Fannie Mae

Fannie Mae Announces Scheduled Release of Third Quarter 2021 Financial Results

Monday, October 25, 2021 - 5:00pm

WASHINGTON, Oct. 25, 2021 /PRNewswire/ --Fannie Mae (OTCQB: FNMA) today announced plans to report its third quarter 2021 financial results on Friday morning, October 29, 2021, before the opening of U.S. financial markets.

Key Points: 
  • WASHINGTON, Oct. 25, 2021 /PRNewswire/ --Fannie Mae (OTCQB: FNMA) today announced plans to report its third quarter 2021 financial results on Friday morning, October 29, 2021, before the opening of U.S. financial markets.
  • Fannie Mae will host a conference call to discuss the company's results at 8:00 a.m., ET, on October 29, 2021.
  • The company's third quarter 2021 earnings news release, quarterly report on Form 10-Q, and other supplemental information will be available on the company's Quarterly & Annual Results webpage at fanniemae.com/financialresults .
  • A transcript of the call also will be made available on the page.

Arbor Realty Trust Schedules Third Quarter 2021 Earnings Conference Call

Friday, October 22, 2021 - 9:10pm

UNIONDALE, N.Y., Oct. 22, 2021 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (NYSE: ABR), today announced that it is scheduled to release third quarter 2021 financial results before the market opens on Friday, October 29, 2021.

Key Points: 
  • UNIONDALE, N.Y., Oct. 22, 2021 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (NYSE: ABR), today announced that it is scheduled to release third quarter 2021 financial results before the market opens on Friday, October 29, 2021.
  • The Company will host a conference call to review the results at 10:00 a.m. Eastern Time on October 29, 2021.
  • A live webcast and replay of the conference call will be available at http://www.arbor.com in the investor relations section of the Companys website.
  • Arbor Realty Trust, Inc. (NYSE: ABR ) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, and other diverse commercial real estate assets.

Greystone Ranks as #1 Commercial Lender for HUD’s 2021 Fiscal Year

Friday, October 22, 2021 - 5:05pm

NEW YORK, Oct. 22, 2021 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance firm, announced it ranks #1 based on dollar volume of multifamily and healthcare Firm Commitments issued by the U.S. Department of Housing and Urban Development (HUD) for the agency’s 2021 fiscal year ending September 30, 2021. During this period, Greystone originated and obtained Firm Commitments for 243 HUD-insured loans totaling $4.43 billion, representing 12.61% overall market share – the largest of all commercial lenders – for HUD-insured multifamily and healthcare loans.

Key Points: 
  • NEW YORK, Oct. 22, 2021 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance firm, announced it ranks #1 based on dollar volume of multifamily and healthcare Firm Commitments issued by the U.S. Department of Housing and Urban Development (HUD) for the agencys 2021 fiscal year ending September 30, 2021.
  • During this period, Greystone originated and obtained Firm Commitments for 243 HUD-insured loans totaling $4.43 billion, representing 12.61% overall market share the largest of all commercial lenders for HUD-insured multifamily and healthcare loans.
  • In total, Greystones HUD production represents a 27% increase year-over-year, signifying that the firms best-in-class execution sets an example for the industry.
  • Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates.

Fannie Mae Priced $736 Million Multifamily DUS REMIC (FNA 2021-M19) Under Its GeMS Program

Friday, October 22, 2021 - 2:30pm

WASHINGTON, Oct. 22, 2021 /PRNewswire/ --Fannie Mae (OTCQB: FNMA) priced a $736 million Multifamily DUS REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on October 19, 2021.

Key Points: 
  • WASHINGTON, Oct. 22, 2021 /PRNewswire/ --Fannie Mae (OTCQB: FNMA) priced a $736 million Multifamily DUS REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on October 19, 2021.
  • FNA 2021-M19 marks the eleventh Fannie Mae GeMS issuance of 2021.
  • "The deal featured more than $730 million in 10-year, call-protected collateral with a weighted average 2.08 debt service coverage ratio (DSCR) representative of the quality of our overall production."
  • All classes of FNA 2021-M19 are guaranteed by Fannie Mae with respect to the full and timely payment of interest and principal.

New Coalition of Leading Affordable Housing Advocates Appeals for Meaningful GSE Duty-to Serve Plans

Thursday, October 21, 2021 - 3:38pm

The Duty to Serve regulation requires Fannie Mae and Freddie Mac to facilitate housing opportunities in three areas: manufactured housing, affordable housing preservation, and rural housing.

Key Points: 
  • The Duty to Serve regulation requires Fannie Mae and Freddie Mac to facilitate housing opportunities in three areas: manufactured housing, affordable housing preservation, and rural housing.
  • In May, under the prior FHFA Director, the Enterprises submitted mandatory three-year plans for how they will comply.
  • In addition, the coalition supports FHFA's new initiative requiring Fannie Mae and Freddie Mac to create plans to reduce racial or ethnic homeownership gaps and reinvest in formerly redlined neighborhoods.
  • Along with advocating for stronger plans and regulations, the coalition will use a new tracking tool to closely monitor the performance of Fannie Mae and Freddie Mac related to Duty to Serve and racial equity.

