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.Freddie Mac (OTCQB: FMCC) reported that the average 30-year fixed-rate mortgage (FRM) is 3.10% for the week ending December 9, 2021, a slight decrease from 3.11% the prior week. A year ago, the average was 2.71%. The 15-year FRM averaged 2.38%, down from 2.39%, while the 5-year Treasury-indexed ARM averaged 2.45%, down from 2.49%. Chief Economist Sam Khater noted that mortgage rates remain stable but are influenced by the ongoing pandemic and housing affordability challenges.
Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates, known as K-J36 Certificates, backed by supplemental multifamily mortgages. Approximately $215 million in K Certificates are expected to settle on December 16, 2021. The classes include A-1 and A-2 with different principal amounts, weighted average life, and yield rates. This issuance is designed to shift risk from taxpayers to private investors. Freddie Mac is a major issuer of agency-guaranteed structured multifamily securities, supporting affordable housing.
Freddie Mac (OTCQB: FMCC) announced the pricing of its new offering of Structured Pass-Through Certificates, specifically the K-F126 Certificates, totaling approximately $759 million. These certificates, backed by floating-rate multifamily mortgages with 10-year terms, are expected to settle on or about December 16, 2021. The offering includes a class of floating rate bonds indexed to the Secured Overnight Financing Rate (SOFR). Morgan Stanley and PNC Capital Markets are co-lead managers for the issuance.
Freddie Mac (OTCQB: FMCC) announced the pricing of its latest offering of Structured Pass-Through Certificates (K-1522 Certificates), totaling approximately $740 million. The issuance is set to settle around December 9, 2021. The certificates are backed by the FREMF 2021-K1522 Mortgage Trust, with management aimed at transferring a portion of risk from taxpayers to private investors. The deal is managed by Goldman Sachs and Credit Suisse, with various classes of securities, including Class A-1, A-2, and X1, offering diverse investment options.
Freddie Mac (OTCQB: FMCC) has successfully priced an offering of Structured Pass-Through Certificates (K-135 Certificates), backed by fixed-rate multifamily mortgages. The total issuance is expected to reach approximately $1.2 billion, with settlement anticipated around December 9, 2021. The certificates will feature various classes, including A-1, A-2, A-M, X1, and XAM, each with specific principal amounts and financial metrics. J.P. Morgan and Morgan Stanley lead the offering, aiming to transfer risk from taxpayers to private investors, enhancing market stability.
On December 2, 2021, Freddie Mac (OTCQB: FMCC) announced the results of its Primary Mortgage Market Survey, revealing that the 30-year fixed-rate mortgage averaged 3.11%. This marks a slight increase from last week's average of 3.10%, and a notable rise from 2.71% a year ago. The 15-year fixed-rate mortgage averaged 2.39%, down from 2.42% last week, while the 5-year ARM averaged 2.49%. Freddie Mac's Chief Economist, Sam Khater, highlighted the stability of mortgage rates amidst market volatility.
Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates, totaling approximately $551 million. The K-I08 Certificates are expected to settle on December 9, 2021, and are backed by floating-rate multifamily mortgages with a 3-year term, subject to two potential 1-year extensions. The offering is part of Freddie Mac's strategy to shift risk from taxpayers to private investors. Notable co-lead managers include PNC Capital Markets and J.P. Morgan Securities. The offering includes various classes of certificates, each with distinct features.
Freddie Mac (OTCQB: FMCC) announced the results of its Primary Mortgage Market Survey on November 24, 2021. The 30-year fixed-rate mortgage (FRM) averaged 3.10%, remaining unchanged from the previous week, but up from 2.72% a year ago. The 15-year FRM increased to 2.42%, while the 5-year ARM decreased to 2.47%. Freddie Mac's Chief Economist noted a period of low mortgage rate volatility, with rates fluctuating within a 0.5% range throughout most of 2021.
Freddie Mac (OTCQB: FMCC) released its Monthly Volume Summary for October 2021, detailing its mortgage-related portfolios, securities issuance, and risk management activities. The report highlights Freddie Mac's commitment to providing mortgage capital, making housing more accessible and affordable across the nation since 1970. The summary includes insights into delinquencies, debt activities, and overall investment performance.
Freddie Mac (OTCQB: FMCC) has priced approximately $317 million in Multifamily Structured Credit Risk (MSCR) Notes, Series 2021-MN3, to mitigate mortgage credit risk and support affordable rental housing. The offering, priced on November 18, 2021, involves transferring a portion of credit risk on eligible multifamily mortgage loans to private investors. The MSCR Notes are backed by a pool of 270 multifamily loans worth around $5.5 billion, with Freddie Mac retaining significant risk in the capital structure. The offering aims to stabilize the multifamily housing market.
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