Federal Home Stock Price, News & Analysis

Freddie Mac (OTCQB: FMCC) selected Comunidad Partners as its inaugural Impact Sponsor of the Year for 2021. This award honors those enhancing affordable rental housing while advancing tenant interests. Comunidad, alongside Bellwether Capital, launched a $300 million Tenant Advancement Commitment in 2021 to ensure affordable rents for thousands of units and provide social services. The firm, which is 100% minority and women-owned, focuses on revitalizing affordable housing with an emphasis on cultural management and community investment.

Freddie Mac (OTCQB: FMCC) has initiated a cash tender offer for its STACR® Debt Notes, effective February 1, 2022. The offer will run until 5 p.m. ET on February 7, 2022, with a settlement date anticipated on February 9, 2022. The total consideration will depend on the original principal amount and the Tender Offer Consideration for each note, including accrued interest. BofA Securities and Barclays Capital serve as lead dealers. This announcement does not serve as a solicitation or recommendation for any holder of the securities.

Freddie Mac (OTCQB: FMCC) has priced a new offering of Multifamily WI K-Deal Certificates, amounting to approximately $685 million in Series WI-K140, expected to settle by January 31, 2022. The WI Certificates will initially be backed by cash assets and later by a pool of fixed-rate multifamily mortgages, primarily with 10-year terms. Key classes include A-2 with a principal of $500 million and A-M with $185 million, both featuring fixed-rate coupons of 2.25%. The offering involves multiple co-lead managers and aims to enhance Freddie Mac's multifamily financing strategy.

Freddie Mac (OTCQB: FMCC) revealed the results of its Primary Mortgage Market Survey®, indicating that the 30-year fixed-rate mortgage (FRM) averaged 3.55% for the week ending January 27, 2022, down from 3.56% the previous week. The 15-year FRM averaged 2.80%, up from 2.79%, while the 5-year Treasury-indexed hybrid ARM averaged 2.70%, up from 2.60%. Despite recent rate increases, demand for home purchases remains stable. Freddie Mac aims to enhance housing accessibility for all Americans.

Freddie Mac (OTCQB: FMCC) released its Monthly Volume Summary for December 2021, detailing its mortgage-related portfolios and debt activities. The report highlights the company's role in providing mortgage capital to lenders, contributing to accessible housing since its establishment in 1970. Freddie Mac aims to improve the housing finance system for homebuyers, renters, and lenders, thereby enhancing housing affordability nationwide.

Freddie Mac (OTCQB: FMCC) has released its 2022 Quarterly Forecast, predicting a stable single-family housing market despite rising mortgage rates. The report suggests homebuyer demand may moderate, resulting in slower house price growth. Key projections include a rise in purchase originations from $1.9 trillion in 2021 to $2.1 trillion in 2022, while refinance activity is expected to drop from $2.7 trillion to $1.2 trillion. The average 30-year fixed-rate mortgage is anticipated to increase to 3.6% in 2022, compared to 3.0% in 2021.

Freddie Mac (OTCQB: FMCC) reported in its Primary Mortgage Market Survey (PMMS) that the 30-year fixed-rate mortgage averaged 3.56% for the week ending January 20, 2022, an increase from 3.45% the previous week and up from 2.77% a year ago. The 15-year fixed-rate mortgage rose to 2.79%, and the 5-year adjustable-rate mortgage averaged 2.60%. Chief Economist Sam Khater noted that rising mortgage rates, driven by the 10-year U.S. Treasury yield and inflation concerns, have led to a decline in purchase demand as the spring homebuying season approaches, despite tight supply and high home prices.

Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates, specifically the K-137 Certificates, backed by fixed-rate multifamily mortgages. The expected issuance will total approximately $1.1 billion, with settlement anticipated on or about January 21, 2022. The offering details include various classes and their respective amounts, weighted average life, spread, coupon rates, and yields. Freddie Mac aims to manage risk and enhance investor opportunities through these structured securities.

Freddie Mac (OTCQB: FMCC) has announced the pricing of its SB94 offering, a multifamily mortgage-backed securitization backed by small balance loans, totaling approximately $400 million in SB Certificates, expected to settle around January 21, 2022. This transaction marks the first SB Certificate issuance in 2022. Freddie Mac guarantees four senior classes of securities from the FRESB 2022-SB94 Mortgage Trust, while also acting as loan seller and master servicer. This initiative aims to provide greater liquidity to smaller apartment properties and enhance service in less populated markets.