FREDDIE MAC - FMCC STOCK NEWS

Freddie Mac's latest Primary Mortgage Market Survey® shows mortgage rates have increased, with the 30-year fixed-rate mortgage averaging 6.54%, up from 6.44% last week but down from 7.79% a year ago. The 15-year fixed-rate mortgage averaged 5.71%, increasing from last week's 5.63% but lower than the previous year's 7.03%. According to Chief Economist Sam Khater, the rate increase is attributed to continued economic strength, noting that tension between downbeat economic narratives and stronger-than-expected economic data has led to higher-than-normal mortgage rate volatility.

Freddie Mac's Primary Mortgage Market Survey® (PMMS®) shows the 30-year fixed-rate mortgage (FRM) averaged 6.44%, marking the third consecutive week of increase. This rate is up from 6.32% last week but significantly lower than the 7.63% recorded a year ago. The 15-year FRM averaged 5.63%, up from 5.41% last week and down from 6.92% a year ago.

Sam Khater, Freddie Mac's Chief Economist, notes that higher rates generally reflect economic strength, which supports the housing market. He advises potential homebuyers to shop around for the best mortgage rates, as they can vary widely between lenders. The PMMS® focuses on conventional, conforming home purchase loans for borrowers with 20% down payment and excellent credit.

Freddie Mac (OTCQB: FMCC) has announced the sale of 57 deeply delinquent non-performing residential first lien loans (NPLs) to Residential Credit Opportunities X, The loans, valued at approximately $13.9 million, are part of Freddie Mac's Extended Timeline Pool Offerings (EXPO). The transaction is expected to settle in December 2024.

The sale includes two EXPO pools: Pool #1 with an unpaid principal balance of $9.2 million and 32 loans, and Pool #2 with $4.7 million and 25 loans. The loans are currently serviced by Select Portfolio Servicing Inc. Purchasers are required to honor existing loss mitigation agreements and solicit distressed borrowers for additional assistance.

This sale is part of Freddie Mac's strategy to reduce less-liquid assets in its mortgage-related investments portfolio. Since 2011, Freddie Mac has sold $10.3 billion of NPLs and securitized approximately $79.3 billion of re-performing loans (RPLs).

Freddie Mac (OTCQB: FMCC) announced the results of its tender offer to purchase any and all of certain STACR® (Structured Agency Credit Risk) Notes. As of the October 11, 2024 expiration time, approximately $967 million aggregate original principal amount of Notes had been validly tendered and not properly withdrawn.

The offer was conducted according to conditions set in the Offer to Purchase and related Notice of Guaranteed Delivery dated October 7, 2024. The Settlement Date for accepted Notes is expected on October 16, 2024, with guaranteed delivery Notes expected to be purchased on October 18, 2024.

Wells Fargo Securities, and StoneX Financial Inc. are lead dealer managers, with CastleOak Securities, L.P. as co-dealer manager. Global Bondholder Services serves as the tender agent.

Freddie Mac (OTCQB: FMCC) is reminding homeowners and mortgage servicers of its immediate relief options for those impacted by Hurricane Milton. The company's forbearance program offers up to 12 months of mortgage relief without late fees or penalties. Foreclosure and legal proceedings are suspended during forbearance.

Homeowners affected by the hurricane should contact their mortgage servicer to discuss available options. After the forbearance period, homeowners can choose from several options to make up missed payments, including:

• Reinstatement (lump sum payment)
• Repayment plan
• Payment deferral
• Loan modification

Freddie Mac (OTCQB: FMCC) released its Primary Mortgage Market Survey® (PMMS®) on October 10, 2024, showing a significant increase in mortgage rates. The 30-year fixed-rate mortgage (FRM) averaged 6.32%, up from 6.12% last week and down from 7.57% a year ago. The 15-year FRM averaged 5.41%, up from 5.25% last week and down from 6.89% a year ago.

Sam Khater, Freddie Mac's Chief Economist, attributed the surge to a stronger-than-expected September jobs report, noting it was the largest one-week increase since April. He emphasized that the rise in rates reflects shifts in expectations rather than changes in the underlying economy, which has remained strong throughout most of the year.

Freddie Mac (OTCQB: FMCC) has announced a fixed-price cash tender offer for the purchase of any and all of certain STACR® (Structured Agency Credit Risk) Notes. The offer begins on October 7, 2024, and expires at 5 p.m., New York City time, on October 11, 2024, unless extended.

The company has engaged Wells Fargo Securities, and StoneX Financial Inc. as lead dealer managers and CastleOak Securities, L.P. as co-dealer manager for the offer. The total consideration will be based on the original principal amount of tendered and accepted Notes, the applicable factor, and the Tender Offer Consideration, plus accrued and unpaid interest.

The Settlement Date is expected to be October 16, 2024. Notes tendered using the Notice of Guaranteed Delivery are expected to be purchased on October 18, 2024. The offer includes various classes of Notes, some issued by STACR Trusts, with Freddie Mac as the sole beneficial owner of each Trust.

Freddie Mac's Primary Mortgage Market Survey® (PMMS®) shows the 30-year fixed-rate mortgage (FRM) averaged 6.12 percent, up from 6.08 percent last week. A year ago, it averaged 7.49 percent. The 15-year FRM averaged 5.25 percent, up from 5.16 percent last week and down from 6.78 percent a year ago.

Sam Khater, Freddie Mac's Chief Economist, attributes the stalled decline in mortgage rates to escalating geopolitical tensions and a rebound in short-term rates. He notes that over the past 12 months, mortgage rates have declined by 1.5 percentage points, home price growth is slowing, inventory is increasing, and incomes are rising, creating an improving backdrop for homebuyers this fall.

Freddie Mac (OTCQB: FMCC) has announced the sale of 982 deeply delinquent non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio. The loans, with a balance of approximately $188 million, are currently serviced by Select Portfolio Servicing Inc., NewRez , and Nationstar Mortgage The transaction is expected to settle in November 2024 and is part of Freddie Mac's Standard Pool Offerings (SPO®).

The winning bidder for the SPO pool is J.P. Morgan Mortgage Acquisition Corp. The pool consists of geographically diverse properties with an average loan balance of $191,700 and an average delinquency of 32 months. Approximately 57% of the aggregate pool balance comprises previously modified mortgages that subsequently became delinquent.

This sale is part of Freddie Mac's ongoing efforts to reduce less-liquid assets in its mortgage-related investments portfolio. Since 2011, Freddie Mac has sold $10.3 billion of NPLs and securitized approximately $79.3 billion of re-performing loans (RPLs).