Fannie Mae has priced $3 billion of 4.750% three-year Benchmark Notes at 99.930.The issue (CUSIP 31359M5Z2), due March 12, 2010, yields 4.775% at a spread of 29.5 basis points over the 4.750% Treasury due Feb. 15, 2010. The settlement date is March 8. The joint lead managers are Goldman Sachs & Co., J.P. Morgan Securities, and Morgan Stanley & Co. Fannie Mae can be found on the Web at http://www.fanniemae.com.
Malhotra joins the home finance giant after previously helping launch platforms to provide generative AI enterprise solutions and founding a technology research lab at the global multinational firm.
The reverse-mortgage lender saw a quarterly loss but expects originations to increase 10% in the second quarter, as it attempts to address high-yield debt concerns.
Capital Community Bank of Provo has purchased Security Home Mortgage, headquartered in nearby Orem.
Mike Kortas, CEO of NEXA, alleges he fired his former co-owner, Mat Grella, because he added himself as a "new manager" of the company in a filed amendment to the company's articles of organization.
Price growth is decelerating but still driving historic home equity gains for owners and widening the gap between the haves and have-nots in housing, ICE finds.
Ex-CEO Michael Strauss used the lender's bank various accounts to pay for his own expenses, a trustee for the failed lender claims.
