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Freddie Mac reports recurring developments tied to U.S. housing finance, mortgage liquidity and its role as the Federal Home Loan Mortgage Corporation. Company news commonly covers the Primary Mortgage Market Survey® for conventional conforming mortgage rates, quarterly financial results, monthly volume summaries and activity across mortgage-related portfolios, securities issuance, delinquencies, debt activities and risk management.
Freddie Mac also reports capital markets activity connected to its Single-Family credit risk transfer programs. Updates include STACR® Structured Agency Credit Risk notes, ACIS® reinsurance transactions and tender offers for certain STACR securities, reflecting the company’s use of private capital markets to transfer residential mortgage credit risk.
Freddie Mac (OTCQB: FMCC) has launched its CreditSmart Homebuyer U course in Spanish, making essential homeownership education accessible to a broader audience. This free online resource includes six educational modules covering money management, credit, and the homebuying process. Since launching in January 2020, over 80,000 consumers have completed the course. The initiative aligns with national standards and fulfills education requirements for HomeOne and Home Possible mortgage loans.
Freddie Mac (OTCQB: FMCC) reported that the average 30-year fixed-rate mortgage increased to 3.02% for the week ending March 4, 2021, marking a rise from 2.97% the previous week and 3.29% a year ago. The Chief Economist noted a noticeable impact on purchase demand, which has cooled but remains high compared to pre-pandemic levels. The 15-year fixed-rate mortgage remained steady at 2.34%, while the 5-year Treasury-indexed ARM fell to 2.73%. Freddie Mac continues to enhance housing accessibility and affordability.
Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates, specifically the K-G05 Certificates, amounting to approximately $603 million. This offering, expected to settle around March 11, 2021, is part of Freddie Mac's K-Deal program, which focuses on multifamily mortgage-backed securities.
The K-G05 Certificates are designed to support environmental and social impacts, aligned with the Green Advantage® program. Co-lead managers for the issuance include Citigroup Global Markets and J.P. Morgan Securities.
Freddie Mac (OTCQB: FMCC) has priced its new offering of approximately $934 million in Structured Pass-Through Certificates (K-F101 Certificates), which are set to settle around March 11, 2021. These certificates are backed by floating-rate multifamily mortgages indexed to the Secured Overnight Financing Rate (SOFR) with 10-year terms. The deal features one senior principal and interest class and one interest-only class entitled to static prepayment premiums. The K-F101 Certificates are part of Freddie Mac's strategy to mitigate taxpayer risk and enhance private investor participation.
Freddie Mac (FMCC) released its Monthly Volume Summary for January 2021, detailing performance in mortgage-related portfolios, securities issuance, and risk management. This report illustrates Freddie Mac's ongoing commitment to providing access to mortgage capital, enhancing affordability in housing since its establishment by Congress in 1970.
The summary includes significant data on delinquencies and debt activities, as well as insights into Freddie Mac's role in improving housing finance for families and individuals.
On February 25, 2021, Freddie Mac (OTCQB: FMCC) reported that the 30-year fixed-rate mortgage averaged 2.97%, increasing from 2.81% the previous week. Year-over-year, this rate reflects a decrease from 3.45%. The 15-year fixed-rate mortgage also rose to 2.34% from 2.21% last week, down from 2.95% a year ago. Additionally, the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.99%. Freddie Mac's survey underscores how rising mortgage rates, combined with increasing home prices and low inventory, are affecting housing competitiveness.
Freddie Mac (OTCQB: FMCC) has announced the pricing of its new offering of Structured Pass-Through Certificates, known as K-741 Certificates, backed by fixed-rate multifamily mortgages with predominantly 7-year terms. The issuance is expected to total approximately $1 billion, with settlement anticipated on March 4, 2021. Key details include the participation of Wells Fargo and Amherst Pierpont as co-lead managers. The K-741 Certificates are part of Freddie Mac's strategy to mitigate risk to taxpayers by transferring it to private investors.
Freddie Mac (OTCQB: FMCC) has announced the pricing of its new offering of structured pass-through certificates, known as K-F100 Certificates, totaling approximately $952 million. This offering features floating rate bonds linked to the Secured Overnight Financing Rate (SOFR), expected to settle on March 4, 2021. The K-F100 Certificates are supported by multifamily mortgages with 7-year terms, and Freddie Mac emphasizes its leadership in multifamily credit risk transfer. This transaction aims to meet diverse investor needs and ensure a stable multifamily market.
Freddie Mac's Single-Family CRT program announced a record $4.8 billion of credit risk transfer in Q4 2020 on $167.2 billion of single-family mortgages, contributing to a total issuance of $16.9 billion for the year on over $475.8 billion of mortgages. Key transactions included STACR 2020-DNA5, the first linked to SOFR, and ACIS 2020-SAP1 with 15- to 20-year collateral. Since 2013, the program has cumulatively transferred $67.6 billion in credit risk across $1.9 trillion in mortgages, with 51% of the credit guarantee portfolio covered by enhancements.
Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates, estimated at approximately $1.2 billion in K-125 Certificates, scheduled to settle around February 26, 2021. These certificates are backed by fixed-rate multifamily mortgages with predominantly 10-year terms. Key details include Class A-1 with a notional amount of $116.150 million and a yield of 1.09223%, among others. Co-managers include Barclays and Credit Suisse, while the certificates are rated by Fitch Ratings and DBRS.