Freddie Mac has priced Reference REMIC R-006, Class AK, a $2.25 billion issue of real estate mortgage investment conduit securities.The issue (CUSIP: 31396JSK2) was priced at 99.65234375 to yield 5.8535%, or 95 basis points over the interpolated Treasury curve, the government-sponsored enterprise said. Class AK is a "guaranteed maturity class" (with a coupon of 5.75%) designed to reduce extension risk for investors, a special feature of Reference REMICs. Banc of America Securities, Citigroup Global Markets Inc., and Goldman Sachs Group were the lead underwriters of the transaction.
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Ex-CEO Michael Strauss used the lender's bank various accounts to pay for his own expenses, a trustee for the failed lender claims.
5h ago -
At the same time, market share among a trio of the mortgage insurers shifted, data compiled by Keefe, Bruyette & Woods found.
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Gary Farro's testimony focused on both the banking activity of Michael Cohen, a former Trump attorney who paid $130,000 to an adult film actress in 2016, and First Republic Bank's due diligence work.
May 5 -
New notices pointed out how large learning models could lead real estate businesses to unintentionally violate the Fair Housing Act in a marketing campaign.
May 3 -
The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency issued a 30-page guidebook on managing affiliate risks. The report builds on formal guidance issued last year.
May 3 -