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 (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) released its Monthly Volume Summary for May 2021, detailing mortgage-related portfolios, securities issuance, and risk management efforts. The report highlights Freddie Mac's role in enhancing housing accessibility for millions by providing mortgage capital. Established by Congress in 1970, the organization aims to improve the housing finance system for homebuyers, renters, and lenders. For further details, visit FreddieMac.com.
Freddie Mac (OTCQB: FMCC) reported a rise in the 30-year fixed-rate mortgage average to 3.02% for the week ending June 24, 2021, up from 2.93% the previous week. This represents the first time rates have exceeded 3% in ten weeks. The 15-year fixed-rate mortgage rose to 2.34%, while the 5-year ARM slightly increased to 2.53%. Chief Economist Sam Khater indicated that rising rates are expected to continue as the economy improves and inflation persists. Homeowners are encouraged to refinance before rates rise further.
Freddie Mac (OTCQB: FMCC) announced the election of Alberto G. Musalem to its Board of Directors, effective June 17, 2021. Musalem is the CEO and co-founder of Evince Asset Management, bringing extensive experience in finance and economics. His prior roles include executive vice president at the Federal Reserve Bank of New York and leadership positions at Tudor Investment Corporation. Musalem's expertise is expected to enhance Freddie Mac's Risk and Compensation & Human Capital committees, supporting its mission to improve housing accessibility.
Freddie Mac (OTCQB: FMCC) announced results from its Primary Mortgage Market Survey (PMMS) for the week ending June 17, 2021. The 30-year fixed-rate mortgage averaged 2.93%, down from 2.96% the previous week and 3.13% a year ago. The 15-year fixed-rate mortgage slightly rose to 2.24%, while the 5-year adjustable-rate mortgage dropped to 2.52%. Chief Economist Sam Khater noted that while mortgage rates are low, weakened demand is primarily due to high home prices, suggesting ongoing affordability challenges.
Freddie Mac (OTCQB: FMCC) has announced the pricing of its new offering of Structured Pass-Through Certificates, totaling approximately $886 million. These K-F114 Certificates are backed by floating-rate multifamily mortgages with 10-year terms indexed to the Secured Overnight Financing Rate (SOFR). The offering is set to settle around June 24, 2021. The K-F114 will include a class of floating-rate bonds and will not be rated. Major financial institutions, including Goldman Sachs and Barclays, have been appointed as co-lead managers.
Freddie Mac (OTCQB: FMCC) has priced its SB87 offering, a multifamily mortgage-backed securitization totaling approximately $385 million. The SB87 Certificates are expected to settle around June 17, 2021. This marks the sixth SB Certificate transaction in 2021, supporting the company's initiative to enhance liquidity in smaller apartment properties. Freddie Mac will guarantee senior securities issued by the FRESB 2021-SB87 Mortgage Trust and continue as the mortgage loan seller and master servicer.
Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates (K-129), backed by fixed-rate multifamily mortgages with 10-year terms. The offering aims to issue approximately $1 billion in K Certificates, expected to settle around June 17, 2021. Co-lead managers include Morgan Stanley & Co. LLC and Credit Suisse Securities (USA) LLC. The K-129 Certificates are part of a strategy to transfer risk from taxpayers to private investors. The announcement does not constitute an offer to sell any securities, as all offers are made through applicable offering circulars.
Freddie Mac (OTCQB: FMCC) announced the results of its Primary Mortgage Market Survey on June 10, 2021, revealing that the 30-year fixed-rate mortgage averaged 2.96%, down from 2.99% the previous week and 3.21% a year ago. The 15-year fixed-rate mortgage averaged 2.23%, while the 5-year ARM averaged 2.55%. Chief Economist Sam Khater noted a slowdown in purchase applications due to modestly higher mortgage rates, but emphasized that home prices remain elevated due to inventory shortages. This indicates a complex housing market amid economic recovery.
Freddie Mac (OTCQB: FMCC) announced the pricing of its second Seasoned Credit Risk Transfer Trust (SCRT) offering for 2021, totaling approximately $1.0 billion. This securitization includes $936 million in guaranteed senior certificates and $65 million in unguaranteed subordinate securities backed by seasoned re-performing loans (RPLs). The loans have been performing well, with only 0.38% on a forbearance plan. The transaction is set to settle on June 15, 2021. Freddie Mac has previously securitized over $72 billion in RPLs, bolstering its portfolio while reducing risk.
