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FREDDIE MAC - FMCC STOCK NEWS

Welcome to our dedicated page for FREDDIE MAC news (Ticker: FMCC), a resource for investors and traders seeking the latest updates and insights on FREDDIE MAC stock.

Freddie Mac, known as FMCC in the stock market, is dedicated to making home ownership accessible and affordable for millions of families across the nation. Established in 1970 by Congress, Freddie Mac provides mortgage capital to lenders, ensuring a better housing finance system for homebuyers, renters, lenders, and taxpayers. They have partnered with various agencies to offer to purchase notes. Moreover, Freddie Mac's Single-Family Credit Risk Transfer programs channel credit risk away from taxpayers to private capital through securities and insurance policies. With a strong mission and commitment to the community, Freddie Mac plays a vital role in ensuring that individuals have access to safe and affordable housing.
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Freddie Mac (FMCC) released its Monthly Volume Summary for April 2021, detailing key metrics related to mortgage portfolios, securities issuance, and risk management. The report highlights Freddie Mac's role in facilitating home ownership by providing mortgage capital, contributing to housing affordability across the nation. The organization continues to enhance the housing finance system for various stakeholders, including borrowers and lenders.

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Freddie Mac (OTCQB: FMCC) has appointed Jason Griest as Vice President of Multifamily Securitization. He will lead the structuring team, overseeing the Multifamily loan pipeline and credit risk transfer executions, including various deal types. Griest, a seasoned professional with over 20 years of experience, has been with Freddie Mac since 2013 and has contributed to innovative products such as SOFR bonds. Freddie Mac remains a leader in multifamily housing finance, ensuring affordable rental units for low-to-moderate income families.

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Freddie Mac (OTCQB: FMCC) announced the pricing of its first Seasoned Loans Structured Transaction Trust (SLST) offering for 2021, totaling approximately $809 million. This securitization includes about $744 million in guaranteed senior certificates and $65 million in non-guaranteed subordinate certificates. It features 8,927 seasoned re-performing loans aimed at reducing credit and market risks. The settlement date is projected for May 27, 2021.

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On May 20, 2021, Freddie Mac (OTCQB: FMCC) announced the pricing of approximately $751 million in new K Certificates, which are multifamily mortgage-backed securities. The structured offerings include 13 fixed-rate mortgages and 2 floating-rate mortgages supporting 15 properties. The K-LU3 Certificates are scheduled to settle on or about May 27, 2021. Co-lead managers for the issuance are J.P. Morgan Securities and Morgan Stanley.

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Freddie Mac (OTCQB: FMCC) reported the results of its Primary Mortgage Market Survey, revealing that the 30-year fixed-rate mortgage averaged 3.00% for the week ending May 20, 2021. This marked an increase from the previous week’s 2.94%. In comparison to last year, the rate dropped from 3.24%. Additionally, the 15-year fixed-rate mortgage rose to 2.29%, while the 5-year Treasury-indexed hybrid ARM remained unchanged at 2.59%. The continued low rates contrast with a tightening housing supply exacerbated by labor disruptions and high building costs.

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Freddie Mac (FMCC) has announced the pricing of a new offering of Structured Pass-Through Certificates, specifically the K-F112 Certificates, totaling approximately $938 million. These certificates are backed by floating-rate multifamily mortgages with a 10-year term linked to the Secured Overnight Financing Rate (SOFR). The offering is set to settle around May 27, 2021. Co-lead managers include Wells Fargo Securities and Citigroup Global Markets, with details available in the preliminary offering circular supplement.

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Freddie Mac (OTCQB: FMCC) announced the pricing of its multifamily mortgage-backed securitization, SB86, worth approximately $372 million, expected to settle by May 21, 2021. This offering involves small balance loans ranging from $1 million to $7.5 million, aimed at properties with five or more units. The transaction marks the fifth SB Certificate for 2021, further enhancing liquidity in less populated markets. Freddie Mac continues its commitment to support the small balance loan market through its Optigo SBL initiative.

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Freddie Mac (OTCQB: FMCC) reported the results of its Primary Mortgage Market Survey on May 13, 2021, showing a decline in the average 30-year fixed-rate mortgage to 2.94%. This represents a drop from 2.96% the previous week and 3.28% a year ago. The 15-year fixed-rate mortgage and 5-year ARM also saw declines. Chief Economist Sam Khater noted that while low rates present refinancing opportunities, particularly for Black and Hispanic borrowers, inflation may soon drive rates higher. The PMMS focuses on conventional loans for well-qualified borrowers.

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Freddie Mac (OTCQB: FMCC) has announced the pricing of approximately $938 million in new K Certificates, specifically the K-F111 Certificates, which are backed by floating-rate multifamily mortgages. These certificates, settling on or about May 20, 2021, feature a weighted average life of 9.52 years and a discount margin of 30-day SOFR average plus 24. Co-Lead Managers include Credit Suisse and Goldman Sachs. The issuance aims to shift some risks from taxpayers to private investors, enhancing cash flow options for buyers.

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FAQ

What is the current stock price of FREDDIE MAC (FMCC)?

The current stock price of FREDDIE MAC (FMCC) is $2.621 as of December 24, 2024.

What is the market cap of FREDDIE MAC (FMCC)?

The market cap of FREDDIE MAC (FMCC) is approximately 1.8B.

When was Freddie Mac established?

Freddie Mac was established in 1970 by Congress.

What is the core business of Freddie Mac?

Freddie Mac's core business is providing mortgage capital to lenders to make home ownership more accessible and affordable.

What are the key initiatives of Freddie Mac?

Freddie Mac is focused on building a better housing finance system for homebuyers, renters, lenders, and taxpayers.

How does Freddie Mac manage credit risk?

Freddie Mac's Single-Family Credit Risk Transfer programs protect taxpayers by transferring credit risk to private capital via securities and insurance policies.

What are some recent achievements of Freddie Mac?

Freddie Mac has engaged in various initiatives to purchase notes, offer Single-Family Credit Risk Transfer programs, and issue Social Bonds to support affordable housing.

FREDDIE MAC

OTC:FMCC

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FMCC Stock Data

1.76B
650.06M
0%
1.78%
7.96%
Mortgage Finance
Financial Services
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United States of America
McLean