FREDDIE MAC - FMCC STOCK NEWS

Freddie Mac (OTCQB: FMCC) reported the average rate for a 30-year fixed-rate mortgage at 5.66% as of September 1, 2022, up from 5.55% the previous week. This marks a significant increase compared to 2.87% a year ago. The 15-year fixed-rate mortgage averaged 4.98%, while the 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) reached 4.51%. Chief Economist Sam Khater indicated that rising mortgage rates are challenging the housing market, causing price adjustments due to decreased buyer demand.

Freddie Mac's Single-Family Credit Risk Transfer (CRT) program reported record performance in Q2 2022, issuing approximately $6.5 billion and protecting about $151 billion in unpaid principal balance (UPB). Total CRT issuances for the first half of 2022 reached nearly $15 billion, covering $358 billion in UPB. The program attracted 17 new investors in Q2 and executed its largest CRT securities transaction at $1.9 billion. As of June 30, 2022, approximately 59% of the Single-Family mortgage portfolio was covered by credit enhancement.

Freddie Mac (OTCQB: FMCC) released its Monthly Volume Summary for July 2022, detailing key insights into its mortgage-related portfolios and securities issuance. The report showcases Freddie Mac's commitment to providing mortgage capital, making housing more affordable for families nationwide. Established by Congress in 1970, Freddie Mac continues to build a better housing finance system aimed at benefiting homebuyers, renters, lenders, and taxpayers.

On August 25, 2022, Freddie Mac (OTCQB: FMCC) reported that the average rate for a 30-year fixed mortgage rose to 5.55%, increasing from 5.13% the previous week and significantly up from 2.87% a year ago. The 15-year fixed-rate mortgage also saw an increase, averaging 4.85% compared to 4.55% last week. In contrast, the 5-year Treasury-indexed hybrid adjustable-rate mortgage dropped slightly to 4.36%. Freddie Mac's Chief Economist noted that higher rates and economic slowdown are impacting the housing market, with home sales declining and consumer confidence low.

On August 22, 2022, Freddie Mac (OTCQB: FMCC) announced the appointment of Ian Ouwerkerk as senior vice president of Underwriting & Credit, having served in the interim role since early 2022. Ouwerkerk has been credited with implementing strategic solutions and driving significant business results during his tenure. Previously, he held positions as vice president of Multifamily underwriting and senior director for the Southeastern region. Freddie Mac continues to play a vital role in affordable housing finance, with a focus on facilitating access to mortgage capital for low-to-moderate income families.

Freddie Mac (OTCQB: FMCC) reported that the average rate for a 30-year fixed mortgage is 5.13% as of August 18, 2022, down from 5.22% the prior week but significantly higher than 2.86% a year ago. The 15-year fixed mortgage rate is now 4.55%, and the 5-year adjustable-rate mortgage averages 4.39%. Chief Economist Sam Khater noted that inflation has peaked, halting rapid mortgage rate increases, although affordability remains challenged, leading to lower purchase demand and decelerating home price growth.

Freddie Mac's recent survey reveals that nearly 60% of renters have faced rent increases over the past year, with 1 in 3 experiencing hikes of 10% or more. A mere 38% of renters reported wage gains, with one-third indicating their raises fall short of covering rising rents. Additionally, 20% of those with rent increases are likely to miss payments. The survey highlights a growing national housing affordability crisis, driven mainly by inflation, as 96% of respondents report being affected by higher costs across various categories.

Freddie Mac (OTCQB: FMCC) has announced updated results for its tender offer to purchase STACR® Debt Notes, with approximately $2,456 million in original principal amount validly tendered by the August 10, 2022 deadline. The offer was conducted under the terms specified in the Offer to Purchase dated August 2, 2022. Notably, several securities saw significant participation, including STACR 2017-DNA2, with a tender acceptance rate of 99.49%. This highlights market interest and participation in the offer, which may influence future financial strategies.

Freddie Mac (OTCQB: FMCC) released its 2022 stress test results, adhering to the Federal Housing Finance Agency’s Dodd-Frank guidelines. This assessment evaluates the company's resilience in a severely adverse economic scenario, underscoring its role in providing mortgage capital to lenders across the U.S. Established in 1970, Freddie Mac aims to enhance housing accessibility for homebuyers and renters. The full stress test results can be accessed on their investor resources page.