Greystone, a leading national commercial real estate finance company, has provided $11,401,000 in total Fannie Mae Delegated Underwriting and Servicing loans to refinance two multifamily communities in Lakeland and Port Orange, Florida.
Freddie Mac (FMCC) announces the pricing of the SB82 offering, a multifamily mortgage-backed securitization backed by small balance loans underwritten by Freddie Mac (FMCC) and issued by a third-party trust. SB82 Pricing Details: Freddie Mac (FMCC) is guaranteeing four senior principal and interest classes and one interest only class of securities issued by the FRESB 2021-SB82 Mortgage Trust.
Federal National Mortgage Association : * FANNIE MAE (FNMA) - ECONOMIC GROWTH EXPECTED TO ACCELERATE AS VACCINE DEPLOYMENT QUICKENS AND WARMER WEATHER APPROACHES. * FANNIE MAE (FNMA) - U.S. ECONOMY IS EXPECTED TO GROW 5.3 PERCENT IN 2021 Source text for Eikon: Further company coverage:
WASHINGTON, Jan. 15, 2021 ?The U.S. economy is expected to grow 5.3 percent in 2021, a substantial improvement from the currently projected 2.7 percent contraction in 2020, with a strong pick-up in growth projected to commence over the spring months, according to the latest commentary from the Fannie Mae Economic and Strategic Research Group.
The U.S. Treasury Department said Thursday it was altering its stake in Fannie Mae (FNMA) and Freddie Mac (FMCC), charting a course for the housing finance giants to move away from government control, while acknowledging numerous issues will have to be solved by President-elect Joe Biden's administration.
The Treasury Department announced on Thursday it was overhauling its stake in Fannie Mae (FNMA) and Freddie Mac (FMCC), charting a course for the housing giants to slowly rebuild their capital with an eye towards eventually letting them issue public stock and escape government control.
Freddie Mac (FMCC) recently priced a new offering of Structured Pass-Through Certificates, which are multifamily mortgage-backed securities. K-1519 Pricing Details Related Links The K-1519 Certificates are backed by corresponding classes issued by the FREMF 2021-K1519 Mortgage Trust and guaranteed by Freddie Mac.
WASHINGTON, Jan. 14, 2021 ?Fannie Mae (FNMA) provided $76 billion in financing to support the multifamily market in 2020, the highest volume in the history of its 32-year-old Delegated Underwriting and Servicing program.
According to Freddie Mac?s Quarterly Forecast, the current low mortgage interest rate environment is projected to continue with the 30-year fixed-rate mortgage averaging below three percent through the end of 2021. ?Despite the uncertainties of the pandemic, the housing market performed well in the second half of 2020,? said Sam Khater, Freddie Mac?s Chief Economist.
Freddie Mac (FMCC) recently priced a new offering of Multifamily Structured Credit Risk Notes, Series 2021-MN1. The MSCR Notes are unsecured and unguaranteed mezzanine classes issued by a trust.
Freddie Mac (FMCC) today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 2.79 percent. ?As Treasury yields have risen, it is putting pressure on mortgage rates to move up,? said Sam Khater, Freddie Mac?s Chief Economist.
Federal Home Loan Bank of Atlanta today announced the results of the election for chair and vice chair of the board of directors. Richard A. Whaley, ChairFHLBank Atlanta board members re-elected Richard A. Whaley, president, chief executive officer, and director of Citizens Bank of Americus in Americus, Georgia, to a two-year term as chair of FHLBank Atlanta?s board of directors.
Freddie Mac (FMCC) issued $77.8 billion of multifamily securities in 2020. Contributing to the $77.8 billion total securitization, the company settled: ?Freddie Mac Multifamily continued its bond issuance throughout a volatile 2020 sending a clear signal about our commitment to the K-Deal platform,? said Debby Jenkins, executive vice president and head of Freddie Mac Multifamily.
Greystone, a leading national commercial real estate finance company, has provided $43.8 million in Freddie Mac financing for the acquisition of a multifamily portfolio totaling 885 units in Georgia?s Metro Atlanta region.
NEW YORK, Jan. 12, 2021 ?dv01, the leading capital markets fintech driving technological innovation and loan-level transparency in structured finance,?today announced that it has acquired Pragmic Technologies, an early-stage company that is reimagining the data infrastructure of the agency MBS market.
ANN ARBOR,?MI., Jan. 11, 2021 Home Point Capital Inc. announced today the appointment of mortgage industry veteran Andrew Bon Salle as its Chairman of the Board. Mr. Bon Salle joins Home Point Capital following a nearly 30-year tenure at Fannie Mae, where he most recently served as Executive Vice President of Single-Family Business.
