Freddie Mac reports recurring developments tied to U.S. housing finance, mortgage liquidity and its role as the Federal Home Loan Mortgage Corporation. Company news commonly covers the Primary Mortgage Market Survey® for conventional conforming mortgage rates, quarterly financial results, monthly volume summaries and activity across mortgage-related portfolios, securities issuance, delinquencies, debt activities and risk management.
Freddie Mac also reports capital markets activity connected to its Single-Family credit risk transfer programs. Updates include STACR® Structured Agency Credit Risk notes, ACIS® reinsurance transactions and tender offers for certain STACR securities, reflecting the company’s use of private capital markets to transfer residential mortgage credit risk.
Freddie Mac (OTCQB: FMCC) has announced the sale of 28 deeply delinquent non-performing residential first lien loans (NPLs) to VRMTG ACQ, The transaction, valued at approximately $5.3 million, is part of Freddie Mac's Extended Timeline Pool Offering (EXPO®) and is expected to settle in June 2025.
Key details of the sale include:
- Average loan balance: $188,000
- Average delinquency: 16 months
- Geographic location: Texas
- Previously modified loans: 55% of pool balance
The sale is part of Freddie Mac's strategy to reduce less-liquid assets in its mortgage-related investments portfolio. Since 2011, the company has sold $10.4 billion of NPLs and securitized about $80.3 billion of re-performing loans through various programs.
Freddie Mac (OTCQB: FMCC) reports that the 30-year fixed-rate mortgage (FRM) continues its downward trend, averaging 6.62% as of April 10, 2025, a decrease from 6.64% last week and 6.88% from the previous year. The mortgage rate has remained below 7% for twelve consecutive weeks.
The 15-year FRM held steady at 5.82%, down from 6.16% a year ago. According to Sam Khater, Freddie Mac's Chief Economist, purchase applications are increasing, suggesting a more favorable spring homebuying season compared to last year.
Freddie Mac (OTCQB: FMCC) reports a slight decrease in mortgage rates, with the 30-year fixed-rate mortgage (FRM) averaging 6.64% as of April 3, 2025, down from 6.65% last week and 6.82% a year ago. The 15-year FRM decreased to 5.82% from 5.89% last week, compared to 6.06% a year ago.
According to Sam Khater, Freddie Mac's Chief Economist, the 30-year fixed-rate has shown stability over the last month, leading to increased purchase application demand reaching the highest growth rate since late last year.
Freddie Mac (OTCQB: FMCC) has successfully sold 1,458 deeply delinquent non-performing residential first lien loans (NPLs) through an auction, totaling approximately $261 million. The transaction, part of Freddie Mac's Standard Pool Offerings (SPO®), is expected to settle in May 2025.
The sale was structured in three pools:
- Pool #1: $178.3 million (990 loans)
- Pool #2: $65.4 million (375 loans)
- Pool #3: $17.6 million (93 loans)
RCAF Loan Acquisition, LP won Pool #1, while Residential Credit Opportunities X, secured Pools #2 and #3. About 54% of the loans were previously modified before becoming delinquent. Purchasers must honor existing loss mitigation agreements and seek additional assistance for distressed borrowers.
Freddie Mac (OTCQB: FMCC) reported a slight decrease in mortgage rates, with the 30-year fixed-rate mortgage (FRM) averaging 6.65% as of March 27, 2025, down from 6.67% last week and 6.79% a year ago. The 15-year FRM increased to 5.89% from 5.83% last week, though lower than the 6.11% recorded a year ago.
According to Sam Khater, Freddie Mac's Chief Economist, the stable mortgage rates are benefiting potential homebuyers this spring, as evidenced by an increase in purchase applications. The survey focuses on conventional, conforming, fully amortizing home purchase loans for borrowers with 20% down payment and excellent credit.
Freddie Mac (OTCQB: FMCC) has released its Monthly Volume Summary for February 2025, providing comprehensive insights into the company's operational metrics. The report includes details about mortgage-related portfolios, securities issuance, risk management practices, delinquency rates, debt activities, and investment positions.
Freddie Mac (OTCQB: FMCC) released its Primary Mortgage Market Survey® showing mortgage rates remained relatively stable. The 30-year fixed-rate mortgage (FRM) averaged 6.67% as of March 20, 2025, a slight increase from 6.65% last week, but lower than the 6.87% recorded a year ago.
The 15-year FRM averaged 5.83%, up marginally from 5.80% last week, and down from 6.21% compared to the previous year. Chief Economist Sam Khater noted that the 30-year FRM has remained under 7% for nine consecutive weeks, creating favorable conditions for both buyers and sellers.
Freddie Mac (OTCQB: FMCC) reports that the 30-year fixed-rate mortgage (FRM) averaged 6.65% as of March 13, 2025, showing a minimal increase from last week's 6.63%. The rate remains lower compared to 6.74% recorded a year ago.
The 15-year FRM slightly increased to 5.80% from last week's 5.79%, down from 6.16% a year ago. According to Chief Economist Sam Khater, despite market volatility, mortgage rates have remained relatively stable, leading to a 5% increase in purchase applications compared to the previous year.
The combination of moderately lower mortgage rates and improving inventory presents favorable conditions for homebuyers during the important spring homebuying season.
Freddie Mac (OTCQB: FMCC) has announced a $290 million non-performing loan (NPL) sale through auction. The offering comprises seasoned, deeply delinquent residential first lien whole loans from Freddie Mac's mortgage-related investments portfolio.
The NPLs are being offered through four pools: three Standard Pool Offerings (SPO) and one Extended Timeline Pool Offering (EXPO) targeting smaller investors, including non-profits and minority-owned businesses. Bids are due by March 27, 2025 for SPO pools and April 10, 2025 for the EXPO pool.
Since 2011, Freddie Mac has sold $10.4 billion of NPLs and securitized approximately $79.6 billion of re-performing loans (RPLs), including $30.4 billion via guaranteed MBS, $36.2 billion through SCRT program, and $13.0 billion via SLST program.
Freddie Mac (OTCQB: FMCC) has announced the pricing of its first Seasoned Credit Risk Transfer Trust (SCRT) offering of 2025, a securitization valued at approximately $759 million. The offering includes $727 million in guaranteed senior certificates and $32 million in non-guaranteed mezzanine and subordinate certificates.
The transaction, expected to settle on March 11, 2025, is backed by 4,678 seasoned re-performing loans (RPLs), including both modified loans to assist borrowers at risk of foreclosure and unmodified loans. All mortgage loans are current as of the Cut-Off Date and will be serviced by Select Portfolio Servicing, Inc.
To date, Freddie Mac has sold over $10.4 billion of Non-Performing Loans and securitized approximately $79.6 billion of RPLs, consisting of $30.4 billion in guaranteed PCs, $36.2 billion in SCRT securities, and $13.0 billion in SLST securities.