Fannie Mae announced that it has completed an additional risk transfer deal – its first Credit Insurance Risk Transfer™ (CIRT™) transaction of 2018 covering existing multifamily loans in the company's portfolio.
The European Investment Bank was crowned the Overall Best SRI/Green Bond Issuer, with BNG Bank taking Best Social or Sustainability Bond Issuer. Bank of America and Mexico City Airport Trust also won Deals of the Year.
Fannie Mae (FNMA/OTC) announced today that it will provide a $26 million LIHTC equity investment to facilitate the construction of Far Rockaway Village, a 457 unit residential development in the downtown Far Rockaway area of Queens, New York.
Fannie Mae reported 2017 net income of $2.5 billion, compared with net income
of $12.3 billion in 2016. Fannie Mae’s annual pre-tax income for 2017 was
$18.4 billion, compared with $18.3 billion in 2016, reflecting the strength of the
company’s underlying business fundamentals.
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