Freddie Mac has priced $2 billion of a new 4.125% syndicated callable security due Feb. 24, 2011.The issue, CUSIP number 3128X2ZQ1, was priced at 99.485 to yield 4.211%, or 118.2 basis points more than five-year U.S. Treasury notes. The issue, which is scheduled to settle Feb. 24, is callable at par on Feb. 24, 2006. The joint lead managers of the transaction are Credit Suisse First Boston, HSBC Securities, and Merrill Lynch. John Radwanski, Freddie Mac's managing director of global debt execution, said participation from European investors was "the strongest we've seen since introducing this product two years ago." Freddie Mac can be found online at http://www.freddiemac.com.
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Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
April 26 -
Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
April 26 -
A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
April 26 -
The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
April 26 -
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.
April 25 -
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.
April 25