Fannie Mae has priced $4 billion of 3.125% three-year Benchmark Notes at 99.991.The issue (CUSIP 31359MWQ2), due Dec. 15, 2007, yields 3.129% at a spread of 38 basis points over the 2.750% Treasury due Aug. 15, 2007. The settlement date is Oct. 22. The joint lead managers are Goldman, Sachs & Co, Merrill Lynch & Co., and UBS Investment Bank. Fannie Mae can be found on the Web at http://www.fanniemae.com.
New notices pointed out how large learning models could lead real estate businesses to unintentionally violate the Fair Housing Act in a marketing campaign.
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.
Test your knowledge of the biggest mortgage headlines of the week. No. 2 pencil not required!
Rocket Cos. reported an increase in gain-on-sale margin but warned that going forward it is likely to slip back to levels seen in the second half of last year.
The 2022 vintage had a higher percentage of purchase mortgages, as well as 30-year fixed-rate loans versus the 2021 production, an annual Federal Housing Finance Agency report said.
