Fannie Mae has priced a $2.0 billion REMIC guaranteed maturity class with a class coupon of 6.000% and a final maturity date of June 25, 2016 at 99.5781.The transaction (CUSIP 31395NPD3), Benchmark REMIC Trust 2006-1, class AB, was priced to yield 6.082%, or 94 basis points over the interpolated Treasury curve. Bear Stearns & Co., Lehman Brothers Inc., and UBS Securities Inc. served as the lead underwriters for the deal. The transaction also involved seven co-managers and a selling group. The government-sponsored enterprise can be found online at http://www.fanniemae.com.
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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
11h ago -
Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
March 28 -
The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
March 28 -
But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
March 28 -
Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
March 28