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) will report its Q4 and full-year 2021 financial results on February 10, 2022, before U.S. markets open. A conference call to discuss the results will take place at 9 a.m. ET on the same day, with a webcast available for public access. The company aims to enhance housing accessibility through mortgage capital provision, reinforcing its role since its establishment in 1970. More information will be accessible on the Investor Relations page of Freddie Mac's website.
Freddie Mac (OTCQB: FMCC) reported that the 30-year fixed-rate mortgage averaged 3.55% for the week ending February 3, 2022, stable for three consecutive weeks. This stagnation reflects the economic challenges posed by the Omicron variant of COVID-19. Chief Economist Sam Khater anticipates that as the economy improves, mortgage rates will begin to rise again. In the meantime, strong homebuyer demand persists despite low supply, contributing to increased home prices. Comparatively, the 30-year FRM was 2.73% a year ago, with the 15-year FRM at 2.77%.
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.