Freddie Mac

Betterworks Wins 2 Comparably Best Places to Work Awards for Best Company Culture and CEO

Retrieved on: 
Wednesday, December 14, 2022

MENLO PARK, Calif., Dec. 14, 2022 /PRNewswire-PRWeb/ -- Betterworks, the leader in modern performance management software, was selected for two 2022 Comparably Workplace Culture Awards, making the top lists for "Best Company Culture" and "Best CEO." These awards come after being named to Comparably's Top 100 organizations for "Happiest Employees," "Best Companies for Compensation," and "Best Companies for Work-Life Balance" in October.

Key Points: 
  • Betterworks, the leader in modern performance management software, was selected for two 2022 Comparably Workplace Culture Awards, making the top lists for "Best Company Culture" and "Best CEO."
  • MENLO PARK, Calif., Dec. 14, 2022 /PRNewswire-PRWeb/ -- Betterworks, the leader in modern performance management software, was selected for two 2022 Comparably Workplace Culture Awards, making the top lists for "Best Company Culture" and "Best CEO."
  • These awards come after being named to Comparably's Top 100 organizations for "Happiest Employees," "Best Companies for Compensation," and "Best Companies for Work-Life Balance" in October.
  • "Our company is committed to creating a workplace culture that improves our employees' quality of life," said Betterworks CEO Doug Dennerline.

PennyMac Mortgage Investment Trust Declares Fourth Quarter 2022 Dividend for Its Common Shares

Retrieved on: 
Wednesday, December 7, 2022

PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees declared a cash dividend of $0.40 per common share of beneficial interest for the fourth quarter of 2022.

Key Points: 
  • PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees declared a cash dividend of $0.40 per common share of beneficial interest for the fourth quarter of 2022.
  • This dividend will be paid on January 27, 2023, to common shareholders of record as of December 30, 2022.
  • PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets.
  • Additional information about PennyMac Mortgage Investment Trust is available at www.PennyMac-REIT.com .

CrossCountry Mortgage Expands Product Portfolio in 2022 to Meet Market Needs

Retrieved on: 
Tuesday, December 13, 2022

CLEVELAND, Dec. 13, 2022 /PRNewswire/ -- CrossCountry Mortgage(CCM), a top five retail mortgage lender, used 2022 to invest in new products and programs to meet emerging needs.

Key Points: 
  • CLEVELAND, Dec. 13, 2022 /PRNewswire/ -- CrossCountry Mortgage(CCM), a top five retail mortgage lender, used 2022 to invest in new products and programs to meet emerging needs.
  • "At CCM, we've always responded to market changes and trends with financing solutions to meet the needs of our borrowers, and 2022 was no exception," said Jenn Stracensky, CCM Chief Operating Officer.
  • **CrossCountry Mortgage cannot guarantee that an applicant will be approved or that a closing can occur within a specific timeframe.
  • CrossCountry Mortgage (CCM) is one of the nation's largest retail mortgage lenders, with more than 8,000 employees operating nearly 600 branches across all 50 states.

Betterworks Wins Silver for Best Advance in Performance Management Technology from Brandon Hall Group

Retrieved on: 
Tuesday, December 13, 2022

MENLO PARK, Calif., Dec. 13, 2022 /PRNewswire-PRWeb/ -- Betterworks, the leader in modern performance management software, was awarded a 2022 Brandon Hall Group Technology Excellence Silver Award for Best Advance in Performance Management Technology. Betterworks develops best-in-class performance management solutions that enable exceptional results and put employee experience at the heart of how companies align, motivate, retain, and develop their people. Unlike monolithic legacy HR technology, Betterworks' lightweight and enterprise-ready SaaS solutions for check-ins, feedback, employee engagement, and recognition are built to scale for businesses of all sizes.

Key Points: 
  • MENLO PARK, Calif., Dec. 13, 2022 /PRNewswire-PRWeb/ -- Betterworks, the leader in modern performance management software, was awarded a 2022 Brandon Hall Group Technology Excellence Silver Award for Best Advance in Performance Management Technology.
  • "In contrast, our customers love Betterworks because the technology has made performance management something that employees embrace and that truly moves the needle on employee engagement and performance.
  • Brandon Hall Group operates the largest and longest running awards program in Human Capital Management.
  • Brandon Hall Group has also launched professional certifications for business and human capital management professionals to upskill themselves and gain credentials for career advancement.

CAF Cos. & Goldman Sachs Asset Management Acquire 8 DFW Apartment Communities

Retrieved on: 
Monday, December 5, 2022

The Obsidian portfolio was acquired by CAF in partnership with the Urban Investment Group within Goldman Sachs Asset Management (Goldman Sachs).

Key Points: 
  • The Obsidian portfolio was acquired by CAF in partnership with the Urban Investment Group within Goldman Sachs Asset Management (Goldman Sachs).
  • With this acquisition, CAF and Goldman Sachs jointly own 3,800 units throughout metropolitan Texas, bringing CAFs Impact + Housing platform to upwards of 6,000 units.
  • Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance.
  • Goldman Sachs Asset Management invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate and infrastructure.

