Fannie Mae Redemption
Fannie Mae (NYSE:FNM – News) will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption:
Principal Security Interest Maturity CUSIP Redemption Amount Type Rate Date Date $3,250,000 FINP 5.750% Feb. 9, 2022 3135A0H85 March 15, 2010 $3,203,000 FINP 5.000% March 29, 2030 3135A0FF1 March 15, 2010 $100,000,000 MTN 1.750% March 15, 2012 3136FJBV2 March 15, 2010 $30,000,000 MTN 3.000% Sept. 15, 2014 3136FJBM2 March 15, 2010 $50,000,000 MTNR 3.250% Sept. 15, 2014 3136FJAG6 March 15, 2010 $25,000,000 MTN 3.000% Sept. 15, 2016 3136FH7M1 March 15, 2010 $25,000,000 MTN 3.000% Sept. [Read the full article]
The Treasury Department was forced Friday to reiterate its financial support for Fannie Mae and Freddie Mac after a key lawmaker rattled investors by pointing out that their debt does not enjoy the explicit guarantee of the federal government.
Speaking to reporters at a housing conference, Rep. Barney Frank, D-Mass., noted that debt issued by the two mortgage finance companies is different from bonds issued by the Treasury Department. He also raised the risk that investors in the companies’ debt may not be paid back.
“I’ve always said to people, even when I was not too worried about Fannie and Freddie, please do not think this is federally guaranteed,” Frank said. [Read the full article]
HFF, Inc. (NYSE:HF – News) (the Company) today announced that it has elected Steven E. Wheeler as a Class I director of the Board of Directors (the Board) of the Company. Mr. Wheeler will serve on the Compensation Committee and the Nominating and Corporate Governance Committee of the Board. The Company also announced that it has been notified by John Z. Kukral, the lead independent director of the Board, that he will not stand for re-election as a Class I director at the 2010 annual meeting of the Company stockholders due to other business commitments. The Board has elected Deborah H. McAneny, a director of the Company, to serve as lead independent director of the Board effective as of the date of the 2010 annual meeting of the Company stockholders. [Read the full article]
HFF Inc., which provides commercial real estate services, said Friday it has elected the president of a private investment firm, Steven E. Wheeler, to its board.
HFF also said that a current member, John Z. Kukral, will not stand for re-election at the 2010 annual meeting. The board has elected Deborah H. McAneny as lead independent director, effective on the date of the annual meeting.
Wheeler, 63, is president of Wheeler & Co. and a principal in real estate investment firm Hall Properties Inc. He previously was a managing director at Copley Real Estate Advisors and CEO of Copley Properties Inc., a publicly traded real estate investment trust. [Read the full article]