Fannie Mae has priced $3 billion of 5.000% five-year Benchmark Notes at 99.961.The five-year issue (CUSIP: 31359MZ30), due Oct. 15, 2011, yields 5.009% at a spread of 31.5 basis points over the 4.500% Treasury due Sept. 30, 2011. The settlement date is Oct. 19. The joint lead managers are Citigroup Capital Markets Inc., Goldman Sachs & Co., and HSBC Securities (USA) Inc. Fannie Mae can be found on the Web at http://www.fanniemae.com.
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The Federal Housing Administration removed housing finance firms from the list of permitted interested-party contributors in a new reverse-mortgage rule.
10h ago -
The company's attorneys had previously managed to successfully decertify the class in the seven-year long case, but the decision was reversed last year.
11h ago -
Banks and other financial market participants have been keyed into the central bank's communications around monetary policy expectations. But in an unpredictable economy, the guidance doesn't always hit the mark.
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UWM's leader Mat Ishbia saw his total compensation balloon to over $12 million compared to 2022, while Rocket's CEO received $3.4 million during the first four months of his tenure.
April 29 -
The Federal Housing Finance Agency rule originally proposed last year aims to make it tougher to roll back measures designed to encourage more equitable lending.
April 29 -
The top five producers had an average dollar volume of more than $99 million in jumbo production.
April 29