Freddie Mac has priced Reference REMIC R007’s $2.0 billion, 5.875% Guaranteed Maturity Class AC (CUSIP 31396NPF7) at 99.92968750 to yield 5.8992%, or 90 basis points over the interpolated Treasury curve.The class has a final maturity date of May 15, 2016. Goldman Sachs Group, Merrill Lynch and RBS Greenwich Capital served as the lead underwriters for Reference REMIC R007. Co-managers of the transaction were Barclays Capital Inc., Bear Stearns & Co. Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and J.P. Morgan Chase. The transaction also involved a selling group. Freddie Mac can be found on the Web at http://www.freddiemac.com.
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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 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25