Fannie Mae has priced $3 billion of 4.500% three-year Benchmark Notes at 99.844.The issue (CUSIP 31359MZH9), due Oct. 15, 2008, yields 4.556% at a spread of 28.5 basis points over the 4.125% Treasury due Aug. 15, 2008. The settlement date is Oct. 14. The joint lead managers are HSBC Securities Inc., J.P. Morgan Securities Inc., and Morgan Stanley & Co. Fannie Mae can be found on the Web 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.
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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.
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Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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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.
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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.
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