The Federal Home Loan Banks have priced a $3 billion, 2.375%, two-year global bond due April 30, 2010. The issue (CUSIP: 3133XQ5C2) was priced at 99.766 to yield 2.488%, or 74.5 basis points higher than comparable Treasury notes. The settlement date is March 3. Barclays, RBS Greenwich, and Morgan Stanley are the joint lead managers for the transaction.
-
Title insurers, whose activity is highly correlated to mortgage production, wrote $15.1 billion in premiums during 2023, down from $21 billion in 2022 and $26.2 billion for the year before that.
1h ago -
The Federal Open Market Committee held the federal funds rate at current levels, citing "lack of further progress" toward meeting inflation goals.
2h ago -
Both quasi-public mortgage investors have new requirements for when borrowers question valuations. Freddie Mac is expanding use of title insurance alternatives.
2h ago -
A new policy directive aims to fortify critical infrastructure by enhancing collaboration between U.S. intelligence agencies and systemically important financial entities.
4h ago -
Mark Warren and Thom Tillis have introduced the Secure Artificial Intelligence Act of 2024 to address the unique risks of AI.
4h ago -
The April 26 update came two days after the group received preliminary approval for the Sitzer/Burnett agreement.
4h ago