Freddie Mac has priced $2 billion of a new five-year, 4.125% syndicated callable security due Sept. 1, 2009.The issue, CUSIP number 3128X3VA8, was priced at 99.715 to yield 4.189%, or 74.1 basis points more than five-year U.S. Treasury notes. The issue, which is scheduled to settle Sept. 1, is callable at par on Sept. 1, 2005. Bear, Stearns & Co., Goldman Sachs Group, and Morgan Stanley are the joint lead managers for the transaction.
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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.
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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.
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Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
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Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
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