Freddie Mac has announced the pricing of 20 million shares of fixed-rate noncumulative perpetual preferred stock at $25 per share.The shares (CUSIP: 313400640) are being offered to investors with a dividend rate of 6.55%, the government-sponsored enterprise said. Freddie Mac said it will have the option to redeem all or part of the shares on or after Sept. 30, 2017, at $25 per share plus accrued dividends. Banc of America Securities LLC was the underwriter of the offering.
-
Max Levchin, CEO of the buy now/pay later lender, said recent tests show young adults prefer interacting with intelligent chatbots over phone-based agents, but the company doesn't foresee major cost savings from generative AI for a few more years.
1h ago -
Test your knowledge of the biggest mortgage headlines of the week. No. 2 pencil not required!
7h ago -
The San Diego company was back in the black with a net income of $28.5 million in the first quarter of 2024, up from a net loss of $93 million the previous quarter.
May 9 -
The agreements at the heart of the hearing did not cover the one reached with the National Association of Realtors or those people that only bought homes.
May 9 -
Feds say Chicago businessman Mark Steven Diamond defrauded at least 80 victims and caused at least $6 million in losses.
May 9 -
Fannie Mae's tool, used by originators to determine income levels for self-employed borrowers, aims to help them avoid potential underwriting errors, the government-sponsored enterprise said.
May 9