Freddie Mac has announced that it will conduct cash tender offers during the week of April 24 for the repurchase of a targeted group of European-style callable debt securities with expired options.Freddie Mac said it will offer to repurchase all outstanding amounts of the selected securities from investors through Morgan Stanley, the designated lead manager for the offers, or J.P. Morgan Chase and UBS Investment Bank, the designated co-dealer managers. Each eligible security will be repurchased at a fixed spread to an outstanding Freddie Mac Reference Notes security.
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Correspondent volumes and the servicing portfolio were flat to lower but Onslow Bay was nevertheless the top conventional MSR investor in the first half.
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The homebuilder posted net income of $472 million, or $2.48 per share, down from $608 million but still more than analysts expectations of $2.36 per share.
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The package of banking measures will need 60 votes — including a number of Democrats — to pass the Senate on a tight time frame ahead of November's elections. But the bipartisan House vote signals that future work on the issues is possible.
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The Federal Reserve is rethinking the size and scope of its holdings. Academics and industry analysts alike say liquidity reforms will be key to the process.
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The brokerage boss settled litigation with ex-business partner Mat Grella which involved private aviation, luxury cars and a separate six-figure judgment.
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The median down payment for a potential Gen Z homebuyer is well below the amount the three older generations are looking to make, a LendingTree study found.
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