Mortgage Rates Tumble on Weak Jobs Report
Marketwired - Thu Oct 08, 9:01AM CDT
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey(R) (PMMS(R)), showing average fixed mortgage rates following Treasury yields lower following a more than disappointing September jobs report. This continues to keep average rates below four percent for the 11th consecutive week, including the 15-year fixed falling below 3 percent once again for the first time since April of this year.
UPDATE - Statement on New Representation and Warranties Remedy Framework From Donna Corley, Freddie Mac SVP- Single Family Credit Risk Officer
Marketwired - Wed Oct 07, 3:25PM CDT
The following statement was released today by Donna Corley, Senior Vice President - Division Chief Risk Office of the Single Family Division at Freddie Mac (OTCQB: FMCC):
Statement on New Representation and Warranties Remedy Framework From Donna Corley, Freddie Mac SVP- Single Family Credit Risk Officer
Marketwired - Wed Oct 07, 3:00PM CDT
The following statement was released today by Donna Corley, Senior Vice President - Division Chief Risk Office of the Single Family Division at Freddie Mac (OTCQB: FMCC):
Freddie Mac Prices Multifamily Floating Rate K-Deal, K-F10
Marketwired - Wed Oct 07, 12:52PM CDT
Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), backed exclusively by floating rate multifamily mortgages with five- and seven-year terms. The approximately $1.3 billion in K Certificates (K-F10 Certificates) are expected to settle on or about October 23, 2015. This is the company's 20th K Certificates offering this year.
Fourth Freddie Mac Guaranteed Multifamily Small Balance Loan Securitization Prices
Marketwired - Tue Oct 06, 12:21PM CDT
Freddie Mac (OTCQB: FMCC) announces the pricing of the SB4 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 guarantee more than $172 million in SB4 Certificates, which are anticipated to settle on or about October 14, 2015.
Freddie Mac Announces Disaster Relief for Eligible Borrowers in South Carolina
Marketwired - Tue Oct 06, 9:57AM CDT
Freddie Mac's (OTCQB: FMCC) full menu of disaster relief policies is now available to homeowners whose homes were damaged or destroyed by the powerful storms that swept through South Carolina. Freddie Mac's disaster relief policies are available to borrowers with homes in presidentially declared Major Disaster Areas where federal Individual Assistance programs are being made available to affected individuals and households. Freddie Mac is one of the nation's largest investors in residential mortgages.
Freddie Mac Prices Multifamily Third Seniors Housing Securities Offering
Marketwired - Tue Oct 06, 9:11AM CDT
Freddie Mac (OTCQB: FMCC) Multifamily today priced an offering of Structured Pass-Through Certificates (K Certificates) backed exclusively by fixed-rate multifamily mortgages with seven- and ten-year terms on seniors housing properties. The company offered approximately $841 million in K Certificates (K-S03 Certificates) that are expected to settle on or about October 15, 2015. This is Freddie Mac's third K Certificate offering backed exclusively by seniors housing collateral.
Freddie Mac Forecasts Multifamily Market to Remain Strong for Several More Years
Marketwired - Tue Oct 06, 7:52AM CDT
The Multifamily rental market continues its 5-year streak of robust growth that began just after the Great Recession ended and is expected to remain strong for several more years, based on the Freddie Mac (OTCQB: FMCC) Multifamily Outlook released today. A video preview along with the complete Outlook is available here.
As Housing Heals, Are Mortgage Stocks A Good Bet?
at Investor's Business Daily - Fri Oct 02, 2:48PM CDT
A weak jobs report Friday at least briefly blurred views of a U.S. economic recovery that had appeared to be staging slow yet steady gains. But interest rates and inflation remain low. That points to better days ahead for real estate, a sector which...
HF: 36.88 (-0.41), BKFS: 32.49 (-0.04), RDN: 16.73 (-0.07), OCN: 7.95 (+0.03), TREE: 96.37 (+0.37), ESNT: 25.75 (-0.22), CLGX: 39.06 (-0.05), NMIH: 7.52 (+0.01)
New Home Sales at 7-Year High -- Here's One Stock That's Benefitting in a Big Way
at The Street - Fri Oct 02, 8:13AM CDT
This small homebuilder is helping big dreams come true for investors.
