Freddie Mac has priced $4 billion of 4.875%, three-year Reference Notes due on Feb. 9, 2010.The issue (CUSIP: 3137EAAP4) was priced at 99.661 to yield 4.998%, 22.0 basis points more than three-year Treasury notes, the government-sponsored enterprise said. The new security was offered via a syndicate of dealers headed by Deutsche Bank Securities Inc., Lehman Brothers, and Merrill Lynch.
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Malhotra joins the home finance giant after previously helping launch platforms to provide generative AI enterprise solutions and founding a technology research lab at the global multinational firm.
5h ago -
The reverse-mortgage lender saw a quarterly loss but expects originations to increase 10% in the second quarter, as it attempts to address high-yield debt concerns.
6h ago -
Capital Community Bank of Provo has purchased Security Home Mortgage, headquartered in nearby Orem.
9h ago -
Mike Kortas, CEO of NEXA, alleges he fired his former co-owner, Mat Grella, because he added himself as a "new manager" of the company in a filed amendment to the company's articles of organization.
11h ago -
Price growth is decelerating but still driving historic home equity gains for owners and widening the gap between the haves and have-nots in housing, ICE finds.
May 6 -
Ex-CEO Michael Strauss used the lender's bank various accounts to pay for his own expenses, a trustee for the failed lender claims.
May 6