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.
-
In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
3h ago -
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