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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 announced the pricing of a new offering of Multifamily WI K-Deal Certificates, totaling approximately $185 million in Series WI-K136. These certificates are primarily backed by cash assets used to purchase the A-M class of an upcoming reference K-Deal. The issuance is set to settle on or about November 9, 2021. The weighted average life is projected at 10.29 years with a spread of S+28 bps and a yield of 1.85239%. Key managers include Credit Suisse and Barclays, among others.
On November 4, 2021, Freddie Mac (OTCQB: FMCC) reported that the 30-year fixed-rate mortgage averaged 3.09%, down from 3.14% the previous week, but higher than 2.78% a year ago. The 15-year fixed-rate mortgage averaged 2.35%, slightly down from 2.37% last week, while the 5-year ARM stood at 2.54%. Freddie Mac's Chief Economist, Sam Khater, anticipates future rate increases due to strong economic data and reduced Federal Reserve stimulus, although the housing market remains favorable with rates below pre-pandemic levels.
Freddie Mac (OTCQB: FMCC) has announced the pricing of its new offering of Structured Pass-Through Certificates (K Certificates), specifically the K-F124 Certificates amounting to approximately $766 million. These certificates are backed by floating-rate multifamily mortgages with a 10-year term and are indexed to the Secured Overnight Financing Rate (SOFR). Settlement is expected on or about November 12, 2021. The K-F124 Certificates will feature one senior principal and interest class, and although they will not be rated, they are guaranteed by Freddie Mac.
Freddie Mac has launched a groundbreaking initiative in collaboration with Esusu to report on-time rent payments to credit bureaus, aiming to help renters build credit. Currently, less than 10% of renters' timely payments impact their credit scores, affecting their access to credit. This initiative will offer closing cost credits on multifamily loans to property owners who participate, incentivizing rent reporting through Esusu’s platform. The platform not only eases administrative burdens for owners but also enhances renters' financial stability by reporting up to 24 months of historical payments.
Freddie Mac (FMCC) announced its Q3 2021 financial results today, alongside the filing of its Form 10-Q with the SEC. The financial results supplement is available on their website. A call to discuss the results is scheduled for 9 a.m. ET today, October 29, 2021, with a replay accessible for 30 days. Freddie Mac continues its mission of enhancing housing accessibility and affordability, providing mortgage capital to lenders nationwide.
Freddie Mac (OTCQB: FMCC) reported that the 30-year fixed-rate mortgage averaged 3.14% for the week ending October 28, 2021, up from 3.09% last week and 2.81% a year ago. The 15-year fixed-rate mortgage averaged 2.37%, an increase from 2.33% last week, while the 5-year ARM rose to 2.56% from 2.54%. Chief Economist Sam Khater noted rising mortgage rates due to optimistic consumer sentiment and inflation concerns, but purchase demand remains strong, indicating ongoing latent demand among consumers.
Freddie Mac (OTCQB: FMCC) has announced the pricing of approximately $739 million in a new offering of Structured Pass-Through Certificates (K-F123 Certificates), backed by floating-rate multifamily mortgages indexed to the Secured Overnight Financing Rate (SOFR). This offering is set to settle on or about November 4, 2021. The K-F123 Certificates consist of a senior principal and interest class, along with an interest-only class. The offering aims to transfer risk from taxpayers to private investors, reinforcing Freddie Mac's strategy of making housing capital accessible.
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.
