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 (FMCC) is a cornerstone of U.S. housing finance, providing liquidity to mortgage markets through innovative solutions like credit risk transfers and loan securitization. This page serves as the definitive source for Freddie Mac news, offering investors and stakeholders timely updates on operational developments and market impact.
Access curated press releases and analysis covering quarterly earnings, risk-sharing initiatives (including STACR notes), regulatory updates, and strategic partnerships. Our repository helps users track FMCC's role in maintaining housing market stability while managing systemic risks through private capital engagement.
Bookmark this page for direct access to Freddie Mac's latest multifamily financing programs, single-family mortgage innovations, and housing affordability initiatives. Stay informed about developments affecting mortgage-backed securities markets and FMCC's evolving position in government-sponsored enterprise operations.
Freddie Mac (OTCQB: FMCC) announced the pricing of its first Seasoned Loans Structured Transaction Trust (SLST) offering for 2021, totaling approximately $809 million. This securitization includes about $744 million in guaranteed senior certificates and $65 million in non-guaranteed subordinate certificates. It features 8,927 seasoned re-performing loans aimed at reducing credit and market risks. The settlement date is projected for May 27, 2021.
On May 20, 2021, Freddie Mac (OTCQB: FMCC) announced the pricing of approximately $751 million in new K Certificates, which are multifamily mortgage-backed securities. The structured offerings include 13 fixed-rate mortgages and 2 floating-rate mortgages supporting 15 properties. The K-LU3 Certificates are scheduled to settle on or about May 27, 2021. Co-lead managers for the issuance are J.P. Morgan Securities and Morgan Stanley.
Freddie Mac (OTCQB: FMCC) reported the results of its Primary Mortgage Market Survey, revealing that the 30-year fixed-rate mortgage averaged 3.00% for the week ending May 20, 2021. This marked an increase from the previous week’s 2.94%. In comparison to last year, the rate dropped from 3.24%. Additionally, the 15-year fixed-rate mortgage rose to 2.29%, while the 5-year Treasury-indexed hybrid ARM remained unchanged at 2.59%. The continued low rates contrast with a tightening housing supply exacerbated by labor disruptions and high building costs.
Freddie Mac (FMCC) has announced the pricing of a new offering of Structured Pass-Through Certificates, specifically the K-F112 Certificates, totaling approximately $938 million. These certificates are backed by floating-rate multifamily mortgages with a 10-year term linked to the Secured Overnight Financing Rate (SOFR). The offering is set to settle around May 27, 2021. Co-lead managers include Wells Fargo Securities and Citigroup Global Markets, with details available in the preliminary offering circular supplement.
Freddie Mac (OTCQB: FMCC) announced the pricing of its multifamily mortgage-backed securitization, SB86, worth approximately $372 million, expected to settle by May 21, 2021. This offering involves small balance loans ranging from $1 million to $7.5 million, aimed at properties with five or more units. The transaction marks the fifth SB Certificate for 2021, further enhancing liquidity in less populated markets. Freddie Mac continues its commitment to support the small balance loan market through its Optigo SBL initiative.
Freddie Mac (OTCQB: FMCC) reported the results of its Primary Mortgage Market Survey on May 13, 2021, showing a decline in the average 30-year fixed-rate mortgage to 2.94%. This represents a drop from 2.96% the previous week and 3.28% a year ago. The 15-year fixed-rate mortgage and 5-year ARM also saw declines. Chief Economist Sam Khater noted that while low rates present refinancing opportunities, particularly for Black and Hispanic borrowers, inflation may soon drive rates higher. The PMMS focuses on conventional loans for well-qualified borrowers.
Freddie Mac (OTCQB: FMCC) has announced the pricing of approximately $938 million in new K Certificates, specifically the K-F111 Certificates, which are backed by floating-rate multifamily mortgages. These certificates, settling on or about May 20, 2021, feature a weighted average life of 9.52 years and a discount margin of 30-day SOFR average plus 24. Co-Lead Managers include Credit Suisse and Goldman Sachs. The issuance aims to shift some risks from taxpayers to private investors, enhancing cash flow options for buyers.
Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates, known as K-742, totaling approximately $773 million. The K Certificates are backed by fixed-rate multifamily mortgages mainly with 7-year terms, set to settle by May 13, 2021. The K-742 offering features various classes, including A-1 and A-2, with specific principal amounts and yields detailed in accompanying tables. Co-lead managers include J.P. Morgan and Barclays Capital, with ratings provided by Fitch Ratings and DBRS. This offering is part of Freddie Mac's strategy to enhance capital access for multifamily housing.
Freddie Mac (OTCQB: FMCC) reported that the 30-year fixed-rate mortgage averaged 2.96% for the week ending May 6, 2021, down from 2.98% the previous week. A year ago, this rate was 3.26%. The 15-year fixed-rate mortgage averaged 2.30%, slightly down from 2.31% last week, while the 5-year Treasury-indexed ARM rose to 2.70% from 2.64%. Freddie Mac's Chief Economist noted that low rates and improving economic conditions benefit both homebuyers and homeowners looking to refinance, supporting increased consumer spending and economic growth.
FAQ
What is the current stock price of Federal Home (FMCC)?
What is the market cap of Federal Home (FMCC)?
