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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
Rhea-AI Summary
Freddie Mac sold 3,564 non-performing residential first lien loans worth $586 million. The sale is part of Freddie Mac's Standard Pool Offerings (SPO®). The loans consist of mortgage loans secured by geographically diverse properties. The winning bidders for the SPO pools are VRMTG ACQ, LLC. The sale is expected to settle in November 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.23%
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Rhea-AI Summary
Freddie Mac's Multifamily Apartment Investment Market Index (AIMI) rose by 5.1% in Q2 2023, rebounding from previous declines. Net Operating Income (NOI) increased in most markets, while property prices dropped nationwide except in Miami and Nashville. Mortgage rates decreased by 20 bps, the largest quarterly decrease since Q1 2020. Year over year, AIMI decreased in the nation and in 23 markets, with property prices declining nationally by 10.1%. Mortgage rates increased by 131 bps. AIMI's rebound suggests a favorable environment for multifamily investment opportunities.
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End-of-Day
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Freddie Mac's 30-year fixed-rate mortgage averaged 7.19%, causing housing demand to cool off and builder sentiment to decline. Construction levels have dipped to a three-year low, potentially impacting the housing supply.
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Rhea-AI Summary
Freddie Mac reports 30-year fixed-rate mortgage at 7.18%, up from 7.12% last week
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.58%
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Rhea-AI Summary
Freddie Mac announces tender results for STACR Notes
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Rhea-AI Sentiment
End-of-Day
-1.49%
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Freddie Mac publishes its first Sustainability Report, highlighting progress in sustainability strategy and risk management.
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Freddie Mac CEO Michael J. DeVito to retire in Q1 2024
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End-of-Day
-2.86%
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Rhea-AI Summary
Freddie Mac reports 30-year fixed-rate mortgage at 7.12%, down from 7.18% last week.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.9%
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Rhea-AI Summary
Freddie Mac announces fixed-price cash tender offer for STACR Notes.
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Rhea-AI Sentiment
End-of-Day
5.08%
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Freddie Mac offers forbearance program for homeowners affected by Hurricane Idalia, providing mortgage relief for up to 12 months without late fees or penalties. Foreclosure and legal proceedings are suspended during forbearance. Homeowners have options to make up missed payments, including additional forbearance, lump sum payment, repayment plan, or payment deferral. Loan modification available for long-term financial hardship. Servicers reminded that relief options also apply to homeowners outside declared disaster areas. COVID-19 forbearance recipients should contact servicer for options.
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Federal Home Loan Mortgage Corp

OTC:FMCC

FMCC Rankings

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.