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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 Inch Up but Remain in the Mid-Six Percent Range
Rhea-AI Summary
Freddie Mac (FMCC) released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.69 percent. The 30-year FRM averaged 6.69 percent as of January 25, 2024, up from last week when it averaged 6.60 percent. A year ago at this time, the 30-year FRM averaged 6.13 percent. The 15-year FRM averaged 5.96 percent, up from last week when it averaged 5.76 percent. A year ago at this time, the 15-year FRM averaged 5.17 percent. Despite persistent inventory challenges, Freddie Mac anticipates a busier spring homebuying season than 2023, with home prices continuing to increase at a steady pace.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.76%
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News
Freddie Mac Releases Updated Single-Family Social Bond Framework
Rhea-AI Summary
Freddie Mac announces updated Single-Family Social MBS and Corporate Debt Bonds Framework to support underserved borrowers. The company aims to provide mission-driven investment opportunities and actionable information to MBS investors. The framework includes the renaming and reformulation of the Mission Index and sets criteria for eligible mortgage collateral. The company plans to provide Social MBS impact reporting annually beginning in 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.88%
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News
Freddie Mac Multifamily Supports Over 423,000 Affordable Rental Units in 2023, on Track to Exceed Affordable Housing Goals
Rhea-AI Summary
Freddie Mac Multifamily announced that its 2023 volume totaled over $49 billion, including $48.3 billion in multifamily financing and over $883 million in Low-Income Housing Tax Credit (LIHTC) equity investments. The company exceeded its mission-driven affordable housing targets, supporting 423,177 affordable rental units across the United States. 66% of 2023 production volume qualified as 'mission-driven affordable housing,' surpassing the 50% goal set by FHFA. More than 67% of goal-eligible units financed through loan acquisitions were affordable to low-income residents earning less than 80% of area median income (AMI), and more than 20% were affordable to very low-income residents with incomes no greater than 50% of AMI, surpassing both goals. 92% of all units financed in 2023 were affordable at or below 120% of AMI.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
18.95%
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none
News
Mortgage Rates Decrease to Lowest Level Since May of 2023
Rhea-AI Summary
Freddie Mac reports a decrease in mortgage rates, with the 30-year fixed-rate mortgage dropping to 6.60 percent, the lowest level since May 2023. This is encouraging for first-time homebuyers but could put pressure on the already depleted housing inventory.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.27%
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News
Roy Swan to Join Freddie Mac’s Board of Directors
Rhea-AI Summary
Freddie Mac (FMCC) appoints Roy Swan, an experienced executive in law, banking, corporate finance, and investment management, to its Board of Directors. Swan's extensive background in financial services and impact investing makes him uniquely qualified for the role. His election is set to take effect on February 19, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.02%
Tags
management
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News
Mortgage Rates Continue to Hover in the Mid-Six Percent Range
Rhea-AI Summary
Freddie Mac (FMCC) reports 30-year fixed-rate mortgage averaging 6.66 percent, causing homebuyer demand to increase slightly. Affordability remains a major headwind for buyers, with prices rising faster than incomes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.66%
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none
News
Mortgage Rates Move Sideways as Markets Digest Incoming Data
Rhea-AI Summary
Freddie Mac (FMCC) reports 30-year fixed-rate mortgage at 6.62%, with expectations of further downward drift due to potential rate cuts and receding inflationary pressures.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.27%
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none
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News
Freddie Mac Multifamily Issued Over $53 Billion in 2023 Securities
Rhea-AI Summary
Freddie Mac (FMCC) issued over $53 billion in multifamily securities in 2023, transferring risk to private investors and fulfilling its countercyclical role in the rental housing market. The company adapted to market demands, increasing its Multi PC issuances by 30% and executing its first fully guaranteed K-Deal. It also issued $4.7 billion in Green, Social and Sustainability Impact Bonds.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.27%
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none
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News
Freddie Mac Posts 2023 Year-End NAIC Designations for STACR REMIC Trust, STACR Trust, and STACR Debt Notes
Rhea-AI Summary
Freddie Mac (FMCC) published the 2023 NAIC filing year designations for its STACR REMIC Trust, STACR Trust, and STACR Debt Notes, with 94.95% achieving NAIC 1 Designation. 38 STACR Notes had NAIC Designation upgrades relative to 2022, showing positive market performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.71%
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none
News
Heading into the New Year, Mortgage Rates Remain on a Downward Trend
Rhea-AI Summary
Freddie Mac (FMCC) reports 30-year fixed-rate mortgage at 6.61%, down from 6.67% last week. The 15-year FRM averaged 5.93%, down from 5.95% last week. The PMMS® focuses on conventional, conforming, fully amortizing home purchase loans for borrowers with 20% down and excellent credit.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.26%
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none
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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.