE MAC PRESIDENT MIKE HUTCHINS TO REMAIN PRESIDENT; FREDDIE MAC NAMES NEW CEO, KENNY M. SMITH Source text: Further company coverage:
Freddie Mac today announced that its Board of Directors has selected Kenny M. Smith, a seasoned financial services leader, as the company?s chief executive officer, effective December 17. Mr. Smith brings nearly 40 years of experience providing strategy, operational, risk management and governance counsel to a diverse array of financial services companies and institutions.
Greystone, a leading national commercial real estate finance company, announced it has provided a $28,946,000 Fannie Mae DUS? loan for the acquisition of Sphere Apartments, a multifamily community located in Richmond, Virginia. The $28,946,000 financing features a five-year term with interest-only payments for the full-term of the loan.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.22%. ?The average 30-year fixed-rate mortgage is well below the year-to-date average of 6.62%, providing some sense of balance to the housing market,? said Sam Khater, Freddie Mac?s Chief Economist.
Banks Celebrate Decades-Long Relationship with Multicity Event. The Federal Home Loan Bank of Dallas and Red River Bank are celebrating a milestone: $12 million in FHLB Dallas grants delivered over 25 years to support affordable housing, disaster recovery and economic development in communities across Louisiana. This press release features multimedia.
FHLB Dallas Pathway Fund Helps Organizations Prevent or Remediate Property Title Issues. The Federal Home Loan Bank of Dallas has awarded more than $4.3 million in Pathway Fund grants to assist 42 organizations with preventing or remediating heirs? property issues, such as resolving issues with a property title or establishing a will.
Affordability in the US housing market is expected to improve next year amid lower mortgage rates and muted price growth, News Corp's Realtor.com said in a report on Wednesday. The 30-year fixed mortgage rate in the US was 6.19% as of Dec. 4, compared with 7.04% in mid-January, Freddie Mac data showed.
Fifth Third Bancorp (FITB) today announced a strategic acquisition that will enhance its ability to finance multifamily housing across the United States.
Mechanics Bancorp (MCHB) announced today that its subsidiary Mechanics Bank has entered into a definitive agreement to sell its Fannie Mae Delegated Underwriting and Servicing business line to Fifth Third Bancorp (FITB) in an all-cash transaction.
Greystone, a leading national commercial real estate finance company, announced that it has assisted Cross River Bank in completing a $288 million non-agency CMBS securitization, backed by 59 loans secured by 67 properties across four states, and rated by Moody?s and Morningstar DBRS.
Community First? Housing Counseling Resource Program partners with WHEDA to enhance statewide housing counseling availability The Federal Home Loan Bank of Chicago has awarded $2.5 million to the Wisconsin Housing and Economic Development Authority for 2025 through its Community First? Housing Counseling Resource Program. This press release features multimedia.
Investor Michael Burry, known for "The Big Short," said on Monday he owns sizable positions in Fannie Mae and Freddie Mac and expects them to rise materially if the U.S. mortgage finance giants are taken public again through initial public offerings.
Investor Michael Burry, known for "The Big Short," said on Monday he owns sizable positions in Fannie Mae and Freddie Mac and expects them to rise materially if the U.S. mortgage finance giants are taken public again through initial public offerings.
Nearly $51.9 million in Affordable Housing Program subsidy will benefit affordable housing development in Kentucky, Ohio and Tennessee CINCINNATI, Dec. 8, 2025 Federal Home Loan Bank of Cincinnati President and CEO Andrew S. Howell announced the recipients of 56 Affordable Housing Program grants totaling nearly $51.9 million?marking FHLB Cincinnati's largest grant announcement in AHP history.
KBRA is pleased to announce the assignment of preliminary ratings to three classes of FREMF Series 2025-K763 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-763. The underlying transaction is collateralized by 27 fixed-rate multifamily mortgage loans.
KBRA releases the November 2025 issue of CMBS Trend Watch. With the Federal Reserve?s December meeting drawing near, market participants will be closely watching the central bank?s policy decision and guidance to aid in their projections for 2026. In November, KBRA published pre-sales for seven deals, including two conduits, two single-family rentals, two CRE CLOs, and one Agency.
Funds will be Awarded through FHLB Dallas? Disaster Rebuilding Assistance Program. Nearly 40 Gulf Coast homeowners will receive support to rebuild their homes thanks to a more than $500,000 disbursement* from the Federal Home Loan Bank of Dallas and Hancock Whitney Bank. This press release features multimedia.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.19%. ?Mortgage rates decreased for the second straight week as we emerged from the Thanksgiving holiday,? said Sam Khater, Freddie Mac?s Chief Economist.
