Freddie Mac has announced the pricing of $500 million of fixed-rate noncumulative perpetual preferred stock.The 20 million shares of preferred stock (CUSIP: 313400657) are being offered at $25 per share with a dividend rate of 6.02%, the government-sponsored enterprise said. The GSE will have the option to redeem all or part of the shares on or after June 30, 2012, at $25 per share plus accrued dividends. The stock is being offered via a syndicate of six dealers. Freddie Mac can be found online at http://www.freddiemac.com.
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Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
1h ago -
Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
1h ago -
A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
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The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
4h ago -
Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25