Fannie Mae has priced a 2% $6 billion Benchmark Note due Jan. 9, 2012 at 99.983 to yield 2.006% at a spread of 83 basis points over the 1.125% Treasury due Jan. 15, 2012. Barclays Capital Inc., Deutsche Bank Securities Inc. and J.P. Morgan & Co. are the joint lead managers. The co-managers include Banc of America Securities, Citigroup Global Markets Inc., Goldman Sachs & Co. and UBS Securities LLC. Barclays Capital Inc., Deutsche Bank Securities Inc., and J.P. Morgan & Co. The Committee on Uniform Securities Identification Procedures identifier for the issue is 31398AUU4.
-
New York Life's investment arm is buying a majority stake in Verus' parent, as higher rates draw insurers to non-QM. Lenders should expect deeper-pocketed buyers and competition.
September 29 -
The agreement expands the top-5 bank servicer's relationship with the technology company, claiming it brings its full portfolio to the MSP platform.
September 29 -
The typical mortgage company is well behind the average fintech, insurance company and bank in terms of AI development and maturity, according to a new survey.
September 29 -
Federal Reserve Gov. Michael Barr said artificial intelligence has not yet had a material impact on the labor market, but governments and businesses should be prepared nonetheless.
September 29 -
DRB Group is partnering with Acrisure Mortgage and Alta Home Lending to start two mortgage joint ventures set to open in January 2027, the company announced.
September 29 -
Servicers may need to use some of their less common risk management tactics rather than solely relying on borrowers holding significant equity, Andy Walden said.
September 29






