Fannie Mae has priced a $2.5 billion issue of three-year, 2.625% Callable Benchmark Notes due Jan. 19, 2007.The issue (CUSIP: 31359MTX1) was priced at 99.830 with a yield to maturity of 2.684%. It is noncallable for the first year, with a one-time call date of Jan. 19, 2005. The joint lead managers for the issue are Bear, Stearns & Co.; FTN Financial Capital Markets; and Goldman, Sachs & Co. Fannie Mae can be found on the Web at http://www.fanniemae.com.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
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The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
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Equity is entitled to a little over $70,000 worth of damages.
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Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
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Deferrals are up but still haven't outpaced loan modifications in conservatorship-era foreclosure prevention, according to the Federal Housing Finance Agency.
March 27