Mortgage industry of the United States

Fannie Mae Priced $802 Million Multifamily DUS REMIC (FNA 2021-M17) Under Its GeMS Program

Retrieved on: 
Thursday, July 22, 2021
Mortgage industry of the United States, Fannie Mae, Economy of the United States, Real estate mortgage investment conduit, Fannie, Companies, Financial services in the United States

WASHINGTON, July 22, 2021 /PRNewswire/ --Fannie Mae (OTCQB: FNMA) priced an $802 million Multifamily DUS REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on July 21, 2021.

Key Points: 
  • WASHINGTON, July 22, 2021 /PRNewswire/ --Fannie Mae (OTCQB: FNMA) priced an $802 million Multifamily DUS REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on July 21, 2021.
  • FNA 2021-M17 marks the eighth Fannie Mae GeMS issuance of 2021.
  • "We were grateful that market participants were able to focus on our July GeMS deal, the M17, given the rate volatility this week," said Dan Dresser, Senior Vice President, Multifamily Capital Markets & Pricing.
  • All classes of FNA 2021-M17 are guaranteed by Fannie Mae with respect to the full and timely payment of interest and principal.

ARMOUR Residential REIT, Inc. Second Quarter 2021 Webcast Scheduled for July 23, 2021

Retrieved on: 
Wednesday, July 21, 2021
Structured finance, United States housing bubble, Real estate investment trust, Mortgage loan, Mortgage-backed security, Finance, Subprime mortgage crisis, Money, Mortgage industry of the United States, Economy

VERO BEACH, Florida, July 21, 2021 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (ARMOUR or the Company) announced today that it will provide an online, real-time webcast of its conference call with equity analysts covering second quarter 2021 operating results on Friday, July 23, 2021.

Key Points: 
  • VERO BEACH, Florida, July 21, 2021 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (ARMOUR or the Company) announced today that it will provide an online, real-time webcast of its conference call with equity analysts covering second quarter 2021 operating results on Friday, July 23, 2021.
  • The Company will issue its second quarter 2021 earnings release after the close of trading on Thursday, July 22, 2021.
  • ARMOUR invests exclusively in fixed rate residential, adjustable rate and hybrid adjustable rate residential mortgage-backed securities issued or guaranteed by U.S. government-sponsored enterprises or guaranteed by the Government National Mortgage Association.
  • ARMOUR is externally managed and advised by ARMOUR Capital Management LP, an investment advisor registered with the Securities and Exchange Commission (SEC).

Freddie Mac Prices Approximately $772 Million SLST Securitization

Retrieved on: 
Wednesday, July 21, 2021
Mortgage industry of the United States, Finance, United States housing bubble, Debt, Affordable housing, Freddie Mac, Money, Economy, Securitization, Structured finance

MCLEAN, Va., July 21, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced pricing of the second Seasoned Loans Structured Transaction Trust (SLST) offering of 2021a securitization of approximately $772 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned re-performing loans (RPLs).

Key Points: 
  • MCLEAN, Va., July 21, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced pricing of the second Seasoned Loans Structured Transaction Trust (SLST) offering of 2021a securitization of approximately $772 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned re-performing loans (RPLs).
  • Freddie Mac SLST Series 2021-2 includes approximately $687 million in guaranteed senior certificates and approximately $85 million in non-guaranteed subordinate certificates.
  • Additional information about the companys seasoned loan offerings can be found at:
    This announcement is not an offer to sell any Freddie Mac securities.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.

ARMOUR Residential REIT, Inc. Announces August 2021 Dividend Rate Per Common Share

Retrieved on: 
Wednesday, July 21, 2021
United States housing bubble, Real estate investment trust, Dividend, Mortgage-backed security, Mortgage industry of the United States, Corporate finance, Finance, Financial economics

In order to maintain this tax status, ARMOUR is required to timely distribute substantially all of its ordinary REIT taxable income.

Key Points: 
  • In order to maintain this tax status, ARMOUR is required to timely distribute substantially all of its ordinary REIT taxable income.
  • Dividends paid in excess of current tax earnings and profits for the year will generally not be taxable to common stockholders.
  • ARMOUR invests exclusively in fixed rate residential, adjustable rate and hybrid adjustable rate residential mortgage-backed securities issued or guaranteed by U.S.
  • ARMOUR is externally managed and advised by ARMOUR Capital Management LP, an investment advisor registered with the Securities and Exchange Commission (SEC).

Third-Party Mortgage Loan Processing Solution is Transforming the Industry

Retrieved on: 
Wednesday, July 21, 2021
Loans, Money, Finance, Mortgage broker, Economy, Mortgage loan, Mortgage industry of the United States

The first third-party mortgage processing solution with anall-in-one digital platform, wemlo allows mortgage loan originators to keep an eye on every step of the process while a dedicated team of processors does the heavy lifting.

Key Points: 
  • The first third-party mortgage processing solution with anall-in-one digital platform, wemlo allows mortgage loan originators to keep an eye on every step of the process while a dedicated team of processors does the heavy lifting.
  • "The wemlo dashboard is extremely user-friendly and a great visual through the entire loan process," says Marcy Downey, a mortgage loan originator at Motto Mortgage Signature Plus in Florida.
  • Bill Mullan, a Pennsylvania-based mortgage loan originator, sends about 90% of his loan files to wemlo for processing.
  • Wemlo ,SM NMLS #1853218, is a technology-focused mortgage loan processing startup that is reshaping the mortgage broker channel.

