Fannie Mae has priced $3 billion of 4.875% five-year Benchmark Notes at 99.759.The five-year issue (CUSIP: 31398ABX9), due May 18, 2012, yields 4.930% at a spread of 31.5 basis points over the 4.500% Treasury due April 30, 2012. The settlement date is May 18. The joint lead managers are Barclays Capital Inc., Lehman Brothers Inc., and UBS Securities LLC. Fannie Mae can be found on the Web at http://www.fanniemae.com.
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Ex-CEO Michael Strauss used the lender's bank various accounts to pay for his own expenses, a trustee for the failed lender claims.
1h ago -
At the same time, market share among a trio of the mortgage insurers shifted, data compiled by Keefe, Bruyette & Woods found.
2h ago -
Gary Farro's testimony focused on both the banking activity of Michael Cohen, a former Trump attorney who paid $130,000 to an adult film actress in 2016, and First Republic Bank's due diligence work.
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New notices pointed out how large learning models could lead real estate businesses to unintentionally violate the Fair Housing Act in a marketing campaign.
May 3 -
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The industry hasn't been sure how much of a lift they'd get this spring but a broader slowdown in hiring may help to lower financing costs.
May 3