FREDDIE MAC - FMCC STOCK NEWS

Freddie Mac (OTCQB: FMCC) announced the results of its offer to buy back Structured Agency Credit Risk (STACR) Debt Notes. By the expiration time of August 8, 2022, approximately $2.461 billion in the original principal amount of notes were tendered. The settlement date for accepted notes is expected on August 10, 2022. The tender offer was facilitated by BofA Securities and Wells Fargo Securities as lead dealer managers. The offer remains subject to certain conditions, and participation may be restricted in some jurisdictions.

Freddie Mac (OTCQB: FMCC) reported that the average 30-year fixed-rate mortgage is at 4.99%, down from 5.30% the previous week. This figure contrasts sharply with 2.77% a year ago. The 15-year fixed-rate mortgage averaged 4.26%, also decreasing from 4.58%, while last year it was 2.10%. The 5-year ARM averaged 4.25%, down from 4.29%, compared to 2.40% last year. Freddie Mac's Chief Economist, Sam Khater, noted ongoing volatility in mortgage rates due to inflation and economic growth uncertainties.

Freddie Mac (OTCQB: FMCC) has announced a unique integration with Mr. Cooper, the first servicer to connect its proprietary CMOD System directly with Freddie Mac’s Resolve® default management tool using an API. This integration facilitates real-time workout decisions, streamlining loss mitigation and enhancing risk management. Mr. Cooper’s seamless experience allows faster response times and improved accuracy in handling payment deferrals and modifications. The Resolve APIs deliver quick decisions in three to five seconds, aiding servicers in better case management for distressed homeowners.

Freddie Mac (OTCQB: FMCC) projects a moderated growth in multifamily fundamentals, with originations expected to contract to $440-450 billion in 2022, reflecting macroeconomic challenges like inflation and rising treasury rates. Despite an anticipated decrease in total volume, rent growth and occupancy rates are set to remain above long-term averages. Overall, gross income growth in multifamily markets is forecasted at around 6.8%, with vacancy rates stable at 4.8%. The Multifamily Midyear 2022 Outlook provides further insights into these trends.

Freddie Mac (OTCQB: FMCC) has initiated a fixed-price cash tender offer for its Structured Agency Credit Risk (STACR®) debt notes starting August 2, 2022, through August 8, 2022. The offer, managed by BofA Securities, Inc., Wells Fargo Securities, and Academy Securities, aims to purchase all listed notes with total considerations varying per $1,000 of original principal amount. Holders can withdraw their notes until the deadline. The expected settlement date is August 10, 2022. Freddie Mac continues its commitment to enhancing housing finance accessibility.

Freddie Mac (OTCQB: FMCC) reports the results of its Primary Mortgage Market Survey as of July 28, 2022, revealing a 30-year fixed-rate mortgage averaged 5.30%, down from 5.54% last week, but significantly up from 2.80% a year ago. The 15-year fixed-rate mortgage averaged 4.58%, down from 4.75%, while the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 4.29%. Chief Economist Sam Khater noted a decline in purchase demand driven by higher rates, elevated home prices, and declining consumer confidence, suggesting a period of reduced sales activity until market normalization occurs.

Freddie Mac (OTCQB: FMCC) announced its second quarter 2022 financial results on July 28, 2022, and submitted its Quarterly Report on Form 10-Q to the SEC. Key financial results and details can be accessed on their investor website. A conference call is scheduled for 9 a.m. ET to discuss these results, which will also be webcast and available for replay for 30 days. Freddie Mac continues to support housing accessibility by providing mortgage capital to lenders, enhancing the housing finance system for homebuyers and renters across the U.S.

Freddie Mac (FMCC) will report its second quarter 2022 financial results on July 28, 2022, before market open. A media call is scheduled for 9 a.m. ET, where results will be discussed. This call will be available via webcast, and replay access will be provided for 30 days. Freddie Mac aims to enhance housing accessibility and affordability for millions by supplying mortgage capital to lenders.

Freddie Mac (OTCQB: FMCC) released its Monthly Volume Summary for June 2022, detailing its mortgage-related portfolios, securities issuance, and risk management activities. The report underscores Freddie Mac's commitment to enhancing mortgage capital accessibility for lenders and making housing affordable for millions. It emphasizes the company's role in building a better housing finance system, which benefits homebuyers, renters, and taxpayers nationwide.