Freddie Mac has announced the auctioning of a $1 billion reopening of a 5.125% three-year Reference Notes security due Aug. 23, 2010.The stop yield was 4.979% for the issue (CUSIP: 3137EAAX7), which was priced at 100.396585, or approximately 50.8 basis points more than three-year U.S. Treasury notes. The bid-to-cover ratio was 2.915 to 1. Following the reopening, the issue size will be $4 billion. The settlement date is Aug. 13.
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Originators increased program offerings for the fifth consecutive month, but overall credit availability remains tight, the Mortgage Bankers Association said.
54m ago -
Malhotra joins the home finance giant after previously helping launch platforms to provide generative AI enterprise solutions and founding a technology research lab at the global multinational firm.
May 6 -
The reverse-mortgage lender saw a quarterly loss but expects originations to increase 10% in the second quarter, as it attempts to address high-yield debt concerns.
May 6 -
Capital Community Bank of Provo has purchased Security Home Mortgage, headquartered in nearby Orem.
May 6 -
Mike Kortas, CEO of NEXA, alleges he fired his former co-owner, Mat Grella, because he added himself as a "new manager" of the company in a filed amendment to the company's articles of organization.
May 6 -
Price growth is decelerating but still driving historic home equity gains for owners and widening the gap between the haves and have-nots in housing, ICE finds.
May 6