Freddie Mac has priced $5 billion of 4.625% two-year Reference Notes due Feb. 21, 2008, and $4 billion of 4.750% 10-year Reference Notes due Jan. 19, 2016.The two-year issue (CUSIP: 3134A4VL5) was priced at 99.883 to yield 4.686%, 27 basis points more than two-year Treasury notes, the government-sponsored enterprise said. The 10-year issue (CUSIP: 3134A4VN1) was priced at 99.330 to yield 4.835%, 39.5 bps more than 10-year Treasury notes. The settlement date for both issues is Jan. 13. Credit Suisse First Boston, Bear Stearns and Co., and Lehman Brothers led the transaction for the two-year security, and Goldman Sachs Group, Morgan Stanley, and UBS Investment Bank led for the 10-year issue. "Combined, these two transactions represent the largest single-month Reference Notes offering from Freddie Mac in the past two years," said John Radwanski, the GSE's assistant treasurer and vice president of debt funding.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18 -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
April 18 -
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
April 18 -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
April 18 -
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
April 18 -
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18