Fannie Mae has priced $3 billion of 4.250% five-year Benchmark Notes at 99.786.The issue (CUSIP: 31359MYN7), due Aug. 15, 2010, yields 4.298% at a spread of 30.5 basis points over the 3.875% Treasury due July 15, 2010. The settlement date is July 22. The joint lead managers are Bear, Stearns & Co.; Citigroup Global Markets; and Lehman Brothers.
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The top five producers had an average non-QM loan volume of nearly $94 million for 2023.
17m ago -
Title insurers, whose activity is highly correlated to mortgage production, wrote $15.1 billion in premiums during 2023, down from $21 billion in 2022 and $26.2 billion for the year before that.
May 1 -
The Federal Open Market Committee held the federal funds rate at current levels, citing "lack of further progress" toward meeting inflation goals.
May 1 -
Both quasi-public mortgage investors have new requirements for when borrowers question valuations. Freddie Mac is expanding use of title insurance alternatives.
May 1 -
A new policy directive aims to fortify critical infrastructure by enhancing collaboration between U.S. intelligence agencies and systemically important financial entities.
May 1 -
Mark Warren and Thom Tillis have introduced the Secure Artificial Intelligence Act of 2024 to address the unique risks of AI.
May 1