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 (OTCQB: FMCC) announced the upcoming NAIC designations for its STACR Debt, STACR Trust, and STACR REMIC Trust notes for the 2021 filing year. These designations pertain to notes from transactions including STACR REMIC Trust 2021-DNA6, 2021-DNA7, 2021-HQA3, and 2021-HQA4. Once available, the NAIC designations will be included in the year-end designation file accessible on Freddie Mac's website. Freddie Mac's Credit Risk Transfer programs aim to enhance stability and affordability in the U.S. housing market while transferring credit risk to private capital.
Freddie Mac (OTCQB: FMCC) has appointed Steve Lineberger and Meg McElgunn as vice presidents of Production & Sales. Steve will manage the Western and Central regions, while Meg will lead the Northeast and Southeast regions. Richard Martinez, senior vice president of Multifamily Production & Sales, praised their leadership and experience in the multifamily sector. Lineberger has been with Freddie Mac since 2012, while McElgunn has a long history with the firm, focusing on multifamily small balance loans.
Freddie Mac (FMCC) has introduced its Single-Family Green Bond Framework, reinforcing its commitment to sustainable housing and long-term stakeholder value. The program has received a Light Green Second Opinion rating from CICERO Shades of Green. Since April 2021, Freddie Mac has issued over $600 million in Single-Family Green MBS, primarily financing energy-efficient improvements, including solar panel installations. The framework now broadens eligible mortgages, promoting green construction and energy efficiency. Additionally, Freddie Mac has issued $4.56 billion in Multifamily Green Bonds, designed to enhance water and energy efficiency.
Freddie Mac (OTCQB: FMCC) has released a white paper addressing the affordable housing crisis in High Opportunity Areas, focusing on local land-use rules and their impact on access to affordable rentals. The research highlights that only 11% of rental stock in these areas is affordable for low-income renters. The study suggests that preserving both multifamily and single-family rental housing is crucial for improving access and economic mobility. The findings aim to inform policy changes that could enhance the availability of rental housing.
Freddie Mac (OTCQB: FMCC) reported that the 30-year fixed-rate mortgage (FRM) averaged 3.11% for the week ending December 30, 2021, up from 3.05% the previous week and 2.67% a year ago. The 15-year FRM averaged 2.33%, also up from 2.30% last week, while the 5-year ARM averaged 2.41%, increasing from 2.37%. Freddie Mac's Chief Economist noted stable mortgage rates amid rising COVID cases and emphasized continued demand from first-time homebuyers into 2022.
Freddie Mac (OTCQB: FMCC) published two white papers under its Duty to Serve plan, focusing on enhancing liquidity for underserved markets. The first paper discusses multifamily resiliency efforts, highlighting the need for proactive measures in low-income and minority communities vulnerable to disasters. The second paper reviews the impact of Green Up and Green Up Plus programs, noting that since inception, loans totaling $64 billion have improved energy and water efficiency in nearly 630,000 units, saving an average of $191 per unit annually.
Freddie Mac (OTCQB: FMCC) released its Monthly Volume Summary for November 2021, detailing various aspects of its mortgage-related portfolios and securities issuance. The report includes insights into risk management, delinquencies, and debt activities. Established by Congress in 1970, Freddie Mac aims to make homeownership more accessible for families across the U.S., thereby enhancing the housing finance system.
Freddie Mac (OTCQB: FMCC) reported that the 30-year fixed-rate mortgage averaged 3.05% for the week ending December 23, 2021, a decrease from 3.12% the previous week. The 15-year fixed-rate mortgage averaged 2.30%, down from 2.34%, while the 5-year Treasury-indexed ARM decreased to 2.37% from 2.45%. Chief Economist Sam Khater noted that market volatility from the COVID-19 Omicron variant is influencing these mortgage rate declines. However, rates are expected to rise in 2022, potentially affecting homebuyer demand and refinance activity.
Freddie Mac (OTCQB: FMCC) announced a pricing of approximately $195 million for its new offering of Multifamily WI K-Deal Certificates, Series WI-K139. These securities will initially be backed by cash assets, transitioning to a pool of fixed-rate multifamily mortgages once a reference K-Deal is issued. Settlements are expected around December 22, 2021. The offering, co-managed by leading financial firms such as Morgan Stanley and J.P. Morgan, aims to provide stable cash flows while transferring risk from taxpayers to private investors.
Freddie Mac (OTCQB: FMCC) announced the pricing of a new offering of Multifamily WI K-Deal Certificates (Series WI-K138), totaling approximately $195 million. The certificates are initially backed by cash assets to purchase the A-M class of a forthcoming reference K-Deal, and will later be backed by a pool of fixed-rate multifamily mortgages with predominantly 10-year terms. The offering settled on December 8, 2021, and the certificates come with a fixed-rate coupon expected to match the reference class. Co-lead managers include Wells Fargo Securities and Barclays Capital.