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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 (OTCQB: FMCC) has priced an offering of approximately $937 million in Structured Pass-Through Certificates (K-F108 Certificates), backed by floating-rate multifamily mortgages with 10-year terms indexed to the Secured Overnight Financing Rate (SOFR). The K-F108 Certificates are set to settle on or about April 29, 2021. The offering includes one senior principal and interest class and one interest-only class. They are not rated and are part of Freddie Mac's strategy to transfer risk to private investors. The co-lead managers are Barclays Capital Inc. and J.P. Morgan Securities LLC.
Freddie Mac (OTCQB: FMCC) announced a decline in the 30-year fixed-rate mortgage to an average of 3.04% for the week ending April 15, 2021, down from 3.13% the previous week. Similarly, the 15-year fixed-rate mortgage averaged 2.35%, down from 2.42%. The 5-year adjustable-rate mortgage also decreased to 2.80%. Chief Economist Sam Khater noted that while mortgage rates are currently lower, inflationary pressures are increasing. A moderate rise in rates is anticipated for the rest of the year, despite current declines.
Freddie Mac (OTCQB: FMCC) anticipates that mortgage rates will rise, with the 30-year fixed-rate mortgage averaging 3.2% in 2021 and 3.7% in 2022. The forecast predicts a decline in total mortgage originations to $3.5 trillion in 2021, influenced by high home prices and low housing supply. Key figures include a projected 6.6% growth in home prices for 2021, a drop in home sales from 7.1 million in 2021 to 6.7 million in 2022, and refinance originations expected to plummet to $770 billion in 2022. These factors may dampen demand in the housing market.
Freddie Mac has priced approximately $964 million in new Structured Pass-Through Certificates (K Certificates), which include floating rate bonds linked to the Secured Overnight Financing Rate (SOFR). The K-F107 Certificates are backed by multifamily mortgages with 7-year terms and are expected to settle around April 22, 2021. The offering involves a senior principal and interest class, as well as an interest-only class entitled to static prepayment premiums. Goldman Sachs & Co. and Amherst Pierpont Securities are co-lead managers for this offering.
Freddie Mac (OTCQB: FMCC) has announced the pricing of a new offering of Structured Pass-Through Certificates, specifically K-1520 Certificates. The total issuance is expected to be approximately $838 million, with settlement projected for April 15, 2021. The certificates are backed by multifamily mortgage-backed securities that aim to transfer risk from taxpayers to private investors. The detailed pricing includes various class categories, weighted average life, coupons, and yields, crucial for investor decision-making.
Freddie Mac (OTCQB: FMCC) announced the pricing of its first Seasoned Credit Risk Transfer Trust (SCRT) offering for 2021, amounting to approximately $1.2 billion. This includes $1.1 billion in guaranteed senior certificates and $85 million in unguaranteed subordinate securities, backed by seasoned re-performing loans (RPLs). The securitization aims to bolster Freddie Mac's mortgage-related investments portfolio, minimizing credit risk. The transaction is set to settle on April 13, 2021.
Freddie Mac (OTCQB: FMCC) announced the results of its Primary Mortgage Market Survey, revealing that the 30-year fixed-rate mortgage has dropped to an average of 3.13%, down from 3.18% the previous week. The 15-year fixed-rate mortgage averaged 2.42%, and the 5-year ARM increased to 2.92%. The decline in rates is attributed to decreasing U.S. Treasury yields, which may boost demand for refinancing. Freddie Mac continues its mission to enhance housing affordability and accessibility for families and individuals.
Freddie Mac (OTCQB: FMCC) has announced the pricing of its new offering of K Certificates, amounting to approximately $908 million, expected to settle on April 15, 2021. This offering includes floating-rate bonds indexed to the Secured Overnight Financing Rate (SOFR) and is backed by multifamily mortgages with 10-year terms. The K-F106 Certificates will not be rated and feature one senior principal and interest class.
This offering forms part of Freddie Mac's strategy to transfer risk from taxpayers to private investors while ensuring a stable cash flow.
Freddie Mac (OTCQB: FMCC) has announced the pricing of its new Structured Pass-Through Certificates, known as K-F105 Certificates, totaling approximately $943 million. These certificates are backed by floating-rate multifamily mortgages with a 10-year term, indexed to the Secured Overnight Financing Rate (SOFR). The expected settlement date is April 13, 2021. The K-F105 structure includes various classes and will not be rated. This move aligns with Freddie Mac's strategy to mitigate taxpayer risk.
