U.S. government-backed mortgage finance company Freddie Mac caused ripples through the debt market on Tuesday after weak results in a $3 billion, 5-year note auction. The reference note sold for 113.0 basis points above the 5-year Treasury benchmark. Before the auction, the 5-year spread was 105 bps...
The House of Representatives voted 331 to 90 on Wednesday to revamp the oversight of Freddie Mac, Fannie Mae, and the Federal Home Loan Bank. The legislation enables the creation of a new independent regulator with the authority to set capital standards, dismantle a company in financial trouble, and...
It might be getting a little boring to hear that Fannie Mae has once again failed to file its quarterly financial report to the Securities and Exchange Commission. This is the third straight quarter in which Fannie has filed a 12b-25 statement with the commission. Fannie has failed to file quarterly...