Fannie Mae has priced $3 billion of 5.00% 10-year Benchmark Notes due Feb. 13, 2017.The issue (CUSIP: 31359M4D2) was priced at 99.981 to yield 5.003%, 32.5 basis points more than the 4.625% 10-year Treasury notes due Nov. 15, 2016, the government-sponsored enterprise said. Lehman Brothers Inc., Merrill Lynch Government Securities Inc., and UBS Securities LLC are the joint lead managers of the transaction, which also had a several co-managers and a designated selling group of 10 additional dealers.
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Horton, who stepped back from an executive role at his company D.R. Horton in October, died suddenly on Thursday.
May 17 -
A recommendation to give Ginnie Mae expanded authorities is drawing focus in the reactions to a Financial Stability Oversight Council report on nonbank risks.
May 17 -
The April and May announcements from the U.S. government, down payment assistance firms and lenders on easing the homeownership affordability crunch.
May 17 -
Rohit Chopra, director of the Consumer Financial Protection Bureau, said Friday that the agency will be moving forward with rules and enforcement actions after the defeat of a Supreme Court challenge to the agency's constitutionality.
May 17 -
Roam Boost eases the path for FHA and VA mortgages held by sellers to be assumed by the buyer.
May 17 -
The House Financial Services Committee passed eleven bills, including a Democratic-sponsored bill on homeless veteran housing and a Republican-led package on bank regulation.
May 17