DHI: 30.65 (unch), LEN: 51.33 (+0.26), LGIH: 32.33 (+0.77)
Mortgage Rates Largely Unchanged
Marketwired - Thu Oct 01, 9:00AM CDT
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey(R) (PMM(R)), showing average fixed mortgage rates largely unchanged despite ongoing global growth concerns putting downward pressure on Treasury yields.
Freddie Mac September 2015 Insight & Outlook
Marketwired - Wed Sep 30, 12:01PM CDT
Freddie Mac (OTCQB: FMCC) released today its monthly Insight & Outlook for September looking at the challenges faced by three types of student loan borrowers, and how loan down payment mortgage loans could help, or not help, make homeownership possible. A video preview, along with the complete monthly Insight & Outlook commentary is available here.
Freddie Mac Forgoes Issuing a Reference Notes(R) Security on Its September 29, 2015 Announcement Date
Marketwired - Tue Sep 29, 8:33AM CDT
Freddie Mac (OTCQB: FMCC) announced today that it will forgo issuing a Reference Notes(R) security on its September 29, 2015 announcement date. The company's 2015 Reference Notes calendar designates dates that it may use to announce the issuance of Reference Notes securities.
Freddie Mac Continues to Reduce Credit Risk With a New ACIS Insurance Policy for a Combined $132.5 Million Limit
Marketwired - Mon Sep 28, 10:40AM CDT
Freddie Mac (OTCQB: FMCC) announced today that it has obtained another actual loss insurance policy under its successful Agency Credit Insurance Structure (ACIS(R)) program, which is tied to a Structured Agency Credit Risk (STACR(R)) actual loss deal. Through ACIS, Freddie Mac obtains insurance policies that transfer to insurance and reinsurance companies around the globe, a portion of the credit risk associated with its STACR debt note reference pools.
Freddie Mac Issues Monthly Volume Summary for August 2015
Marketwired - Thu Sep 24, 4:04PM CDT
Freddie Mac (OTCQB: FMCC) today issued the company's Monthly Volume Summary for August 2015.
Freddie Mac Prices First STACR Actual Loss Offering With High LTV Collateral
Marketwired - Thu Sep 24, 2:37PM CDT
Freddie Mac (OTCQB: FMCC) today priced its first Structured Agency Credit Risk (STACR(R)) debt notes transaction selling its first actual loss offering of loans with original loan-to-value (LTV) ratios ranging from 80 to 95 percent. This offering signifies the award-winning program's full transition to actual loss, and is the company's sixth STACR offering this year and 15th since the program began in 2013. In addition, Moody's recently upgraded two previous STACR transactions.
Mortgage Rates Move Lower
Marketwired - Thu Sep 24, 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 declining following the Federal Reserve's decision to defer a hike in the Federal funds rate.
U.S. Housing Markets Continue to Stabilize
Marketwired - Wed Sep 23, 9:19AM CDT
Freddie Mac (OTCQB: FMCC) today released its updated Multi-Indicator Market Index(R) (MiMi(R)) showing the U.S. housing market continuing to slowly stabilize with one additional state, Rhode Island, and four additional metro areas entering their outer range of stable housing activity: Philadelphia and Harrisburg, Pennsylvania; Phoenix, Arizona; and Albany, New York.
Mortgage Rates Calm Ahead of Federal Reserve Decision
Marketwired - Thu Sep 17, 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 largely unchanged ahead of the Federal Open Market Committee's vote on an interest-rate increase for the first time in more than nine years.
Why the 2016 Candidates Are Ignoring Fannie and Freddie: It's Complicated
at The Street - Wed Sep 16, 4:02PM CDT
Fannie Mae and Freddie Mac took a lot of blame for the housing bust, and free-market purists aren't pleased they still exist. But most politicians don't want to discuss them.