Freddie Mac has priced the $2.75 billion cash offering portion of 4.125% five-year Reference Notes due July 12, 2010.The issue (CUSIP 3134A4VB7) was priced at 99.880 to yield 4.151%, or 28.5 basis points more than five-year U.S. Treasury notes. The settlement date is June 21. The remaining portion of the security is being issued in exchange for Reference Notes accepted by Freddie Mac pursuant to an exchange offer for five previously issued Reference Notes securities. Freddie Mac can be found online at http://www.freddiemac.com.
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BofA is betting the Federal Reserve will make only one cut to the federal funds rate by the end of this year. MBA says originators are in for a $1.6 to $1.8 trillion year.
20m ago -
The goal of Newrez's litigation, OneTrust claims, is not to secure a favorable judgment, "but to harm OneTrust's standing and reputation."
3h ago -
Originators misled VA refinance applicants into believing they could skip two months of mortgage payments, the Federal Deposit Insurance Corporation said.
5h ago -
The announcement, made at the Mortgage Bankers Association's Secondary Markets Conference, underscores Ginnie Mae's role at the forefront of digitization efforts in the capital markets space.
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Horton, who stepped back from an executive role at his company D.R. Horton in October, died suddenly on Thursday.
May 17 -
A recommendation to give Ginnie Mae expanded authorities is drawing focus in the reactions to a Financial Stability Oversight Council report on nonbank risks.
May 17