Federal Home - FMCC STOCK NEWS

Freddie Mac (OTCQB: FMCC) announced the pricing of its new Structured Pass-Through Certificates, K-136, backed by fixed-rate multifamily mortgages totaling approximately $1.1 billion. The certificates are expected to settle around December 23, 2021. The K-136 Certificates offer various classes with unique terms, including principal amounts, weighted average life, and yields. The offering aligns with Freddie Mac's strategy to transfer risk from taxpayers to private investors via structured securities. The deal involves notable financial institutions as co-lead managers and includes regulatory compliance measures.

Freddie Mac (OTCQB: FMCC) has priced its SB93 offering, involving a multifamily mortgage-backed securitization of approximately $378 million in SB Certificates. This transaction, set to settle around December 23, 2021, is backed by small balance loans typically ranging from $1 million to $7.5 million. The company has executed its twelfth SB Certificate transaction in 2021. The SB93 offering showcases Freddie Mac's commitment to providing liquidity in the multifamily sector.

Freddie Mac (FMCC) reported that the 30-year fixed-rate mortgage averaged 3.12% for the week ending December 16, 2021, an increase from 3.10% the previous week. A year ago, it averaged 2.67%. The 15-year fixed-rate mortgage averaged 2.34%, down from 2.38% last week. Meanwhile, the 5-year ARM remained unchanged at 2.45%. Chief Economist Sam Khater noted that rising economic factors and monetary policy shifts are contributing to increased mortgage rates, which may limit homebuyer budgets amid high house prices and low supply.

Freddie Mac (FMCC) has announced the pricing of approximately $754 million in new Structured Pass-Through Certificates (K-F127 Certificates), which are expected to settle around December 23, 2021. These certificates are backed by floating-rate multifamily mortgages with 7-year terms and indexed to the Secured Overnight Financing Rate (SOFR). The offering includes a class of floating rate bonds, with a weighted average life of 6.71 years and a discount margin of 21 basis points. Key institutions involved include Wells Fargo and PNC Capital Markets.

Freddie Mac (OTCQB: FMCC) has announced disaster relief options for homeowners affected by recent tornadoes in Kentucky. The immediate assistance aims to help those in federally declared disaster areas. Homeowners should contact their mortgage servicers to access these options, which include short-term forbearance for up to 12 months without penalties. Various repayment plans are available post-forbearance, such as reinstatement, repayment plans, payment deferrals, and loan modifications. Freddie Mac's relief extends to insured losses outside declared disaster zones, ensuring comprehensive support for affected individuals.

Freddie Mac (OTCQB: FMCC) has announced the pricing of approximately $175 million for its new offering of Multifamily WI K-Deal Certificates, designated as Series WI-K748. The WI Certificates will initially be backed by cash assets for purchasing the A-M class of an upcoming K-Deal, transitioning to backing by a pool of fixed-rate multifamily mortgages with mostly 7-year terms upon the issuance of the K-Deal. The expected settlement date for the certificates is December 15, 2021.

Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates (K-SG2 Certificates) aimed at multifamily mortgage-backed securities, totaling approximately $626 million. The certificates, expected to settle on December 16, 2021, are designated as Sustainability Bonds due to their backing by mortgage loans that provide affordable housing for low-to-moderate-income families. Notable financial details include different classes of certificates with varying principal amounts, weighted average lives, spreads, coupons, and yields.

Freddie Mac (OTCQB: FMCC) reported that the average 30-year fixed-rate mortgage (FRM) is 3.10% for the week ending December 9, 2021, a slight decrease from 3.11% the prior week. A year ago, the average was 2.71%. The 15-year FRM averaged 2.38%, down from 2.39%, while the 5-year Treasury-indexed ARM averaged 2.45%, down from 2.49%. Chief Economist Sam Khater noted that mortgage rates remain stable but are influenced by the ongoing pandemic and housing affordability challenges.

Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates, known as K-J36 Certificates, backed by supplemental multifamily mortgages. Approximately $215 million in K Certificates are expected to settle on December 16, 2021. The classes include A-1 and A-2 with different principal amounts, weighted average life, and yield rates. This issuance is designed to shift risk from taxpayers to private investors. Freddie Mac is a major issuer of agency-guaranteed structured multifamily securities, supporting affordable housing.