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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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.
11h ago -
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.
11h ago -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
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.
April 25 -
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.
April 25