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 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.