Fannie Mae has announced that it will reduce the minimum weekly three-month and six-month auction amounts of Benchmark Bills to $1 billion each as of Aug. 10.The minimum size for the monthly one-year auction will remain at $1 billion. Fannie Mae said it is committed to a schedule of weekly issues in three- and six-month maturities and monthly issues in one-year maturities for Benchmark Bills, which are unsecured general obligations issued in book-entry form through the Federal Reserve Banks. Fannie Mae can be found online at http://www.fanniemae.com.
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McCargo will succeed Teresa Bryce Bazemore at what the former sees as a "transitional, pivotal moment" for the Federal Home Loan bank.
3h ago -
Freddie's plan "has merit," but if also used by Fannie, it might create competition for many closed-end, second liens in PL RMBS, according to new research.
5h ago -
While the company made headway in reducing operational costs, it incurred several million dollars worth of expenses as it dealt with the January incident.
May 7 -
The rightsizing measures impacted workers in Colorado and Florida who worked at acquired Computershare Mortgage Services and its affiliate Specialized Loan Servicing.
May 7 -
Former Angel Oak Lending Chief Marketing Officer Steven Winokur has come back into the non-qualified mortgage business by taking a marketing role at Carrington Mortgage Services.
May 7 -
The process of making changes to foreclosure prevention programs has been complicated by differences in how the Department of Veterans Affairs operates compared to an agency like the Federal Housing Administration.
May 7