Freddie Mac

New year, same story for New York State housing to start 2024

Retrieved on: 
Thursday, February 22, 2024
Empire, Empire State, National Association, Sale, Ethics, Freddie Mac

ALBANY, N.Y., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Low housing inventory continued to slow the New York housing market and with interest rates still fluctuating near 6.5 percent, 2024 began much the same as 2023 ended in the Empire State, according to the housing report released today by the New York State Association of REALTORS®.

Key Points: 
  • ALBANY, N.Y., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Low housing inventory continued to slow the New York housing market and with interest rates still fluctuating near 6.5 percent, 2024 began much the same as 2023 ended in the Empire State, according to the housing report released today by the New York State Association of REALTORS®.
  • Inventory of homes for sale across New York dipped 10.2 percent in January – from 39,544 homes available in 2023 to 35,492 units on the market in 2024.
  • The New York State Association of REALTORS® is a not-for-profit trade organization representing more than 63,000 of New York State’s real estate professionals.
  • These REALTORS® are also members of the New York State Association of REALTORS® as well as their local board or association of REALTORS®.

Greystone Provides $39 Million in Freddie Mac Permanent Financing Towards New Affordable Housing Development in Tysons Corner, Virginia

Retrieved on: 
Wednesday, February 21, 2024
Subject, Community development, Spring Hill station, Exchange, Housing authority, AMI, Energy efficiency, TEL, Bank of America, Housing, Freddie Mac, Forward, APAH

The financing was originated by Pharrah Jackson, Vice President at Greystone, on behalf of non-profit housing developer Arlington Partnership for Affordable Housing (APAH).

Key Points: 
  • The financing was originated by Pharrah Jackson, Vice President at Greystone, on behalf of non-profit housing developer Arlington Partnership for Affordable Housing (APAH).
  • The Freddie Mac Forward commitment financing includes a 48-month construction period with a 17-year permanent loan term.
  • “Having partners like Greystone is fundamental to securing the critical financing needed to make a project of this magnitude possible.
  • “We are thrilled to play a role as the permanent lender with Freddie Mac’s Forward TEL program, which has been truly transformative in the affordable housing construction space.

KBRA Assigns Preliminary Ratings to Freddie Mac’s STACR 2024-HQA1

Retrieved on: 
Thursday, March 7, 2024
Professional Services, Finance, Note, LTV, Documentation, REMIC, Trust, Freddie Mac, DTI, Royal, KBRA, CLTV, Telescopic sight

KBRA assigns preliminary ratings to 24 classes from Freddie Mac Structured Agency Credit Risk (STACR®) REMIC 2024-HQA1 Notes, Freddie Mac STACR REMIC Trust 2024-HQA1 (STACR 2024-HQA1), a credit risk sharing transaction with a total note offering of $712,000,000.

Key Points: 
  • KBRA assigns preliminary ratings to 24 classes from Freddie Mac Structured Agency Credit Risk (STACR®) REMIC 2024-HQA1 Notes, Freddie Mac STACR REMIC Trust 2024-HQA1 (STACR 2024-HQA1), a credit risk sharing transaction with a total note offering of $712,000,000.
  • STACR 2024-HQA1 features loans with loan-to value (LTV) ratios greater than 80%, but less than or equal to 97%.
  • The Offered Notes represent obligations of the STACR 2024-HQA1 Trust in a credit-linked note structure governed by a credit protection agreement between the trust and Freddie Mac, with payments subject to the credit and principal payment risks of the STACR 2024-HQA1 Reference Pool.
  • The STACR 2024-HQA1 Reference Pool consists of 69,295 residential mortgage loans with an outstanding principal balance of approximately $23.1 billion as of the cut-off date.

KBRA Releases Monthly CMBS Trend Watch

Retrieved on: 
Monday, March 4, 2024
Banking, Professional Services, Finance, CRE, CLO, Research, CMBS, KBRA, Publication, YTD, Freddie Mac, Cryptocurrency

KBRA releases the February 2024 issue of CMBS Trend Watch.

Key Points: 
  • KBRA releases the February 2024 issue of CMBS Trend Watch.
  • Single-borrower (SB) deal activity experienced a strong uptick in February with six deals priced compared to two last month.
  • U.S. CMBS conduit issuance, which was relatively robust in January with four deals priced, quietened down in February.
  • Private label CMBS issuance totaled $8.8 billion year-to-date (YTD) 2024, more than doubling the $4 billion seen in the first two months of 2023.

Regan Capital Launches the Regan Floating Rate MBS ETF (NYSE: MBSF)

Retrieved on: 
Wednesday, February 28, 2024
REIT, Finance, Professional Services, Residential Building & Real Estate, Construction & Property, Fannie Mae, OTC, Rate, Cantor Fitzgerald, Mortgage-backed security, Index, Government, Federal Reserve, Agency, ETF, Risk, Federal, Freddie Mac, Capital, Treasury, RMBS, Security (finance)

Regan Capital , an investment firm with $1.3 billion in assets under management, today announced the launch of the Regan Floating Rate MBS ETF (NYSE: MBSF), an actively managed exchange-traded fund that invests primarily in floating rate Agency Residential Mortgage-Backed Securities (RMBS).

Key Points: 
  • Regan Capital , an investment firm with $1.3 billion in assets under management, today announced the launch of the Regan Floating Rate MBS ETF (NYSE: MBSF), an actively managed exchange-traded fund that invests primarily in floating rate Agency Residential Mortgage-Backed Securities (RMBS).
  • MBSF can also act as a cash alternative to money market funds, due to its high yield and liquidity.
  • As a result, MBSF can perform in a variety of interest rate environments, and we believe it is interest rate neutral.
  • In 2020, Regan Capital launched the Regan Total Return Income Fund (RCIRX), a mutual fund which invests across the fixed income market with a focus on mortgage bonds.

