Freddie Mac has priced $5 billion of 3.375%, five-year Reference Notes due April 15, 2009.The issue (CUSIP 3134A4UQ5) was priced at 99.587 to yield 3.463%, or 39 basis points more than five-year U.S. Treasury notes. The settlement date is March 5. Joint lead managers for the transaction were Citigroup Global Markets Inc., J. P. Morgan Chase, and Lehman Brothers.
Freddie's plan "has merit," but if also used by Fannie, it might create competition for many closed-end, second liens in PL RMBS, according to new research.
The rightsizing measures impacted workers in Colorado and Florida who worked at acquired Computershare Mortgage Services and its affiliate Specialized Loan Servicing.
Former Angel Oak Lending Chief Marketing Officer Steven Winokur has come back into the non-qualified mortgage business by taking a marketing role at Carrington Mortgage Services.
The process of making changes to foreclosure prevention programs has been complicated by differences in how the Department of Veterans Affairs operates compared to an agency like the Federal Housing Administration.
Originators increased program offerings for the fifth consecutive month, but overall credit availability remains tight, the Mortgage Bankers Association said.
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.
