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KBRA Assigns Preliminary Ratings to FREMF 2025-K172 and Freddie Mac Structured Pass-Through Certificate Series K-172
Businesswire· 2025-09-30 15:15
Core Insights - KBRA has assigned preliminary ratings to three classes of FREMF Series 2025-K172 mortgage pass-through certificates and three classes of Freddie Mac structured pass-through certificates (SPCs), Series K-172 [1] - FREMF 2025-K172 represents a $1.2 billion CMBS multi-borrower transaction [1] - Freddie Mac will guarantee five classes of certificates issued in the underlying Series 2025-K172 securitization and will deposit the guaranteed underlying certificates [1]
Fannie Mae Releases August 2025 Monthly Summary
Prnewswire· 2025-09-29 20:05
Core Insights - Fannie Mae's August 2025 Monthly Summary report is now available, detailing the company's activities in the mortgage sector [1] Group 1: Monthly Activities - The report includes information on Fannie Mae's gross mortgage portfolio, mortgage-backed securities, and other guarantees [1] - It provides insights into interest rate risk measures and serious delinquency rates [1]
HR professionals on the move in September
Yahoo Finance· 2025-09-29 16:43
Group 1: New CHRO Appointments - Kimberly-Clark appointed Stacey Valy Panayiotou as CHRO, emphasizing her commitment to high-performing and caring cultures [2] - Uno Minda welcomed Garima Garg as CHRO, highlighting her experience in HR and her goal to enhance the company's cultural DNA for growth [3] - Consumers Energy named Shannon Thomas as SVP and CPO, with a focus on aligning people strategy with long-term company priorities [4] - Hero Motocorp announced Madhuri Mehta as CHRO, recognizing her leadership experience and role in fostering an empowering workplace culture [5] - Equity Prime Mortgage appointed Anjanette Valenta as chief people officer, noting her transformational impact since joining [6]
Why the Nvidia story may be 'coming to an end', stocks close higher to end the week
Youtube· 2025-09-26 21:22
[Music] That's the closing bell on Wall Street and now it's market domination overtime. We're giving you full coverage of all the moves to get you up to speed on the action from today's trade. Guy who finances Jared Blickery joining us here to break it all down.Jared, thank you Josh. Nice comeback Friday. We're seeing a lot of green on our screen here at least in terms of the major averages.We'll start with the NASDAQ up about 100 points or 4/10en of 1%. Here's the day's price action. We had a little green, ...
Fannie Mae announces resignation of board member
Reuters· 2025-09-26 20:51
The U.S. Federal National Mortgage Association, known as Fannie Mae, said on Friday that board member Karin Kimbrough resigned from her position on September 22. ...
Mortgage rates rise for first time since July
Fox Business· 2025-09-25 18:33
Group 1: Mortgage Rates - Mortgage rates increased for the first time since mid-July, with the average rate on a 30-year fixed mortgage rising to 6.3% from 6.26% last week [1] - The average rate on a 15-year fixed mortgage also rose to 5.49% from 5.41% last week [4] - Despite the recent uptick, mortgage rates remain near 11-month lows, providing opportunities for buyers and homeowners considering refinancing [5] Group 2: Housing Market Activity - Housing market activity remains robust, with purchase applications increasing by 18% and refinance applications rising by 42% compared to the same time last year [4] - Sales of new U.S. single-family homes surged to the highest level in over 3.5 years in August, although this may not accurately reflect the housing market's health [7] - Economists noted that the increase in new home sales was unexpected and may be reversed in the coming months due to volatile data and subdued homebuilder sentiment [9][10] Group 3: Economic Context - The Federal Reserve recently cut the benchmark interest rate by 25 basis points, bringing the federal funds rate to a new range of 4% to 4.25% [6] - The rate cut follows a period of economic uncertainty, during which the Fed left rates unchanged at its first five meetings of the year [6] - The current rate environment is seen as beneficial for affordability, despite only 28% of U.S. homes being affordable for the typical American household [5]
Freddie Mac Announces $487 million Non-Performing Loan Sale
Globenewswire· 2025-09-25 18:18
Includes one Extended Timeline Pool Offering Targeting Smaller InvestorsMCLEAN, Va., Sept. 25, 2025 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announced today it will offer approximately $487 million in non-performing loans (NPL) for sale via auction. The NPLs being offered consist of seasoned, deeply delinquent residential first lien whole loans held in Freddie Mac’s mortgage-related investments portfolio. The NPLs are currently serviced by Select Portfolio Servicing Inc., Newrez LLC, d/b/a Shellpoint M ...
Mortgage rates inch up after several weeks of decline (XLRE:NYSEARCA)
Seeking Alpha· 2025-09-25 16:11
Mortgage rates inched up after several weeks of decline, but the housing market activity remained solid, according to the latest Freddie Mac Primary Mortgage Survey. 30-year fixed-rate mortgages averaged 6.30% as of September 25, up from 6.26% last week and 6.08% in the year-ago ...
Average rate on a 30-year mortgage edges higher after declining four weeks in a row
Yahoo Finance· 2025-09-25 16:04
Core Points - The average rate on a 30-year U.S. mortgage increased to 6.3% from 6.26%, ending a four-week decline that had brought borrowing costs to their lowest level in nearly a year [1] - The average rate for 15-year fixed-rate mortgages rose to 5.49% from 5.41%, compared to 5.16% a year ago [2] - Mortgage rates are influenced by the Federal Reserve's interest rate policies, bond market expectations, and the 10-year Treasury yield, which was at 4.19% [3] Market Trends - Mortgage rates had been declining since late July, leading up to the Federal Reserve's recent interest rate cut amid concerns over the U.S. job market [4] - The housing market has been struggling since 2022, with sales of previously occupied homes reaching their lowest level in nearly 30 years, and current sales running below 2024 levels [5] - The recent rise in mortgage rates may indicate a pattern similar to last year, where rates fell after a Fed rate cut but subsequently increased again, reaching above 7% in mid-January [6][7]
Mortgage rates move higher despite Fed rate cut
Yahoo Finance· 2025-09-25 16:02
Core Insights - Mortgage rates have increased slightly following the Federal Reserve's cut to the benchmark federal funds rate, with the average 30-year mortgage rate rising to 6.3% from 6.26% and 15-year rates increasing to 5.49% from 5.41% [1][2] Mortgage Rate Dynamics - The Federal Reserve does not directly control mortgage rates, and it is common for mortgage rates to rise even after a cut in benchmark interest rates, as seen in previous years [2] - Mortgage markets tend to be forward-looking, often pricing in anticipated Fed moves ahead of time, which was evident when rates initially dropped in anticipation of the Fed's rate cut but later rose [3] Refinancing and Home Sales Activity - Refinancing activity has surged by 80% compared to four weeks ago, although refinancing applications increased only 1% week-over-week, while applications for home purchases remained nearly unchanged [4] - Existing home sales have slightly declined in August, with projections indicating that sales for the year may reach a 30-year low [5]