reports
Freddie Mac Announces Tender Offer for Any and All of Certain STACR No...
Freddie Mac Announces Tender Offer for Any and All of Certain STACR Notes MCLEAN, Va., May 06, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that it has commenced a fixed-price cash tender offer (the “Offer”) for the purchase of any and all of the STACR® (Structured Agency Credit Risk) Notes listed in the table below (the “Notes”) beginning Monday, May 6, 2024. Certain of the classes of Notes subject to the Offer were issued by the STACR Trust identified in the table below (each, a “Trust”). Freddie Mac is the holder of the owner certificate issued by each Trust and, ...
Rates Increase Again and at a Key Moment for the Housing Market
Rates Increase Again and at a Key Moment for the Housing Market MCLEAN, Va., May 02, 2024 (GLOBE NEWSWIRE) -- (OTCQB: FMCC) today released the results of its (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.22 percent. “The 30-year fixed-rate mortgage increased for the fifth consecutive week as we enter the heart of Spring Homebuying Season,” said Sam Khater, Freddie Mac’s Chief Economist. “On average, more than one-third of home sales for the entire year occur between March and June. With two months left of this historically busy period, potential homebuyers will like...
Freddie Mac Announces First Quarter 2024 Financial Results
Freddie Mac Announces First Quarter 2024 Financial Results MCLEAN, Va., May 01, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today reported its First Quarter 2024 financial results and filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission. The company’s Form 10-Q and earnings press release, along with the First Quarter 2024 financial results supplement are available now on the of the company’s website. The company will hold a call at 9 a.m. Eastern Time (ET) today, May 1, 2024, to share its results with the media. The call will be concurrentl...
Freddie Mac Announces Release Date for First Quarter 2024 Financial Re...
Freddie Mac Announces Release Date for First Quarter 2024 Financial Results MCLEAN, Va., April 30, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB:FMCC) announced today that it plans to report its First Quarter 2024 financial results before the U.S. financial markets open on Wednesday, May 1, 2024. The company will hold a call at 9 a.m. Eastern Time (ET) on Wednesday, May 1, 2024, to share the company’s results with the media. The call will be concurrently , and the replay will be available on the company’s for approximately 30 days. All materials related to the call will be available on th...
Freddie Mac Sells $5.7 Million in Non-Performing Loans
Freddie Mac Sells $5.7 Million in Non-Performing Loans Awards EXPO Pool to One Winner MCLEAN, Va., April 30, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced it sold via auction 20 deeply delinquent non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio to GITSIT Solutions, LLC. The loans, with a balance of approximately $5.7 million, are currently serviced by Specialized Loan Servicing LLC and NewRez LLC, d/b/a Shellpoint Mortgage Servicing. The sale is part of Freddie Mac’s Extended Timeline Pool Offering (EXPO®) and the tr...
Freddie Mac Delivers 2024 Equitable Housing Finance Plan
Freddie Mac Delivers 2024 Equitable Housing Finance Plan Update to three-year Plan continues progress on equitable and sustainable housing MCLEAN, Va., April 29, 2024 (GLOBE NEWSWIRE) -- (OTCQB: FMCC) today published its Equitable Housing Finance Plan and Performance Report for 2023 along with revisions to its 2024 objectives and actions within its three-year Equitable Housing Finance Plan. The Plan is the company’s roadmap to promote sustainable homeownership and rental opportunities for traditionally underserved communities across the nation. Since 2022, Freddie Mac has helped more t...
Freddie Mac Issues Monthly Volume Summary for March 2024
Freddie Mac Issues Monthly Volume Summary for March 2024 McLEAN, Va., April 25, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today posted to its website its for March 2024, which provides information on Freddie Mac’s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments. Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families bu...
Mortgage Rates Continue to Increase
Mortgage Rates Continue to Increase MCLEAN, Va., April 25, 2024 (GLOBE NEWSWIRE) -- (OTCQB: FMCC) today released the results of its (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.17 percent. “Mortgage rates continued rising this week,” said Sam Khater, Freddie Mac’s Chief Economist. “Despite rates increasing more than half a percent since the first week of the year, purchase demand remains steady. With rates staying higher for longer, many homebuyers are adjusting, as evidenced by this week’s report that sales of newly built homes saw the biggest increase since Decem...
Mortgage Rates Exceed 7 Percent for the First Time this Year
Mortgage Rates Exceed 7 Percent for the First Time this Year MCLEAN, Va., April 18, 2024 (GLOBE NEWSWIRE) -- (OTCQB: FMCC) today released the results of its (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.10 percent. “The 30-year fixed-rate mortgage surpassed 7 percent for the first time this year, jumping from 6.88 percent to 7.10 percent this week,” said Sam Khater, Freddie Mac’s Chief Economist. “As rates trend higher, potential homebuyers are deciding whether to buy before rates rise even more or hold off in hopes of decreases later in the year. Last week, purchas...
Freddie Mac Multifamily Announces More Than $20 Billion in Impact Bond...
Freddie Mac Multifamily Announces More Than $20 Billion in Impact Bonds Issued Since Program Inception Impact of Green, Social and Sustainability Bonds Detailed in New Report MCLEAN, Va., April 16, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) Multifamily’s Impact Bonds program has issued over $20 billion in Green, Social and Sustainability bonds since the program’s creation in 2019. The announcement of the milestone comes as the company released its annual Impact Bonds Report. Freddie Mac’s Impact Bonds support multifamily properties that address persistent housing challenges, pa...
Freddie Mac Multifamily Enhances Policies to Strengthen Due Diligence,...
