Fannie Mae has priced $3 billion of 5.000% five-year Benchmark Notes at 99.781.The five-year issue (CUSIP: 31359M5H2), due Feb. 16, 2012, yields 5.050% at a spread of 27.0 basis points over the 4.750% Treasury due Jan. 31, 2012. The settlement date is Feb. 15. The joint lead managers are Bear, Stearns & Co., Citigroup Global Markets Inc., and J.P. Morgan Securities. Fannie Mae can be found on the Web at http://www.fanniemae.com.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
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The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
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Equity is entitled to a little over $70,000 worth of damages.
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Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
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Deferrals are up but still haven't outpaced loan modifications in conservatorship-era foreclosure prevention, according to the Federal Housing Finance Agency.
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