Fannie Mae has priced a $2 billion issue of three-year, 3.750% Callable Benchmark Notes due May 17, 2007.The issue (CUSIP: 31359MVC4) was priced at 99.970 with a yield to maturity of 3.761%. It is noncallable for the first year, with a one-time call date of May 17, 2005. The joint lead managers for the issue are Deutsche Bank Securities, Merrill Lynch & Co., and Morgan Stanley & Co.
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The industry hasn't been sure how much of a lift they'd get this spring but a broader slowdown in hiring may help to lower financing costs.
3h ago -
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9h ago -
Rocket Cos. reported an increase in gain-on-sale margin but warned that going forward it is likely to slip back to levels seen in the second half of last year.
May 2 -
The 2022 vintage had a higher percentage of purchase mortgages, as well as 30-year fixed-rate loans versus the 2021 production, an annual Federal Housing Finance Agency report said.
May 2 -
Almost half of parents said their grown children returned to live with them after graduation, placing greater challenges on their own long-term housing and retirement goals, according to a recent survey.
May 2