Welcome to our dedicated page for FREDDIE MAC news (Ticker: FMCC), a resource for investors and traders seeking the latest updates and insights on FREDDIE MAC stock.
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 priced a new offering of Structured Pass-Through Certificates, known as K Certificates, valued at approximately $1.1 billion. The K-117 Certificates will back fixed-rate multifamily mortgages, primarily with 10-year terms, and are set to settle around October 13, 2020. The offering includes multiple classes, with principal amounts ranging from $95.365 million to $1,047.422 million. Co-lead managers for the offering include Morgan Stanley and Wells Fargo. This initiative aligns with Freddie Mac's strategy to mitigate taxpayer risk while providing stable investment opportunities.
Freddie Mac (OTCQB: FMCC) has announced the pricing of approximately $986 million in Structured Pass-Through Certificates, known as K-F86 Certificates, set to settle around October 13, 2020. These certificates include classes of senior bonds indexed to both LIBOR and SOFR, backed by floating-rate multifamily mortgages. The offering aims to provide investors with stable cash flows while transferring some risk from taxpayers to private investors. The K Certificates do not carry a rating but will feature a basis risk guarantee from Freddie Mac.