News Results

  1. Application Window Now Open for The Sallie Mae Fund?s Completing the Dream Scholarship Program
    Business Wire | 02:00 PM EDT

    The Sallie Mae Fund, in Partnership with Thurgood Marshall College Fund, to Provide up to $650,000 in Scholarships for AY2022-23 Scholarships Designed to Remove Financial Obstacles to College Completion for Students From Historically Underserved Communities NEWARK, Del. This press release features multimedia.

  2. Greystone Provides $20.6 Million in Fannie Mae Financing for Two Idaho Multifamily Properties
    GlobeNewswire | 10:01 AM EDT

    Greystone, a leading national commercial real estate finance company, has provided $20,661,000 in Fannie Mae Delegated Underwriting Services financing for two multifamily properties in Rexburg, Idaho. The 264-unit multifamily portfolio properties are located a half mile apart and serve a student population of BYU-Idaho and residents of Rexburg with a mix of one- and two-bedroom units.

  3. Fannie Mae Announces Results of Tender Offer for Any and All of Certain CAS Debt Notes
    PR Newswire | 07/01/22 10:02 AM EDT

    WASHINGTON, July 1, 2022 Fannie Mae today announced the results of its fixed-price cash tender offers for any and all of certain Connecticut Avenue Securities? Debt Notes listed in the table below upon the terms and subject to the conditions set forth in the Offer to Purchase and related Notice of Guaranteed Delivery, each dated as of June 24, 2022.

  4. FormFree announces support for a new Freddie Mac Loan Product Advisor? enhancement aimed at expanding sustainable homeownership for renters
    PR Newswire | 06/30/22 06:37 PM EDT

    Lenders using FormFree's AccountChek with LPA will immediately benefit from this enhancement once it is announced in the July publication of the Freddie Mac Single-Family Seller/Service Guide.

  5. BRIEF-Fannie Mae - Conventional Single-Family Serious Delinquency Rate Decreased 7 Basis Points To 0.87% In May
    Reuters | 06/30/22 05:54 PM EDT

    Federal National Mortgage Association (FNMA) : * FANNIE MAE - CONVENTIONAL SINGLE-FAMILY SERIOUS DELINQUENCY RATE DECREASED 7 BASIS POINTS TO 0.87% IN MAY. * FANNIE MAE - MULTIFAMILY SERIOUS DELINQUENCY RATE REMAINED FLAT AT 0.35% IN MAY. * FANNIE MAE - IN MAY 2022, FANNIE MAE ISSUED RESECURITIZATIONS THAT WERE BACKED BY $10.1 BILLION IN FREDDIE MAC SECURITIES.

  6. Fannie Mae Releases May 2022 Monthly Summary
    PR Newswire | 06/30/22 04:05 PM EDT

    WASHINGTON, June 30, 2022 Fannie Mae's ?May 2022 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.

  7. Mortgage Rates Pause from their Ascent
    GlobeNewswire | 06/30/22 10:00 AM EDT

    Freddie Mac today released the results of its Primary Mortgage Market Survey, showing that the 30-year fixed-rate mortgage averaged 5.70 percent. ?The rapid rise in mortgage rates has finally paused, largely due to the countervailing forces of high inflation and the increasing possibility of an economic recession,? said Sam Khater, Freddie Mac?s Chief Economist.

  8. FEDERAL HOME LOAN BANK OF CHICAGO AND GINNIE MAE REACH $3 BILLION MILESTONE IN MPF? GOVERNMENT MBS
    PR Newswire | 06/29/22 11:00 AM EDT

    CHICAGO, June 29, 2022 ?The Federal Home Loan Bank of Chicago and the Government National Mortgage Association announced today that total issuance under the Mortgage Partnership Finance? Program recently surpassed $3 billion in mortgage-backed securities. Ginnie Mae developed the first mortgage-backed security in 1970, by pooling loans into a security sold in the secondary market.

  9. Freddie Mac Takes Further Action to Help Renters Achieve Homeownership??
    GlobeNewswire | 06/29/22 10:00 AM EDT

    Freddie Mac??announced that it will increase homeownership opportunities for first-time homebuyers by considering on-time rent payments as part of the company?s loan purchase decisions. ?This extremely important initiative will help many renters move closer to achieving the dream of homeownership,? said Michael DeVito, CEO of Freddie Mac.

  10. PHH Mortgage Announces Agreement With Federal Home Loan Bank of Indianapolis to Purchase Mortgage Servicing Rights
    GlobeNewswire | 06/28/22 04:15 PM EDT

    PHH Mortgage, a subsidiary of Ocwen Financial Corporation (OCN) and a leading non-bank mortgage servicer and originator, announced today that it has entered into an agreement with Federal Home Loan Bank of Indianapolis to purchase mortgage servicing rights through its Mortgage Purchase Program.

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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