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 pricing of its latest offering of Structured Pass-Through Certificates (K-1522 Certificates), totaling approximately $740 million. The issuance is set to settle around December 9, 2021. The certificates are backed by the FREMF 2021-K1522 Mortgage Trust, with management aimed at transferring a portion of risk from taxpayers to private investors. The deal is managed by Goldman Sachs and Credit Suisse, with various classes of securities, including Class A-1, A-2, and X1, offering diverse investment options.
Freddie Mac (OTCQB: FMCC) has successfully priced an offering of Structured Pass-Through Certificates (K-135 Certificates), backed by fixed-rate multifamily mortgages. The total issuance is expected to reach approximately $1.2 billion, with settlement anticipated around December 9, 2021. The certificates will feature various classes, including A-1, A-2, A-M, X1, and XAM, each with specific principal amounts and financial metrics. J.P. Morgan and Morgan Stanley lead the offering, aiming to transfer risk from taxpayers to private investors, enhancing market stability.
On December 2, 2021, Freddie Mac (OTCQB: FMCC) announced the results of its Primary Mortgage Market Survey, revealing that the 30-year fixed-rate mortgage averaged 3.11%. This marks a slight increase from last week's average of 3.10%, and a notable rise from 2.71% a year ago. The 15-year fixed-rate mortgage averaged 2.39%, down from 2.42% last week, while the 5-year ARM averaged 2.49%. Freddie Mac's Chief Economist, Sam Khater, highlighted the stability of mortgage rates amidst market volatility.
Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates, totaling approximately $551 million. The K-I08 Certificates are expected to settle on December 9, 2021, and are backed by floating-rate multifamily mortgages with a 3-year term, subject to two potential 1-year extensions. The offering is part of Freddie Mac's strategy to shift risk from taxpayers to private investors. Notable co-lead managers include PNC Capital Markets and J.P. Morgan Securities. The offering includes various classes of certificates, each with distinct features.
Freddie Mac (OTCQB: FMCC) announced the results of its Primary Mortgage Market Survey on November 24, 2021. The 30-year fixed-rate mortgage (FRM) averaged 3.10%, remaining unchanged from the previous week, but up from 2.72% a year ago. The 15-year FRM increased to 2.42%, while the 5-year ARM decreased to 2.47%. Freddie Mac's Chief Economist noted a period of low mortgage rate volatility, with rates fluctuating within a 0.5% range throughout most of 2021.
Freddie Mac (OTCQB: FMCC) released its Monthly Volume Summary for October 2021, detailing its mortgage-related portfolios, securities issuance, and risk management activities. The report highlights Freddie Mac's commitment to providing mortgage capital, making housing more accessible and affordable across the nation since 1970. The summary includes insights into delinquencies, debt activities, and overall investment performance.
Freddie Mac (OTCQB: FMCC) has priced approximately $317 million in Multifamily Structured Credit Risk (MSCR) Notes, Series 2021-MN3, to mitigate mortgage credit risk and support affordable rental housing. The offering, priced on November 18, 2021, involves transferring a portion of credit risk on eligible multifamily mortgage loans to private investors. The MSCR Notes are backed by a pool of 270 multifamily loans worth around $5.5 billion, with Freddie Mac retaining significant risk in the capital structure. The offering aims to stabilize the multifamily housing market.
Freddie Mac (FMCC) announced the auction sale of 68 non-performing residential first lien loans (NPLs) to Restora, LLC, which is part of the Extended Timeline Pool Offering (EXPO®). The transaction, expected to settle in January 2022, includes a total unpaid principal balance of $16.5 million, divided into two pools. The loans are primarily delinquent, with 94% of the pool balance consisting of previously modified loans. Freddie Mac aims to reduce less-liquid assets in its portfolio through this sale, having already sold over $8 billion in NPLs.
Freddie Mac (OTCQB: FMCC) announced its 2022 funding calendar, detailing optional announcement dates for Reference Notes and Reference Bills securities. This calendar is accessible on the Debt Securities Auction page at FreddieMac.com. Issuances may fluctuate based on market demands. Auctions will occur weekly on Monday mornings, with adjustments for holidays, closing by 9:45 a.m. ET. This announcement does not constitute an offer to sell or a solicitation to buy these securities. Freddie Mac continues to support housing accessibility through mortgage capital provision.
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