The Federal Home Loan Banks have priced a $3 billion, 3.625%, three-year global bond due Dec. 17, 2010.The issue (CUSIP: 3133XNHZ5) was priced at 99.806 to yield 3.693%, or 74 basis points higher than comparable Treasury notes. The settlement date is Dec. 7. Barclays, Deutsche Bank, and JP Morgan are the joint lead managers for the transaction.
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Horton, who stepped back from an executive role at his company D.R. Horton in October, died suddenly on Thursday.
May 17 -
A recommendation to give Ginnie Mae expanded authorities is drawing focus in the reactions to a Financial Stability Oversight Council report on nonbank risks.
May 17 -
The April and May announcements from the U.S. government, down payment assistance firms and lenders on easing the homeownership affordability crunch.
May 17 -
Rohit Chopra, director of the Consumer Financial Protection Bureau, said Friday that the agency will be moving forward with rules and enforcement actions after the defeat of a Supreme Court challenge to the agency's constitutionality.
May 17 -
Roam Boost eases the path for FHA and VA mortgages held by sellers to be assumed by the buyer.
May 17 -
The House Financial Services Committee passed eleven bills, including a Democratic-sponsored bill on homeless veteran housing and a Republican-led package on bank regulation.
May 17