Fannie Mae has announced a common stock dividend of $0.52 per share for the fourth quarter, unchanged from that of the third quarter.The dividend will be paid Nov. 25 to registered stockholders as of the close of business on Oct. 31, 2004. Preferred stock dividends are: $0.65625 per share of Series D; $0.63750 per share of Series E; $0.1713 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; $0.6406 per share of Series L; $0.5938 per share of Series M; and $0.6875 per share of Series N. For Series J, the dividend rate will be replaced by the applicable swap rate plus 1.38%, in accordance with the terms of the issue, Fannie Mae said. The preferred dividends will be paid Dec. 31 to registered stockholders as of the close of business on Dec. 15, 2004.
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Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
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Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
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A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
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The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25