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Federal Home Loan Mortgage Corp - FMCC STOCK NEWS

Welcome to our dedicated news page for Federal Home Loan Mortgage (Ticker: FMCC), a resource for investors and traders seeking the latest updates and insights on Federal Home Loan Mortgage.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Federal Home Loan Mortgage's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Federal Home Loan Mortgage's position in the market.

News
Mortgage Rates Exceed 7 Percent for the First Time this Year
Rhea-AI Summary
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.
Rhea-AI Impact
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End-of-Day
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Freddie Mac Multifamily Announces More Than $20 Billion in Impact Bonds Issued Since Program Inception
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.21%
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Freddie Mac Multifamily Enhances Policies to Strengthen Due Diligence, Deter Fraud and Reduce Risks
Rhea-AI Summary
Freddie Mac Multifamily announced policy enhancements to strengthen due diligence, deter fraud, and reduce risks. The changes include increased property inspections, stronger 'Know Your Customer' requirements, and updated appraisal review processes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.85%
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Mortgage Rates Move Toward Seven Percent as Markets Digest Incoming Data
Rhea-AI Summary
Freddie Mac (FMCC) reports a 30-year fixed-rate mortgage at 6.88%, influenced by inflation and Federal Reserve policy. Inflation data shows minimal movement with an average growth rate of 3.3%. Market reacts differently, Dow Jones drops post-announcement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.2%
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Freddie Mac Sells $104 Million in Non-Performing Loans
Rhea-AI Summary
Freddie Mac announced the sale of 679 non-performing loans worth $104 million through an auction. The sale is part of Freddie Mac's Standard Pool Offerings (SPO®) and is expected to settle in June 2024. The winning bidder is RCAF Loan Acquisition, LP managed by Pretium Residential Credit Management,
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.89%
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Mortgage Rates Continue to Show Little Movement
Rhea-AI Summary
Freddie Mac's Primary Mortgage Market Survey reveals the 30-year fixed-rate mortgage averaged 6.82 percent, with little movement. Chief Economist Sam Khater predicts rates will remain stable despite lower inflation signals. Inventory improvements may moderate home price growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.13%
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Mortgage Rates Drop Slightly
Rhea-AI Summary
Freddie Mac (FMCC) reports a 30-year fixed-rate mortgage at 6.79%, down from last week's 6.87%. The 15-year FRM is at 6.11%. Positive data on existing home sales is noted, with rates remaining elevated near seven percent. Freddie Mac aims to make home ownership possible for families nationwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.67%
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Freddie Mac Issues Monthly Volume Summary for February 2024
Rhea-AI Summary
Freddie Mac (FMCC) released its Monthly Volume Summary for February 2024, showcasing details on mortgage portfolios, securities issuance, risk management, delinquencies, debt activities, and investments, aligning with its mission to support housing market stability and affordability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.83%
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Mortgage Rates Increase, Nearing Seven Percent
Rhea-AI Summary
Freddie Mac reports an increase in mortgage rates with the 30-year fixed-rate mortgage averaging 6.87 percent, up from the previous week. Despite the rise, homebuilders are optimistic due to increased home inventory and new construction, as well as expectations of a future rate cut by the Federal Reserve.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.61%
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News
Freddie Mac and ICE Collaborate to Help Lenders Improve Loan Quality
Rhea-AI Summary
Freddie Mac (FMCC) and Intercontinental Exchange (ICE) collaborate to enhance loan quality in the mortgage origination process, leveraging automation technologies. The partnership aims to help lenders underwrite mortgage loans efficiently, reducing risks and improving efficiency. The announcement was made during the ICE Experience 2024 conference, emphasizing the commitment to improving loan quality and reducing defects in the housing finance market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.82%
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Federal Home Loan Mortgage Corp

OTC:FMCC

FMCC Rankings

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FMCC Stock Data

946.81M
650.07M
0%
0.25%
7.96%
Savings Institutions
Finance and Insurance
Link
United States
Wilmington

About FMCC

freddie mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. since our creation by congress in 1970, we’ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. we are building a better housing finance system for homebuyers, renters, lenders and taxpayers.