Globee® Awards Announces Winners in the 8th Annual 2021 International Best in Business Awards

Wednesday, October 20, 2021 - 4:00pm

SAN FRANCISCO, Oct. 20, 2021 /PRNewswire-PRWeb/ -- The Globee Awards organizer of the world's premier business awards programs and business ranking lists has announced the Grand, Gold, Silver, and Bronze winners in the 8th Annual 2021 International Best in Business Awards.

Key Points: 
  • SAN FRANCISCO, Oct. 20, 2021 /PRNewswire-PRWeb/ -- The Globee Awards organizer of the world's premier business awards programs and business ranking lists has announced the Grand, Gold, Silver, and Bronze winners in the 8th Annual 2021 International Best in Business Awards.
  • This annual awards program celebrates the individuals and teams who set industry benchmarks for excellence.
  • Winners of Grand GLOBEE International Best in Business Awards include HALKBANK, IBM, Makers Nutrition, Pan American Energy, and Viettel Cambodia Pte.
  • Winners of one or more Gold GLOBEE International Best in Business Awards include NewAge, Inc., Pan American Energy, Emirates Central Cooling Systems Corporation (EMPOWER), Fannie Mae, New Heights Educational Group, IRONSCALES, Avalance Global Solutions, Commerzbank AG, IPification, Whatfix, BridgeComm, Inc., Viettel Cambodia Pte.

Cushman & Wakefield Enters into Strategic Joint Venture with Greystone’s Leading Multifamily Agency Lending & Servicing Platform

Wednesday, October 20, 2021 - 1:00pm

Under the terms of the agreement, Cushman & Wakefield will make a strategic investment of $500 million to acquire a 40% stake in Greystones Agency, FHA and Servicing businesses.

Key Points: 
  • Under the terms of the agreement, Cushman & Wakefield will make a strategic investment of $500 million to acquire a 40% stake in Greystones Agency, FHA and Servicing businesses.
  • These investments enable Cushman & Wakefield to provide a complete set of services and expertise throughout every stage of investment in multifamily assets.
  • Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners.
  • Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries.

Second-Home Demand Jumps in September, Bouncing Back After Summer Slowdown

Wednesday, October 20, 2021 - 1:00pm

The popularity of vacation homes skyrocketed at the onset of the coronavirus pandemic, with many well-off Americans opting to leave city-life behind and work remotely.

Key Points: 
  • The popularity of vacation homes skyrocketed at the onset of the coronavirus pandemic, with many well-off Americans opting to leave city-life behind and work remotely.
  • A new rule from Fannie Mae probably also contributed to the slowdown in vacation-home demand, according to Redfin Deputy Chief Economist Taylor Marr.
  • "The market may have overreacted to the Fannie Mae rule a bit, which would explain why we've been seeing demand for second homes bounce back," Marr said.
  • This will likely help keep demand for second homes above pre-pandemic levels for the foreseeable future, Marr said.

Truework Becomes Authorized Report Supplier for Fannie Mae's DU® Validation Service

Wednesday, October 20, 2021 - 1:00pm

SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ --Truework, the one-stop income verification API, today announced it is now an authorized report supplier of income and employment verification reports for Fannie Mae's Desktop Underwriter (DU) validation service.

Key Points: 
  • SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ --Truework, the one-stop income verification API, today announced it is now an authorized report supplier of income and employment verification reports for Fannie Mae's Desktop Underwriter (DU) validation service.
  • "Receiving approval as an authorized report supplier for Fannie Mae's DU validation service solidifies our commitment to better serve the mortgage industry and help consumers across the country close home loans faster," said Ryan Sandler, CEO and co-founder of Truework.
  • Becoming an authorized report supplier for Fannie Mae's DU validation service is the latest step Truework has taken to add confidence and efficiency to the verification process for mortgage lenders.
  • To learn more about Truework becoming an authorized report supplier for Fannie Mae's DU validation service, visit https://www.truework.com/blog/announcements/posts/2021-10-20-day-1-certa...
    Truework is an API-enabled platform for employment and income verification that lets banks, lenders and background check providers verify any U.S. employee.

Fannie Mae Prices $1.2 Billion Connecticut Avenue Securities (CAS) REMIC Deal

Tuesday, October 19, 2021 - 9:01pm

To promote transparency and to help investors evaluate our securities, Fannie Mae provides ongoing, robust disclosure data to help credit investors evaluate the program, as well as access to news, resources, and analytics through its credit risk transfer webpages .

Key Points: 
  • To promote transparency and to help investors evaluate our securities, Fannie Mae provides ongoing, robust disclosure data to help credit investors evaluate the program, as well as access to news, resources, and analytics through its credit risk transfer webpages .
  • In addition to our flagship CAS program, Fannie Mae continues to reduce risk to taxpayers through its Credit Insurance Risk Transfer(CIRT) reinsurance program.
  • The amount of periodic principal and ultimate principal paid by Fannie Mae is determined by the performance of a large and diverse reference pool.
  • Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of people in America.