Fannie Mae has priced $3 billion of 5.000% five-year Benchmark Notes at 99.781.The five-year issue (CUSIP: 31359M5H2), due Feb. 16, 2012, yields 5.050% at a spread of 27.0 basis points over the 4.750% Treasury due Jan. 31, 2012. The settlement date is Feb. 15. The joint lead managers are Bear, Stearns & Co., Citigroup Global Markets Inc., and J.P. Morgan Securities. Fannie Mae can be found on the Web at http://www.fanniemae.com.
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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 -
The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
April 26 -
Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25