Fannie Mae has priced $3 billion of 5.000% 10-year Benchmark Notes due May 11, 2017.The issue (CUSIP: 31359M7X5) was priced at 99.410 to yield 5.076%, 36 basis points more than comparable 10-year Treasury notes, the government-sponsored enterprise said. Citigroup Global Markets Inc., Deutsche Bank Securities Inc., and HSBC Securities (USA) Inc. were the joint lead managers of the transaction. Fannie Mae can be found online at http://www.fanniemae.com.
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Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
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Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges.
5h ago -
The mortgage lender and servicer announced that Ranjit Bhattacharjee, a capital markets veteran, and Kevin Barker, a financial analyst with two decades of experience, have joined its ranks.
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Because of rising home values, more transactions have proceeds over the federal tax exemption, especially in California, a CoreLogic study found.
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Texas Capital Bank wants to bring the Administrative Procedures Act into the case, but Ginnie Mae said the legal proceedings are outside its scope.
April 23 -
Better's home equity loan product can be originated in a week or less, the company says.
April 23