Federal Home Stock Price, News & Analysis

Freddie Mac (OTCQB: FMCC) has reached a significant milestone in its K-Deal securitization program, surpassing $500 billion in issuance volume with the settlement of K-F135. This innovative program, initiated in 2009, has transformed Freddie Mac Multifamily's operations by transferring credit risk to investors. Notably, 99.97% of loans securitized through K-Deals remain current, showcasing the program's success. In 2021 alone, Freddie Mac executed 67 deals totaling $63.5 billion. K-Bonds are recognized as leading benchmarks in the multifamily securities market.

Freddie Mac (OTCQB: FMCC) reported in its latest Primary Mortgage Market Survey that the average 30-year fixed-rate mortgage reached 5.30% as of May 12, 2022, up from 5.27% the previous week and significantly higher than 2.94% a year ago. The 15-year fixed-rate mortgage averaged 4.48%, a slight decrease from 4.52% last week, while the 5-year ARM rose to 3.98%. Chief Economist Sam Khater noted that rising rates are increasing monthly payments for homebuyers by approximately one-third compared to last year, which may dampen purchase demand moving forward.

Freddie Mac (OTCQB: FMCC) announced in its Impact Bonds Report that it has issued over $10 billion in Green, Social, and Sustainability Bonds since 2019. The company doubled its Impact Bond issuance in 2021, highlighting its commitment to support rental housing that is not only sustainable but also affordable. The report details:

• $4.6 billion in Green Bonds focusing on energy and water efficiency.
• $2.3 billion in Social Bonds aiding affordable housing for underserved populations.
• $3.4 billion in Sustainability Bonds promoting economic mobility.

Full details are in the report available on their website.

Freddie Mac (OTCQB: FMCC) announced on May 5, 2022, that the 30-year fixed-rate mortgage (FRM) averaged 5.27%, marking the highest rate since 2009. This increase from 5.10% last week reflects ongoing challenges in housing affordability and inflation. The 15-year FRM also rose to 4.52%, while the 5-year Treasury-indexed ARM reached 3.96%. The PMMS focuses on conventional loans for borrowers with excellent credit and 20% down payments. Freddie Mac continues its mission to enhance housing accessibility across the U.S.

Freddie Mac (OTCQB: FMCC) appointed Kevin Palmer as the head of its multifamily business, effective May 9, 2022. Palmer, a company veteran since 2001, previously served as senior vice president for Single-Family Portfolio Management. His appointment aims to enhance Freddie Mac's mission of supporting affordable rental housing. Michael DeVito, CEO, emphasized Palmer's extensive knowledge of the mortgage industry as key for leading the multifamily sector. Freddie Mac continues its commitment to making housing accessible and affordable across the U.S.

Freddie Mac (OTCQB: FMCC) announced that the 30-year fixed-rate mortgage averaged 5.10% as of April 28, 2022, slightly down from last week. The 15-year fixed-rate mortgage increased to 4.40%, and the 5-year ARM rose to 3.78%. Chief Economist Sam Khater noted that rapid home price growth and rising mortgage rates are impacting purchase demand. As a result, homebuyers are adapting by considering adjustable-rate mortgages and relocating to more affordable areas. A slowdown in demand is anticipated to stabilize home price growth.

Freddie Mac (FMCC) reported its first quarter 2022 results on April 28, 2022, filing its Quarterly Report on Form 10-Q with the SEC. The company aims to make housing accessible by providing mortgage capital to lenders. The earnings press release and financial results supplement are available on its investor website. A media call detailing these results will be held at 9 a.m. ET today, with a replay accessible for 30 days. Freddie Mac continues to strive for an improved housing finance system for homebuyers, renters, and taxpayers.

On April 25, 2022, Freddie Mac (OTCQB: FMCC) released its Monthly Volume Summary for March 2022. This report details its mortgage-related portfolios, securities issuance, risk management, delinquencies, and debt activities. The insights aim to enhance housing affordability and accessibility for families and individuals, continuing Freddie Mac's mission since its inception in 1970. For further details, visit their official website.

Freddie Mac (FMCC) announced it will report its Q1 2022 financial results on April 28, 2022, before the U.S. market opens. A conference call will take place at 9 a.m. ET, where the company will discuss these results. This call will be accessible via a webcast, and a replay will be available for 30 days. Freddie Mac aims to enhance housing accessibility and affordability by providing mortgage capital to lenders, continuing its mission since its establishment in 1970.