Federal Home Stock Price, News & Analysis

Freddie Mac (OTCQB: FMCC) has priced its SB87 offering, a multifamily mortgage-backed securitization totaling approximately $385 million. The SB87 Certificates are expected to settle around June 17, 2021. This marks the sixth SB Certificate transaction in 2021, supporting the company's initiative to enhance liquidity in smaller apartment properties. Freddie Mac will guarantee senior securities issued by the FRESB 2021-SB87 Mortgage Trust and continue as the mortgage loan seller and master servicer.

Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates (K-129), backed by fixed-rate multifamily mortgages with 10-year terms. The offering aims to issue approximately $1 billion in K Certificates, expected to settle around June 17, 2021. Co-lead managers include Morgan Stanley & Co. LLC and Credit Suisse Securities (USA) LLC. The K-129 Certificates are part of a strategy to transfer risk from taxpayers to private investors. The announcement does not constitute an offer to sell any securities, as all offers are made through applicable offering circulars.

Freddie Mac (OTCQB: FMCC) announced the results of its Primary Mortgage Market Survey on June 10, 2021, revealing that the 30-year fixed-rate mortgage averaged 2.96%, down from 2.99% the previous week and 3.21% a year ago. The 15-year fixed-rate mortgage averaged 2.23%, while the 5-year ARM averaged 2.55%. Chief Economist Sam Khater noted a slowdown in purchase applications due to modestly higher mortgage rates, but emphasized that home prices remain elevated due to inventory shortages. This indicates a complex housing market amid economic recovery.

Freddie Mac (OTCQB: FMCC) announced the pricing of its second Seasoned Credit Risk Transfer Trust (SCRT) offering for 2021, totaling approximately $1.0 billion. This securitization includes $936 million in guaranteed senior certificates and $65 million in unguaranteed subordinate securities backed by seasoned re-performing loans (RPLs). The loans have been performing well, with only 0.38% on a forbearance plan. The transaction is set to settle on June 15, 2021. Freddie Mac has previously securitized over $72 billion in RPLs, bolstering its portfolio while reducing risk.

The Freddie Mac Multfamily Apartment Investment Market Index (AIMI) remained stable in Q1 2021, despite a 0.1% decline after two quarters of growth. Positive net operating incomes (NOIs) and low mortgage rates supported the multifamily investment environment. Quarterly, 13 markets grew while 11 contracted. Tampa and Phoenix recorded strong NOI growth of 3.1% and 2.7%. Yearly, the AIMI rose in 15 markets, but New York and San Francisco faced significant NOIs drop of 16.5% and 21.7%. Overall, property prices increased in 22 out of 25 markets, yet mortgage rates decreased by 42 bps.

Freddie Mac (FMCC) has issued $230 million in Social Bonds aimed at supporting 1,267 rental homes across 39 states and the District of Columbia for individuals with intellectual and developmental disabilities. This transaction addresses the pressing need for community-based housing, providing approximately 90% of the units to individuals earning 50% of the area median income. The issuance is backed by a pool of Multifamily PCs and aligns with the company's commitment to social impact, fostering affordable housing and socioeconomic opportunities for underserved communities.

Freddie Mac (OTCQB: FMCC) has extended the deadline for requesting new COVID-19 forbearance agreements for its Multifamily loans to September 30, 2021, from the previous June 30, 2021. This extension aims to support multifamily operators facing hardships due to the pandemic and includes tenant protections, such as a moratorium on evictions for non-payment of rent. As of the latest report, 1,154 loans are in forbearance, accounting for approximately 2.1% of total securitized unpaid principal balance, with more than 82% of borrowers resuming payments post-forbearance.

MCLEAN, Va., June 3, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) released its Primary Mortgage Market Survey indicating that the 30-year fixed-rate mortgage (FRM) averaged 2.99% for the week ending June 3, 2021, up from 2.95% the previous week. A year ago, the average FRM was 3.18%. The 15-year FRM remained at 2.27%, while the 5-year ARM rose to 2.64%. Freddie Mac's Chief Economist noted ongoing home price acceleration and low inventory, emphasizing refinancing opportunities for homeowners amidst strong competition for buyers.

Freddie Mac (OTCQB: FMCC) has announced the pricing of approximately $994 million in new Structured Pass-Through Certificates (K-F113 Certificates), backed by floating-rate multifamily mortgages indexed to the Secured Overnight Financing Rate (SOFR). The certificates are set to settle around June 11, 2021, and feature a weighted average life of 6.58 years. The pricing details include a discount margin of 30-day SOFR avg + 23, and the offering is led by Barclays Capital and BofA Securities. The K-F113 Certificates do not carry a rating and include various classes.