Welcome to our dedicated page for Federal Home news (Ticker: FMCC), a resource for investors and traders seeking the latest updates and insights on Federal Home stock.
Freddie Mac (OTCQB: FMCC), formally the Federal Home Loan Mortgage Corporation, regularly issues news and updates that reflect its role in U.S. housing finance. The company describes its mission as making home possible for families across the nation by promoting liquidity, stability and affordability in the housing market throughout all economic cycles. Since 1970, it reports having helped tens of millions of families buy, rent or keep their home.
News about Freddie Mac often covers mortgage rate trends through its Primary Mortgage Market Survey® (PMMS®). These releases provide average rates for products such as the 30-year and 15-year fixed-rate mortgage, focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit. Such updates can give readers insight into movements in mortgage costs and the company’s commentary on housing demand.
Another key news theme is Freddie Mac’s activity in credit risk transfer and securities issuance. The company publishes updates on its Single-Family Credit Risk Transfer (CRT) programs, including STACR® and ACIS® transactions, and on multifamily securities such as K-Deals®, Multi PCs®, SB-Deals®, M-Deals, ML-Deals, Q-Deals, MSCR notes and MCIP policies. These announcements describe how Freddie Mac transfers credit, interest-rate and liquidity risk away from U.S. taxpayers to private investors and (re)insurers.
Freddie Mac also releases information on its Monthly Volume Summary, tender offers for STACR notes, and exchange offers for Gold PCs and Giant PCs. Governance and leadership developments, such as changes in executive roles or board membership, are disclosed through press releases and related SEC filings. Investors and observers can use this news feed to follow Freddie Mac’s mortgage market surveys, securities issuance, risk transfer activity and corporate updates in one place.
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.
Freddie Mac (OTCQB: FMCC) announced the pricing of approximately $550 million in Structured Pass-Through Certificates (K-I07 Certificates), set to settle around November 2, 2021. These K Certificates are supported by floating-rate multifamily mortgages with a 3-year term, aligned with the Secured Overnight Financing Rate (SOFR). The K-I07 includes one senior principal and interest class, backed by classes from the FREMF 2021-KI07 Mortgage Trust, and aims to transfer the risk of losses from taxpayers to private investors.
Freddie Mac (OTCQB: FMCC) released its Primary Mortgage Market Survey on October 21, 2021, indicating that the 30-year fixed-rate mortgage averaged 3.09%, up from 3.05% the previous week and 2.80% a year ago. The 15-year fixed-rate mortgage rose to 2.33%, consistent with last year, while the 5-year Treasury-indexed hybrid ARM decreased slightly to 2.54%. Chief Economist Sam Khater noted rising mortgage rates amid a challenging economic backdrop, with high prices driven by strong demand and limited supply. This suggests a robust housing market outlook as the year progresses.
Freddie Mac (OTCQB: FMCC) has announced the pricing of a new offering of Multifamily WI K-Deal Certificates, expected to total approximately $185 million. These certificates are backed by cash assets to purchase the A-M class of a forthcoming reference K-Deal. The certificates will be indirectly supported by fixed-rate multifamily mortgages with predominantly 10-year terms. The offering is set to settle on or about October 27, 2021. Wells Fargo Securities, LLC and J.P. Morgan Securities LLC serve as co-lead managers for the issuance.
Freddie Mac (OTCQB: FMCC) has announced the pricing of its new offering of approximately $767 million in K Certificates (K-F122 Certificates), expected to settle on or about October 28, 2021. These structured pass-through certificates, backed by SOFR-indexed floating-rate multifamily mortgages with 10-year terms, include a senior principal and interest class along with an interest-only class. The K Certificates are part of Freddie Mac's strategy to transfer risk from taxpayers to private investors and aim to provide stable cash flows.