Freddie Mac has priced $4 billion of 4.625%, three-year Reference Notes due on Dec. 19, 2008.The issue (CUSIP: 3134A4VH4) was priced at 99.686 to yield 4.737%, 30.0 basis points more than three-year Treasury notes, the government-sponsored enterprise said. The settlement date is Nov. 18. The new security was offered via a syndicate of dealers headed by Bear, Stearns & Co., J.P. Morgan Chase, and Merrill Lynch.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
10h ago -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
10h ago -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
10h ago -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25