Fannie Mae has announced a common stock dividend of $0.26 per share for the second quarter, unchanged from that of the previous quarter.The dividend will be paid May 25 to registered stockholders as of the close of business on April 28, 2006. Preferred stock dividends are: $0.65625 per share of series D; $0.63750 per share of series E; $0.5700 per share of series F; $0.2938 per share of series G; $0.7263 per share of series H; $0.6719 per share of series I; $0.5895 per share of series J; $0.6745 per share of series K; $0.6406 per share of series L; $0.5938 per share of series M; $0.6875 per share of series N; $0.8831 per share of series O; and $1,343.75 per share of convertible series 2004-1. The preferred dividends will be paid June 30 to registered stockholders as of the close of business on June 15, 2006. Fannie Mae can be found online at http://www.fanniemae.com.
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Rocket Cos. reported an increase in gain-on-sale margin but warned that going forward it is likely to slip back to levels seen in the second half of last year.
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The 2022 vintage had a higher percentage of purchase mortgages, as well as 30-year fixed-rate loans versus the 2021 production, an annual Federal Housing Finance Agency report said.
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Almost half of parents said their grown children returned to live with them after graduation, placing greater challenges on their own long-term housing and retirement goals, according to a recent survey.
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In total, 84 producers from mortgage lenders including Summit Funding and Movement Mortgage have transitioned to Fairway Independent Mortgage.
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But the mortgage unit of Intercontinental Exchange narrowed its quarterly losses and touted the addition of several new customers this year in its earnings call.
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Mortgage rates reached their highest point since the end of November, seemingly not severely impacting Spring home purchase activity, Freddie Mac said.
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