Freddie Mac has announced that it is conducting cash tender offers for the repurchase of up to $9.97 billion in principal amount of a targeted group of European-style callable debt securities this week.Freddie Mac is offering to repurchase any and all outstanding amounts of the selected securities from investors through Goldman, Sachs & Co., the lead manager and global coordinator for the offers, or through Credit Suisse First Boston, J.P. Morgan Chase, Morgan Stanley, and UBS Investment Bank, the co-dealer managers for the offers. Each eligible security will be repurchased at a fixed spread to an outstanding Freddie Mac Reference Notes security, the government-sponsored enterprise said. The tender offers began March 14 and will expire at 5 p.m. EST on March 18, unless extended. Holders of the targeted securities wishing to tender may do so at any time between 9 a.m. and 5 p.m. EST during this period.
-
Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
1h ago -
In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
8h ago -
Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27 -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 -
The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
March 27 -
Equity is entitled to a little over $70,000 worth of damages.
March 27