Freddie Mac Sells $130 Million of Seriously Delinquent Loans
Marketwired - Thu Jun 02, 1:08PM CDT
MCLEAN, VA--(Marketwired - Jun 2, 2016) - Freddie Mac (OTCQB: FMCC) today announced it sold via auction 487 deeply delinquent non-performing loans (NPLs) serviced by JP Morgan Chase Bank, N.A. from its mortgage investment portfolio on May 31, 2016. The transaction is expected to settle in August 2016 and servicing will be transferred post-settlement. Freddie Mac, through its advisors, began marketing the transaction on May 11, 2016, to potential bidders, including minority and women-owned businesses (MWOBs), non-profits, neighborhood advocacy funds and private investors active in the NPL market.
Mortgage Rates Continue Upward Trend
Marketwire Canada - Thu Jun 02, 9:00AM CDT
MCLEAN, VA--(Marketwired - Jun 2, 2016) - Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates up slightly from last week, but still near three year lows.
VAREP Launches New Financial Literacy Curriculum to Prepare Military Families, Veterans for Financial Stability, Homeownership
GlobeNewswire - Wed Jun 01, 6:35AM CDT
The Veterans Association of Real Estate Professionals (VAREP) today unveiled Military Financial Readiness, a new financial literacy curriculum developed to help service members and veterans become financially fit so they can achieve their financial goals and dreams, including the American dream of homeownership. Military Financial Readiness was developed with support from Freddie Mac (OTCQB:FMCC), one of the nation's largest sources of residential mortgage credit.
Freddie Mac May 2016 Insight
Marketwire Canada - Tue May 31, 10:00AM CDT
How to Worry About House Prices
Freddie Mac Prices $1.3 Billion Multifamily K-Deal Backed by Properties Controlled by Starwood Capital Group
Marketwire Canada - Fri May 27, 8:00AM CDT
MCLEAN, VA--(Marketwired - May 27, 2016) - Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are multifamily mortgage-backed securities. The company expects to issue approximately $1.3 billion in K Certificates (K-SW1 Certificates), which are backed by 25 properties indirectly controlled by Starwood Capital Group. The K-SW1 Certificates are expected to settle on or about June 8, 2016.
Wells Fargo (WFC) Launches Affordable Non-FHA Mortgages
Zacks Equity Research - Zacks Investment Research - Fri May 27, 7:25AM CDT
Wells Fargo & Company (WFC) launched a new affordable mortgage program that allows the customers to make a down payment of just 3% for fixed-rate mortgages.
BAC: 14.42 (-0.52), WFC: 50.19 (-0.92)
Freddie Mac Issues Monthly Volume Summary for April 2016
Marketwired - Thu May 26, 3:30PM CDT
MCLEAN, VA--(Marketwired - May 26, 2016) - Freddie Mac (OTCQB: FMCC) today issued the company's Monthly Volume Summary for April 2016.
Freddie Mac Announces Third NPL Transaction of 2016
Marketwired - Thu May 26, 2:55PM CDT
$783 Million Transaction Features Seven Pools, Including Two Extended Timeline Pools (EXPOs) Targeting Smaller Investors
Freddie Mac Announces Intent to Sell Fifth STACR Offering This Year
Marketwire Canada - Thu May 26, 1:30PM CDT
MCLEAN, VA--(Marketwired - May 26, 2016) - Freddie Mac (OTCQB: FMCC) announces its intent to sell its fifth offering this year of Structured Agency Credit Risk (STACR®) debt notes, pending market conditions. Through the award-winning and innovative STACR program, Freddie Mac transfers a portion of its credit risk on certain single-family loans to private capital market investors.
Mortgage Rates Tick Up on Fed News
Marketwire Canada - Thu May 26, 9:00AM CDT
MCLEAN, VA--(Marketwired - May 26, 2016) - Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates up slightly from 2016 lows.
Freddie Mac Completes First Credit Risk Transaction With 15-Year Mortgages
Marketwired - Wed May 25, 2:28PM CDT
Agency Credit Insurance Structure(R) Policy With a $201 Million Limit