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.
-
A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
6h ago -
Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
9h ago -
While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
11h ago -
The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
11h ago -
Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
11h ago -
The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
11h ago