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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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.
April 25 -
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 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
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.
April 25 -
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.
April 25