Freddie Mac's $3 billion 5% Reference Note offering due July 15, 2014, has generated what the government-sponsored enterprise says is a record level of Asian investor participation for a new issue of the GSE's 10-year debt.Louise Herrle, vice president, treasurer, and head of global debt funding at Freddie Mac, said the demand from Asian buyers for the 10-year Reference Note offering was "remarkable," representing more than 30% of the distribution for the deal. The issue (CUSIP 3134A4UU6) was priced at 99.681 to yield 5.041%, or 56.5 basis points more than 10-year Treasury notes, and offered by a syndicate of dealers headed by joint lead managers Citigroup Global Markets Inc., J.P. Morgan Chase, and Lehman Brothers. 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.
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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.
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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.
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The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
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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.
April 25