News & Videos - FREDDIE MAC FMCC

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...

MCLEAN, Va., Feb. 25, 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-104 Certificates), which are expected to settle on or about February 27, 2020. K-104 Pricing Class Principal/Notional Amount (mm)...

MCLEAN, Va., Feb. 20, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announced that Mark B. Grier has been elected to its Board of Directors effective February 18, 2020. Grier served as Vice Chairman and a Member of the Board of Directors of Prudential Financial, Inc. until his retirement in 2019. “Mark Grier brings more than 40 years of finance, risk, and markets experience to Freddie Mac,” said Sara Mathew, non-executive chair of Freddie Mac’s Board of Directors. “His deep...

MCLEAN, Va., Feb. 20, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announced today that Donna Corley has been named executive vice president and head of the company’s Single-Family business. Corley brings to the position nearly 25 years of experience in the financial services industry as well as deep expertise in risk management, capital markets and pricing. She was named interim head of the Single-Family division in October 2019. “Donna Corley is a proven, respected leader and I am...

MCLEAN, Va., Feb. 20, 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 3.49 percent. “The low mortgage rate environment continues to spur homebuying activity, with applications to purchase a home up fifteen percent from a year ago,” said Sam Khater, Freddie Mac’s Chief Economist. “We’ve seen new residential construction surge over the last few...

MCLEAN, Va., Feb. 20, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced its first Seasoned Loans Structured Transaction (SLST) offering of 2020—a securitization backed by a pool of approximately $1.1 billion seasoned re-performing loans (RPLs). The SLST program is a fundamental part of Freddie Mac's seasoned loan offerings which reduce less-liquid assets in its mortgage-related investments portfolio and shed credit and market risk via economically reasonable transactions. The...

MCLEAN, Va., Feb. 19, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates ( K Certificates ) that are backed by underlying collateral consisting of supplemental multifamily mortgages. The company expects to issue approximately $269 million in K Certificates (K-J28 Certificates), which are expected to settle on or about February 27, 2020. K-J28 Pricing Class Principal/Notional Amount (mm) Weighted Average Life (Years) Spread...

MCLEAN, Va., Feb. 19, 2020 (GLOBE NEWSWIRE) -- Freddie Mac ’s Single-Family business today announced that its Credit Risk Transfer (CRT) program transferred $9.1 billion of credit risk on $231 billion of single-family mortgages from U.S. taxpayers to the private sector in 2019. In 2020, Freddie Mac anticipates issuing between $12 and $16 billion in CRT offerings. “2019 was an incredibly productive year for Single-Family CRT, as we brought 30 deals to market,” said Mike Reynolds, Vice...

MCLEAN, Va., Feb. 14, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announces the pricing of the SB71 offering, a multifamily mortgage-backed securitization backed by small balance loans underwritten by Freddie Mac and issued by a third-party trust. The company expects to issue approximately $379 million in SB Certificates (SB71 Certificates), which are expected to settle on or about February 21, 2020. Freddie Mac Small Balance Loans generally range from $1 million to $7.5 million and are...

McLEAN, Va., Feb. 13, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announced today that it priced its new 1.5% five-year USD Reference Notes ® security due on February 12, 2025. The issue, CUSIP number 3137EAEP0, was priced at 99.923 to yield 1.516%, 8 basis points more than the yield on five-year U.S. Treasury Notes. The issue will settle on Friday, February 14, 2020. The new five-year Reference Notes security will be offered via a syndicate of dealers headed by Barclays Capital Inc.,...

MCLEAN, Va., Feb. 13, 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 3.47 percent. “With mortgage rates hovering near a five-decade low, refinance application activity is once again surging, rising to the highest level in seven years,” said Sam Khater, Freddie Mac’s Chief Economist. “This surge coupled with strong purchase activity means that...

MCLEAN, Va., Feb. 13, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today reported its fourth quarter and full-year 2019 financial results and filed its Annual Report on Form 10-K with the U.S. Securities and Exchange Commission (SEC). The company’s Form 10-K and press release are available now on its website, www.FreddieMac.com/investors , along with the fourth quarter 2019 financial results supplement. The company will hold a conference call at 9 a.m. Eastern Time (ET) on Thursday,...

McLEAN, Va. , Feb. 12, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB:FMCC) announced today that it plans to issue a new five-year USD Reference Notes® security, CUSIP number 3137EAEP0, due on February 12, 2025. The issue will be priced on Thursday, February 13, 2020, and will settle on Friday, February 14, 2020, at benchmark size. The new five-year Reference Notes security will be offered via a syndicate of dealers headed by Barclays Capital, Inc., Nomura Securities International, Inc., and Wells...