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Freddie Mac (FMCC) is a cornerstone of U.S. housing finance, providing liquidity to mortgage markets through innovative solutions like credit risk transfers and loan securitization. This page serves as the definitive source for Freddie Mac news, offering investors and stakeholders timely updates on operational developments and market impact.
Access curated press releases and analysis covering quarterly earnings, risk-sharing initiatives (including STACR notes), regulatory updates, and strategic partnerships. Our repository helps users track FMCC's role in maintaining housing market stability while managing systemic risks through private capital engagement.
Bookmark this page for direct access to Freddie Mac's latest multifamily financing programs, single-family mortgage innovations, and housing affordability initiatives. Stay informed about developments affecting mortgage-backed securities markets and FMCC's evolving position in government-sponsored enterprise operations.
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.
Freddie Mac (FMCC) announced the auction sale of 68 non-performing residential first lien loans (NPLs) to Restora, LLC, which is part of the Extended Timeline Pool Offering (EXPO®). The transaction, expected to settle in January 2022, includes a total unpaid principal balance of $16.5 million, divided into two pools. The loans are primarily delinquent, with 94% of the pool balance consisting of previously modified loans. Freddie Mac aims to reduce less-liquid assets in its portfolio through this sale, having already sold over $8 billion in NPLs.
Freddie Mac (OTCQB: FMCC) announced its 2022 funding calendar, detailing optional announcement dates for Reference Notes and Reference Bills securities. This calendar is accessible on the Debt Securities Auction page at FreddieMac.com. Issuances may fluctuate based on market demands. Auctions will occur weekly on Monday mornings, with adjustments for holidays, closing by 9:45 a.m. ET. This announcement does not constitute an offer to sell or a solicitation to buy these securities. Freddie Mac continues to support housing accessibility through mortgage capital provision.
Freddie Mac (OTCQB: FMCC) has priced a new offering of Multifamily WI K-Deal Certificates, expected to issue about $160 million in WI Certificates (Series WI-K747), scheduled to settle around November 23, 2021. The certificates are backed by fixed-rate multifamily mortgages with predominantly 7-year terms. The A-M class will be issued, carrying a coupon of 1.75200% and a yield of 1.74188%. Co-managers include Citigroup Global Markets and J.P. Morgan Securities.
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