Freddie Mac has priced $5 billion of 4.875%, three-year Reference Notes due on Feb. 17, 2009.The issue (CUSIP: 3137EAAA7) was priced at 99.983 to yield 4.881%, 28.0 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 Banc of America Securities, J.P. Morgan Chase, and Merrill Lynch.
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
The top five producers had an average dollar volume of VA and USDA loans of more than $35 million in 2023.
While income decreased from the fourth quarter, it accelerated on an annual basis across NVR's building and lending units.
Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges.
The mortgage lender and servicer announced that Ranjit Bhattacharjee, a capital markets veteran, and Kevin Barker, a financial analyst with two decades of experience, have joined its ranks.
