Freddie Mac has priced $5 billion of 5.125% five-year Reference Notes due April 18, 2011.The issue (CUSIP 3137EAAB5) was priced at 99.926 to yield 5.143%, or 36 basis points more than five-year U.S. Treasury notes. The settlement date is March 9. The syndicate of dealers offering the notes was headed by Citigroup Global Markets Inc., Goldman Sachs Group, and Lehman Brothers. An application was also made to list the issue on the Euro MTF market of the Luxembourg Stock Exchange. Freddie Mac can be found on the Web at http://www.freddiemac.com.
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The Federal Housing Administration removed housing finance firms from the list of permitted interested-party contributors in a new reverse-mortgage rule.
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The company's attorneys had previously managed to successfully decertify the class in the seven-year long case, but the decision was reversed last year.
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Banks and other financial market participants have been keyed into the central bank's communications around monetary policy expectations. But in an unpredictable economy, the guidance doesn't always hit the mark.
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UWM's leader Mat Ishbia saw his total compensation balloon to over $12 million compared to 2022, while Rocket's CEO received $3.4 million during the first four months of his tenure.
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The Federal Housing Finance Agency rule originally proposed last year aims to make it tougher to roll back measures designed to encourage more equitable lending.
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The top five producers had an average dollar volume of more than $99 million in jumbo production.
April 29