AHP Funds Will Offset Costs to Build Two Austin Apartments. The Federal Home Loan Bank of Dallas and Wells Fargo awarded $1.5 million via two Affordable Housing Program subsidies for affordable rental developments in the works in Austin, Texas. This press release features multimedia.
Federal Home Loan Mortgage Corp: * FREDDIE MAC PRICES $1.1 BILLION MULTIFAMILY K-DEAL, K-137. * FREDDIE MAC (FMCC) - EXPECTS TO ISSUE APPROXIMATELY $1.1 BILLION IN K CERTIFICATES, WHICH ARE EXPECTED TO SETTLE ON OR ABOUT JAN 21, 2022 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-137 Pricing *The pricing benchmark used for these classes was the P-curve.**For more information on Freddie Mac's When-Issued K-Deal, WI-K137, click here.
The Federal Home Loan Bank of Dallas is pleased to announce the appointment of four new members of its Affordable Housing Advisory Council and one reappointment.
KBRA assigns preliminary ratings to 34 classes from Freddie Mac Structured Agency Credit Risk REMIC 2022 DNA1 Notes, Freddie Mac STACR REMIC Trust 2022-DNA1, a credit risk sharing transaction with a total note offering of $1,353,000,000.
Federal Home Loan Mortgage Corp (FMCC): * FREDDIE MAC ANNOUNCES PRICING OF $400 MILLION MULTIFAMILY SMALL BALANCE LOAN SECURITIZATION. * FREDDIE MAC - EXPECTED TO SETTLE ABOUT $400 MILLION IN SB CERTIFICATES ON OR ABOUT JAN 21, 2022 Source text for Eikon: Further company coverage:
Freddie Mac announces the pricing of the SB94 offering, a multifamily mortgage-backed securitization backed by small balance loans underwritten by Freddie Mac and issued by a third-party trust. SB94 Pricing *The pricing benchmark used for these classes was the P-curve.
Federal Home Loan Mortgage Corp: * FREDDIE MAC (FMCC) - FREDDIE MAC MULTIFAMILY PURCHASED $70 BILLION IN LOANS IN 2021, HITTING FHFA VOLUME CAP Source text for Eikon: Further company coverage:
Federal Home Loan Mortgage Corp: * FREDDIE MAC (FMCC) - RISE IN MORTGAGE RATES SO FAR THIS YEAR HAS NOT YET AFFECTED PURCHASE DEMAND. * FREDDIE MAC (FMCC) - GIVEN FAST PACE OF HOME PRICE GROWTH, IT WILL LIKELY DAMPEN PURCHASE DEMAND IN NEAR FUTURE Source text for Eikon: Further company coverage:
President Joe Biden's nominee to run the agency overseeing Fannie Mae and Freddie Mac on Thursday said she would defer to Congress on whether to release the two home financing giants from federal government conservatorship.
WASHINGTON, Jan. 13, 2022 ?Fannie Mae (FNMA) provided nearly $70 billion in financing to support the multifamily market in 2021, and funding of multifamily affordable housing rose more than 23 percent last year to the highest volume in the history of its 33-year-old Delegated Underwriting and Servicing program.
Freddie Mac Multifamily purchased $70 billion in loans in 2021, hitting the FHFA volume cap. ?Freddie Mac Multifamily had an outstanding year, exceeding all our mission-driven benchmarks and providing liquidity throughout the multifamily markets in 2021,? said Richard Martinez, senior vice president for Production & Sales at Freddie Mac.
Freddie Mac (FMCC) today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 3.45 percent. ?Mortgage rates rose across all mortgage loan types, with the 30-year fixed-rate mortgage increasing by almost a quarter of a percent from last week,? said Sam Khater, Freddie Mac?s Chief Economist.
Webcast and Conference Call Scheduled for Thursday, Jan. 27, at 8 a.m. ET Sallie Mae? will release fourth-quarter and full-year 2021 financial results after market close on Wednesday, Jan. 26, 2022. A live audio webcast and presentation slides will be available at SallieMae.com/investors and the hosting website on Thursday, Jan. 27, 2022, at 8 a.m. ET.
The Freddie Mac Multifamily?Apartment Investment Market Index? remained positive in Q3 2021 driven by net operating income growth, bolstering the investment environment for multifamily properties.
WASHINGTON, Jan. 12, 2022 Fannie Mae (FNMA) today announced the launch of HomeView?, the company's new online homeownership education course, to help consumers navigate the mortgage and homebuying process confidently and responsibly.
