Freddie Mac

Roy Swan to Join Freddie Mac’s Board of Directors

Retrieved on: 
Wednesday, January 17, 2024
Slate, JPMorgan Chase, Public policy, Investment, Coro (non-profit organization), Housing, Upper Manhattan, FMCC, First Boston, Freddie Mac, Morgan Stanley, Salomon Brothers, Carver Federal Savings Bank, OTCQB, Church Commissioners, -elect, Freddy, Ford Foundation, Global Impact, WarnerMedia, Cryptocurrency

MCLEAN, Va., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced the election of Roy Swan to its Board of Directors effective February 19, 2024.

Key Points: 
  • MCLEAN, Va., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced the election of Roy Swan to its Board of Directors effective February 19, 2024.
  • Swan is an executive with more than 30-years of experience in law, banking, corporate finance, public policy and investment management.
  • “Roy Swan’s experience in financial services and his work overseeing mission and community development investments established him as a major player in impact investing,” said Lance Drummond, Chair-Elect of Freddie Mac’s Board of Directors.
  • Mr. Swan is a member of the board of the Global Impact Investing Network and trustee of Parnassus Funds.

Walker & Dunlop Once Again Ranked As #1 Fannie Mae Multifamily Lender and #3 with Freddie Mac

Retrieved on: 
Monday, January 29, 2024
Commercial Building & Real Estate, Communications, Construction & Property, Public Relations, Investor Relations, Partnership, WD, Walker & Dunlop, Fannie Mae, Freddie Mac, Wood drying

Walker & Dunlop, Inc. (NYSE: WD) was recognized as the largest Fannie Mae DUS® lender by volume in 2023, making it Fannie Mae’s #1 partner, five years in a row.

Key Points: 
  • Walker & Dunlop, Inc. (NYSE: WD) was recognized as the largest Fannie Mae DUS® lender by volume in 2023, making it Fannie Mae’s #1 partner, five years in a row.
  • In addition to being Fannie Mae’s largest multifamily lending partner by volume at $6.6 billion, Walker & Dunlop was also recognized by Fannie Mae as:
    “Congratulations to our amazing team and partnership with Fannie Mae for finishing #1 for the fifth consecutive year,” said Walker & Dunlop Chairman and CEO Willy Walker .
  • In addition, W&D was recognized by Freddie Mac as:
    On a combined basis, with both Fannie Mae and Freddie Mac (the “GSEs”), Walker & Dunlop delivered $11.2 billion of loan deliveries in 2023, making it the second largest GSE lender in the country.
  • Walker continued, “It is an honor, and great credit to the Walker & Dunlop team, that we remained at the top of the league tables in 2023.

Dynex Capital, Inc. Mourns Passing of Board Member David H. Stevens

Retrieved on: 
Wednesday, January 17, 2024
Construction & Property, Professional Services, REIT, Finance, Family, Assistant, Long & Foster, Housing, Policy, Knowledge, Freddie Mac, Mortgage Bankers Association, MBA, DX, Capital, Byron Boston, Wells Fargo, Growth, Management

Dynex Capital, Inc. (NYSE: DX) (the “Company”) today announced with great sadness the passing of David H. Stevens, a member of its Board of Directors.

Key Points: 
  • Dynex Capital, Inc. (NYSE: DX) (the “Company”) today announced with great sadness the passing of David H. Stevens, a member of its Board of Directors.
  • Mr. Stevens served on the Dynex Capital Board of Directors since January 2019, and led a spectacular career in the real estate and mortgage banking industries.
  • "Dave’s knowledge, collaboration, and dedication to our Board played an integral role in our growth and success.
  • He also helped provide affordable housing opportunities for families during his time as Senior Vice President of Freddie Mac’s Single-Family Business.

