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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Ohio-based Liberty Home Mortgage joins several companies who started using a more modernized FICO credit score for nonconforming mortgage originations recently.
9h ago -
The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.
10h ago -
The plan that the Federal Housing Finance Agency floated calls for Freddie Mac to actively invest in some new closed-end seconds as cash-out refinancing subsides.
April 17 -
The push comes amid what one expert highlighted as lax funding efforts for two Department of Housing and Urban Development grant programs.
April 17 -
Conventional lending drove volumes higher, particularly in the purchase market, the Mortgage Bankers Association said.
April 17 -
Net charge-offs at the Charlotte, North Carolina-based bank increased by more than 80% in the first quarter compared with a year earlier. BofA executives say that the rising losses were in line with the bank's risk appetite.
April 16