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 releases Monthly Volume Summary for September 2023
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Freddie Mac announces the sale of non-performing loans from its mortgage-related investments portfolio. The sale is part of the Extended Timeline Pool Offering (EXPO®) and is expected to settle in December 2023.
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Freddie Mac's Primary Mortgage Market Survey shows that the 30-year fixed-rate mortgage averaged 7.63 percent, approaching eight percent and impacting affordability. Freddie Mac launches DPA One tool to help borrowers find down payment assistance programs. Rising rates are affecting both homebuyers and home builders, with construction expected to trend down in the short-term.
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Freddie Mac announces pricing of the Freddie Mac Seasoned Loans Structured Transaction Trust (SLST) Series 2023-1
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Freddie Mac reports rise in mortgage rates due to market and geopolitical uncertainty
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Freddie Mac reports highest mortgage rates in a generation
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Freddie Mac's 30-year fixed-rate mortgage reaches highest level since 2000 at 7.31%. Rising house prices and low inventory contribute to the increase. Buyers and sellers waiting for better circumstances.
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Freddie Mac releases its Monthly Volume Summary for August 2023, showcasing its mortgage-related portfolios and debt activities.
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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.
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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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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