WASHINGTON, Jan. 8, 2021 Fannie Mae (FNMA) priced a $759 million Multifamily DUS? REMIC under its Fannie Mae Guaranteed Multifamily Structures program on January 8, 2021. FNA 2021-M1 marks the first Fannie Mae GeMS issuance of 2021.
Freddie Mac? today published on its website the National Association of Insurance Commissioners?2020 filing year designations for certain STACR Debt notes and price breakpoints for certain STACR Trust and STACR REMIC Trust notes.
Freddie Mac (FMCC) today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 2.65 percent, the lowest rate in the survey?s history which dates back to 1971. ?A new year, a new record low mortgage rate,? said Sam Khater, Freddie Mac?s Chief Economist.
Digital mortgage solution takes time, touch and cost out of underwriting workflow ? accelerating the process and reducing cost per loan CoreLogic? , a leading global property information, analytics and data-enabled services provider, today announced the successful implementation of its income calculation and analysis solution through Freddie Mac?s Loan Product Advisor? asset and income modeler ...
WASHINGTON, Jan. 7, 2021 ?The Fannie Mae Home Purchase Sentiment Index? fell for the second straight month in December to 74.0, a 6.0 point decline from November.
SAN FRANCISCO ?Blend, a leader in digital lending solutions, today announced it has expanded its partnership with Freddie Mac with the integration of the company's automated underwriting system, Loan Product Advisor?. Together, Blend and Freddie Mac are collaborating on technology solutions to drive faster assessment of data and reduce the amount of paperwork, simplifying the process for both t...
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-F96 includes one class of senior bonds indexed to SOFR and backed only by SOFR-based mortgages, and another class of senior bonds indexed to LIBOR and backed only by mortgages which are currently LIBOR-based.
First Security Bank and FHLB Dallas Provide Funding. First Security Bank and the Federal Home Loan Bank of Dallas have awarded a $375,000 Affordable Housing Program subsidy to Promenade Apartments to rehabilitate 46 rental units in the Mountain Home, Arkansas, area.
Conference Call Scheduled for Thursday, Jan. 28, at 8 a.m. ET Sallie Mae? will release fourth-quarter and full-year 2020 financial results after market close on Wednesday, Jan. 27, 2021. The company will host a conference call on Thursday, Jan. 28, 2021, at 8 a.m. ET. A live audio webcast and presentation slides will be available at SallieMae.com/investors.
Move accelerates Sagent?s modernization of loan servicing in 2021 Sagent, a fintech company modernizing mortgage and consumer loan servicing for America?s top banks and lenders, today appointed industry stalwarts Marianne Sullivan and Jeffrey Taylor to its Board of Directors.
The Federal Home Loan Bank of San Francisco announced December 31, 2020, that the 11th District Monthly Weighted Average Cost of Funds Index for November 2020 is 0.466%. The index for October 2020 was 0.503%. 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 the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 2.67 percent. ?All eyes have been on mortgage rates this year, especially the 30-year fixed-rate, which has dropped more than one percentage point over the last twelve months, driving housing market activity in 2020,? said Sam Khater, Freddie Mac?s Chief Economist.
Federal National Mortgage Association : * FANNIE MAE (FNMA) - GUARANTY BOOK OF BUSINESS INCREASED AT A COMPOUND ANNUALIZED RATE OF 15.0% IN NOVEMBER. * FANNIE MAE (FNMA) - CONVENTIONAL SINGLE-FAMILY SERIOUS DELINQUENCY RATE DECREASED 9 BASIS POINTS TO 2.96% IN NOVEMBER. * FANNIE MAE (FNMA) - MULTIFAMILY SERIOUS DELINQUENCY RATE DECREASED 10 BASIS POINT TO 1.03% IN NOVEMBER.
WASHINGTON, Dec. 30, 2020 ?Fannie Mae's November 2020 Monthly Summary is now available. About Fannie MaeFannie Mae (FNMA) helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. Fannie Mae Newsroom https://www.fanniemae.com/news.
Freddie Mac (FMCC) today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 2.66 percent, the lowest rate in the survey?s history which dates back to 1971. ?The housing market is poised to finish the year strong as low mortgage rates continue to fuel homebuyer demand and refinance activity,? said Sam Khater, Freddie Mac?s Chief Economist.
Properties participating in Freddie Mac Multifamily?s Green Advantage? program save an average of more than 2.7 million gallons of water and 1.3 million kBtu of energy per year, according to a new white paper.
