Fannie Mae has priced $4 billion of two-year Benchmark Notes due Feb. 10, 2010, and $4 billion of five-year Benchmark Notes due Feb. 12, 2013. The 3.250% two-year issue (CUSIP: 31398AKX9) was priced at 99.940 with a yield of 3.281%. The 3.625% five-year issue (CUSIP: 31398AKY7) was priced at 99.749 with a yield of 3.680%. The joint lead managers for the two-year issue are Merrill Lynch government Securities, J.P. Morgan Securities Inc., and UBS Securities LLC. The managers for the five-year issue are Barclays Capital Inc., Goldman, Sachs & Co., and Lehman Brothers Inc.
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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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