Welcome to our dedicated page for Federal Home news (Ticker: FMCC), a resource for investors and traders seeking the latest updates and insights on Federal Home stock.
Freddie Mac (OTCQB: FMCC), formally the Federal Home Loan Mortgage Corporation, regularly issues news and updates that reflect its role in U.S. housing finance. The company describes its mission as making home possible for families across the nation by promoting liquidity, stability and affordability in the housing market throughout all economic cycles. Since 1970, it reports having helped tens of millions of families buy, rent or keep their home.
News about Freddie Mac often covers mortgage rate trends through its Primary Mortgage Market Survey® (PMMS®). These releases provide average rates for products such as the 30-year and 15-year fixed-rate mortgage, focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit. Such updates can give readers insight into movements in mortgage costs and the company’s commentary on housing demand.
Another key news theme is Freddie Mac’s activity in credit risk transfer and securities issuance. The company publishes updates on its Single-Family Credit Risk Transfer (CRT) programs, including STACR® and ACIS® transactions, and on multifamily securities such as K-Deals®, Multi PCs®, SB-Deals®, M-Deals, ML-Deals, Q-Deals, MSCR notes and MCIP policies. These announcements describe how Freddie Mac transfers credit, interest-rate and liquidity risk away from U.S. taxpayers to private investors and (re)insurers.
Freddie Mac also releases information on its Monthly Volume Summary, tender offers for STACR notes, and exchange offers for Gold PCs and Giant PCs. Governance and leadership developments, such as changes in executive roles or board membership, are disclosed through press releases and related SEC filings. Investors and observers can use this news feed to follow Freddie Mac’s mortgage market surveys, securities issuance, risk transfer activity and corporate updates in one place.
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.
Freddie Mac (OTCQB: FMCC) reported a rise in mortgage rates, with the 30-year fixed-rate mortgage averaging 5.11% as of April 21, 2022, up from 5.00% the previous week. This marks a significant increase from 2.97% a year ago. The 15-year fixed-rate mortgage also rose to 4.38%, while the 5-year adjustable-rate mortgage reached 3.75%. Rising Treasury yields are influencing these changes, creating volatility in housing demand. While the market remains a seller’s domain, competition has softened for buyers interested in home purchases.
Freddie Mac (OTCQB: FMCC) forecasts the single-family purchase market to remain strong in 2022 despite rising mortgage rates. The Chief Economist suggests an expected moderation in homebuyer demand and house price growth due to increased rates. Key projections include a 30-year fixed-rate mortgage averaging 4.6% in 2022, house price growth at 10.4%, and home sales expected to reach 6.7 million. However, refinance originations are anticipated to decline significantly, from $2.8 trillion in 2021 to $960 billion in 2022.
Freddie Mac (OTCQB: FMCC) plans to issue $92.8 million in Social Bonds to finance 1,500 affordable senior housing units across four properties in Arizona. These units are targeted toward seniors with incomes at or below 50% of the area median income, reinforcing Freddie Mac's commitment to affordable multifamily housing. The loans are facilitated by Berkadia Seniors Housing & Healthcare for properties owned by Christian Care, Arizona's largest nonprofit provider of seniors housing. This issuance aims to provide socioeconomic opportunities and improve affordable housing accessibility.
Freddie Mac (OTCQB: FMCC) reported the results of its Primary Mortgage Market Survey on April 14, 2022, revealing that the 30-year fixed-rate mortgage averaged 5.00%, the highest in over ten years. This increase from 4.72% last week and 3.04% a year ago highlights challenges for potential homebuyers amid rising rates and high inflation. Additionally, the 15-year FRM averaged 4.17% and the 5-year ARM averaged 3.69%. The report indicates that affordability in homeownership is at a generational low due to these economic pressures.
Freddie Mac (OTCQB: FMCC) has announced the pricing of its first Seasoned Credit Risk Transfer Trust (SCRT) offering for 2022, valued at approximately $1.0 billion. This securitization includes around $958 million in guaranteed senior certificates and $86 million in unguaranteed subordinate certificates, comprising seasoned re-performing loans (RPLs). The transaction is set to settle on April 12, 2022, and is part of Freddie Mac's strategy to manage mortgage-related investment risks effectively. The loans are serviced by NewRez LLC and Specialized Loan Servicing LLC.
Freddie Mac (OTCQB: FMCC) reported the results of its Primary Mortgage Market Survey (PMMS) for April 7, 2022, revealing a significant rise in mortgage rates. The 30-year fixed-rate mortgage averaged 4.72%, a notable increase from 4.67% the previous week and 3.13% a year ago. Similarly, the 15-year FRM and 5-year ARM rates also saw increases, averaging 3.91% and 3.56%, respectively. This rise in rates, the fastest in nearly three decades, has diminished purchase activity as homebuyers face payments that are at least 20% higher than last year.
Freddie Mac (OTCQB: FMCC) announced the 2022 winners of its Home Possible RISE Awards, recognizing top clients for their excellence in affordable lending. The program honors lenders who help low-income borrowers achieve sustainable homeownership, especially amid rising home prices. In 2021, Freddie Mac purchased over 130,000 Home Possible loans and has facilitated homeownership for over 643,000 families since 2015. New this year is the Refinance category, rewarding originators with the highest volume and growth in refinance loans.