Fannie Mae has reported the auction results for a $1 billion reopening of a 5.000% 10-year Benchmark Notes security due May 11, 2017.The stop yield was 5.071% for the issue (CUSIP: 31359M7X5), which was priced at 99.448. The bid/cover ratio was 3.425. The settlement date is May 18. Fannie Mae can be found on the Web at http://www.fanniemae.com.
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While income decreased from the fourth quarter, it accelerated on an annual basis across NVR's building and lending units.
5h ago -
Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
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Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges.
April 23 -
The mortgage lender and servicer announced that Ranjit Bhattacharjee, a capital markets veteran, and Kevin Barker, a financial analyst with two decades of experience, have joined its ranks.
April 23 -
Because of rising home values, more transactions have proceeds over the federal tax exemption, especially in California, a CoreLogic study found.
April 23 -
Texas Capital Bank wants to bring the Administrative Procedures Act into the case, but Ginnie Mae said the legal proceedings are outside its scope.
April 23