Federal Home Loan Mortgage Corp : * FREDDIE MAC PRICES $1.1 BILLION MULTIFAMILY K-DEAL, K-118. * FREDDIE MAC (FMCC) - EXPECTS TO ISSUE APPROXIMATELY $1.1 BILLION IN K CERTIFICATES, WHICH ARE EXPECTED TO SETTLE ON OR ABOUT OCTOBER 29, 2020 Source text for Eikon: Further company coverage:
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-118 Pricing Details Related Links The K-118 Certificates are backed by corresponding classes issued by the FREMF 2020-K118 Mortgage Trust and guaranteed by Freddie Mac.
Freddie Mac (FMCC) today released the results of its Primary Mortgage Market Survey??, showing that the 30-year fixed-rate mortgage averaged 2.80 percent, the lowest rate in our survey?s history which dates back to 1971.
SLM Corp (SLM): * SALLIE MAE REPORTS THIRD-QUARTER 2020 FINANCIAL RESULTS. * Q3 GAAP EARNINGS PER SHARE $0.45. * Q3 EARNINGS PER SHARE ESTIMATE $0.08 -- REFINITIV IBES DATA. * SALLIE MAE - INITIATED RESTRUCTURING PROGRAM FOCUSED ON IMPROVING OPERATIONAL EFFICIENCIES. * SALLIE MAE - RECORDED A $24 MILLION RESTRUCTURING CHARGE IN QUARTER.
Third-Quarter GAAP Net Income Attributable to Common Stock of $169 Million, or $0.45 Per Diluted Share; Third-Quarter ?Core Earnings? Attributable to Common Stock of $179 Million, or $0.47 Per Diluted Share Initiated Restructuring Program Focused on Improving Operational Efficiencies; Recorded a $24 Million Restructuring Charge; Significant Efficiencies Expected to be Realized in 2021 and Beyon...
ARMOUR Residential REIT, Inc. (ARR) today announced the Company's September 30, 2020 financial position and Q3 results and provided further detail on the completed transition of its portfolio to focus exclusively on agency-guaranteed mortgage backed securities.
Federal Home Loan Mortgage Corp : * FREDDIE MAC PRICES $986 MILLION MULTIFAMILY K-DEAL, K-F89. * FREDDIE MAC (FMCC) - ABOUT $986 MILLION IN K CERTIFICATES ARE EXPECTED TO SETTLE ON OR ABOUT OCT 29 Source text for Eikon: Further company coverage:
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-F89 includes one class of senior bonds indexed to LIBOR and another class of senior bonds indexed to SOFR.
Federal Home Loan Mortgage Corp : * FREDDIE MAC (FMCC) - EXPECTS TO ISSUE APPROXIMATELY $198 MILLION IN K CERTIFICATES Source text for Eikon: Further company coverage:
Freddie Mac (FMCC) recently priced a new offering of Structured Pass-Through Certificates which are backed by underlying collateral consisting of supplemental multifamily mortgages. K-J31 Pricing Related Links The K-J31 Certificates are backed by corresponding classes issued by the FREMF 2020-KJ31 Mortgage Trust and guaranteed by Freddie Mac.
Third quarter includes closing of the Bank of Akron transaction, issuance of $57.8 million of preferred stock and a material reduction in COVID-19 related loan forbearances CNB Financial Corporation (CCNE), the parent company of CNB Bank, today announced its earnings for the third quarter ended September 30, 2020.
Federal Home Loan Mortgage Corp : * PRESS RELEASE - FREDDIE MAC SELLS $18 MILLION OF NPLS IN EXTENDED TIMELINE POOL. * FREDDIE MAC SELLS $18 MILLION OF NPLS IN EXTENDED TIMELINE POOL Source text for Eikon: Further company coverage:
Freddie Mac (FMCC) today announced it sold via auction 101 non-performing residential first lien loans serviced by Specialized Loan Servicing LLC to VRMTG ACQ, LLC, a minority and woman owned business.
