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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.Freddie Mac (OTCQB: FMCC) reported a record $675 million in Low-Income Housing Tax Credit (LIHTC) equity investments for 2021, supporting over 4,800 affordable rental units in underserved U.S. markets. The investment portfolio includes units for various special needs households, such as those impacted by homelessness and domestic violence. The Federal Housing Finance Agency raised the annual LIHTC cap to $850 million, enabling Freddie Mac to quickly scale its program, adding an additional $175 million to its investments. This funding enhances affordable housing supply in crucial communities.
Freddie Mac (OTCQB: FMCC) announced the results of its tender offer for STACR Debt Notes, validly tendering approximately $2,144 million in total principal amount by the expiration time of February 7, 2022. The settlement date for accepted notes is expected on February 9, 2022. The offer details, including the specific securities involved, have been outlined in the Offer Documents dated February 1, 2022. BofA Securities and Barclays Capital are the lead dealer managers for the offer.
Freddie Mac (FMCC) will report its Q4 and full-year 2021 financial results on February 10, 2022, before U.S. markets open. A conference call to discuss the results will take place at 9 a.m. ET on the same day, with a webcast available for public access. The company aims to enhance housing accessibility through mortgage capital provision, reinforcing its role since its establishment in 1970. More information will be accessible on the Investor Relations page of Freddie Mac's website.
Freddie Mac (OTCQB: FMCC) reported that the 30-year fixed-rate mortgage averaged 3.55% for the week ending February 3, 2022, stable for three consecutive weeks. This stagnation reflects the economic challenges posed by the Omicron variant of COVID-19. Chief Economist Sam Khater anticipates that as the economy improves, mortgage rates will begin to rise again. In the meantime, strong homebuyer demand persists despite low supply, contributing to increased home prices. Comparatively, the 30-year FRM was 2.73% a year ago, with the 15-year FRM at 2.77%.
Freddie Mac (OTCQB: FMCC) selected Comunidad Partners as its inaugural Impact Sponsor of the Year for 2021. This award honors those enhancing affordable rental housing while advancing tenant interests. Comunidad, alongside Bellwether Capital, launched a $300 million Tenant Advancement Commitment in 2021 to ensure affordable rents for thousands of units and provide social services. The firm, which is 100% minority and women-owned, focuses on revitalizing affordable housing with an emphasis on cultural management and community investment.
Freddie Mac (OTCQB: FMCC) has initiated a cash tender offer for its STACR® Debt Notes, effective February 1, 2022. The offer will run until 5 p.m. ET on February 7, 2022, with a settlement date anticipated on February 9, 2022. The total consideration will depend on the original principal amount and the Tender Offer Consideration for each note, including accrued interest. BofA Securities and Barclays Capital serve as lead dealers. This announcement does not serve as a solicitation or recommendation for any holder of the securities.
Freddie Mac (OTCQB: FMCC) has priced a new offering of Multifamily WI K-Deal Certificates, amounting to approximately $685 million in Series WI-K140, expected to settle by January 31, 2022. The WI Certificates will initially be backed by cash assets and later by a pool of fixed-rate multifamily mortgages, primarily with 10-year terms. Key classes include A-2 with a principal of $500 million and A-M with $185 million, both featuring fixed-rate coupons of 2.25%. The offering involves multiple co-lead managers and aims to enhance Freddie Mac's multifamily financing strategy.
Freddie Mac (OTCQB: FMCC) revealed the results of its Primary Mortgage Market Survey®, indicating that the 30-year fixed-rate mortgage (FRM) averaged 3.55% for the week ending January 27, 2022, down from 3.56% the previous week. The 15-year FRM averaged 2.80%, up from 2.79%, while the 5-year Treasury-indexed hybrid ARM averaged 2.70%, up from 2.60%. Despite recent rate increases, demand for home purchases remains stable. Freddie Mac aims to enhance housing accessibility for all Americans.
Freddie Mac (OTCQB: FMCC) released its Monthly Volume Summary for December 2021, detailing its mortgage-related portfolios and debt activities. The report highlights the company's role in providing mortgage capital to lenders, contributing to accessible housing since its establishment in 1970. Freddie Mac aims to improve the housing finance system for homebuyers, renters, and lenders, thereby enhancing housing affordability nationwide.
Freddie Mac (OTCQB: FMCC) has released its 2022 Quarterly Forecast, predicting a stable single-family housing market despite rising mortgage rates. The report suggests homebuyer demand may moderate, resulting in slower house price growth. Key projections include a rise in purchase originations from $1.9 trillion in 2021 to $2.1 trillion in 2022, while refinance activity is expected to drop from $2.7 trillion to $1.2 trillion. The average 30-year fixed-rate mortgage is anticipated to increase to 3.6% in 2022, compared to 3.0% in 2021.
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