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Federal Home Loan Mortgage Corp - FMCC STOCK NEWS

Welcome to our dedicated news page for Federal Home Loan Mortgage (Ticker: FMCC), a resource for investors and traders seeking the latest updates and insights on Federal Home Loan Mortgage.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Federal Home Loan Mortgage's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Federal Home Loan Mortgage's position in the market.

News
Freddie Mac Multifamily Loan Purchase Cap for 2024 is $70 Billion
Rhea-AI Summary
Freddie Mac (FMCC) Multifamily's loan purchase cap for 2024 will be $70 billion, with 50% of loans purchased required to be mission-driven. This includes loans supporting affordable housing, workforce housing, rural properties, and energy- or water-efficiency improvements. Loans classified as supporting workforce housing properties will be exempt from the 2024 volume cap, encouraging affordability preservation. FHFA's updated criteria for Freddie Mac's mission-driven business aim to provide liquidity, stability, and affordability to the multifamily market, emphasizing the countercyclical role of Freddie Mac.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.28%
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News
Freddie Mac Announces Results of Tender Offer for Certain STACR Notes
Rhea-AI Summary
Freddie Mac (FMCC) announced the tender results of its offer to purchase any and all of the STACR® (Structured Agency Credit Risk) Notes. Approximately $2.1 billion aggregate original principal amount of the Notes had been validly tendered and not properly withdrawn. The settlement date for the Notes tendered and accepted for purchase in the Offer is expected to occur on Tuesday, November 14, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.08%
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News
As Treasury Yields Decline, Mortgage Rates Move Down
Rhea-AI Summary
Freddie Mac (FMCC) reports 30-year fixed-rate mortgage averaging 7.5%, down from last week, largest one-week decrease since last November. Household debt continues to rise, straining consumers. 15-year FRM also down to 6.81%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.52%
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News
Lance F. Drummond Elected Chair of Freddie Mac
Rhea-AI Summary
Sara Mathew, the current Board Chair of Freddie Mac, will retire in February 2024. Lance Drummond, a member of the Board since 2015, will succeed her as the new Board Chair.
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Freddie Mac Announces Tender Offer for Any and All of Certain STACR Notes
Rhea-AI Summary
Freddie Mac has announced a fixed-price cash tender offer for the purchase of any and all of the STACR® Notes listed. The tender offer period will commence on November 3, 2023, and expire on November 9, 2023. The applicable Total Consideration to be paid by Freddie Mac will be calculated based on the original principal amount of the tendered and accepted Notes, the applicable factor, and the applicable Tender Offer Consideration. The Settlement Date is expected to occur on November 14, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.54%
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News
After a Multi-week Climb, Mortgage Rates Level Off
Rhea-AI Summary
Freddie Mac's Primary Mortgage Market Survey® (PMMS®) reveals that the 30-year fixed-rate mortgage averaged 7.76 percent, slightly lower than the previous week's average of 7.79 percent. The 15-year fixed-rate mortgage remained unchanged at 7.03 percent. The Federal Reserve's decision not to raise interest rates, coupled with geopolitical uncertainty, may impact the housing market and overall economic landscape.
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Freddie Mac Posts 2024 Debt Funding Calendar
Rhea-AI Summary
Freddie Mac has posted its 2024 funding calendar, which includes announcement dates for Reference Notes® securities and Reference Bills® securities. The calendar is available on FreddieMac.com. Reference Notes issuances and Reference Bills auctions may vary in size and frequency. If Freddie Mac uses one of the optional Reference Notes announcement dates, they will announce the issuance in a press release. Reference Bills auctions will be optional each week on Monday mornings, closing at 9:45 a.m. ET.
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Freddie Mac Announces Third Quarter 2023 Financial Results
Rhea-AI Summary
Freddie Mac reports its Third Quarter 2023 financial results, filing its Form 10-Q with the SEC. The company's mission is to make home possible for families across the nation. They promote liquidity, stability, affordability, and equity in the housing market. Since 1970, they have helped millions of families with home ownership.
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Freddie Mac Announces Release Date for Third Quarter 2023 Financial Results
Rhea-AI Summary
Freddie Mac (OTCQB:FMCC) will report its Third Quarter 2023 financial results on November 1, 2023. The company will hold a call at 9 a.m. ET to share the results with the media. The call will be webcasted and the replay will be available on the company's website. Freddie Mac's mission is to make home possible for families across the nation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.56%
Tags
earnings
News
Mortgage Rates Continue to Climb Toward Eight Percent
Rhea-AI Summary
Freddie Mac's Primary Mortgage Market Survey reveals that the 30-year fixed-rate mortgage averaged 7.79 percent, marking the seventh consecutive week of rising rates. Chief Economist Sam Khater expresses concerns about the impact on potential homebuyers and calls for lower rates and greater inventory to address affordability challenges.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.55%
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Federal Home Loan Mortgage Corp

OTC:FMCC

FMCC Rankings

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FMCC Stock Data

946.81M
650.07M
0%
0.25%
7.96%
Savings Institutions
Finance and Insurance
Link
United States
Wilmington

About FMCC

freddie mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. since our creation by congress in 1970, we’ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. we are building a better housing finance system for homebuyers, renters, lenders and taxpayers.