Fannie Mae has priced a $2 billion issue of five-year, 3.677% Callable Benchmark Notes due Dec. 15, 2008.The issue (CUSIP: 31359MTT0) was priced at 99.945 with a yield to maturity of 4.012%. It is noncallable for the first 18 months, with a one-time call date of June 15, 2005. The joint lead managers for the issue are Bear Stearns, Goldman Sachs, and Lehman Brothers.
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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.
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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.
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Capital Community Bank of Provo has purchased Security Home Mortgage, headquartered in nearby Orem.
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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.
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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.
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Ex-CEO Michael Strauss used the lender's bank various accounts to pay for his own expenses, a trustee for the failed lender claims.
May 6