Freddie Mac Multifamily Enhances Policies to Strengthen Due Diligence, Deter Fraud and Reduce Risks MCLEAN, Va., April 15, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) Multifamily today announced a series of policy and process enhancements that further strengthen underwriting due diligence, bolster fraud detection and deterrence, and mitigate other risks. Effective April 18, the changes include enhanced property inspection requirements and additional due diligence, among other measures. "Freddie Mac remains focused on risk management and works to enhance our processes to better d...
Mortgage Rates Move Toward Seven Percent as Markets Digest Incoming Da...
Mortgage Rates Move Toward Seven Percent as Markets Digest Incoming Data MCLEAN, Va., April 11, 2024 (GLOBE NEWSWIRE) -- (OTCQB: FMCC) today released the results of its (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.88 percent. “Mortgage rates have been drifting higher for most of the year due to sustained inflation and the reevaluation of the Federal Reserve’s monetary policy path,” said Sam Khater, Freddie Mac’s Chief Economist. “While newly released inflation data from March continues to show a trend of very little movement, the financial market’s reaction paints ...
Freddie Mac Sells $104 Million in Non-Performing Loans
Freddie Mac Sells $104 Million in Non-Performing Loans Awards SPO Pool to One Winner MCLEAN, Va., April 09, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced it sold via auction 679 deeply delinquent non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio. The loans, with a balance of approximately $104 million, are currently serviced by Specialized Loan Servicing LLC and NewRez LLC, d/b/a Shellpoint Mortgage Servicing. The transaction is expected to settle in June 2024. The sale is part of Freddie Mac’s Standard Pool Offerings...
Mortgage Rates Continue to Show Little Movement
Mortgage Rates Continue to Show Little Movement MCLEAN, Va., April 04, 2024 (GLOBE NEWSWIRE) -- (OTCQB: FMCC) today released the results of its (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.82 percent. "Mortgage rates showed little movement again this week, hovering around 6.8 percent,” said Sam Khater, Freddie Mac’s Chief Economist. “Since the start of 2024, the 30-year fixed-rate mortgage has not reached seven percent but has not dropped below 6.6 percent either. While incoming economic signals indicate lower rates of inflation, we do not expect rates will decreas...
Freddie Mac anuncia el lanzamiento de una herramienta gratuita para ay...
Freddie Mac anuncia el lanzamiento de una herramienta gratuita para ayudar a los compradores de vivienda a que aprovechen los programas de asistencia para el pago inicial DPA One® simplifica el proceso para que los prestadores y los proveedores de programas de asistencia ayuden a más compradores de primera vivienda a ser propietarios MCLEAN, Va., April 04, 2024 (GLOBE NEWSWIRE) -- Hoy (OTCQB: FMCC) anunció el lanzamiento de para ayudar a los prestadores hipotecarios a rápidamente e parejar prestatarios con programas de asistencia para el pago inicial (Down Payment Assistance, DPA) a n...
Mortgage Rates Drop Slightly
Mortgage Rates Drop Slightly MCLEAN, Va., March 28, 2024 (GLOBE NEWSWIRE) -- (OTCQB: FMCC) today released the results of its (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.79 percent. “Mortgage rates moved slightly lower this week, providing a bit more room in the budgets of some prospective homebuyers,” said Sam Khater, Freddie Mac’s Chief Economist. “We also are seeing encouraging data on existing home sales, which reflects improving inventory. Regardless, rates remain elevated near seven percent as markets watch for signs of cooling inflation, hoping that rates wi...
Freddie Mac Issues Monthly Volume Summary for February 2024
Freddie Mac Issues Monthly Volume Summary for February 2024 MCLEAN, Va., March 25, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today posted to its website its for February 2024, which provides information on Freddie Mac’s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments. Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of famil...
Mortgage Rates Increase, Nearing Seven Percent
Mortgage Rates Increase, Nearing Seven Percent MCLEAN, Va., March 21, 2024 (GLOBE NEWSWIRE) -- (OTCQB: FMCC) today released the results of its (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.87 percent. “After decreasing for a couple of weeks, mortgage rates are once again on the upswing,” said Sam Khater, Freddie Mac’s Chief Economist. “As the spring homebuying season gets underway, existing home inventory has increased slightly and new home construction has picked up. Despite elevated rates, homebuilders are displaying renewed confidence in the housing market, foc...
Freddie Mac and ICE Collaborate to Help Lenders Improve Loan Quality
Freddie Mac and ICE Collaborate to Help Lenders Improve Loan Quality LAS VEGAS, March 19, 2024 (GLOBE NEWSWIRE) -- (OTCQB: FMCC) and (NYSE:ICE), a leading global provider of technology and data, today announced they’re working together to bring greater loan quality to the mortgage origination process so lenders can effectively serve more borrowers while reducing risk. The collaboration will leverage both companies’ automation technologies and solutions to help lenders quickly and efficiently underwrite mortgage loans starting at the point of sale. “We’re joining forces with ICE to comb...
Freddie Mac Announces Michael T. Hutchins as Interim CEO
Freddie Mac Announces Michael T. Hutchins as Interim CEO MCLEAN, Va., March 15, 2024 (GLOBE NEWSWIRE) -- (OTCQB: FMCC) today announced that the company has appointed President Michael T. Hutchins to the additional role of Interim Chief Executive Officer (CEO) as the company continues its search for a permanent CEO. He also will become a member of Freddie Mac’s Board of Directors. Hutchins was named President of Freddie Mac in 2020 and is a member of the company's Senior Operating Committee. He will continue serving as President and will take on the role of Interim CEO and Board member e...
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