Freddie Mac has priced $3 billion of 4.5% 10-year Reference Notes due Jan. 15, 2015.The issue (CUSIP: 3134A4UX0) was priced at 99.659 to yield 4.543%, 33.5 basis points more than 10-year Treasury notes, the government-sponsored enterprise said. Bear, Stearns & Co., J. P. Morgan Chase, and Lehman Brothers were the joint lead managers of the transaction.
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Plaintiffs seeking class certification claim the bank uses an underwriting system that discriminates against minority mortgage applicants.
6h ago -
Profits in the originations and servicing segment at Newrez drove earnings, while a possible spinoff of Rithm's mortgage operations is still seen as a "work in progress," according to company leaders.
7h ago -
Rep. French Hill, the No. 2 Republican on the House Financial Services Committee, promised bankers Tuesday that he will continue to push back against Biden administration regulators, especially on bank-fintech partnerships and digital assets.
9h ago -
The investment giant said its direct-to-consumer channel will offer ancillary products in preparation for any future refinance environment.
11h ago -
But strong g-fees, a positive credit-loss adjustment and stable home prices bolstered results despite declines in mortgage purchases to lows not seen in some time.
April 30 -
AI is eliminating some of the day-to-day drudgery of a mortgage professional, giving them space to create more success in their career.
April 30