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, known as FMCC in the stock market, is dedicated to making home ownership accessible and affordable for millions of families across the nation. Established in 1970 by Congress, Freddie Mac provides mortgage capital to lenders, ensuring a better housing finance system for homebuyers, renters, lenders, and taxpayers. They have partnered with various agencies to offer to purchase notes. Moreover, Freddie Mac's Single-Family Credit Risk Transfer programs channel credit risk away from taxpayers to private capital through securities and insurance policies. With a strong mission and commitment to the community, Freddie Mac plays a vital role in ensuring that individuals have access to safe and affordable housing.Rhea-AI Summary
Freddie Mac reports an increase in 30-year fixed-rate mortgages to 6.90%, attributing it to strong economic and inflation data. The Chief Economist highlights the impact of higher rates on housing affordability, stating that good economic news is now bad news for homebuyers.
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Freddie Mac reports a rise in 30-year fixed-rate mortgage to 6.77 percent, impacting homebuying season. Mortgage applications show a decline compared to last year. The 15-year FRM also increased. Freddie Mac aims to make homeownership possible for families.
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Freddie Mac (FMCC) releases Fourth Quarter and Full-Year 2023 financial results, emphasizing its mission to make home ownership possible for families. The company will hold a call to discuss the results, highlighting its commitment to promoting liquidity, stability, affordability, and equity in the housing market.
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Freddie Mac (FMCC) plans to report its Fourth Quarter and Full-Year 2023 financial results on February 14, 2024. The company aims to promote liquidity, stability, affordability, and equity in the housing market. Since 1970, Freddie Mac has assisted millions of families in homeownership.
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Freddie Mac released the results of its Primary Mortgage Market Survey showing that the 30-year fixed-rate mortgage averaged 6.64 percent. The economy and labor market remain strong with wage growth outpacing inflation, keeping consumer spending robust. However, affordability in the housing market is an ongoing issue due to continued high home prices, elevated mortgage rates, and low supply of homes on the market.
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Freddie Mac announces a $2,500 credit to help low-income families with down payment and closing costs, extending the initiative to very low-income families who qualify for the Home Possible and HFA Advantage products. The credit will be available for borrowers earning 50% of area median income or less and will be effective from March 1, 2024. Freddie Mac financed approximately 800,000 home purchases in 2023, with first-time homebuyers representing 51% of those purchases, the highest percentage in three decades. The company expects to achieve all of its 2023 affordable housing goals set by the Federal Housing Finance Agency.
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Freddie Mac's Primary Mortgage Market Survey (PMMS) reveals that the 30-year fixed-rate mortgage averaged 6.63 percent, down from 6.69 percent last week, with a year-on-year increase from 6.09 percent. The 15-year FRM also decreased from 5.96 percent to 5.94 percent, compared to 5.14 percent a year ago. The stable mortgage rates, along with favorable economic conditions, job growth, and household formation, are expected to support a robust housing market in the coming months.
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Freddie Mac (FMCC) released its Monthly Volume Summary for December 2023, showcasing data on mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities, and other investments. The report highlights the company's mission to promote liquidity, stability, affordability, and equity in the housing market, emphasizing its impact on millions of families since 1970.
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Freddie Mac (FMCC) released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.69 percent. The 30-year FRM averaged 6.69 percent as of January 25, 2024, up from last week when it averaged 6.60 percent. A year ago at this time, the 30-year FRM averaged 6.13 percent. The 15-year FRM averaged 5.96 percent, up from last week when it averaged 5.76 percent. A year ago at this time, the 15-year FRM averaged 5.17 percent. Despite persistent inventory challenges, Freddie Mac anticipates a busier spring homebuying season than 2023, with home prices continuing to increase at a steady pace.
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Freddie Mac announces updated Single-Family Social MBS and Corporate Debt Bonds Framework to support underserved borrowers. The company aims to provide mission-driven investment opportunities and actionable information to MBS investors. The framework includes the renaming and reformulation of the Mission Index and sets criteria for eligible mortgage collateral. The company plans to provide Social MBS impact reporting annually beginning in 2025.
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FAQ
What is the current stock price of FREDDIE MAC (FMCC)?
The current stock price of FREDDIE MAC (FMCC) is $3.28 as of November 26, 2024.
What is the market cap of FREDDIE MAC (FMCC)?
The market cap of FREDDIE MAC (FMCC) is approximately 2.3B.
When was Freddie Mac established?
Freddie Mac was established in 1970 by Congress.
What is the core business of Freddie Mac?
Freddie Mac's core business is providing mortgage capital to lenders to make home ownership more accessible and affordable.
What are the key initiatives of Freddie Mac?
Freddie Mac is focused on building a better housing finance system for homebuyers, renters, lenders, and taxpayers.
How does Freddie Mac manage credit risk?
Freddie Mac's Single-Family Credit Risk Transfer programs protect taxpayers by transferring credit risk to private capital via securities and insurance policies.
What are some recent achievements of Freddie Mac?
Freddie Mac has engaged in various initiatives to purchase notes, offer Single-Family Credit Risk Transfer programs, and issue Social Bonds to support affordable housing.
FREDDIE MAC
OTC:FMCC
FMCC Rankings
FMCC Stock Data
2.31B
650.05M
0%
1.78%
7.96%
Mortgage Finance
Financial Services
United States of America
McLean