Real estate mortgage investment conduit

Freddie Mac Prices $328 Million Multifamily K-Deal, K-J32

Friday, November 20, 2020 - 8:59pm

The K-J32 Certificates are backed by corresponding classes issued by the FREMF 2020-KJ32 Mortgage Trust (KJ32 Trust) and guaranteed by Freddie Mac.

Key Points: 
  • The K-J32 Certificates are backed by corresponding classes issued by the FREMF 2020-KJ32 Mortgage Trust (KJ32 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.

Fannie Mae Prices $783 Million Multifamily DUS REMIC (FNA 2020-M52) Under Its GeMS Program

Friday, November 13, 2020 - 5:25pm

WASHINGTON, Nov. 13, 2020 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced a $783 million Multifamily DUS REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on November 10, 2020.

Key Points: 
  • WASHINGTON, Nov. 13, 2020 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced a $783 million Multifamily DUS REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on November 10, 2020.
  • FNA 2020-M52 marks the tenth Fannie Mae GeMS issuance of 2020.
  • With one more month of issuance to go, the combined GeMS and ACES volumes have reached $26.3 billion over 50 deals.
  • All classes of FNA 2020-M52 are guaranteed by Fannie Mae with respect to the full and timely payment of interest and principal.

Freddie Mac Prices $198 Million Multifamily K-Deal, K-J31

Tuesday, October 20, 2020 - 10:14pm

The K-J31 Certificates are backed by corresponding classes issued by the FREMF 2020-KJ31 Mortgage Trust (KJ31 Trust) and guaranteed by Freddie Mac.

Key Points: 
  • The K-J31 Certificates are backed by corresponding classes issued by the FREMF 2020-KJ31 Mortgage Trust (KJ31 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.

Freddie Mac Completes First Single-Family Credit Risk Transfer Offering Indexed to SOFR

Friday, October 16, 2020 - 10:14pm

McLEAN, Va., Oct. 16, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announced today that it has priced its $1.086 billion STACR REMIC 2020-DNA5 offering, its first Single-Family credit risk transfer (CRT) offering tied to the Secured Overnight Financing Rate (SOFR).

Key Points: 
  • McLEAN, Va., Oct. 16, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announced today that it has priced its $1.086 billion STACR REMIC 2020-DNA5 offering, its first Single-Family credit risk transfer (CRT) offering tied to the Secured Overnight Financing Rate (SOFR).
  • Once term SOFR is ready and administratively feasible, Freddie Mac expects to cease new issuance using a compound average of SOFR and to solely use term SOFR.
  • Freddie Mac also retains a portion of the risk in the class M-1, M-2, B-1, and B-2 tranches.
  • Freddie Macs Single-Family CRT programs transfer credit risk away from U.S. taxpayers to global private capital via securities and (re)insurance policies.

Fannie Mae Prices $536 Million Green Multifamily DUS REMIC (FNA 2020-M46) Under Its GeMS Program

Friday, October 16, 2020 - 5:45pm

WASHINGTON, Oct. 16, 2020 /PRNewswire/ --Fannie Mae (OTCQB: FNMA) priced a $536 million Green Multifamily DUS REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on October 15, 2020.

Key Points: 
  • WASHINGTON, Oct. 16, 2020 /PRNewswire/ --Fannie Mae (OTCQB: FNMA) priced a $536 million Green Multifamily DUS REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on October 15, 2020.
  • "The M46 was the third GeMS deal of 2020 backed entirely by our Green MBS collateral," said Dan Dresser, Senior Vice President, Multifamily Capital Markets & Pricing.
  • In addition, the Fannie Mae Green Financing Business provides financing to properties holding a third-party, Fannie Mae-approved, Green Building Certification.
  • Fannie Mae introduced the Green MBS product to the market in 2012 and has issued $78.5 billion in Green MBS and $11 billion in Green GeMS since the program's inception.

STACR Trust Notes Receive NAIC Price Breakpoints

Tuesday, September 22, 2020 - 9:42pm

McLEAN, Va., Sept. 22, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that all of its STACR (Structured Agency Credit Risk) DNA Trust and HQA Trust notes have received National Association of Insurance Commissioners (NAIC) price breakpoints for the 2019 filing year.