Federal Home Loan Mortgage Corp (FMCC): * FREDDIE MAC PRICES $829 MILLION MULTIFAMILY K-DEAL, K-F128. * FREDDIE MAC - APPROXIMATELY $829 MILLION IN K CERTIFICATES ARE EXPECTED TO SETTLE ON OR ABOUT JANUARY 20, 2022 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-F128 Pricing Details Related Links The K-F128 Certificates will not be rated and will include one senior principal and interest class and one interest-only class that is also entitled to static prepayment premiums.
KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2022-K137 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-137. The underlying transaction is collateralized by 42 fixed-rate multifamily mortgage loans.
Greystone, a leading national commercial real estate finance company, has provided an $8,723,000 Fannie Mae Delegated Underwriting Service loan to refinance a 148-unit multifamily property in Terrytown, Louisiana. Constructed in 1974, Oak Alley Apartments is a gated, garden style apartment community in Jefferson Parish consisting of 148 one-, two-, and three-bedroom units.
WASHINGTON, Jan. 11, 2022 ?Fannie Mae (FNMA) priced Connecticut Avenue Securities? Series 2022-R01, an approximately $1.5 billion note offering that represents Fannie Mae's (FNMA) first CAS REMIC? transaction of the year. The reference pool for CAS Series 2022-R01 consists of approximately 180,000 single-family mortgage loans with an outstanding unpaid principal balance of nearly $54?billion.
- U.S. housing finance giant Fannie Mae has started integrating data from digital banking startup Blend Labs Inc. into its underwriting program to make it easier for lenders to evaluate a borrower's rental payment history when approving a home loan.
U.S. housing finance giant Fannie Mae has started integrating data from digital banking startup Blend Labs
Inc. (BLND) into its underwriting program to make it easier for lenders to evaluate a borrower's rental payment history when approving a home loan.
NEW YORK, Jan. 11, 2022 Lument has provided a $15.1 million Fannie Mae conventional multifamily loan to facilitate the acquisition of Sommerset Place Apartments, a 144-unit multifamily community built in 1983 and located in Raleigh, North Carolina. James Kelly, a director in Lument's Atlanta office, led the transaction.
CINCINNATI, Jan. 10, 2022 ?The Federal Home Loan Bank of Cincinnati's Board of Directors announced the results of the FHLB's 2021 director elections. Elected to the Board as Kentucky Member directors are J. Wade Berry and incumbent Greg W. Caudill.
KBRA assigns preliminary ratings to 65 classes from Connecticut Avenue Securities, Series 2022-R01, a credit risk sharing transaction with a total note offering of $1,506,261,000. The Reference Pool consists of 180,002 residential mortgage loans with an outstanding principal balance of approximately $53.7 billion as of the cut-off date.
Federal Home Loan Mortgage Corp : * FREDDIE MAC TO ISSUE WHEN-ISSUED BONDS FOR BENCHMARK K-DEAL BOND CLASS Source text for Eikon: Further company coverage:
Freddie Mac (FMCC) will soon begin marketing a class of Multifamily WI Certificates comprised of a substantial portion of the benchmark A-2 guaranteed bond class of Structured Pass-Through Certificates, Series K-140.
Freddie Mac?s annual multifamily outlook estimates that overall multifamily origination volume will continue to grow in 2022 to between $475 billion and $500 billion.
NEW YORK, Jan. 10, 2022 ?Lument has provided a $48.8 million Freddie Mac conventional loan to refinance Sanctuary at 331, a 264-unit luxury multifamily community in Santa Rosa Beach, Florida. Lument Managing Director Steve Beltran led the transaction. "We were pleased to work with Freddie Mac to refinance this property on Florida's economically vibrant Emerald Coast," said Beltran.
Freddie Mac (FMCC) today published its first annual sustainability disclosure in accordance with standards issued by the Sustainability Accounting Standards Board. The SASB disclosure provides data on Freddie Mac?s business practices, including metrics and activities related to equitable lending, flood risk and diversity in hiring for the year ended December 31, 2020.
NEW YORK, Jan. 7, 2022 ?Lument recently provided a $9.4 million Freddie Mac conventional multifamily loan to refinance The Stratford Apartments in Beaverton, Oregon. The apartment community is a six-building, 65-unit garden-style complex managed by Princeton Property Management, Inc., which manages 60 properties and more than 3,000 units in the Portland metropolitan area.
WASHINGTON, Jan. 7, 2022 The Fannie Mae Home Purchase Sentiment Index? decreased 0.5 points to 74.2 in December, as consumers continued to report substantially divergent views of homebuying and home-selling conditions.
The average rate for a 30-year fixed rate mortgage in the U.S. rose to 3.22% as of the week of Jan. 6, up from 3.11% the week prior, according to housing finance giant Freddie Mac. That is the highest average rate for this type of mortgage since May 2020, and it is more than half a percent higher than January 2021, Freddie Mac's Chief Economist Sam Khater said in a statement.
Freddie Mac (FMCC) today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 3.22 percent. ?Mortgage rates increased during the first week of 2022 to the highest level since May 2020 and are more than half a percent higher than January 2021,? said Sam Khater, Freddie Mac?s Chief Economist.
KBRA releases the December 2021 issue of CMBS Trend Watch. CMBS private label pricing volume totaled $6.5 billion for December, bringing total issuance in 2021 to $110 billion. In December, KBRA published pre-sales for six deals including three conduits, one SB transaction, one single-family rental, and one small balance commercial.
Freddie Mac (FMCC) today announced that its Single-Family credit risk transfer program expects issuance volume of at least $25 billion in 2022. ?Freddie Mac (FMCC) is responding to the capital requirements established by the Enterprise Regulatory Capital Framework with plans to optimize our CRT offerings in 2022.
Federal Home Loan Bank of Atlanta announced today that it has appointed three new members to its Affordable Housing Advisory Council. New Members: Sharon Bell is co-founder and principal of Dworbell, Inc., which provides management, advocacy, communications and public relations services to entities in affordable housing and housing finance.
Freddie Mac (FMCC) today published on its website the National Association of Insurance Commissioners 2021 filing year designations for certain STACR Debt, STACR Trust, and STACR REMIC Trust notes.
Freddie Mac Multifamily today announced that Steve Lineberger and Meg McElgunn have been named vice presidents of Production & Sales. ?Steve and Meg are both exceptionally strong leaders who bring unique talents and extensive experience in the multifamily business,? said Richard Martinez, senior vice president of Multifamily Production & Sales at Freddie Mac.
Greystone, a leading national commercial real estate finance company, has provided $13.4 million in total Fannie Mae Delegated Underwriting Services loans to refinance two multifamily properties in Baton Rouge, Louisiana. An $8,100,000 Fannie Mae loan was provided for Bienville Towers, covering 160 units of the 200-unit fractured condominium property located at 2100 College Drive.
FOOTHILL RANCH, Calif. Ginnie Mae loans in-house is important for loanDepot, because it enables us to provide the best-in-class care and service that our customers have come to expect ? from initial consultation through servicing for the life of their loans," said loanDepot Executive Vice President of Servicing and Capital Market Operations, Dan Binowitz.
Greystone, a leading national commercial real estate finance company, has provided a $17,592,000 Freddie Mac Optigo? Targeted Affordable Housing loan to acquire a 168-unit affordable housing property in Fort Walton Beach, Florida. The $17,592,000 Freddie Mac loan carries a 10-year term and 30-year amortization at a variable interest rate, with interest-only payments for the first five years.
Federal Home Loan Mortgage Corp: * FREDDIE MAC'S GREEN BOND PROGRAM EXPANDS WITH SINGLE-FAMILY GREEN BOND FRAMEWORK AND SECOND PARTY OPINION Source text for Eikon: Further company coverage:
Woodforest National Bank and FHLB Dallas Disburse More Than $49,000. Woodforest National Bank? and the Federal Home Loan Bank of Dallas worked together to disburse more than $49,000 in Special Needs Assistance Program funding to nine homeowners in the Beaumont-Port Arthur area of Texas and a 10th in Ellis County south of Dallas, Texas, to make home repairs. This press release features multimedia.
Freddie Mac (FMCC) today announced its Single-Family Green Bond Framework under its Single-Family Green Bond Program, supporting the company?s commitment to promote environmentally sustainable single-family housing to help reduce climate-related risks and increase affordability.
The Federal Home Loan Bank of San Francisco announced December 31, 2021, that the 11th District Monthly Weighted Average Cost of Funds Index for November 2021 is 0.218%. The index for October 2021 was 0.225%. 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...
WASHINGTON, Dec. 30, 2021 ?Fannie Mae's November 2021 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 people in America. Fannie Mae Newsroomhttps://www.fanniemae.com/newsroom.
Freddie Mac (FMCC) today released a white paper examining the availability of affordable housing for renters in High Opportunity Areas, which provide residents with access to quality education, employment, health care and transportation.
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.
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