M&T Realty Capital Corporation Appoints New CEO and Announces Other Organizational Changes

Retrieved on: 
Tuesday, January 23, 2024
M&T Bank, Life company, Commercial property, Partnership, RCC, CRE, Fannie Mae, Freddie Mac, Investment, Growth, Management

BALTIMORE, Jan. 23, 2024 /PRNewswire/ -- M&T Realty Capital Corporation (M&T RCC), a wholly-owned subsidiary of M&T Bank specializing in providing competitive financing nationwide for multifamily properties, commercial income properties, healthcare facilities, and other property types, announces a series of organizational changes designed to position the business for continued growth and expansion. Michael Edelman, currently serving as President, will succeed current CEO Michael Berman, who will transition to the role of Executive Advisor. Both executives will continue to report to Tim Gallagher, M&T Bank Head of Commercial Real Estate, and Berman will remain a member of M&T RCC's board.

Key Points: 
  • Michael Edelman, currently serving as President, will succeed current CEO Michael Berman, who will transition to the role of Executive Advisor.
  • "Michael Edelman's experience and leadership will be instrumental in driving our initiatives within M&T RCC," said Gallagher.
  • "I am honored to lead this team as we expand access to capital markets and grow our strategic partnerships," said Edelman.
  • For more information on M&T RCC, please visit the M&T Realty Capital Corporation website .

Fannie Mae Announces Single-Family Social Bond Framework

Retrieved on: 
Tuesday, January 23, 2024
Capital market, Social, MBS, Housing, Fannie Mae, Freddie Mac, Enterprise, Federal Housing Finance Agency, OTCQB, Investment, International Capital Market Association, Groundwork, FNMA, FHFA, Sustainalytics, Insurance

WASHINGTON, Jan. 23, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the launch of its Single-Family Social Bond Framework and updates to disclosures for the company's Single-Family mortgage-backed securities (MBS), aimed to further support access to credit and affordable housing as part of its mission and goals.

Key Points: 
  • The updated Social Bond Framework describes the Fannie Mae mortgage collateral eligible to be pooled, issued, and labeled as Single-Family "Social MBS."
  • The Fannie Mae Single-Family Social Bond Framework is being rolled out in alignment with Freddie Mac and in cooperation with the Federal Housing Finance Agency (FHFA).
  • This opinion letter acknowledges that the Social Bond Framework is credible and impactful, and aligns with the four core components of the International Capital Market Association's Social Bond Principles 2023 .
  • Information on the Social Bond Framework and Mission Index can be found on Fannie Mae's website and via our Perspectives blog : "Mission in Focus: Enhanced Disclosures Lay the Groundwork for Single-Family Social MBS."

Miami-Dade Single-Family Home Sales Increase; Miami Continues to Lead Nation in Price Appreciation

Retrieved on: 
Friday, January 19, 2024
Probability, Statistics, Total, Local, Multiple listing service, City, Partnership, State, Housing, Freddie Mac, NAR, Sale, Wane, MLS, Fed, Internal Revenue Service, CoreLogic, Average revenue per user, News, REO, Drug

MIAMI, Jan. 19, 2024 /PRNewswire-PRWeb/ -- Miami-Dade County single-family home sales rose year-over-year as Miami continues to lead the U.S. in price appreciation, according to December 2023 statistics released by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Key Points: 
  • Miami-Dade County single-family home sales rose year-over-year as Miami continues to lead the U.S. in price appreciation, according to December 2023 statistics released by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.
  • MIAMI, Jan. 19, 2024 /PRNewswire-PRWeb/ -- Miami-Dade County single-family home sales rose year-over-year as Miami continues to lead the U.S. in price appreciation, according to December 2023 statistics released by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.
  • "Miami real estate is outperforming the nation because of our unique market fundamentals," MIAMI Chairman of the Board Gus Fonte said.
  • Miami Median Price Appreciation Outperforming Nation, State
    In Florida, closed sales of single-family homes statewide totaled 18,423 in December 2023, down 3.8% year-over-year, while existing condo-townhouse sales totaled 7,202, down 6.2%.

ThoughtFocus Appoints Santhosh Ananthakrishnan as the Chief Business Officer

Retrieved on: 
Wednesday, January 17, 2024
Service, Culture, CBO, H.I.G. Capital, Tata Consultancy Services, Freddie Mac, Growth

DALLAS, Jan. 17, 2024 /PRNewswire/ -- ThoughtFocus, Inc. ("ThoughtFocus" or the "Company"), a global provider of digital services and technology-enabled digital operations focused primarily on the financial services market, is pleased to announce the appointment of Santhosh Ananthakrishnan as its new Chief Business Officer (CBO).

