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'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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Freddie Mac reports 30-year fixed-rate mortgage at 7.18%, up from 7.12% last week
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-7.58%
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Freddie Mac announces tender results for STACR Notes
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-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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-2.86%
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Freddie Mac reports 30-year fixed-rate mortgage at 7.12%, down from 7.18% last week.
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12.9%
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Freddie Mac announces fixed-price cash tender offer for STACR Notes.
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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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Freddie Mac reports 30-year fixed-rate mortgage at 7.18%, down from last week's 7.23%. Low inventory keeps house prices steady despite high rates. Uncertainty in interest rate hikes makes future rates difficult to forecast.
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3.45%
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Freddie Mac announces Peter Lillestolen as VP of Production & Sales for Targeted Affordable Housing, highlighting his leadership and success in exceeding affordable housing goals in 2022.
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7.41%
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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