Federal Home Loan Mortgage Corp : * FREDDIE MAC PRICES $372 MILLION SUSTAINABILITY BONDS OFFERING OF GUARANTEED TAX-EXEMPT ML CERTIFICATES Source text for Eikon: Further company coverage:
Freddie Mac (FMCC) recently priced a new offering of credit risk transfer securities backed by Tax-Exempt Loans made by state or local housing agencies and secured by affordable rental housing. The company expects to guarantee approximately $372 million in fixed-rate ML Certificates that are supported by pools of fixed-rate TELs.
Freddie Mac (FMCC) announced today that it has priced its $1.086 billion STACR REMIC 2020-DNA5 offering, its first Single-Family credit risk transfer offering tied to the Secured Overnight Financing Rate. ?As a member of the Alternative Reference Rates Committee Freddie Mac (FMCC) has been a leader in the shift from LIBOR to SOFR,? said Freddie Mac?s Mike Reynolds, Vice President, Single-Family CRT.
Federal National Mortgage Association : * FANNIE MAE PRICES $536 MILLION GREEN MULTIFAMILY DUS REMIC UNDER ITS GEMS PROGRAM Source text for Eikon: Further company coverage:
WASHINGTON, Oct. 16, 2020 ?Fannie Mae (FNMA) priced a $536 million Green Multifamily DUS? REMIC under its Fannie Mae Guaranteed Multifamily Structures program on October 15, 2020. FNA 2020-M46 marks the ninth Fannie Mae GeMS issuance of 2020.
Federal Home Loan Mortgage Corp : * FREDDIE MAC ANNOUNCES PRICING OF $368 MILLION MULTIFAMILY SMALL BALANCE LOAN SECURITIZATION. * FREDDIE MAC (FMCC) - EXPECTS TO ISSUE ABOUT $368 MILLION IN SB CERTIFICATES, WHICH ARE EXPECTED TO SETTLE ON OR ABOUT OCTOBER 23, 2020 Source text for Eikon: Further company coverage:
Freddie Mac (FMCC) announces the pricing of the SB79 offering, a multifamily mortgage-backed securitization backed by small balance loans underwritten by Freddie Mac (FMCC) and issued by a third-party trust. SB79 Pricing Details: Freddie Mac (FMCC) is guaranteeing three senior principal and interest classes and one interest only class of securities issued by the FRESB 2020-SB79 Mortgage Trust.
WASHINGTON, Oct. 16, 2020 ?Despite a light rebalancing of third and fourth quarter estimates, full-year 2020 economic output is still expected to contract 2.6 percent, according to the latest commentary from the Fannie Mae Economic and Strategic Research Group. The housing sector continues to be highly supportive of economic growth and is expected to remain so over the forecast horizon.
Federal Home Loan Mortgage Corp : * FREDDIE MAC PRICES $877 MILLION MULTIFAMILY K-DEAL, K-F88. * FREDDIE MAC (FMCC) - ABOUT $877 MILLION IN K CERTIFICATES EXPECTED TO SETTLE ON OR ABOUT OCTOBER 23 Source text for Eikon: Further company coverage:
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-F88 includes one class of senior bonds indexed to LIBOR and another class of senior bonds indexed to SOFR.
The Federal Home Loan Bank of San Francisco is pleased to announce the appointment of Tyrone Roderick Williams to its Affordable Housing Advisory Council, effective immediately. FHLBank San Francisco?s 15-member AHAC provides expert guidance on affordable housing and economic development and helps shape the Bank?s community grant and credit programs.
Federal National Mortgage Association: * FANNIE MAE ANNOUNCES EIGHTEENTH SALE OF REPERFORMING LOANS. * FANNIE MAE (FNMA) - SALE CONSISTS OF ABOUT 6,360 LOANS, HAVING UNPAID PRINCIPAL BALANCE OF ABOUT $734.2 MILLION Source text for Eikon: Further company coverage:
WASHINGTON ?Fannie Mae (FNMA) today began marketing its eighteenth sale of reperforming loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio. The sale consists of approximately 6,360 loans, having an unpaid principal balance of approximately $734.2 million, and is available for purchase by qualified bidders.
