FREDDIE MAC FMCC overview

MCLEAN, Va., March 06, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates ( K Certificates ), which are backed by underlying collateral consisting of fixed-rate multifamily mortgages with predominantly 10-year terms. The company expects to issue approximately $1.2 billion in K Certificates (K-105 Certificates), which are expected to settle on or about March 12, 2020. K-105 Pricing Class Principal/Notional Amount (mm) Weighted...

MCLEAN, Va., March 06, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced pricing of the first Seasoned Credit Risk Transfer Trust (SCRT) offering of 2020—a securitization of approximately $1.8 billion including both guaranteed senior and unguaranteed subordinate securities backed by a pool of seasoned re-performing loans (RPLs). The SCRT securitization program is a fundamental part of Freddie Mac's seasoned loan offerings which reduce less liquid assets in its mortgage-related...

MCLEAN, Va., March 05, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS ® ), showing that the 30-year fixed-rate mortgage (FRM) averaged the lowest rate in our survey’s history which dates back to 1971. “The average 30-year fixed-rate mortgage hit a record 3.29 percent this week, the lowest level in its nearly 50-year history. Meanwhile, mortgage applications increased 10 percent last week from one year ago and show...

MCLEAN, Va., Feb. 28, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released an Insight elaborating on its previous research, The Major Challenges of Inadequate U.S. Housing Supply , by taking a closer look at the housing supply shortage on a state-by-state basis including domestic migration. Years of underbuilding has created a large deficit, particularly for states with strong economies that attracted people from other states. The construction deficit in these states has partly led...

MCLEAN, Va., Feb. 27, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announced today that it issued its Monthly Volume Summary for January 2020, which provides information on Freddie Mac’s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities, and other investments. Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we’ve made housing more...

MCLEAN, Va., Feb. 27, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates ( K Certificates ), backed by a fixed-rate multifamily mortgage loan. The approximately $580 million in K Certificates (K-HG2 Certificates) are backed by sixteen properties indirectly controlled by Harbor Group International, LLC, or its affiliates. K-HG2 is expected to settle on or about March 6, 2020. The transaction collateral is part of Freddie...

MCLEAN, Va., Feb. 27, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS ® ), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.45 percent. “Given the recent volatility of the ten-year Treasury yield, it’s not surprising that mortgage rates again have dropped,” said Sam Khater, Freddie Mac’s Chief Economist. “These low rates combined with high consumer confidence continue to drive home sales upward,...

MCLEAN, Va., Feb. 26, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates ( K Certificates ), which includes a class of floating rate bonds indexed to the Secured Overnight Financing Rate (SOFR). The approximately $870 million in K Certificates (K-F75 Certificates) are expected to settle on or about March 6, 2020. The K-F75 Certificates are backed by floating-rate multifamily mortgages with 10-year terms, which are currently...