Fannie Mae has reported the repurchase of $2.0 billion of outstanding Benchmark Securities.Fannie said the repurchase total consisted of $500 million of 4.625% notes due Oct. 15, 2013; $400 million of 4.375% notes due Sept. 15, 2012; $400 million of 4.375% notes due March 15, 2013; $305 million of 7.250% notes due Jan. 15, 2010; $300 million of 4.125% notes due April 15, 2014; and $95 million of 7.125% notes due June 15, 2010. Fannie Mae can be found on the Web at http://www.fanniemae.com.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
7h ago -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
11h ago -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
April 24 -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24 -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24