FREDDIE MAC - FMCC STOCK NEWS

On October 19, 2020, Freddie Mac (OTCQB: FMCC) announced the auction sale of 101 non-performing residential first lien loans (NPLs) valued at $18.4 million to VRMTG ACQ, LLC. This transaction is part of Freddie Mac’s Extended Timeline Pool Offering and is expected to settle in December 2020. The loans, which have an average delinquency of 22 months, include modified mortgages that are now delinquent. Freddie Mac has sold over $8.4 billion in NPLs to date, focusing on reducing less-liquid assets in its mortgage-related investments portfolio.

Freddie Mac has announced the pricing of its $1.086 billion STACR REMIC 2020-DNA5 offering, marking its first Single-Family credit risk transfer (CRT) deal linked to the Secured Overnight Financing Rate (SOFR). The new structure utilizes a 30-day average SOFR, aiming for a transition to a term SOFR pending regulatory approval. This offering is Freddie Mac’s fifth securities transaction of the year, covering low loan-to-value single-family loans. The transaction highlights the shift from LIBOR to SOFR, benefitting investors and Freddie Mac's credit risk management.

Freddie Mac (OTCQB: FMCC) has priced its SB79 offering, a multifamily mortgage-backed securitization totaling approximately $368 million. This offering is the tenth SB Certificate transaction for 2020, settling around October 23, 2020. The SB79 Certificates are backed by small balance loans, which generally range from $1 million to $7.5 million. Freddie Mac guarantees three senior classes of securities in this trust, while certificates not guaranteed will be sold to private investors. This initiative continues Freddie Mac's effort to enhance liquidity for smaller apartment properties.

Freddie Mac (OTCQB: FMCC) has announced the pricing of its new Structured Pass-Through Certificates, known as K-F88 Certificates, amounting to approximately $877 million. These certificates are scheduled to settle around October 23, 2020. The K-F88 includes senior bonds indexed to both LIBOR and SOFR, with Freddie Mac offering a basis risk guarantee for the SOFR-indexed class. The Certificates will not be rated and encompass multiple classes backed by multifamily mortgages, aligning with Freddie Mac's strategy to transfer risk from taxpayers to private investors.

Freddie Mac (OTCQB: FMCC) reported the results of its Primary Mortgage Market Survey, revealing that the 30-year fixed-rate mortgage averaged 2.81% for the week ending October 15, 2020, making it the lowest rate in the survey's history. This marks the tenth record low this year, driving strong refinance activity. The 15-year fixed-rate mortgage averaged 2.35%, while the 5-year ARM averaged 2.90%. Freddie Mac continues to facilitate affordable housing by providing mortgage capital to lenders across the nation.

Freddie Mac (FMCC) has announced the pricing of a new $3 billion, 0.125% three-year USD Reference Notes® security, set to mature on October 16, 2023. Priced at 99.627, the yield stands at 0.25%, which is 7.5 basis points higher than that of three-year U.S. Treasury Notes. The offering will settle on October 16, 2020, and is led by J.P. Morgan Securities, TD Securities, and Wells Fargo Securities, among others. This announcement does not constitute an offer to sell Freddie Mac securities.

Freddie Mac (OTCQB: FMCC) reported a significant increase in mortgage origination volumes as homeowners capitalized on low mortgage rates. Despite economic challenges due to the coronavirus pandemic, the housing market remains strong, with solid refinance activity and continued homebuyer demand. Key forecasts for 2020 include a 3.2% average rate for 30-year fixed mortgages, a 5.5% increase in house prices, and total mortgage origination levels expected to reach $3.582 trillion. For 2021, a slight decrease in home sales and refinance originations is anticipated.

Freddie Mac (OTCQB:FMCC) announced its intent to issue new three-year USD Reference Notes security, CUSIP number 3137EAEY1, maturing on October 16, 2023. The settlement will occur on October 16, 2020, at benchmark size. This offering will be executed through a syndicate of dealers led by J.P. Morgan Securities, TD Securities, and Wells Fargo Securities, among others. This announcement does not constitute an offer to sell securities; relevant offering details can be found in Freddie Mac's regulatory filings.