Fannie Mae has priced $3 billion of 5.375% three-year Benchmark Notes at 99.853.The issue (CUSIP 31359MU68), due Aug. 15, 2009, yields 5.429% at a spread of 32.5 basis points over the 4.875% Treasury due May 15, 2009. The settlement date is July 20. The joint lead managers are Bear, Stearns & Co. Inc., Citigroup Global Markets Inc., and Goldman, Sachs & Co. Fannie Mae can be found on the Web at http://www.fanniemae.com.
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The 2022 vintage had a higher percentage of purchase mortgages, as well as 30-year fixed-rate loans versus the 2021 production, an annual Federal Housing Finance Agency report said.
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Almost half of parents said their grown children returned to live with them after graduation, placing greater challenges on their own long-term housing and retirement goals, according to a recent survey.
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In total, 84 producers from mortgage lenders including Summit Funding and Movement Mortgage have transitioned to Fairway Independent Mortgage.
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But the mortgage unit of Intercontinental Exchange narrowed its quarterly losses and touted the addition of several new customers this year in its earnings call.
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Mortgage rates reached their highest point since the end of November, seemingly not severely impacting Spring home purchase activity, Freddie Mac said.
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The company's branches and loan officers will transition to ML Mortgage but operations staff are not part of the deal.
3h ago