Federal Home Stock Price, News & Analysis

Freddie Mac (OTCQB: FMCC) has announced the pricing of its SB90 offering, expected to issue approximately $403 million in SB Certificates. This securitization is backed by small balance loans, typically between $1 million and $7.5 million, primarily for properties with five or more units. This transaction marks the ninth SB Certificate offering in 2021, set to settle on or about September 24, 2021. Freddie Mac guarantees four senior classes of securities, while additional classes will be sold to private investors.

Freddie Mac (OTCQB: FMCC) announced a $1.3 billion sale of non-performing loans (NPLs) from its mortgage-related investments portfolio. The offering consists of six pools, including four Standard Pool Offerings and two Extended Timeline Pool Offerings, aimed at attracting smaller investors such as MWDOBs. Bidders must be approved by Freddie Mac and complete a qualification package to access bidding information. Since its inception, Freddie Mac has sold $8.7 billion of NPLs and securitized $74.2 billion of re-performing loans (RPLs), contributing to improved borrower outcomes.

Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates, the K-745 Certificates, amounting to approximately $907 million. These certificates are backed by fixed-rate multifamily mortgages with predominantly 7-year terms and are expected to settle by September 23, 2021. The K-745 Trust will also issue unguaranteed subordinate bonds. The co-lead managers for this offering are BofA Securities and Morgan Stanley. This initiative is part of Freddie Mac's strategy to transfer risk away from taxpayers to private investors.

Freddie Mac (OTCQB: FMCC) reported that the 30-year fixed-rate mortgage averaged 2.86% for the week ending September 16, 2021, slightly down from 2.88% the previous week. Additionally, the 15-year fixed-rate mortgage averaged 2.12%, down from 2.19%. The 5-year Treasury-indexed ARM rose to 2.51% from 2.42%. Chief Economist Sam Khater noted that mortgage rates have remained stable amid economic concerns due to COVID-19. He highlighted ongoing shifts such as increased remote work and automation that could spur future economic growth.

Freddie Mac (OTCQB: FMCC) has announced the pricing of a new offering of approximately $779 million in Structured Pass-Through Certificates (K-F121 Certificates), expected to settle on September 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 6.71 years. The pricing includes one senior class and one interest-only class, guaranteed by Freddie Mac, aimed at enhancing cash flows and transferring the risk from taxpayers to private investors.

The Freddie Mac (OTCQB: FMCC) Multifamily Apartment Investment Market Index (AIMI) showed positive growth in Q2 2021, rising 0.7% quarterly and 2.6% annually. Strong net operating incomes (NOIs) and low mortgage rates contributed to this favorable environment, despite a 5 basis point increase in mortgage rates. The AIMI recorded growth in 22 of the 25 tracked markets, with notable NOI increases of 8.3% in Orlando and 8.5% in Phoenix. However, New York and San Francisco experienced significant NOI declines of 13.0% and 15.1%, respectively.

Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates (K Certificates) amounting to approximately $1.1 billion. These K-131 Certificates are backed by fixed-rate multifamily mortgages with predominantly 10-year terms. Expected settlement is around September 17, 2021. The K-131 Certificates include various classes with diverse principal amounts and yield rates, such as A-1 with $52.793 million and an average yield of 1.14931%, and A-2 with $970.887 million at 1.51177%.

Freddie Mac (OTCQB: FMCC) has introduced enhanced tenant protections for Manufactured Housing Community (MHC) transactions, effective immediately. The protections exceed state and local laws and include one-year renewable leases, written notice of rent hikes, grace periods for late payments, and rights for selling manufactured homes. This initiative aims to support homeowners leasing pads in MHCs, addressing a gap identified in previous regulations. Freddie Mac plans to finance over 75 MHCs this year, amounting to over $700 million.

Freddie Mac (OTCQB: FMCC) reported the results of its Primary Mortgage Market Survey® (PMMS®) for the week ending September 9, 2021. The 30-year fixed-rate mortgage averaged 2.88%, slightly up from 2.87% the previous week. The 15-year fixed-rate mortgage averaged 2.19%, also up from 2.18% last week. Meanwhile, the 5-year Treasury-indexed ARM fell to 2.42%, down from 2.43%. The survey indicates that low mortgage rates provide consumers more time to search for homes, albeit amid economic challenges from rising COVID-19 cases impacting consumer confidence.