Freddie Mac has priced $4 billion of 5.00% two-year Reference Notes due June 11, 2009.The issue (CUSIP: 3137EAAT6) was priced at 99.851 to yield 5.076%, 23.5 basis points more than two-year Treasury notes, the government-sponsored enterprise said. The settlement date is May 25. The new security was offered via a syndicate of dealers headed by Bear, Stearns & Co., Citigroup Global Markets Inc., and Credit Suisse. Freddie Mac can be found on the Web at http://www.freddiemac.com.
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Title insurers, whose activity is highly correlated to mortgage production, wrote $15.1 billion in premiums during 2023, down from $21 billion in 2022 and $26.2 billion for the year before that.
10h ago -
The Federal Open Market Committee held the federal funds rate at current levels, citing "lack of further progress" toward meeting inflation goals.
11h ago -
Both quasi-public mortgage investors have new requirements for when borrowers question valuations. Freddie Mac is expanding use of title insurance alternatives.
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A new policy directive aims to fortify critical infrastructure by enhancing collaboration between U.S. intelligence agencies and systemically important financial entities.
May 1 -
Mark Warren and Thom Tillis have introduced the Secure Artificial Intelligence Act of 2024 to address the unique risks of AI.
May 1 -
The April 26 update came two days after the group received preliminary approval for the Sitzer/Burnett agreement.
May 1