FREDDIE MAC - FMCC STOCK NEWS

Freddie Mac (OTCQB: FMCC) reported that the 30-year fixed-rate mortgage averaged 2.73% for the week ending February 11, 2021, unchanged from last week and down from 3.47% a year prior. The 15-year fixed-rate mortgage decreased to 2.19%, while the 5-year adjustable-rate mortgage rose slightly to 2.79%. Chief Economist Sam Khater noted the residential real estate market remains strong due to healthy purchase demand, despite challenges in the services economy and inventory shortages. The PMMS focuses on conventional loans for borrowers with excellent credit.

Freddie Mac (OTCQB: FMCC) announced its fourth quarter and full-year 2020 financial results on February 11, 2021. The annual report was filed with the SEC, accessible on their website. The company, established by Congress in 1970, continues to provide vital mortgage capital to lenders, ensuring housing remains affordable for millions. Freddie Mac aims to enhance the housing finance system for homebuyers, renters, lenders, and taxpayers. A media call discussing the results will take place at 9 a.m. ET on the same day.

Freddie Mac (OTCQB: FMCC) has created two new leadership positions to enhance equity in housing. Pamela Perry is appointed Vice President for Single-Family Equitable Housing, while Amanda Nunnink takes on the role of Vice President for Equity in Multifamily Housing. Both leaders will focus on addressing systemic barriers to homeownership for minority families and promoting diversity, equity, and inclusion in the housing sector. Perry brings 25 years of legal experience, and Nunnink has extensive knowledge from her work with Freddie Mac's Optigo® network.

Freddie Mac (OTCQB: FMCC) has priced a new offering of approximately $942 million in K Certificates (K-F99 Certificates), expected to settle on February 19, 2021. These certificates are backed by floating-rate multifamily mortgages with a 10-year term indexed to the Secured Overnight Financing Rate (SOFR). The offering includes one senior principal and interest class and an interest-only class entitled to static prepayment premiums. The K-F99 Certificates, co-managed by Citigroup and Goldman Sachs, will not be rated.

Freddie Mac (OTCQB:FMCC) will report its fourth quarter and full-year 2020 financial results before the U.S. markets open on February 11, 2021. A media call is set for the same day at 9 a.m. ET, which will also be webcast, with a replay available on the company’s website for 30 days. Established by Congress in 1970, Freddie Mac aims to enhance housing accessibility and affordability for millions of families through mortgage capital provision. More information can be found at FreddieMac.com.

Freddie Mac (OTCQB: FMCC) has announced the pricing of its new offering of approximately $1 billion in Structured Pass-Through Certificates (K-F98 Certificates). Set to settle on February 11, 2021, these certificates back floating-rate multifamily mortgages with 10-year terms. The offering includes classes of senior bonds indexed to both SOFR and LIBOR. Co-lead managers include Goldman Sachs and J.P. Morgan, with the K-F98 Certificates not rated but guaranteed by Freddie Mac, aimed at transferring risk away from taxpayers.

Freddie Mac (OTCQB: FMCC) reported its Primary Mortgage Market Survey results, showing the average 30-year fixed-rate mortgage rate at 2.73%, unchanged from last week. This stability signals a continued challenging economic environment. Although lower income homeowners could benefit from refinancing, evidence suggests they are not taking advantage of the low rates as much as their upper-income counterparts. For the week ending February 4, 2021, the 15-year fixed-rate mortgage rose slightly to 2.21%.

Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates (K-124 Certificates), totaling approximately $1.1 billion. These certificates, secured by fixed-rate multifamily mortgages, are set to settle on February 11, 2021. The offering includes various classes with different principal amounts, weighted average life, spreads, and yields. Major bookrunners include BofA Securities and Wells Fargo, with ratings provided by Fitch and Kroll. This move aligns with Freddie Mac's strategy to manage risk effectively while providing stable cash flows to investors.