Freddie Mac Multifamily Issued $65 Billion in 2022 Securities
Freddie Mac (OTCQB: FMCC) reported the issuance of $65.1 billion in securities through its Multifamily risk transfer platform in 2022.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Freddie Mac (OTCQB: FMCC) reported the issuance of $65.1 billion in securities through its Multifamily risk transfer platform in 2022. Notably, the company settled $46.5 billion in K-Deals and $14.7 billion through When-Issued K-Deals. Multi PC issuance reached a record $11.6 billion, rising from $7 billion in 2021. Freddie Mac's commitment to affordable housing is evident, with $4.8 billion issued across Impact Bonds. Since 2009, it has settled $629 billion in Multifamily securities.
Positive
- Issued $65.1 billion in securities through the Multifamily risk transfer platform in 2022.
- Settled $46.5 billion in K-Deals and $14.7 billion in When-Issued K-Deals.
- Increased Multi PC issuance to $11.6 billion from $7 billion in 2021, a 66% growth.
- Issued $4.8 billion in Impact Bonds across Green, Social, and Sustainability offerings.
Negative
- None.
Details
News Market Reaction – FMCC
The recorded move for FMCC in the trading session of this news was -0.02%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MCLEAN, Va., Jan. 12, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) issued
“In the face of turbulent capital markets, Freddie Mac continued to provide a steady issuance of Multifamily securities throughout 2022,” said Robert Koontz, senior vice president of Multifamily Capital Markets for Freddie Mac. “With the support of our growing investor base, we also continued to diversify, optimize and innovate our risk transfer technologies. These efforts helped Freddie Mac reach new heights in our support of affordable and workforce housing throughout the county.”
Freddie Mac has settled
$46.5 billion in K-Deals and$14.7 billion through When-Issued K-Deals$4.6 billion in SB-Deals®$11.6 billion in Multi PCs (including$760 million in P-Deals)$2.3 billion M-Deals®, ML-Deals® and Q-Deals$193 million in MSCR Notes$4.8 billion of Impact Bonds issuance across various deal types
In 2022, Freddie Mac Multifamily expanded When-Issued K-Deal offerings, providing investors with an opportunity to purchase certain K-Deal certificates prior to K-Deal settlement.
Freddie Mac grew its Multi PC issuance from
The company bolstered its commitment to affordable, quality rental housing, issuing a combined
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. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.
MEDIA CONTACT: Mike Morosi
(703) 918-5851
Michael_Morosi@FreddieMac.com
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.