Federal National Mortgage Association : * FANNIE MAE EXTENDS PROTECTIONS FOR RENTERS IMPACTED BY COVID-19. * EXTENSION OF ITS MULTIFAMILY COVID-19 FORBEARANCE PROGRAM THROUGH MARCH 31, 2021 Source text for Eikon: Further company coverage:
Federal Home Loan Mortgage Corp : * FREDDIE MAC MULTIFAMILY TO EXTEND COVID-19 FORBEARANCE PROGRAM. * EXTENDED TO MARCH 31, 2021 DEADLINE FOR REQUESTING A NEW OR SUPPLEMENTAL COVID-19 FORBEARANCE AGREEMENT FOR ITS MULTIFAMILY LOANS Source text for Eikon: Further company coverage:
WASHINGTON, Dec. 23, 2020 ?To continue to assist renters in multifamily units and support Fannie Mae-financed multifamily property owners experiencing difficulties during this period of financial uncertainty, Fannie Mae (FNMA) today announced the extension of its multifamily COVID-19 forbearance program through March 31, 2021.
Freddie Mac (FMCC) has extended to March 31, 2021 the deadline for requesting a new or supplemental COVID-19 forbearance agreement for its Multifamily loans.
Federal Home Loan Mortgage Corp : * FREDDIE MAC (FMCC) - TOTAL MORTGAGE PORTFOLIO INCREASED AT AN ANNUALIZED RATE OF 29.5% IN NOVEMBER 2020. * FREDDIE MAC (FMCC) - SINGLE-FAMILY REFINANCE-LOAN PURCHASE AND GUARANTEE VOLUME WAS $107.3 BILLION IN NOVEMBER. * FREDDIE MAC (FMCC) - FREDDIE MAC MORTGAGE-RELATED SECURITIES AND OTHER MORTGAGE-RELATED GUARANTEES INCREASED AT AN ANNUALIZED RATE OF 27.2% IN NOVEMBER.
Freddie Mac (FMCC) today posted to its website its Monthly Volume Summary for November 2020, 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.
Greystone, a leading national commercial real estate finance company, has provided a total of $19,010,000 in Fannie Mae Delegated Underwriting and Servicing and Freddie Mac financing for two multifamily properties in northern California.
Greystone, a leading national commercial real estate finance company, has provided a $10,791,000 Fannie Mae Delegated Underwriting and Servicing loan to refinance a 200-unit affordable housing property in Dallas, Texas. The $10.8 million Fannie Mae loan carries a 10-year term with a fixed interest rate and a 30-year amortization.
Federal Home Loan Bank of Atlanta announced today that it has appointed four members to its Affordable Housing Advisory Council. New Members: Melissa Cook is the Economic Development Director of the city of Arab, Alabama. Patrice Gilmore is the National Supplier Diversity Lead of DPR Construction in the company?s Morrisville, North Carolina office.
NEW YORK, Dec. 21, 2020 ?The Federal Home Loan Bank of New York is pleased to announce the publication of its 2021 Targeted Community Lending Plan and the Affordable Housing Program Implementation Plan.
Freddie Mac (FMCC) today released a white paper analyzing the market characteristics and pipeline activity of Mixed-Income housing, with a special geographic focus on Areas of Concentrated Poverty.
BETHESDA, Md., Dec. 18, 2020 ?Walker & Dunlop (WD), Inc. announced today that it brokered the sale and structured acquisition financing for Collection at Overlook, a 411-unit multifamily property located in San Antonio, Texas.
Federal Home Loan Mortgage Corp : * FREDDIE MAC (FMCC) - IN NOVEMBER, BEGAN PURCHASING & SECURITIZING SINGLE-FAMILY ADJUSTABLE-RATE MORTGAGE LOANS TIED TO SECURED OVERNIGHT FINANCING RATE. * FREDDIE MAC (FMCC) - PLANS TO CEASE PURCHASING LIBOR-BASED PRODUCTS BY DECEMBER 31, 2020 Source text for Eikon: Further company coverage:
Freddie Mac (FMCC) today highlighted the key milestones it achieved in 2020 as part of its transition from LIBOR to the Secured Overnight Financing Rate. ?Freddie Mac?s 2020 actions continued to prepare us for the future cessation of LIBOR,? said Freddie Mac Interim President Mike Hutchins, executive sponsor of the company?s LIBOR transition effort.
WASHINGTON, Dec. 17, 2020 Fannie Mae (FNMA) today highlighted the achievement of key milestones, as it continues advancing the mortgage market's readiness for the anticipated future cessation of LIBOR.
NEW YORK, Dec. 17, 2020 ?Lument has provided $219 million in conventional multifamily loans via Fannie Mae and Freddie Mac to refinance a multifamily portfolio with properties in Colorado, Texas, and Georgia.
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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