Fannie Mae has priced $4 billion of two-year Benchmark Notes due Jan. 15, 2006, and a $1 billion reopening of 10-year Benchmark Notes due Oct. 15, 2013.The 2.000% two-year issue (CUSIP: 31359MTU7) was priced at 99.904 with a yield of 2.047%. The 4.625% 10-year reopening (CUSIP: 31359MTG8) was priced at 99.920 with a yield of 4.634%. The joint lead managers for both issues are Deutsche Bank Securities Inc.; Goldman, Sachs & Co.; and UBS Warburg LLC. Fannie Mae can be found online at http://www.fanniemae.com.
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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 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25