Fannie Mae has priced $4 billion of 3.250% five-year Benchmark Notes at 99.601.The issue (CUSIP: 31359MTZ6), due Feb. 15, 2009, yields 3.336% at a spread of 35 basis points over the 3.250% Treasury due Jan. 15, 2009. The settlement date is Jan. 23. The joint lead managers are Lehman Brothers Inc., Morgan Stanley & Co., and UBS Investment Bank. Fannie Mae can be found on the Web at http://www.fanniemae.com.
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The top five producers had an average dollar volume of more than $99 million in jumbo production.
2h ago -
The Biden Administration's title waiver pilot has started a broader discussion on whether the product is worth the money paid or even needed at all and can be replaced by an alternative.
4h ago -
The Philadelphia-based bank's parent company, Republic First Bancshares, had been roiled by a yearslong proxy battle involving activist investors groups and its former CEO.
April 26 -
Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
April 26 -
Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
April 26 -
A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
April 26