Fannie Mae has priced $4 billion of two-year Benchmark Notes due Feb. 10, 2010, and $4 billion of five-year Benchmark Notes due Feb. 12, 2013. The 3.250% two-year issue (CUSIP: 31398AKX9) was priced at 99.940 with a yield of 3.281%. The 3.625% five-year issue (CUSIP: 31398AKY7) was priced at 99.749 with a yield of 3.680%. The joint lead managers for the two-year issue are Merrill Lynch government Securities, J.P. Morgan Securities Inc., and UBS Securities LLC. The managers for the five-year issue are Barclays Capital Inc., Goldman, Sachs & Co., and Lehman Brothers Inc.
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Capital Community Bank of Provo has purchased Security Home Mortgage, headquartered in nearby Orem.
3h ago -
Mike Kortas, CEO of NEXA, alleges he fired his former co-owner, Mat Grella, because he added himself as a "new manager" of the company in a filed amendment to the company's articles of organization.
5h ago -
Price growth is decelerating but still driving historic home equity gains for owners and widening the gap between the haves and have-nots in housing, ICE finds.
7h ago -
Ex-CEO Michael Strauss used the lender's bank various accounts to pay for his own expenses, a trustee for the failed lender claims.
May 6 -
At the same time, market share among a trio of the mortgage insurers shifted, data compiled by Keefe, Bruyette & Woods found.
May 6 -
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.
May 5