The U.S. Congress' watchdog said this week it will investigate whether Federal Housing Finance Agency Director Bill Pulte abused his position and government resources to accuse President Donald Trump's perceived enemies of crimes, according to a letter from the agency reviewed by Reuters.
The Federal Home Loan Bank of Dallas, Comerica Bank and New Hope Housing joined community leaders Tuesday to celebrate the grand opening of NHH Ennis, a new affordable housing community for seniors in Houston, Texas. This press release features multimedia.
Greystone, a leading national commercial real estate finance company, has provided a $24,477,000 Fannie Mae DUS? loan to refinance Manchester at Wesleyan, a 328-unit garden-style apartment community located in Macon, Georgia.
The Federal Home Loan Bank of Chicago today announced the results of its 2025 director election. This press release features multimedia. Wisconsin members elected Bradley J. Schroeder. Schroeder is chairman, president and chief executive officer of DMB Community Bank, an $830 million commercial bank headquartered in Madison, Wisconsin.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.23%. ?Heading into the Thanksgiving holiday, mortgage rates decreased,? said Sam Khater, Freddie Mac?s Chief Economist.
UMH Properties, Inc. (UMH) announced that on November 25, 2025 it completed the addition of seven communities containing 1,765 sites, to its Fannie Mae credit facility through Wells Fargo Bank, N.A., for total proceeds of approximately $91.8 million. Samuel A. Landy, President and Chief Executive Officer, commented ?We are proud to complete another addition to our Fannie Mae credit facility.
Freddie Mac today posted to its website its?Monthly Volume Summary for October 2025, 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.
The Federal Home Loan Bank of Indianapolis today announced it has awarded $34.1 million in affordable housing grants through its Affordable Housing Program. This year, FHLBank Indianapolis has awarded Affordable Housing Program grants to 43 housing projects, facilitating continued development of housing units that will be classified as affordable for low- to moderate-income households.
The FHFA's measure of home prices held steady in September after an unrevised 0.4% increase in the previous month, below a 0.2% gain expected in a survey compiled by Bloomberg. Prices were up 1.7% from a year earlier in September. For the third quarter as a whole, home prices were up 0.2% from Q2 and up 2.2% from Q3 2024, slower than a 3.1% four-quarter gain in the previous quarter.
WASHINGTON, Nov. 24, 2025 "Fannie Mae remains committed to providing dependable liquidity and innovative solutions that support the multifamily housing market in America. ???? Kelly Follain, Executive Vice President and Head of Multifamily, Fannie Mae. Follow Fannie Maefanniemae.com On X: @FannieMae. Fannie Mae Newsroomhttps://www.fanniemae.com/news.
Freddie Mac Multifamily?s loan purchase?cap for 2026 will be $88 billion. ?Freddie Mac Multifamily delivers essential liquidity to create affordable apartment supply around the country each and every year,? said Kevin Palmer, head of Multifamily for Freddie Mac. As was the case last year, for 2026, 50% of loans purchased must be mission-driven.
Berry, Barnes, Herron elected to four-year terms; Pell to serve as board chair; Diaz as vice chair CINCINNATI, Nov. 21, 2025 The Federal Home Loan Bank of Cincinnati's Board of Directors announced the results of the FHLB's 2025 director elections and board leadership updates. J. Wade Berry is President & CEO of Farmers Bank & Trust Company, Marion, Kentucky.
The Federal Home Loan Bank of New York announced today that Stephen S. Romaine has been elected by its Board of Directors to serve as Board vice chair for a two-year term that will commence on January 1, 2026.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.26%. ?Mortgage rates have been shifting within a narrow ten-basis point range over the last month. News Facts The PMMS? is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit.
The Federal Home Loan Bank of New York announced today the results of the 2025 election for three positions on the FHLBNY?s Board of Directors whose terms will each commence on January 1, 2026.
CTBC Bank in partnership with the Federal Home Loan Bank of San Francisco have awarded the Los Angeles County Economic Development Corporation a $150,000 economic development grant to support fire disaster relief under the Access to Housing and Economic Assistance for Development program. CTBC delivered the AHEAD grant to LAEDC for the second year in a row.
Pershing Square Capital Management founder Bill Ackman said on Tuesday that proposals to sell a piece of the U.S. mortgage agencies Fannie Mae and Freddie Mac in an initial public offering is not possible in the short term.
Pershing Square Capital Management founder Bill Ackman said on Tuesday that proposals to sell a piece of the U.S. mortgage agencies Fannie Mae and Freddie Mac in an initial public offering is not possible in the short term. "The sale of a piece of these companies to the public is neither feasible nor desirable at this moment," Ackman said during a presentation posted on X 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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