Freddie Mac has priced $2 billion of a new 4.75% syndicated callable note due on Dec. 8, 2010.The issue (CUSIP: 3128X2EV3) was priced at 100.00 to yield 4.75%, or 131.8 basis points more than five-year U.S. Treasury notes. The issue is callable at par on Dec. 8, 2005 and settles on Dec. 8. The joint lead managers for the transaction were Bear, Stearns & Co.; Citigroup Global Markets Inc.; and Merrill Lynch.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 -
The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
March 27 -
Equity is entitled to a little over $70,000 worth of damages.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27 -
Deferrals are up but still haven't outpaced loan modifications in conservatorship-era foreclosure prevention, according to the Federal Housing Finance Agency.
March 27