Freddie Mac Reduces Credit Risk With Two New Actual Loss ACIS Insurance Policies With a Combined $223 Million Limit
Marketwired - Thu Jul 09, 12:00PM CDT
Freddie Mac (OTCQB: FMCC) announced today another innovation to its suite of credit risk transfer offerings -- its first two Agency Credit Insurance Structure (ACIS(R)) transactions that provide coverage based on both first loss and actual losses realized on a reference pool of residential mortgages. Through these ACIS transactions, Freddie Mac obtained insurance policies that move much of the remaining credit risk associated with two Structured Agency Credit Risk (STACR(R)) debt notes executed earlier this year to a panel of insurers and reinsurers. These two policies cover up to a combined maximum limit of approximately $223 million of losses that Freddie Mac incurs when homeowners default.
Global Uncertainty Pushes U.S. Mortgage Rates Lower
Marketwired - Thu Jul 09, 9:15AM CDT
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey(R) (PMMS(R)), showing an investor flight to safety for U.S. Treasuries is pushing average fixed mortgage rates lower and helping to keep buyer activity strong toward the close of the spring homebuying season.
CORRECTION - Freddie Mac Announces Standard and Extended Timeline Pool Offerings
Marketwired - Wed Jul 08, 5:44PM CDT
In the news release, "Freddie Mac Announces Standard and Extended Timeline Pool Offerings" issued earlier today by Freddie Mac (OTCQB: FMCC), we are advised by the company that the first paragraph figure [$632.2 million] should be [$624.1 million] and the second paragraph figure [$608.2 million] should be [$600.2 million]. Complete corrected text follows.
Freddie Mac Announces Standard and Extended Timeline Pool Offerings
Marketwired - Wed Jul 08, 10:00AM CDT
Freddie Mac (OTCQB: FMCC) today announced a $632.2 million non-performing loan (NPLs) transaction, an auction of deeply delinquent loans from its mortgage investment portfolio.
Freddie Mac, Fannie Mae and Common Securitization Solutions Create Single Security/CSP Industry Advisory Group
Marketwired - Wed Jul 08, 8:30AM CDT
Freddie Mac (OTCQB: FMCC), Fannie Mae, and Common Securitization Solutions, LLC (CSS) today jointly announced an Industry Advisory Group to provide feedback and share information on efforts to build the Common Securitization Platform (CSP) and implement the Single Security.
Fannie Mae Preferred: When Will The Dividends Return?
The Unhooded Falcon - at Seeking Alpha - Mon Jul 06, 5:16PM CDT
Fairholme: AIG ruling important precedent for Fannie and Freddie
Seeking Alpha - at Seeking Alpha - Mon Jul 06, 10:51AM CDT
RBS to Pay $13 Billion as Settlement in MBS Case? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Jul 06, 10:10AM CDT
According to U.S. regulators, U.K. - based The Royal Bank of Scotland Group plc (RBS) might have to pay a total amount of $13 billion over presenting misleading information in the selling of mortgage-backed securities (MBS).
RBS: 10.73 (+0.26), NMR: 7.01 (+0.10)
Mortgage Rates up Heading Into Holiday Weekend
Marketwired - Thu Jul 02, 9:00AM CDT
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey(R) (PMMS(R)), showing average fixed mortgage rates reaching new 2015 highs heading into the holiday weekend and ahead of the June jobs report.
New York Times Motions For Transparency On Behalf Of Fannie And Freddie
Glen Bradford - at Seeking Alpha - Thu Jul 02, 8:02AM CDT
Wall Street Breakfast: All Eyes On Jobs
Wall Street Breakfast - at Seeking Alpha - Thu Jul 02, 5:32AM CDT
MBI: 6.09 (unch), FDX: 168.46 (+0.75), GE: 26.27 (+0.25), FB: 87.95 (+2.07), M: 66.48 (+0.70), GOOG: 530.13 (+9.45), HPQ: 30.65 (+0.26), UPS: 96.96 (+1.21), MT: 9.16 (+0.26), SPY: 207.48 (+2.58), QQQ: 107.65 (+1.62), EBAY: 62.37 (+0.60), GOOGL: 556.11 (+11.46), LYG: 5.28 (+0.12), XOOM: 25.04 (unch)
Fannie and Freddie chiefs get $3.4M raises
Seeking Alpha - at Seeking Alpha - Wed Jul 01, 11:59AM CDT
Freddie Mac Forgoes Issuing a Reference Notes(R) Security on Its July 1, 2015 Announcement Date
Marketwired - Wed Jul 01, 8:44AM CDT
Freddie Mac (OTCQB: FMCC) announced today that it will forgo issuing a Reference Notes(R) security on its July 1, 2015 announcement date. The company's 2015 Reference Notes calendar designates dates that it may use to announce the issuance of Reference Notes securities.
Blame Excellent Financial Conditions For Fannie And Freddie Conservatorship
Glen Bradford - at Seeking Alpha - Tue Jun 30, 10:09AM CDT
Ugoletti's Testimony Calls Into Question Evidence, Bodes Well For Fannie Mae
Glen Bradford - at Seeking Alpha - Sat Jun 27, 10:08AM CDT
Wells Fargo Goes Even Bigger on Mobile Homes With GE Real Estate Deal
at The Street - Fri Jun 26, 12:32PM CDT
Wells Fargo's purchase of GE commercial real estate loans, which includes financing for manufactured housing communities, marks a bigger move into alternative lending.
GE: 26.27 (+0.25), BX: 39.61 (+0.52), WFC: 56.08 (+0.58)
The Treasury Will Profit From Derivatives And Higher Interest Rates
David Sims - at Seeking Alpha - Fri Jun 26, 10:38AM CDT
TLT: 116.05 (-1.87)
Mortgage Rates Little Changed
Marketwired - Thu Jun 25, 9:00AM CDT
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey(R) (PMMS(R)), showing average fixed mortgage rates little changed from the previous week amid reports of the U.S. housing market strengthening.
New Analysis Shows Fannie Mae Didn't Need A Dime
Glen Bradford - at Seeking Alpha - Thu Jun 25, 6:36AM CDT
Freddie Mac Issues Monthly Volume Summary for May 2015
Marketwired - Wed Jun 24, 3:43PM CDT
Freddie Mac (OTCQB: FMCC) today issued the company's Monthly Volume Summary for May 2015.