Welcome to our dedicated page for FREDDIE MAC news (Ticker: FMCC), a resource for investors and traders seeking the latest updates and insights on FREDDIE MAC stock.
Freddie Mac, known as FMCC in the stock market, is dedicated to making home ownership accessible and affordable for millions of families across the nation. Established in 1970 by Congress, Freddie Mac provides mortgage capital to lenders, ensuring a better housing finance system for homebuyers, renters, lenders, and taxpayers. They have partnered with various agencies to offer to purchase notes. Moreover, Freddie Mac's Single-Family Credit Risk Transfer programs channel credit risk away from taxpayers to private capital through securities and insurance policies. With a strong mission and commitment to the community, Freddie Mac plays a vital role in ensuring that individuals have access to safe and affordable housing.Freddie Mac announced the results of its tender offer for certain STACR Notes, with approximately $1.7 billion aggregate original principal amount of the Notes being validly tendered and not withdrawn. The Offer was conducted in accordance with the Offer Documents, with Nomura Securities International, Inc. and BofA Securities, Inc. as lead dealer managers. The Settlement Date for the Notes is expected on May 14, 2024.
Freddie Mac's Primary Mortgage Market Survey shows a decrease in 30-year fixed-rate mortgage to 7.09% after a five-week climb. The drop was influenced by a weaker job report, impacting both sellers and buyers in the housing market.
Freddie Mac announced a fixed-price cash tender offer for the purchase of certain STACR Notes starting on May 6, 2024. The Offer will expire on May 10, 2024, with a Settlement Date expected on May 14, 2024. Freddie Mac is offering to purchase any and all of the Notes listed in the announcement. The Lead Dealer Managers appointed are Nomura Securities International, Inc. and BofA Securities, Inc. Freddie Mac expects to purchase the Notes listed, with the Total Consideration based on the original principal amount, applicable factor, and Tender Offer Consideration.
Freddie Mac's Primary Mortgage Market Survey reveals a 30-year fixed-rate mortgage at 7.22%, increasing for five weeks straight. Chief Economist Sam Khater notes the impact on Spring Homebuying Season, as home sales peak between March and June. While rates rise, pending home sales show resilience. The 15-year FRM is also up, reflecting market trends and potential challenges for homebuyers.
Freddie Mac announced its First Quarter 2024 financial results, highlighting its mission to support families in the housing market. The company reported earnings and filed its Form 10-Q with the SEC. The results are available online, and a call will be held to discuss the findings.
Freddie Mac (FMCC) has announced the release date for its First Quarter 2024 financial results, scheduled for May 1, 2024. The company will report the results before the U.S. financial markets open and hold a call to share the results with the media at 9 a.m. Eastern Time. Freddie Mac aims to make homeownership possible for families by promoting liquidity, stability, affordability, and equity in the housing market.
Freddie Mac announced the sale of 20 non-performing loans totaling $5.7 million to GITSIT Solutions, , as part of the Extended Timeline Pool Offering (EXPO®). The loans are currently serviced by Specialized Loan Servicing and NewRez The sale aims to reduce less-liquid assets and improve borrower outcomes.
Freddie Mac published its Equitable Housing Finance Plan and Performance Report for 2023, emphasizing sustainable homeownership and rental opportunities for underserved communities. The Plan includes initiatives like down payment assistance, Special Purpose Credit Programs, renter credit building, and access to credit for historically underserved borrowers. The company aims to increase diversity across housing finance, support affordable housing creation and preservation, and provide resources for diverse homebuyers. Freddie Mac's actions are geared towards promoting equity in the single-family and multifamily housing markets.
FAQ
What is the current stock price of FREDDIE MAC (FMCC)?
What is the market cap of FREDDIE MAC (FMCC)?
When was Freddie Mac established?
What is the core business of Freddie Mac?
What are the key initiatives of Freddie Mac?
How does Freddie Mac manage credit risk?
What are some recent achievements of Freddie Mac?