Key Points: 
  • DALLAS, Jan. 17, 2024 /PRNewswire/ -- ThoughtFocus, Inc. ("ThoughtFocus" or the "Company"), a global provider of digital services and technology-enabled digital operations focused primarily on the financial services market, is pleased to announce the appointment of Santhosh Ananthakrishnan as its new Chief Business Officer (CBO).
  • In his new role, Santhosh will directly report to the Chief Executive Officer, Shylesh Krishnan.
  • Given his exceptional track record in crafting digital business solutions that drive transformation, coupled with his deep expertise in strategic business growth, Santhosh is ideally poised to spearhead and expedite the growth trajectory at ThoughtFocus," said Shylesh Krishnan, CEO, ThoughtFocus.
  • Santhosh has over 25 years of experience in catalyzing substantial growth through comprehensive business technology innovation.

Greystone Provides $40.3 Million in Freddie Mac Financing for Multifamily Community in Indiana

Retrieved on: 
Tuesday, January 16, 2024
Senior, Environment, Freddie Mac

NEW YORK, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, has provided a $40.3 million Freddie Mac Optigo® loan to refinance a 432-unit multifamily property in Crown Point, Indiana.

Key Points: 
  • NEW YORK, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, has provided a $40.3 million Freddie Mac Optigo® loan to refinance a 432-unit multifamily property in Crown Point, Indiana.
  • The financing was originated by Eric Rosenstock and Dan Sacks, both Senior Managing Directors at Greystone, on behalf of Bayshore Properties.
  • The $40,309,000 non-recourse, fixed-rate Freddie Mac loan carries a 10-year term.
  • “Despite today’s more difficult financing environment, it’s gratifying to be able to provide a long-time client with continued high-touch service as they grow their multifamily portfolio,” said Mr. Rosenstock.

McKool Smith Welcomes Patent Litigator Erik Fountain Back to the Firm

Retrieved on: 
Tuesday, January 16, 2024
The Wall Street Journal, The National Law Journal, ITC, McKool Smith, IP, Multimedia, Lawyer, The Honourable, Freddie Mac, Software, District court, Intellectual property, Bankruptcy, Patent, Ericsson, Nursing

DALLAS, Jan. 16, 2024 /PRNewswire/ -- McKool Smith announced the return of highly skilled patent litigator Erik Fountain .

Key Points: 
  • DALLAS, Jan. 16, 2024 /PRNewswire/ -- McKool Smith announced the return of highly skilled patent litigator Erik Fountain .
  • "I gained invaluable experience during my years as an Associate at McKool Smith working alongside some of the country's finest attorneys and am excited to be back where I started my career," said Mr. Fountain.
  • "We look forward to welcoming Erik back to firm," said McKool Smith Managing Principal and Chairman David Sochia .
  • These courtroom successes have earned McKool Smith critical acclaim and helped the firm become what The Wall Street Journal describes as "one of the biggest law firm success stories of the past decade."

Mortgage Rates Continue to Hover in the Mid-Six Percent Range

Retrieved on: 
Thursday, January 11, 2024
Consumer, FRM, Freddy, OTCQB, Housing, FMCC, Freddie Mac, Real estate

MCLEAN, Va., Jan. 11, 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 6.66 percent.

Key Points: 
  • MCLEAN, Va., Jan. 11, 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 6.66 percent.
  • “Mortgage rates have not moved materially over the last three weeks and remain in the mid-six percent range, which has marginally increased homebuyer demand,” said Sam Khater, Freddie Mac’s Chief Economist.
  • “Even this slight uptick in demand, combined with inventory that remains tight, continues to cause prices to rise faster than incomes, meaning affordability remains a major headwind for buyers.
  • The 15-year FRM averaged 5.87 percent, down from last week when it averaged 5.89 percent.