Mortgage industry of the United States

HarborOne Bank Earns Highest Possible Rating for Community Service, Lending, Investment

Retrieved on: 
Tuesday, August 3, 2021
Finance, Other Consumer, Banking, Consumer, Professional services, United States federal banking legislation, United States housing bubble, Urban politics in the United States, Community Reinvestment Act, Mortgage industry of the United States, Federal government of the United States, Economy of the United States, Federal Deposit Insurance Corporation, Cities in the United States, Government policies and the subprime mortgage crisis, The Savings Bank

HarborOne Bancorp, Inc. (the Company) (NASDAQ: HONE), the holding company of HarborOne Bank, today announced that for the second consecutive Community Investment Act (CRA) review, HarborOne Bank has earned an Outstanding rating by the Federal Deposit Insurance Corporation (FDIC).

Key Points: 
  • HarborOne Bancorp, Inc. (the Company) (NASDAQ: HONE), the holding company of HarborOne Bank, today announced that for the second consecutive Community Investment Act (CRA) review, HarborOne Bank has earned an Outstanding rating by the Federal Deposit Insurance Corporation (FDIC).
  • The Outstanding rating for the bank is a testament to the men and women who work for HarborOne and year after year put their customers, and their community, first, said James Blake, CEO of HarborOne.
  • According to the FDIC data, less than 10 percent of all banks nationally receive an Outstanding CRA rating, and even fewer receive Outstanding ratings on all three components (Community Service, Lending, and Investment) of the Community Reinvestment Act review.
  • The CRA evaluation also praised HarborOne for community development loans spurring affordable housing construction, small business loans that drove job creation, and the banks leadership in financial education and community outreach.

Black Knight Integrates its Optimal Blue PPE With the Empower LOS, Delivering Streamlined Pricing and a New Data Synchronization Feature

Retrieved on: 
Tuesday, August 3, 2021
Loans, Mortgage industry of the United States, Black Knight, Brooklyn, Jacksonville, Fidelity National Financial, Competition, Pricing, Loan origination, Finance, Service companies, Economy

JACKSONVILLE, Fla., Aug. 3, 2021 /PRNewswire/ -- Today, Black Knight, Inc. (NYSE:BKI)announced the integration of its industry-leading Optimal Blue product, pricing and eligibility engine (Optimal Blue PPE) and the powerful Black Knight Empower loan origination system (LOS).

Key Points: 
  • JACKSONVILLE, Fla., Aug. 3, 2021 /PRNewswire/ -- Today, Black Knight, Inc. (NYSE:BKI)announced the integration of its industry-leading Optimal Blue product, pricing and eligibility engine (Optimal Blue PPE) and the powerful Black Knight Empower loan origination system (LOS).
  • As part of integrating the PPE and LOS, Black Knight has added an innovative Pipeline Monitoring feature that synchronizes data between the two systems.
  • This integration builds on Black Knight's efforts to lead the industry in pricing innovation by delivering greater accuracy to clients through its best-of-breed Optimal Blue PPE.
  • Delivering seamlessaccessto the most currentpricing withinthe Empower LOSprovidesBlack Knight clients even greater value by way of improved data integrity, decreased cycle times and lower costs per loan.

Fannie Mae Reports Net Income of $7.2 Billion for Second Quarter 2021

Retrieved on: 
Tuesday, August 3, 2021
Mortgage industry of the United States, Fannie Mae, Economy of the United States, Mortgage loan, Laptop, Fannie, Finance, Economy

Fannie Mae will host a conference call to discuss the company's results today at 8:00 a.m., ET.

Key Points: 
  • Fannie Mae will host a conference call to discuss the company's results today at 8:00 a.m., ET.
  • Participants may join the conference call in listen-only mode via the webcast link below.
  • Click on the link above to attend the presentation from your laptop, tablet, or mobile device.
  • Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of people in America.

Freddie Mac to Issue $170 Million in Social Bonds to Support Affordable Housing in Las Vegas Area

Retrieved on: 
Monday, August 2, 2021
Bond, Mortgage industry of the United States

These Social Bonds will be issued as four floating-rate, 7-year, SOFR-based Multifamily PCs.

Key Points: 
  • These Social Bonds will be issued as four floating-rate, 7-year, SOFR-based Multifamily PCs.
  • With this transaction, Freddie Mac is able to leverage its innovative Social Bonds program to deliver on two important parts of our mission: one, supporting affordable housing; and two, promoting diversity, equity and inclusion in the multifamily industry, said Robert Koontz, senior vice president of Capital Markets for Freddie Mac Multifamily.
  • This transaction is an example of how Freddie Macs Impact Bonds, and specifically the Social Bonds framework, can facilitate opportunities for borrowers who share our commitment to underserved communities.
  • According to the companys Social Bonds Framework , the proceeds of Freddie Macs Social Bonds are used either to provide liquidity to social impact financial institutions for financing of affordable housing or to finance multifamily properties originated by the Freddie Mac Multifamily Optigo network that are affordable to an underserved population.

Freddie Mac Names Dionne Wallace Oakley as Chief Human Resources Officer and Chief Diversity Officer

Retrieved on: 
Monday, August 2, 2021
Articles, Economy, Mortgage industry of the United States, CHRO, Chief human resources officer, Business, Freddie Mac, Wallace, Oakley, Freddy

MCLEAN, Va., Aug. 02, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB:FMCC) today announced that Dionne Wallace Oakley will serve as the companys senior vice president, chief human resources officer (CHRO) and chief diversity officer (CDO).