Freddie Mac (FMCC) today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 2.81 percent, the lowest rate in our survey?s history which dates back to 1971. ?Low mortgage rates have become a regular occurrence in the current environment,? said Sam Khater, Freddie Mac?s Chief Economist.
Remote Online Notarization, E-Signatures and other options help support loan servicers Wolters Kluwer?s Compliance Solutions business will present a webinar, ?Understand Your Options: Electronic Signatures and Remote Online Notarization? with representatives from Fannie Mae and Freddie Mac to educate loan servicers on key Fannie Mae and Freddie Mac requirements and considerations for electronic...
Federal Home Loan Mortgage Corp : * FREDDIE MAC PRICES NEW $3 BILLION THREE-YEAR REFERENCE NOTES SECURITY. * FREDDIE MAC (FMCC) - PRICED ITS NEW $3 BILLION, 0.125% THREE-YEAR USD REFERENCE NOTES SECURITY DUE ON OCTOBER 16, 2023. * FREDDIE MAC (FMCC) - ISSUE, CUSIP NUMBER 3137EAEY1, WAS PRICED AT 99.627 TO YIELD 0.25%, 7.5 BASIS POINTS MORE THAN YIELD ON THREE-YEAR U.S. TREASURY NOTES.
Freddie Mac (FMCC) announced today that it priced its new $3 billion, 0.125% three-year USD Reference Notes? security due on October 16, 2023. The new Reference Notes security is offered via a syndicate of dealers headed by J.P. Morgan Securities LLC, TD Securities LLC, and Wells Fargo Securities, LLC. This announcement is not an offer to sell any Freddie Mac (FMCC) securities.
HomeStreet Inc (HMST): * HOMESTREET ANNOUNCES CHANGES TO FANNIE MAE DUS BUSINESS. * HOMESTREET (HMST) - AGREEMENT TO MOVE ORIGINATION, SALE, SERVICING OF MORTGAGES ON MULTIFAMILY PROPERTIES UNDER DUS FROM FANNIE MAE TO BANK FROM SEPARATE UNIT.
Federal Home Loan Mortgage Corp : * FREDDIE MAC QUARTERLY FORECAST: HOUSING MARKET CONTINUES TO REBOUND AS MORTGAGE RATES HOVER AT RECORD LOWS. * EVEN AS ECONOMY FACES CHALLENGES FROM CORONAVIRUS PANDEMIC, HOUSING MARKET HAS BEEN SHOWING STRENGTH.
According to Freddie Mac?s Quarterly Forecast, total mortgage origination volumes increased over the last several months as many homeowners took advantage of historically low mortgage rates. ?Even as the economy faces challenges from the coronavirus pandemic, the housing market has been showing strength,? said Sam Khater, Freddie Mac?s Chief Economist.
HomeStreet, Inc. (HMST) or, the parent company of HomeStreet Bank, today announced that pursuant to an agreement with Fannie Mae that became effective on September 30, 2020, the Company will reorganize its Fannie Mae Delegated Underwriting and Servicing business.
Federal Home Loan Mortgage Corp : * FREDDIE MAC ANNOUNCES ISSUANCE OF NEW THREE-YEAR REFERENCE NOTES SECURITY. * FREDDIE MAC ANNOUNCES ISSUANCE OF NEW THREE-YEAR REFERENCE NOTES SECURITY. * FREDDIE MAC (FMCC) - ISSUE WILL SETTLE ON OCTOBER 16 Source text for Eikon: Further company coverage:
Freddie Mac (FMCC) announced today that it plans to issue new three-year USD Reference Notes? security, CUSIP number 3137EAEY1, due on October 16, 2023. The new Reference Notes security will be offered via a syndicate of dealers headed by J.P. Morgan Securities LLC, TD Securities LLC, and Wells Fargo Securities, LLC. This announcement is not an offer to sell any Freddie Mac (FMCC) securities.
