FREDDIE MAC - FMCC STOCK NEWS

Freddie Mac (OTCQB: FMCC) has priced a new offering of approximately $190 million in Multifamily WI K-Deal Certificates (Series WI-K135), expected to settle around October 29, 2021. These certificates are initially backed by cash assets to purchase the A-M class of a forthcoming reference K-Deal and will subsequently be supported by a pool of fixed-rate multifamily mortgages with mainly 10-year terms. The transaction is managed by J.P. Morgan Securities and Morgan Stanley, alongside several co-managers. This move continues Freddie Mac’s strategy to transfer risk away from taxpayers.

Freddie Mac (FMCC) plans to release its third quarter 2021 financial results on October 29, 2021, prior to U.S. market opening. A conference call will take place at 9 a.m. ET on the same day to discuss the results, which will be webcasted live. A replay will be available for 30 days on the Freddie Mac website. Established by Congress in 1970, Freddie Mac aims to enhance housing accessibility by providing mortgage capital. For more information, visit FreddieMac.com.

On October 25, 2021, Freddie Mac (FMCC) released its Monthly Volume Summary for September 2021, highlighting key metrics regarding its mortgage portfolios, securities issuance, and risk management practices. The report illustrates Freddie Mac's ongoing commitment to enhancing housing accessibility and affordability across the U.S., emphasizing its role in providing mortgage capital to lenders since 1970. Detailed information about delinquencies and debt activities is accessible on their website, contributing to transparency for stakeholders.

Freddie Mac (OTCQB: FMCC) announced the pricing of approximately $550 million in Structured Pass-Through Certificates (K-I07 Certificates), set to settle around November 2, 2021. These K Certificates are supported by floating-rate multifamily mortgages with a 3-year term, aligned with the Secured Overnight Financing Rate (SOFR). The K-I07 includes one senior principal and interest class, backed by classes from the FREMF 2021-KI07 Mortgage Trust, and aims to transfer the risk of losses from taxpayers to private investors.

Freddie Mac (OTCQB: FMCC) released its Primary Mortgage Market Survey on October 21, 2021, indicating that the 30-year fixed-rate mortgage averaged 3.09%, up from 3.05% the previous week and 2.80% a year ago. The 15-year fixed-rate mortgage rose to 2.33%, consistent with last year, while the 5-year Treasury-indexed hybrid ARM decreased slightly to 2.54%. Chief Economist Sam Khater noted rising mortgage rates amid a challenging economic backdrop, with high prices driven by strong demand and limited supply. This suggests a robust housing market outlook as the year progresses.

Freddie Mac (OTCQB: FMCC) has announced the pricing of a new offering of Multifamily WI K-Deal Certificates, expected to total approximately $185 million. These certificates are backed by cash assets to purchase the A-M class of a forthcoming reference K-Deal. The certificates will be indirectly supported by fixed-rate multifamily mortgages with predominantly 10-year terms. The offering is set to settle on or about October 27, 2021. Wells Fargo Securities, LLC and J.P. Morgan Securities LLC serve as co-lead managers for the issuance.

Freddie Mac (OTCQB: FMCC) has announced the pricing of its new offering of approximately $767 million in K Certificates (K-F122 Certificates), expected to settle on or about October 28, 2021. These structured pass-through certificates, backed by SOFR-indexed floating-rate multifamily mortgages with 10-year terms, include a senior principal and interest class along with an interest-only class. The K Certificates are part of Freddie Mac's strategy to transfer risk from taxpayers to private investors and aim to provide stable cash flows.

Freddie Mac (FMCC) announced the auction sale of 7,186 non-performing residential first lien loans (NPLs) valued at approximately $1.2 billion. The sale is part of Freddie Mac's Standard Pool Offerings and is expected to settle in December 2021. Loans were marketed to diverse bidders from September 16, 2021. Approximately 64% of the loans had prior modifications but became delinquent. The transaction aims to reduce less-liquid assets and improve borrower outcomes. Notably, Freddie Mac has sold over $8 billion in NPLs to date.

On October 18, 2021, Freddie Mac (OTCQB: FMCC) announced the expansion of its low-income refinance programs, now including borrowers up to 100% of the area median income (AMI), an increase from the previous 80% AMI threshold. This initiative, part of the Refi Possible program launched in August, aims to help lower-income homeowners lower their mortgage rates and monthly payments by an estimated $100 to $250. Freddie Mac continues to focus on equitable homeownership opportunities, partnering with lenders and the Federal Housing Finance Agency to support sustainable housing.