Federal Home - FMCC STOCK NEWS

On November 18, 2021, Freddie Mac (OTCQB: FMCC) reported the results of its Primary Mortgage Market Survey, revealing that the 30-year fixed-rate mortgage averaged 3.10%, up from 2.98% the previous week, and 2.72% a year ago. The 15-year fixed-rate mortgage rose to 2.39% from 2.27% last week, while the 5-year ARM decreased slightly to 2.49%. Chief Economist Sam Khater indicated that rising inflation and consumer spending are driving mortgage rates higher, indicating a challenging housing market due to strong demand amid inventory shortages.

Freddie Mac (OTCQB: FMCC) has announced a new offering of approximately $734 million in Structured Pass-Through Certificates (K-F125 Certificates), expected to settle on November 23, 2021. These certificates are backed by floating-rate multifamily mortgages indexed to the Secured Overnight Financing Rate (SOFR), with a weighted average life of 6.75 years. The offering has one senior principal and interest class and an interest-only class, not rated but guaranteed by Freddie Mac. Co-lead managers include BofA Securities and PNC Capital Markets.

Freddie Mac announced a year-to-date Credit Risk Transfer (CRT) issuance of $14.5 billion, safeguarding $585.5 billion in single-family mortgages. In Q3 alone, CRT issuance reached $4.6 billion, covering $166.6 billion in mortgage balances. Freddie Mac continues to lead the CRT market, engaging over 130 unique participants. Notably, the largest-ever transaction, ACIS 2021-SAP7, was issued at $1.2 billion. Since 2013, the CRT program has transferred approximately $81 billion in credit risk on $2.5 trillion in mortgages.

Freddie Mac (OTCQB: FMCC) has priced a new offering of Multifamily WI K-Deal Certificates, expected to generate approximately $185 million in funding. This offering, known as Series WI-K137, is scheduled to settle on or about November 16, 2021. The certificates will initially be backed by cash assets and then by a pool of fixed-rate multifamily mortgages predominantly with 10-year terms. Co-lead managers for this offering are BofA Securities and Wells Fargo Securities.

Freddie Mac (OTCQB: FMCC) has priced a new offering of approximately $933 million in Structured Pass-Through Certificates (K-746 Certificates), backed by fixed-rate multifamily mortgages with mainly 7-year terms. The issuance is expected to settle around November 18, 2021. The K-746 Trust will issue additional certificates not guaranteed by Freddie Mac. The K-746 Certificates are designed to transfer some risk away from taxpayers to private investors, making them a strategic part of Freddie Mac's business model.

Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates, specifically K-G06 Certificates, expected to generate approximately $428 million. The issuance is scheduled to settle on or about November 18, 2021. The K-G06 Certificates will be backed by loans from Freddie Mac’s Green Advantage program, which focuses on environmental and social impacts. Key details include a weighted average life of 9.22 years and varying yields across different classes of certificates. This offering aims to transfer risk from taxpayers to private investors.

Freddie Mac (OTCQB: FMCC) has priced its SB92 offering, which involves a multifamily mortgage-backed securitization worth approximately $349 million. The SB Certificates will settle around November 19, 2021, and are backed by small balance loans typically ranging from $1 million to $7.5 million for properties with five or more units. This marks the eleventh SB Certificate transaction for 2021. Freddie Mac guarantees multiple classes of securities and acts as both a mortgage loan seller and master servicer for the trust involved.

Freddie Mac (OTCQB: FMCC) reported the results of its Primary Mortgage Market Survey as of November 10, 2021. The 30-year fixed-rate mortgage averaged 2.98%, down from 3.09% the previous week. The 15-year fixed-rate mortgage averaged 2.27%, decreasing from 2.35%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.53%, slightly lower than last week's 2.54%. Although low mortgage rates are expected to sustain strong demand, affordability remains a concern for homebuyers.

Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates (K-133 Certificates) backed by fixed-rate multifamily mortgages with a total value of approximately $1.2 billion. The expected settlement date is November 12, 2021. The K-133 certificates offer multiple classes with varying principal amounts, weighted average life, spreads, and yields. Co-lead managers for the offering include Morgan Stanley and J.P. Morgan. The issuance is part of the company’s strategy to transfer risk from taxpayers to private investors, enhancing cash flow stability for investors.