Greystone, a private national commercial real estate finance company, announced today its closing of a $289,289,000 permanent Freddie Mac loan made to an affiliate of BLDG Management Company, Inc. for the Summit, a premier multifamily rental building in Midtown Manhattan. The Summit, located at 222 East 44th Street, is composed of 441,000 gross square feet and 429 residential rental units.
Freddie Mac (FMCC) recently priced a new offering of Structured Pass-Through Certificates, which are multifamily mortgage-backed securities. ?We are encouraged by the warm market reception of our first sustainability deal,? said Robert Koontz, the head of Capital Markets for Freddie Mac Multifamily. K-SG Deals ? Sustainability Bonds.
WASHINGTON, Oct. 8, 2020 Fannie Mae (FNMA) is reminding those impacted by Hurricane Delta of available mortgage assistance and disaster relief options. In addition, homeowners currently on a COVID-19-related forbearance plan who are subsequently impacted by the storm should contact their mortgage servicer to discuss options.
Freddie Mac (FMCC) today reminded mortgage servicers of its disaster relief policies for homeowners as Hurricane Delta approaches Louisiana and other northern Gulf Coast states. ?Hurricane Delta will mark the fifth hurricane to hit the U.S. so far this season,? said Bill Maguire, Freddie Mac?s Vice President of Single-Family Servicing Portfolio Management.
Federal Home Loan Mortgage Corp: * FREDDIE MAC (FMCC) - WITH NEAR RECORD LOW RATES, BUYER DEMAND REMAINS ROBUST WITH STRONG FIRST-TIME BUYERS COMING INTO MARKET. * FREDDIE MAC (FMCC) - DEMAND IS PARTICULARLY STRONG IN MORE AFFORDABLE REGIONS OF COUNTRY SUCH AS MIDWEST Source text for Eikon: Further company coverage:
Freddie Mac (FMCC) today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 2.87 percent. ?The year-long slide in mortgage rates seems to be ending as rates have flattened over the last month and the economic rebound has slowed,? said Sam Khater, Freddie Mac?s Chief Economist.
Federal Home Loan Mortgage Corp: * FREDDIE MAC PRICES $973 MILLION MULTIFAMILY K-DEAL, K-F87. * FREDDIE MAC (FMCC) - ABOUT $973 MILLION IN K CERTIFICATES ARE EXPECTED TO SETTLE ON OR ABOUT OCTOBER 16, 2020 Source text for Eikon: Further company coverage:
Conference Call Scheduled for Thursday, Oct. 22, at 8 a.m. EDT Sallie Mae? will release third-quarter financial results after market close on Wednesday, Oct. 21, 2020. The company will host a conference call on Thursday, Oct. 22, 2020, at 8 a.m. EDT. A live audio webcast and presentation slides will be available at SallieMae.com/investors.
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-F87 includes one class of senior bonds indexed to LIBOR and another class of senior bonds indexed to SOFR.
WASHINGTON, Oct. 7, 2020 The Fannie Mae Home Purchase Sentiment Index? increased 3.5 points in September to 81.0, rising for the second consecutive month and continuing the rebound from late spring.
DALLAS, Oct. 6, 2020 ?LoanBeam announced today that Freddie Mac will further integrate its income solution, including IRS tax transcript data, with Loan Product Advisor?. For almost two years, lenders have been leveraging LoanBeam through LPA AIM for self-employed to improve their process flow and achieve income confidence on Sole Proprietorships, S-Corporations and Partnerships.
Federal Home Loan Mortgage Corp: * PRESS RELEASE - FREDDIE MAC SELLS $464 MILLION IN NPLS. * FREDDIE MAC (FMCC) - TRANSACTION IS EXPECTED TO SETTLE IN DECEMBER 2020. * FREDDIE MAC (FMCC) - SOLD VIA AUCTION 2,806 NON-PERFORMING RESIDENTIAL FIRST LIEN LOANS FROM MORTGAGE-RELATED INVESTMENTS PORTFOLIO Source text for Eikon: Further company coverage:
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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