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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 Continue to Decrease
Rhea-AI Summary
Freddie Mac (FMCC) reports a decrease in the 30-year fixed-rate mortgage to 6.74%, down from 6.88% last week. The 15-year FRM also decreased to 6.16% from 6.22%. Freddie Mac's Chief Economist, Sam Khater, mentions the pressure of sticky inflation affecting rates, which are expected to remain high for a longer period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.99%
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News
Freddie Mac Announces Results of Tender Offer for Certain STACR Notes
Rhea-AI Summary
Freddie Mac announces tender results of offer to purchase STACR Notes, with approximately $1.49 billion aggregate original principal amount tendered and not withdrawn. The Offer was conducted in accordance with the conditions set forth in the Offer to Purchase and related Notice of Guaranteed Delivery. BofA Securities, Inc. and Nomura Securities International, Inc. are lead dealer managers for the Offer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.08%
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none
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News
Freddie Mac Multifamily Apartment Investment Market Index Finishes 2023 Up Nationwide Despite Fourth Quarter Decline
Rhea-AI Summary
Freddie Mac's Multifamily Apartment Investment Market Index (AIMI) decreased in Q4 2023 but increased over the full year, reflecting better investment conditions compared to the previous year. Despite high mortgage rates, AIMI showed a positive annual gain, with NOI remaining flat. The market adjusted to higher interest rates with a decrease in property prices, leading to investors paying less per dollar of property income.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.44%
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none
News
Mortgage Rates Dip Down
Rhea-AI Summary
Freddie Mac reports a decrease in 30-year fixed-rate mortgage to 6.88%, prompting a rise in applications after six weeks. Chief Economist highlights the impact of interest rates on purchase demand.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.82%
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News
Freddie Mac Announces $120 Million Non-Performing Loan Sale
Rhea-AI Summary
Freddie Mac announces sale of $120 million in non-performing loans via auction, targeting smaller investors through Extended Timeline Pool Offering. Bids due by April 4, 2024 for Standard Pool Offering and April 25, 2024 for Extended Timeline Pool Offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.92%
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News
Freddie Mac Announces Tender Offer for Any and All of Certain STACR Notes
Rhea-AI Summary
Freddie Mac initiates a fixed-price cash tender offer for STACR Notes, offering to purchase any and all listed Notes. The tender offer period begins on March 6, 2024, and expires on March 12, 2024. The Total Consideration paid to holders will be based on the original principal amount of the Notes, the applicable factor, and the Tender Offer Consideration. Freddie Mac expects the Settlement Date to occur on March 14, 2024, with purchased Notes expected to be paid on March 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.92%
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none
News
Freddie Mac Prices Approximately $618 Million Securitization of Re-Performing Loans
Rhea-AI Summary
Freddie Mac (FMCC) announced the pricing of its first Seasoned Credit Risk Transfer Trust (SCRT) offering of 2024, totaling approximately $618 million. The securitization includes guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned re-performing loans. The SCRT program aims to reduce less liquid assets in Freddie Mac's portfolio and mitigate credit and market risks. Series 2024-1 includes $585 million in guaranteed senior certificates and $32 million in non-guaranteed mezzanine and subordinate certificates. The transaction is set to settle on March 14, 2024, with underlying collateral of 3,635 seasoned RPLs. Freddie Mac has a history of successful NPL sales and securitizations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.87%
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News
Mortgage Rates Increase for the Fourth Consecutive Week
Rhea-AI Summary
Freddie Mac reports a 30-year fixed-rate mortgage at 6.94%, reaching a two-month high. Chief Economist Sam Khater notes challenges in home affordability due to rising rates and prices.
Rhea-AI Impact
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End-of-Day
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News
Freddie Mac Issues Monthly Volume Summary for January 2024
Rhea-AI Summary
Freddie Mac (FMCC) released its Monthly Volume Summary for January 2024, showcasing details on mortgage portfolios, securities issuance, risk management, delinquencies, debt activities, and investments. The company aims to support homeownership nationwide, ensuring market liquidity, stability, and affordability since 1970.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.8%
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none
News
Mortgage Rates Continue to Rise, Nearing Seven Percent
Rhea-AI Summary
Freddie Mac reports an increase in 30-year fixed-rate mortgages to 6.90%, attributing it to strong economic and inflation data. The Chief Economist highlights the impact of higher rates on housing affordability, stating that good economic news is now bad news for homebuyers.
Rhea-AI Impact
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End-of-Day
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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.