Key Points: 
  • McLEAN, Va., Sept. 22, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that all of its STACR (Structured Agency Credit Risk) DNA Trust and HQA Trust notes have received National Association of Insurance Commissioners (NAIC) price breakpoints for the 2019 filing year.
  • Freddie Mac engaged NAIC Structured Securities Group (SSG) to evaluate STACR REMIC Trust transactions issued in 2019 and STACR Trust (DNA/HQA) transactions issued in 2018 and 2019 for year-end 2019.
  • The year-end 2019 price breakpoints for both STACR REMIC Trust transactions of 2019 and STACR Trust (DNA/HQA) transactions of 2018 and 2019 are available on our website .
  • We created the GSE Single-Family CRT market when we issued our first STACR notes in July 2013.

Fannie Mae Prices $930 Million Multifamily DUS REMIC (FNA 2020-M42) Under Its GeMS Program

Thursday, September 17, 2020 - 9:15pm

WASHINGTON, Sept. 17, 2020 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced its eighth Multifamily DUS REMIC in 2020 totaling $930.3 million under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on September 15, 2020.

Key Points: 
  • WASHINGTON, Sept. 17, 2020 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced its eighth Multifamily DUS REMIC in 2020 totaling $930.3 million under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on September 15, 2020.
  • "We were pleased to be able to wrap up the quarter with the M42 and offer the market a positively convexed option backed by DUS 10/9.5 collateral," said Dan Dresser, Senior Vice President, Multifamily Capital Markets & Pricing.
  • "In a month full of competing issuances, the M42 was able to find demand for duration and price at spreads not seen in over six years."
  • All classes of FNA 2020-M42 are guaranteed by Fannie Mae with respect to the full and timely payment of interest and principal.

New York Mortgage Trust Declares Third Quarter 2020 Common Stock Dividend of $0.075 Per Share, and Preferred Stock Dividends

Monday, September 14, 2020 - 9:05pm

New York Mortgage Trust, Inc. is a Maryland corporation that has elected to be taxed as a real estate investment trust (REIT) for federal income tax purposes.

Key Points: 
  • New York Mortgage Trust, Inc. is a Maryland corporation that has elected to be taxed as a real estate investment trust (REIT) for federal income tax purposes.
  • NYMT is an internally managed REIT in the business of acquiring, investing in, financing and managing primarily mortgage-related single-family and multi-family residential assets.
  • Statements regarding the following subject, among others, may be forward-looking: the payment of dividends.
  • New risks and uncertainties arise over time and it is not possible to predict those events or how they may affect the Company.

STACR Trust Notes Receive NAIC Price Breakpoints

Friday, August 21, 2020 - 8:49pm

MCLEAN, Va., Aug. 21, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that its STACR (Structured Agency Credit Risk) Trust 2019-HQA3 notes have received National Association of Insurance Commissioners (NAIC) price breakpoints for the 2019 filing year.

Key Points: 
  • MCLEAN, Va., Aug. 21, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that its STACR (Structured Agency Credit Risk) Trust 2019-HQA3 notes have received National Association of Insurance Commissioners (NAIC) price breakpoints for the 2019 filing year.
  • Freddie Mac engaged NAIC Structured Securities Group (SSG) to evaluate STACR REMIC Trust transactions issued in 2019 and STACR Trust (DNA/HQA) transactions issued in 2018 and 2019 for year-end 2019.
  • The year-end 2019 price breakpoints for both STACR REMIC Trust transactions of 2019 are available on our website .
  • Price breakpoints for STACR Trust 2019-HQA3 are included, and we expect to add the price breakpoints for the remainder of the 2018 and 2019 STACR Trust (DNA/HQA) transactions as results become available for each STACR Trust (DNA/HQA) transaction over the next two-to-six weeks.

AG Mortgage Investment Trust, Inc. Announces Exchange Offer

Friday, August 14, 2020 - 11:55am

The Company is making the Exchange Offer pursuant to the terms of and subject to the conditions set forth in the tender offer statement on Schedule TO, and related offer to exchange (the Offer to Exchange).

Key Points: 
  • The Company is making the Exchange Offer pursuant to the terms of and subject to the conditions set forth in the tender offer statement on Schedule TO, and related offer to exchange (the Offer to Exchange).
  • The complete terms and conditions of the Exchange Offer are set forth in the Offer to Exchange.
  • The Exchange Offer is only being made pursuant to, and this press release is qualified by reference to, the Offer to Exchange.
  • ABOUT AG MORTGAGE INVESTMENT TRUST, INC.
    AG Mortgage Investment Trust, Inc. is a hybrid mortgage REIT that opportunistically invests in and manages a diversified risk-adjusted portfolio of Residential and Commercial Investments.