Freddie Mac Prices $869 Million Multifamily K-Deal, K-F117

Retrieved on: 
Tuesday, July 20, 2021
Mortgage industry of the United States, Finance, Mortgage-backed security, United States housing bubble, Money, Financial markets, Structured finance, Affordable housing, Freddie Mac, Mortgage loan, Fannie Mae

MCLEAN, Va., July 20, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates (K Certificates), which includes a class of floating rate bonds indexed to the Secured Overnight Financing Rate (SOFR). The approximately $869 million in K Certificates (K-F117 Certificates) are expected to settle on or about July 29, 2021. The K-F117 Certificates are backed by floating-rate multifamily mortgages with 10-year terms, which are SOFR-based.

Key Points: 
  • The K-F117 Certificates are backed by corresponding classes issued by the FREMF 2021-KF117 Mortgage Trust (KF117 Trust) and guaranteed by Freddie Mac.
  • Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.
  • Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.

Freddie Mac Prices $269 Million Multifamily K-Deal, K-J34

Retrieved on: 
Tuesday, July 20, 2021
Mortgage industry of the United States, Finance, Money, Financial markets, Freddie Mac, Mortgage loan, Real estate mortgage investment conduit, Mortgage-backed security

MCLEAN, Va., July 20, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates) which are backed by underlying collateral consisting of supplemental multifamily mortgages. The company expects to issue approximately $269 million in K Certificates (K-J34 Certificates), which are expected to settle on or about July 29, 2021.

Key Points: 
  • The K-J34 Certificates are backed by corresponding classes issued by the FREMF 2021-KJ34 Mortgage Trust (KJ34 Trust) and guaranteed by Freddie Mac.
  • Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities.
  • This announcement is not an offer to sell any Freddie Mac securities.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.

Hancock Whitney and FHLB Dallas Award More Than $28K to Three Nonprofits

Retrieved on: 
Tuesday, July 20, 2021
Professional services, Philanthropy, Other Philanthropy, Finance, Foundation, Banking, Federal Home Loan Banks, Mortgage industry of the United States, Whitney, PGP, Dallas, Cities in the United States, Hancock Whitney, the Federal Home Loan Bank of Dallas, HANCOCK WHITNEY, THE FEDERAL HOME LOAN BANK OF DALLAS

Hancock Whitney and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded $28,000 in Partnership Grant Program (PGP) funds to three community-based organizations (CBOs) located in the Houston, Texas, metro area.

Key Points: 
  • Hancock Whitney and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded $28,000 in Partnership Grant Program (PGP) funds to three community-based organizations (CBOs) located in the Houston, Texas, metro area.
  • Hancock Whitney is honored to partner with FHLB Dallas to help these three incredible community organizations, said Hancock Whitney Assistant Vice President and Community Development Officer LaCarsha Babers.
  • Through PGP, Hancock Whitney and FHLB Dallas assist in community involvement and investment, said Greg Hettrick, first vice president and director of Community Investment at FHLB Dallas.
  • For more information about the 2021 PGP grants and other FHLB Dallas community investment products and programs, please visit fhlb.com/pgp .

People Believe Online Lenders are Less Discriminatory Against Applicants Due to Race or Ethnicity, According to New Survey Data

Retrieved on: 
Tuesday, July 20, 2021
Money, Finance, Economy, Credit, Loans, Mortgage industry of the United States, Discrimination, Urban politics in the United States, Payday loan

ARLINGTON, Va., July 20, 2021 /PRNewswire/ -- According to new data from a survey conducted by Morning Consult on behalf of the Online Lenders Alliance (OLA), black and Hispanic adults are significantly less confident than other adults in their ability to get credit from traditional financial institutions. As a result, many hesitate to even apply for credit. However, these same consumers believe that online lenders are less discriminatory against applicants due to race or ethnicity than other lenders.

Key Points: 
  • However, these same consumers believe that online lenders are less discriminatory against applicants due to race or ethnicity than other lenders.
  • "According to this new survey data, less than half of black and Hispanic adults feel confident in their ability to get any credit they needed in 2021," said Andrew Duke, Executive Director of the Online Lenders Alliance.
  • "Online loans are not only an essential option for millions of consumers, they believe they face less discrimination with online lenders than with other lenders.," Duke continued.
  • All adults (but particularly African Americans) felt that online lenders were less discriminatory against applicants.

Black Knight Announces Underwriter Assist Digital Solution, Leverages Machine-Learning Tools From AWS

Retrieved on: 
Tuesday, July 20, 2021
Loans, Finance, Money, Mortgage industry of the United States, Economy, Loan origination, Underwriting, Mortgage loan, Black Knight, Business process management

Underwriter Assist improves operational efficiency and productivity by automating many "stare and compare" tasks traditionally involved in underwriting, a critical component of the loan origination process.

Key Points: 
  • Underwriter Assist improves operational efficiency and productivity by automating many "stare and compare" tasks traditionally involved in underwriting, a critical component of the loan origination process.
  • "We've been collaborating with AWS since 2018, leveraging its robust services as we continue to innovate comprehensive solutions for the mortgage industry," said Rich Gagliano, president, Black Knight Origination Technologies.
  • As a result, Underwriter Assist is able to deliver exceptionally high levels of automation to help address the underwriting quality and productivity problems facing lenders today."
  • Black Knight has applied mortgage-specific technology, intellectual property and expertise to AWS services to create complete solutions for the industry.