Fannie Mae has priced $3 billion of 4.750% three-year Benchmark Notes at 99.930.The issue (CUSIP 31359M5Z2), due March 12, 2010, yields 4.775% at a spread of 29.5 basis points over the 4.750% Treasury due Feb. 15, 2010. The settlement date is March 8. The joint lead managers are Goldman Sachs & Co., J.P. Morgan Securities, and Morgan Stanley & Co. Fannie Mae can be found on the Web at http://www.fanniemae.com.
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Horton, who stepped back from an executive role at his company D.R. Horton in October, died suddenly on Thursday.
May 17 -
A recommendation to give Ginnie Mae expanded authorities is drawing focus in the reactions to a Financial Stability Oversight Council report on nonbank risks.
May 17 -
The April and May announcements from the U.S. government, down payment assistance firms and lenders on easing the homeownership affordability crunch.
May 17 -
Rohit Chopra, director of the Consumer Financial Protection Bureau, said Friday that the agency will be moving forward with rules and enforcement actions after the defeat of a Supreme Court challenge to the agency's constitutionality.
May 17 -
Roam Boost eases the path for FHA and VA mortgages held by sellers to be assumed by the buyer.
May 17 -
The House Financial Services Committee passed eleven bills, including a Democratic-sponsored bill on homeless veteran housing and a Republican-led package on bank regulation.
May 17