The Federal Home Loan Banks have priced a $3 billion, 5.50%, seven-year global bond due Aug. 13, 2014.The issue (CUSIP: 3133XLJP9) was priced at 99.984 to yield 5.504%, or 45.5 basis points higher than that of comparable U.S. Treasury notes. The settlement date is June 22. Barclays, Goldman Sachs, and JP Morgan are the joint lead managers for the transaction.
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The five states with the lowest property taxes have an average effective real-estate tax rate of 0.44%.
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Ohio-based Liberty Home Mortgage joins several companies who started using a more modernized FICO credit score for nonconforming mortgage originations recently.
April 17 -
The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.
April 17 -
The plan that the Federal Housing Finance Agency floated calls for Freddie Mac to actively invest in some new closed-end seconds as cash-out refinancing subsides.
April 17 -
The push comes amid what one expert highlighted as lax funding efforts for two Department of Housing and Urban Development grant programs.
April 17 -
Conventional lending drove volumes higher, particularly in the purchase market, the Mortgage Bankers Association said.
April 17