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) has successfully priced its inaugural offering of Multifamily WI K-Deal Certificates, Series WI-K132, amounting to approximately $170 million. The certificates, backed by cash assets, will ultimately be supported by a pool of fixed-rate multifamily mortgages. The offering is expected to settle around September 28, 2021. This initiative aims to provide investors access to bonds prior to K-Deal issuance, while also helping Freddie Mac minimize risk and enhance execution efficiency.
Freddie Mac (FMCC) reported the early tender results for its cash offer to purchase up to $650 million of its STACR Debt Notes. As of the Early Tender Time on September 20, 2021, the company accepted 100% of the $1,629 million validly tendered, exceeding the Tender Cap of $650 million. The company increased this cap to $1.63 billion to accommodate all valid tenders. Settlement is scheduled for September 22, 2021.
Summary not available.
Freddie Mac (OTCQB: FMCC) has announced the pricing of its SB90 offering, expected to issue approximately $403 million in SB Certificates. This securitization is backed by small balance loans, typically between $1 million and $7.5 million, primarily for properties with five or more units. This transaction marks the ninth SB Certificate offering in 2021, set to settle on or about September 24, 2021. Freddie Mac guarantees four senior classes of securities, while additional classes will be sold to private investors.
Freddie Mac (OTCQB: FMCC) announced a $1.3 billion sale of non-performing loans (NPLs) from its mortgage-related investments portfolio. The offering consists of six pools, including four Standard Pool Offerings and two Extended Timeline Pool Offerings, aimed at attracting smaller investors such as MWDOBs. Bidders must be approved by Freddie Mac and complete a qualification package to access bidding information. Since its inception, Freddie Mac has sold $8.7 billion of NPLs and securitized $74.2 billion of re-performing loans (RPLs), contributing to improved borrower outcomes.
Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates, the K-745 Certificates, amounting to approximately $907 million. These certificates are backed by fixed-rate multifamily mortgages with predominantly 7-year terms and are expected to settle by September 23, 2021. The K-745 Trust will also issue unguaranteed subordinate bonds. The co-lead managers for this offering are BofA Securities and Morgan Stanley. This initiative is part of Freddie Mac's strategy to transfer risk away from taxpayers to private investors.
Freddie Mac (OTCQB: FMCC) reported that the 30-year fixed-rate mortgage averaged 2.86% for the week ending September 16, 2021, slightly down from 2.88% the previous week. Additionally, the 15-year fixed-rate mortgage averaged 2.12%, down from 2.19%. The 5-year Treasury-indexed ARM rose to 2.51% from 2.42%. Chief Economist Sam Khater noted that mortgage rates have remained stable amid economic concerns due to COVID-19. He highlighted ongoing shifts such as increased remote work and automation that could spur future economic growth.
Freddie Mac (OTCQB: FMCC) has announced the pricing of a new offering of approximately $779 million in Structured Pass-Through Certificates (K-F121 Certificates), expected to settle on September 23, 2021. These certificates are backed by floating-rate multifamily mortgages indexed to the Secured Overnight Financing Rate (SOFR) with a weighted average life of 6.71 years. The pricing includes one senior class and one interest-only class, guaranteed by Freddie Mac, aimed at enhancing cash flows and transferring the risk from taxpayers to private investors.
The Freddie Mac (OTCQB: FMCC) Multifamily Apartment Investment Market Index (AIMI) showed positive growth in Q2 2021, rising 0.7% quarterly and 2.6% annually. Strong net operating incomes (NOIs) and low mortgage rates contributed to this favorable environment, despite a 5 basis point increase in mortgage rates. The AIMI recorded growth in 22 of the 25 tracked markets, with notable NOI increases of 8.3% in Orlando and 8.5% in Phoenix. However, New York and San Francisco experienced significant NOI declines of 13.0% and 15.1%, respectively.
Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates (K Certificates) amounting to approximately $1.1 billion. These K-131 Certificates are backed by fixed-rate multifamily mortgages with predominantly 10-year terms. Expected settlement is around September 17, 2021. The K-131 Certificates include various classes with diverse principal amounts and yield rates, such as A-1 with $52.793 million and an average yield of 1.14931%, and A-2 with $970.887 million at 1.51177%.
FAQ
What is the current stock price of Federal Home (FMCC)?
What is the market cap of Federal Home (FMCC)?
