Fannie Mae has priced $3 billion of 4.250% five-year Benchmark Notes at 99.786.The issue (CUSIP: 31359MYN7), due Aug. 15, 2010, yields 4.298% at a spread of 30.5 basis points over the 3.875% Treasury due July 15, 2010. The settlement date is July 22. The joint lead managers are Bear, Stearns & Co.; Citigroup Global Markets; and Lehman Brothers.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
9h ago -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
April 18 -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
April 18 -
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
April 18 -
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18