Freddie Mac has priced $3 billion of five-year Reference Notes due July 15, 2009.The issue (CUSIP 3134A4US1) was priced at 99.499 to yield 4.359%, or 49.5 basis points more than five-year U.S. Treasury notes. The settlement date is June 4. Joint lead managers for the transaction were Citigroup Global Markets Inc., Lehman Brothers, and Morgan Stanley. "Asian demand continues to be strong, representing over 20% of the distribution for this deal," said Louise Herrle, vice president, treasurer, and head of global debt funding at Freddie Mac.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
2h ago -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
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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.
April 18 -
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18