Fannie Mae has priced $4 billion of 3.375% five-year Benchmark Notes at 99.467.The issue (CUSIP 31359MTR4), due Dec. 15, 2008, yields 3.491% at a spread of 37.5 basis points over the 3.375% Treasury due Nov. 15, 2008. The settlement date is Nov. 21. The joint lead managers are Credit Suisse First Boston Corp., HSBC Securities Inc., and Lehman Brothers Inc. Fannie Mae can be found on the Web at http://www.fanniemae.com.
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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