Federal Home Stock Price, News & Analysis

Freddie Mac (FMCC) has priced a new offering of Structured Pass-Through Certificates (K-742 Certificates), backed by fixed-rate multifamily mortgages with 7-year terms. The total expected issuance is approximately $773 billion, with settlement anticipated on May 13, 2021. Major class details include A-1 with a principal amount of $185.3 million, a weighted average life of 4.63 years, and a coupon yield of 0.8610%. J.P. Morgan Securities and Barclays Capital are the co-lead managers, while Fitch Ratings and DBRS are the rating agencies.

Freddie Mac (OTCQB: FMCC) announces the launch of its new refinancing option, Refi Possible, aimed at assisting lower-income homeowners starting in August. This program will allow eligible borrowers, those making at or below 80% of the area median income, to refinance their mortgages with reduced interest rates and monthly payments, potentially saving them between $100 and $250 monthly. Homeowners can benefit from at least a 0.5% interest rate reduction, with additional perks like a $500 appraisal credit and the option to roll closing costs into the mortgage.

Freddie Mac (OTCQB: FMCC) has announced the pricing of approximately $849 million in new Structured Pass-Through Certificates (K-F110 Certificates), set to settle around May 13, 2021. These K Certificates are backed by floating-rate multifamily mortgages with a 10-year term, indexed to the Secured Overnight Financing Rate (SOFR). The offering includes a senior principal and interest class, as well as an interest-only class with static prepayment premiums. Co-lead managers are BofA Securities and Morgan Stanley, supported by various co-managers.

Freddie Mac (FMCC) has released its Monthly Volume Summary for March 2021, detailing updates on its mortgage-related portfolios, securities issuance, and risk management. Established by Congress in 1970, Freddie Mac aims to enhance housing accessibility for millions of families and individuals. This report highlights Freddie Mac's ongoing commitment to building an improved housing finance system for homebuyers, renters, lenders, and taxpayers.

Freddie Mac (OTCQB: FMCC) reported that the 30-year fixed-rate mortgage averaged 2.98% for the week ending April 29, 2021, slightly up from 2.97% the previous week. The 15-year fixed-rate mortgage rose to 2.31%, while the 5-year ARM decreased to 2.64%. Chief Economist Sam Khater noted that with rates under 3%, refinancing remains appealing, but tight inventory continues to challenge first-time homebuyers. A year ago, the 30-year FRM was at 3.23%.

Freddie Mac (OTCQB: FMCC) announced its first-quarter 2021 financial results and filed its Quarterly Report on Form 10-Q with the SEC. Key financial metrics, available on their website, highlight the company's ongoing commitment to making housing accessible. A media call is scheduled for April 29, 2021, at 9 a.m. ET to discuss these results, which will also be webcasted. Freddie Mac continues to support homebuyers and renters across the nation, providing essential mortgage capital since its inception in 1970.

Freddie Mac (OTCQB: FMCC) has announced the pricing of its new offering of Structured Pass-Through Certificates, known as K-F109 Certificates, totaling approximately $898 million. These certificates are backed by floating-rate multifamily mortgages indexed to the Secured Overnight Financing Rate (SOFR) with a 10-year term. The expected settlement date is May 7, 2021. The K-F109 includes one senior principal and interest class as well as one interest-only class, which will not be rated. This offering aligns with Freddie Mac's strategy to transfer risk from taxpayers to private investors.

Freddie Mac (FMCC) plans to announce its first quarter 2021 financial results before U.S. markets open on April 29, 2021. A call will be held at 9 a.m. ET on the same day to discuss these results, which will be accessible via a webcast and available for replay on the company's website for 30 days. Since its inception in 1970, Freddie Mac has aimed to enhance housing accessibility and affordability for many families and individuals by providing mortgage capital to lenders.

Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates (K-128 Certificates), totaling approximately $1.4 billion. These certificates are backed by fixed-rate multifamily mortgages, mainly with 10-year terms, and are expected to settle around April 29, 2021. The offering will be managed by Morgan Stanley & Co. LLC and Cantor Fitzgerald & Co. Additional details on pricing and class specifics are included in the press release.