Key Points: 
  • MCLEAN, Va., Aug. 02, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB:FMCC) today announced that Dionne Wallace Oakley will serve as the companys senior vice president, chief human resources officer (CHRO) and chief diversity officer (CDO).
  • It is with great pleasure that we announce Dionne Wallace Oakley as our next head of Human Resources and Chief Diversity Officer, said Michael DeVito, CEO of Freddie Mac.
  • Ms. Wallace Oakley brings over 20 years of human resources experience to Freddie Mac, most recently serving as executive vice president, human resources and strategy at Erie Insurance.
  • I am excited to join Freddie Mac at this critical moment for the company and our country, said Wallace Oakley.

KBRA Assigns Preliminary Ratings to FREMF 2021-K130 and Freddie Mac Structured Pass-Through Certificate Series K-130

Retrieved on: 
Monday, August 2, 2021
Banking, Professional services, Insurance, Finance, Mortgage industry of the United States, United States housing bubble, Finance, Credit risk, Debt, Securitization, Freddie Mac, Money, Economy

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2021-K130 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates (SPCs), Series K-130.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2021-K130 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates (SPCs), Series K-130.
  • Freddie Mac will guarantee six classes of certificates issued in the underlying Series 2021-K130 securitization and will deposit the guaranteed underlying certificates into a separate trust that will issue the SPCs.
  • The largest exposure is represented by Multifamily Crossed Portfolio (12.3%), secured by two garden-style multifamily complexes located in California.
  • The assets are located in 26 states, with the three largest concentrations in California (16.6%), Texas (12.8%), and Ohio (9.9%).

Black Knight: Servicers Face Operational Challenge of Processing Up To 18,000 Forbearance Plans Per Day as Newly Detailed Forbearance Timelines Frontload Expirations to the Fall

Retrieved on: 
Monday, August 2, 2021
Loans, Mortgage industry of the United States, Money, Finance, Mortgage, Financial services, Forbearance, Mortgage servicer, Mortgage loan, VA loan

Considering recently updated forbearance expiration timelines announced by FHFA, FHA, VA, and USDA, this month's report looks at the impact of the many varying allowable forbearance periods.

Key Points: 
  • Considering recently updated forbearance expiration timelines announced by FHFA, FHA, VA, and USDA, this month's report looks at the impact of the many varying allowable forbearance periods.
  • According to Black Knight Data & Analytics President Ben Graboske, due to the complexity of the expiration matrices across different agencies, the operational challenge mortgage servicers were already facing this fall has been compounded even more.
  • However, now we have detailed matrices of differing forbearance periods across the various agencies.
  • The operational challenge this represents is staggering, even before noting the oversized share of FHA and VA loans.

Federal Home Loan Bank of Atlanta Announces Second Quarter 2021 Operating Highlights

Retrieved on: 
Thursday, July 29, 2021
Mortgage industry of the United States, Federal Home Loan Banks, Affordable housing, Mortgage loan, Economy, Articles

FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities.

Key Points: 
  • FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities.
  • FHLBank Atlanta is one of 11 district banks in the Federal Home Loan Bank System.
  • Since 1990, the FHLBanks have awarded approximately $7 billion in Affordable Housing Program funds, assisting more than 990,000 households.
  • Given these uncertainties, we caution you not to place undue reliance on forward-looking statements.

Greystone Provides $25 Million in Supplemental Fannie Mae DUS® Financing for Two Multifamily Properties in Phoenix, AZ

Retrieved on: 
Thursday, July 29, 2021
Mortgage industry of the United States, Fannie Mae, Fannie, Economy of the United States, Companies, Mortgage, Financial services in the United States

NEW YORK, July 29, 2021 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, has provided a total of $24,850,000 in Fannie Mae Delegated Underwriting and Servicing (DUS) loans as supplemental financing for two multifamily properties in Phoenix, AZ.

Key Points: 
  • NEW YORK, July 29, 2021 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, has provided a total of $24,850,000 in Fannie Mae Delegated Underwriting and Servicing (DUS) loans as supplemental financing for two multifamily properties in Phoenix, AZ.
  • The first property, a 461-unit complex, received $10,400,000 in Fannie Mae coterminous supplemental financing from Greystone.
  • The second property, a 548-unit complex, received $14,450,000 in coterminous supplemental Fannie Mae financing from Greystone.
  • Greystone is a Top 10 Fannie Mae lender, and we are thrilled to have helped our repeat client deepen their relationship with Fannie Mae as a borrower with this supplemental financing, said Mr. Spaeth.

Greystone Provides $20.4 Million in Bridge Financing for North Carolina Multifamily Acquisition

Retrieved on: 
Thursday, July 29, 2021
Fannie Mae, Mortgage industry of the United States, Greystone, Cornwall, Economy of the United States, Companies

NEW YORK, July 29, 2021 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, has provided a $20,400,000 bridge loan for the acquisition of a multifamily property in Greensboro, North Carolina.

Key Points: 
  • NEW YORK, July 29, 2021 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, has provided a $20,400,000 bridge loan for the acquisition of a multifamily property in Greensboro, North Carolina.
  • The property, acquired for $24,500,000, is secured by a Greystone bridge loan that includes a 30-month term with one six-month extension, with the intention for a permanent take-out via Fannie Mae financing with Greystone.
  • We are thrilled to have helped our repeat client with an acquisition loan in continuing to build their multifamily portfolio, said Mr. Sacks.
  • Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates.