FREDDIE MAC - $FMCC STOCK NEWS

Freddie Mac's Primary Mortgage Market Survey reveals a 30-year fixed-rate mortgage at 7.22%, increasing for five weeks straight. Chief Economist Sam Khater notes the impact on Spring Homebuying Season, as home sales peak between March and June. While rates rise, pending home sales show resilience. The 15-year FRM is also up, reflecting market trends and potential challenges for homebuyers.

Freddie Mac announced its First Quarter 2024 financial results, highlighting its mission to support families in the housing market. The company reported earnings and filed its Form 10-Q with the SEC. The results are available online, and a call will be held to discuss the findings.

Freddie Mac (FMCC) has announced the release date for its First Quarter 2024 financial results, scheduled for May 1, 2024. The company will report the results before the U.S. financial markets open and hold a call to share the results with the media at 9 a.m. Eastern Time. Freddie Mac aims to make homeownership possible for families by promoting liquidity, stability, affordability, and equity in the housing market.

Freddie Mac announced the sale of 20 non-performing loans totaling $5.7 million to GITSIT Solutions, , as part of the Extended Timeline Pool Offering (EXPO®). The loans are currently serviced by Specialized Loan Servicing and NewRez The sale aims to reduce less-liquid assets and improve borrower outcomes.

Freddie Mac published its Equitable Housing Finance Plan and Performance Report for 2023, emphasizing sustainable homeownership and rental opportunities for underserved communities. The Plan includes initiatives like down payment assistance, Special Purpose Credit Programs, renter credit building, and access to credit for historically underserved borrowers. The company aims to increase diversity across housing finance, support affordable housing creation and preservation, and provide resources for diverse homebuyers. Freddie Mac's actions are geared towards promoting equity in the single-family and multifamily housing markets.

Freddie Mac released its Monthly Volume Summary for March 2024, detailing mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities, and investments. The company aims to make homeownership accessible and promote market stability since 1970.

Freddie Mac reports an increase in mortgage rates, with the 30-year fixed-rate mortgage averaging 7.17 percent. Despite the rise, purchase demand remains steady, and sales of newly built homes saw a significant increase. The 15-year FRM also saw an uptick in rates compared to the previous week and the previous year. Freddie Mac's mission is to make homeownership possible for families, supporting liquidity, stability, affordability, and equity in the housing market.

Freddie Mac reports that the 30-year fixed-rate mortgage has exceeded 7 percent for the first time this year, reaching 7.10 percent. Potential homebuyers are faced with the decision of buying now or waiting for possible rate decreases later in the year. Purchase applications have risen modestly, but the impact of increasing rates on homebuyers remains uncertain.

Freddie Mac Multifamily has issued over $20 billion in Green, Social, and Sustainability bonds since 2019, supporting affordable housing and environmental initiatives. The company's Impact Bonds program aims to address housing challenges and provide transparency to investors, with a focus on social impact. In 2023, Social Bonds accounted for a majority of issuances, totaling over $2.6 billion. The Impact Bonds have financed 183,384 affordable units and water improvements saving 570 million gallons annually. Freddie Mac continues to innovate and adapt to support borrowers and tenants while meeting market demands.