Milliman analysis: Rising interest rates, lower refinance activity contribute to growing mortgage default risk in 2022 Q3

Retrieved on: 
Friday, December 2, 2022

SEATTLE, Dec. 2, 2022 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today announced the third quarter (Q3) 2022 results of the Milliman Mortgage Default Index (MMDI), which shows the latest monthly estimate of the lifetime default risk of U.S.-backed mortgages.

Key Points: 
  • This means that for mortgage loans originating in Q3, the expectation is that 3.54% will become delinquent (180 days or more) over their lifetimes.
  • Rising interest rates during Q3 had a large impact on the mortgage market, with a 62% drop in mortgage originations year over year.
  • For both purchase and refinance loans, increased economic risk due to an expected slowdown in home price growth is also driving the rise in default risk.
  • That, plus increasing economic risk associated with an expected slowdown in home price growth, are contributing to the increased mortgage default risk we're seeing."

InterLinc Mortgage Partners with Feeding America for Virtual Food Drive and Volunteer Opportunities

Retrieved on: 
Thursday, December 1, 2022

HOUSTON, Dec. 1, 2022 /PRNewswire-PRWeb/ -- Houston-based lender, InterLinc Mortgage, is excited to partner with Feeding America for their first-ever companywide fundraiser to celebrate the season of giving back. Beginning today, December 1st, this fundraiser will encompass online giving and local food bank volunteer opportunities as well as a grant from the InterLinc Family Foundation, a 501(c)(3) that focuses on assisting nonprofit organizations making spiritual and physical impacts in the communities where InterLinc Mortgage conducts business.

Key Points: 
  • InterLinc Mortgage is partnering with Feeding America for a virtual fundraiser starting today, December 1st.
  • HOUSTON, Dec. 1, 2022 /PRNewswire-PRWeb/ -- Houston-based lender, InterLinc Mortgage, is excited to partner with Feeding America for their first-ever companywide fundraiser to celebrate the season of giving back.
  • We always welcome opportunities to get involved in our communities and make a difference," said President & CEO of InterLinc Mortgage and InterLinc Family Foundation Board Member, Gene Thompson.
  • Through a network of 200 food banks and over 60,000 food pantries and meal programs, Feeding America provides meals to over 40 million people each year.

Mortgage Rates Continue to Decrease

Retrieved on: 
Thursday, December 1, 2022

MCLEAN, Va., Dec. 01, 2022 (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 6.49 percent.

Key Points: 
  • MCLEAN, Va., Dec. 01, 2022 (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 6.49 percent.
  • Mortgage rates continued to drop this week as optimism grows around the prospect that the Federal Reserve will slow its pace of rate hikes, said Sam Khater, Freddie Macs Chief Economist.
  • Even as rates decrease and house prices soften, economic uncertainty continues to limit homebuyer demand as we enter the last month of the year.
  • 30-year fixed-rate mortgage averaged 6.49 percent as of December 1, 2022, down from last week when it averaged 6.58 percent.

 Hildene Capital Forms Strategic Relationship with CrossCountry Mortgage for Non-QM Investments  

Retrieved on: 
Thursday, December 1, 2022

Hildene Capital Management, LLC (Hildene), a $12 billion credit-focused asset manager, today announced that it has entered into a strategic relationship with CrossCountry Mortgage (CCM), one of the largest retail residential mortgage originators in the U.S., and CrossCountry Capital, LLC (CCC), a company focused on housing-related principal investments.

Key Points: 
  • Hildene Capital Management, LLC (Hildene), a $12 billion credit-focused asset manager, today announced that it has entered into a strategic relationship with CrossCountry Mortgage (CCM), one of the largest retail residential mortgage originators in the U.S., and CrossCountry Capital, LLC (CCC), a company focused on housing-related principal investments.
  • The relationship between Hildene and CrossCountry provides Hildene direct access to scalable, high credit quality Non-QM loans, and the parties the opportunity to work together to seek to securitize Non-QM loans on a programmatic basis.
  • We look forward to working with Brett, Dushyant, and the Hildene team to source and securitize attractive residential mortgage investments together in the years ahead.
  • CrossCountry Mortgage is one of the nations largest retail mortgage lenders, with more than 8,000 employees operating over 700 branches across all 50 states.

Greystone Provides $11.9 Million in Fannie Mae Financing for the Acquisition of Affordable Seniors Housing in Tavares, Florida

Retrieved on: 
Wednesday, November 30, 2022

NEW YORK, Nov. 30, 2022 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, has provided an $11,916,000 Fannie Mae Multifamily Affordable Housing (MAH) loan for the acquisition of a senior living community in Tavares, Florida.

Key Points: 
  • NEW YORK, Nov. 30, 2022 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, has provided an $11,916,000 Fannie Mae Multifamily Affordable Housing (MAH) loan for the acquisition of a senior living community in Tavares, Florida.
  • Constructed in 2006, Lake Point Senior Apartments in Lake County is a 160-unit, LIHTC, age-restricted, 3-story elevatored apartment complex.
  • Greystone has substantial multifamily lending proficiency and expertise, particularly in the affordable housing space, said Mr. King.
  • Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates.