FREDDIE MAC - FMCC STOCK NEWS

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.

Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates, known as K-742, totaling approximately $773 million. The K Certificates are backed by fixed-rate multifamily mortgages mainly with 7-year terms, set to settle by May 13, 2021. The K-742 offering features various classes, including A-1 and A-2, with specific principal amounts and yields detailed in accompanying tables. Co-lead managers include J.P. Morgan and Barclays Capital, with ratings provided by Fitch Ratings and DBRS. This offering is part of Freddie Mac's strategy to enhance capital access for multifamily housing.

Freddie Mac (OTCQB: FMCC) reported that the 30-year fixed-rate mortgage averaged 2.96% for the week ending May 6, 2021, down from 2.98% the previous week. A year ago, this rate was 3.26%. The 15-year fixed-rate mortgage averaged 2.30%, slightly down from 2.31% last week, while the 5-year Treasury-indexed ARM rose to 2.70% from 2.64%. Freddie Mac's Chief Economist noted that low rates and improving economic conditions benefit both homebuyers and homeowners looking to refinance, supporting increased consumer spending and economic growth.

Freddie Mac (FMCC) has priced a new offering of Structured Pass-Through Certificates (K-742 Certificates), backed by fixed-rate multifamily mortgages with 7-year terms. The total expected issuance is approximately $773 billion, with settlement anticipated on May 13, 2021. Major class details include A-1 with a principal amount of $185.3 million, a weighted average life of 4.63 years, and a coupon yield of 0.8610%. J.P. Morgan Securities and Barclays Capital are the co-lead managers, while Fitch Ratings and DBRS are the rating agencies.

Freddie Mac (OTCQB: FMCC) announces the launch of its new refinancing option, Refi Possible, aimed at assisting lower-income homeowners starting in August. This program will allow eligible borrowers, those making at or below 80% of the area median income, to refinance their mortgages with reduced interest rates and monthly payments, potentially saving them between $100 and $250 monthly. Homeowners can benefit from at least a 0.5% interest rate reduction, with additional perks like a $500 appraisal credit and the option to roll closing costs into the mortgage.

Freddie Mac (OTCQB: FMCC) has announced the pricing of approximately $849 million in new Structured Pass-Through Certificates (K-F110 Certificates), set to settle around May 13, 2021. These K Certificates are backed by floating-rate multifamily mortgages with a 10-year term, indexed to the Secured Overnight Financing Rate (SOFR). The offering includes a senior principal and interest class, as well as an interest-only class with static prepayment premiums. Co-lead managers are BofA Securities and Morgan Stanley, supported by various co-managers.

Freddie Mac (FMCC) has released its Monthly Volume Summary for March 2021, detailing updates on its mortgage-related portfolios, securities issuance, and risk management. Established by Congress in 1970, Freddie Mac aims to enhance housing accessibility for millions of families and individuals. This report highlights Freddie Mac's ongoing commitment to building an improved housing finance system for homebuyers, renters, lenders, and taxpayers.

Freddie Mac (OTCQB: FMCC) reported that the 30-year fixed-rate mortgage averaged 2.98% for the week ending April 29, 2021, slightly up from 2.97% the previous week. The 15-year fixed-rate mortgage rose to 2.31%, while the 5-year ARM decreased to 2.64%. Chief Economist Sam Khater noted that with rates under 3%, refinancing remains appealing, but tight inventory continues to challenge first-time homebuyers. A year ago, the 30-year FRM was at 3.23%.