Fannie Mae has priced $4 billion of 5.125% two-year Benchmark Notes at 99.910.The issue (CUSIP 31398AFA5), due July 13, 2009, yields 5.173% at a spread of 32.0 basis points over the 4.875% Treasury note due June 30, 2009. The settlement date is July 13. The joint lead managers are Barclays Capital Inc.; Goldman, Sachs & Co.; and Merrill Lynch Government Securities Inc. Fannie Mae can be found on the Web at http://www.fanniemae.com.
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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.
6h ago -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
7h ago -
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
8h ago -
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
10h ago -
The tool will provide helpful HELOC-related information to customer support staff to streamline the application process, Figure said Thursday.
April 18 -
The five states with the lowest property taxes have an average effective real-estate tax rate of 0.44%.
April 18