Fannie Mae has priced $3 billion of 5.25% 10-year Benchmark Notes due Sept. 15, 2016.The issue (CUSIP: 31359MW41) was priced at 99.395 to yield 5.329%, 38 basis points more than comparable 10-year Treasury notes, the government-sponsored enterprise said. Deutsche Bank Securities Inc., Lehman Brothers Inc. and UBS Securities LLC were joint lead managers of the transaction, which also had several co-managers and a designated selling group of 10 additional dealers.
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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.
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Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
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Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
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