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.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
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The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
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But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
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The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
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The tool will provide helpful HELOC-related information to customer support staff to streamline the application process, Figure said Thursday.
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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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