Fannie Mae has announced that it will conduct cash tender offers this week for the repurchase of up to $19.2 billion of callable debt securities.The securities were originally issued with European-style one-time call options that have since expired. The purchase price for a tendered security will be determined based on the applicable fixed spread over the yield to maturity of specified noncallable Benchmark Notes. The lead manager and global coordinator for the tender offers is Goldman, Sachs & Co., and the co-dealer managers are Merrill Lynch & Co. and UBS Securities LLC. The tender offers began Sept. 19 and will expire at 5 p.m. EDT Sept. 23.
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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.
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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