Miami-Dade County Total Home Sales, Total Dollar Volume Rise

Retrieved on: 
Thursday, February 22, 2024
Total, MLS, Partnership, News, Sale, Multiple listing service, Fed, Human back, Freddie Mac, NAR, REO, Statistics, State, Housing, Property management

MIAMI, Feb. 22, 2024 /PRNewswire-PRWeb/ -- Miami-Dade County total home sales and total dollar volume rose year-over-year as South Florida real estate continues to outpace the nation even as mortgage rates return to the 7% range, according to January 2024 statistics released by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Key Points: 
  • Miami-Dade total home sales increased 0.9% and total dollar volume jumped 19% year-over-year in January 2024.
  • The statistics would be much stronger if they included South Florida's robust developer new construction market and volume.
  • Miami total new listings increased 21.7% year-over-year in January 2024, from 3,257 to 3,963.
  • Miami total dollar volume totaled $1.3 billion in January 2024.

Colonial Savings, F.A. Receives Freddie Mac Gold SHARP℠ Award

Retrieved on: 
Wednesday, February 21, 2024
Freddie Mac, Silver, Risk management, Gold, F.A

FORT WORTH, Texas, Feb. 21, 2024 /PRNewswire/ -- Colonial Savings, F.A., a leading financial institution dedicated to providing exemplary banking and mortgage services, has been awarded a Gold Freddie Mac Servicer Honors and Rewards Program (SHARP℠) Award for its outstanding performance throughout the 2023 calendar year.

Key Points: 
  • FORT WORTH, Texas, Feb. 21, 2024 /PRNewswire/ -- Colonial Savings, F.A., a leading financial institution dedicated to providing exemplary banking and mortgage services, has been awarded a Gold Freddie Mac Servicer Honors and Rewards Program (SHARP℠) Award for its outstanding performance throughout the 2023 calendar year.
  • Freddie Mac's SHARP Award annually recognizes mortgage loan Servicers for quality servicing, risk management and sustainable homeownership resulting in superior portfolio performance.
  • "We are thrilled and honored to receive the Gold Freddie Mac SHARP Award for our performance in 2023," said Tim Neer, SVP/Director of Loan Servicing.
  • 's exceptional performance in the category designated for Freddie Mac clients who service between 20,000 and 74,999 Freddie Mac mortgages throughout the 2023 calendar year.

Guaranteed Rate Doubles Down on Commitment to Housing Affordability with HomeReady and Home Possible

Retrieved on: 
Thursday, February 15, 2024
Senior, AMI, Fannie Mae, Rate, Housing, Guaranteed Rate, Enterprise Products, Freddie Mac, Insurance, Renewable energy

CHICAGO, Feb. 15, 2024 /PRNewswire/ -- Guaranteed Rate is expanding its Fannie Mae and Freddie Mac-backed mortgage product, further demonstrating its proven commitment to supporting housing affordability.

Key Points: 
  • The HomeReady and Home Possible mortgage grant programs offer a $2,500 non-repayable grant.
  • The metric is widely considered a key benchmark for qualifying borrowers targeted by housing affordability programs.
  • "We've said repeatedly that Guaranteed Rate is all-in when it comes to supporting the dream of responsible homeownership across the homebuying spectrum," said Amor.
  • "Offerings like OneDown demonstrate our continued support towards the communities we serve, and our deep commitment to affordable housing."

Mortgage Rates Rise

Retrieved on: 
Thursday, February 15, 2024
OTCQB, Freddy, FRM, Consumer, Housing, FMCC, Freddie Mac, Real estate

MCLEAN, Va., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.77 percent.

Key Points: 
  • MCLEAN, Va., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.77 percent.
  • "On the heels of consumer prices rising more than expected, mortgage rates increased this week,” said Sam Khater, Freddie Mac’s Chief Economist.
  • “The economy has been performing well so far this year and rates may stay higher for longer, potentially slowing the spring homebuying season.
  • According to our data, mortgage applications to buy a home so far in 2024 are down in more than half of all states compared to a year earlier.”
    The 30-year FRM averaged 6.77 percent as of February 15, 2024, up from last week when it averaged 6.64 percent.

EDM Council Launches Data Excellence Program

Retrieved on: 
Wednesday, February 14, 2024
BT Group, Education, Culture, Data management, Organization, Freddie Mac, Information architecture, Management

NEW YORK, Feb. 14, 2024 /PRNewswire/ -- The EDM Council has introduced the Data Excellence Program in response to the growing need for standardized measurement and recognition of data management excellence at the organizational level.

Key Points: 
  • NEW YORK, Feb. 14, 2024 /PRNewswire/ -- The EDM Council has introduced the Data Excellence Program in response to the growing need for standardized measurement and recognition of data management excellence at the organizational level.
  • "The EDM Council is thrilled to launch the Data Excellence Program with our members, fostering a community of organizations dedicated to unlocking the full value of their data assets," said John Bottega, President, EDM Council.
  • Key elements of the Data Excellence Program include:
    Founding members of the Data Excellence Program include both participating companies and Certified Partners, who are authorized by the EDM Council to support members in achieving the program criteria:
    "We are honored to be one of the founders of the Data Excellence Program, the first-of-its-kind, global initiative acknowledging those organizations who are making an ongoing commitment to achieving best practices across their data functions," said Ben Clinch, Head of Information Architecture, BT Group.
  • "As a founding member of the EDM Council's Data Excellence Program, we look forward to meaningfully contributing to this area globally, and continuing to cultivate world-class data excellence in our Freddie Mac teams and throughout the industry."