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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 (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.
Freddie Mac (OTCQB: FMCC) has priced a new offering of approximately $724 million in Structured Pass-Through Certificates, known as K-HG3 Certificates, backed by multifamily mortgage loans. The deal, part of Freddie Mac’s single-asset, single-borrower (SASB) execution, comprises 41 properties indirectly controlled by Harbor Group International. The K-HG3 is set to settle around October 21, 2021. The certificates will feature three senior principal and interest classes, with no ratings assigned, and will include a variety of investor options aimed at stabilizing cash flows.
Freddie Mac (OTCQB: FMCC) announced the pricing of its SB91 multifamily mortgage-backed securitization, which involves approximately $381 million in SB Certificates set to settle around October 22, 2021. This offering, backed by small balance loans, marks the tenth such transaction in 2021. The loans typically range from $1 million to $7.5 million and are associated with properties containing five or more units. Freddie Mac guarantees several classes of the issued securities and continues its commitment to providing liquidity to smaller apartment markets.
Freddie Mac (OTCQB: FMCC) has priced a new offering of Multifamily WI K-Deal Certificates (Series WI-K746), aimed at raising approximately $155 million. These certificates are initially backed by cash assets and will eventually be backed by a pool of fixed-rate multifamily mortgages with predominantly 7-year terms. The anticipated settlement date is on or about October 20, 2021. The offering is managed by Wells Fargo Securities and Cantor Fitzgerald, among others, and features a weighted average life of 7.26 years and a spread of S+17.
Freddie Mac (OTCQB: FMCC) forecasts a strong housing market despite rising mortgage rates and home prices. The Chief Economist predicts continued homebuyer demand and increased purchase originations in 2022. Key insights include an expected average 30-year fixed-rate mortgage of 3.0% in 2021 and 3.5% in 2022, with house price growth projected at 16.9% for 2021, slowing to 7.0% in 2022. Purchase originations are anticipated to rise to $2.1 trillion in 2022, compared to $1.9 trillion in 2021, while refinance originations are expected to decline significantly.
Freddie Mac (OTCQB: FMCC) reported that the 30-year fixed-rate mortgage averaged 3.05% for the week ending October 14, 2021, up from 2.99% the previous week and 2.81% a year ago. The 15-year FRM averaged 2.30%, while the 5-year ARM rose to 2.55%. Chief Economist Sam Khater noted that rising mortgage rates, alongside increasing home prices, are creating affordability challenges for potential buyers. The survey indicates that despite historically low rates, many are hesitant to enter the market due to high prices.
Freddie Mac (OTCQB: FMCC) has priced a new offering of Multifamily WI K-Deal Certificates (Series WI-K133) worth approximately $180 million. These certificates are backed by cash assets and will indirectly secure a pool of fixed-rate multifamily mortgages mostly with 10-year terms. The offering is set to settle around October 13, 2021. Co-Lead Managers for this offering include Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC. The fixed-rate coupon for these certificates is anticipated to align with the reference K-Deal class.
Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates (K Certificates), backed by fixed-rate multifamily mortgages. The offering, K-132 Certificates, is expected to total approximately $1.1 billion and settle around October 14, 2021. The K-132 Certificates feature various classes, including A-1, A-2, A-M, X1, and XAM, with distinct terms and yields. J.P. Morgan and Morgan Stanley act as co-leads, with ratings from Fitch and DBRS.
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