Federal Home Loan Mortgage Corporation

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Freddie Mac engages in the provision of housing finance system solutions. It operates through the Single-Family and Multifamily segments. The Single-Family segment is involved in purchase, securitization, and guarantee of single-family loans, investments, and management of single-family mortgage credit risk and market risk. The Multifamily segment focuses on purchase, securitization, and guarantee of multifamily loans, investments, securities, and management of multifamily mortgage credit risk and market risk. The company was founded on July 24, 1970 and is headquartered in McLean, VA.

Federal National Mortgage Association

The fate of Fannie Mae (Pink: FNMA) and Freddie Mac (Pink: FMCC), the government-sponsored enterprises (GSEs) at the heart of federal housing finance policy, remained unresolved at the conclusion of the Trump administration. What Happened: The GSEs buy loans from mortgage lenders and bundle them into securities for sale to investors with a guarantee backed by the federal government.

Why The Fate Of Fannie Mae, Freddie Mac Remains Unclear

MCLEAN, Va., Jan. 28, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released its latest Insight, showing U.S. population in the South and West grew seven times faster than in the Northeast and Midwest between 2017 and 2019. In the South, the population growth is mainly attributed to net migration, while in the West, natural increase (more births than deaths) is the main catalyst. Within the South, Texas, Florida, and Georgia have witnessed the most increases in population. In the West, it's Arizona, Washington, and Nevada.

Freddie Mac Research Shows U.S. Population in the South and West Growing, Particularly in the Suburbs

MCLEAN, Va., Jan. 28, 2021 (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 2.73 percent.

Mortgage Rates Move Down

Freddie Mac Tops 100 Investments Across 25 States and Territories Reflecting Commitment to Rental Affordability Freddie Mac Tops 100 Investments Across 25 States and Territories Reflecting Commitment to Rental Affordability

Freddie Mac Reaches $1.5 Billion in LIHTC Equity Investments Supporting Underserved Communities Across the Country

MCLEAN, Va., Jan. 25, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) projects that overall multifamily origination volume will rebound in 2021, growing to $340 billion by year-end as the economy is boosted by another federal stimulus package. The recovery is supported in part by growth in smaller metropolitan markets, like Phoenix and Tampa, with larger cities expected to recovery more gradually. The overall market is bolstered by sustained demand for multifamily properties as investors take the long-view of rents and vacancies, which although temporarily impacted by the pandemic are expected to rebound in a move toward reestablishing the trends of the past decade, according to the report.

Freddie Mac Multifamily 2021 Outlook Projects Rebound in Origination Volume Boosted by Smaller Markets

MCLEAN, Va., Jan. 22, 2021 (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-123 Certificates), which are expected to settle on or about January 28, 2021.

Freddie Mac Prices $1.2 Billion Multifamily K-Deal, K-123

MCLEAN, Va., Jan. 21, 2021 (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 $1 billion in K Certificates (K-F97 Certificates) are expected to settle on or about January 28, 2021. The K-F97 Certificates are backed by floating-rate multifamily mortgages with 10-year terms.

Freddie Mac Prices $1 Billion Multifamily K-Deal, K-F97

MCLEAN, Va., Jan. 20, 2021 (GLOBE NEWSWIRE) -- Freddie Mac's (OTCQB: FMCC) Multifamily line of business set a new record with $82.5 billion in loan purchase and guarantee volume in 2020. The company also provided $500 million in Low-Income Housing Tax Credit (LIHTC) equity investments, supporting underserved communities across the United States. The $83.0 billion in total production bests the company's prior record of $78.4 billion set in 2019. Overall, the company financed roughly 803,000 rental units, more than 95% of which are affordable to families making 120% of area median income and below.

Freddie Mac's Record $83 Billion Multifamily Volume Helped Support Volatile 2020 Market

Retained earnings alone are insufficient to adequately capitalize the Enterprises. Until the Enterprises can raise private capital, they are at risk of failing in the next housing crisis. Treasury will not be getting any dividends from Fannie and Freddie for 11 years unless they restructure the equity as part of their commitment to facilitate capital raises.

GSE's Net Worth Keep Agreement Means Major Equity Offerings

MCLEAN, Va., Jan. 15, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announces the pricing of the SB82 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 $405 million in SB Certificates (SB82 Certificates), which are expected to settle on or about January 22, 2021. Freddie Mac Small Balance Loans generally range from $1 million to $7.5 million and are generally backed by properties with five or more units. This is the first SB Certificate transaction in 2021.

Freddie Mac Announces Pricing of $405 Million Multifamily Small Balance Loan Securitization

‘Until the Enterprises can raise private capital, they are at risk of failing in the next housing crisis,' Federal Housing Finance Agency Director Mark Calabria said, in announcing the agreement.

Fannie Mae, Freddie Mac can keep future earnings, per agreement between Treasury and regulators

The Federal Housing Finance Agency and the Treasury Department have reached an agreement that will allow Fannie Mae [s:FNMA] and Freddie Mac [s:FMCC] to keep their earnings for the foreseeable future, until they reach the capital targets needed to exit conservatorship. The agreement was solidified through amendments to the preferred stock purchase agreements held by Treasury.

FHFA, Treasury agree to let Fannie Mae and Freddie Mac retain earnings

MCLEAN, Va., Jan. 14, 2021 (GLOBE NEWSWIRE) -- 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 $796 million in K Certificates (K-1519 Certificates), which are expected to settle on or about January 21, 2021.

Freddie Mac Prices $796 million Multifamily K-Deal, K-1519

MCLEAN, Va., Jan. 14, 2021 (GLOBE NEWSWIRE) -- According to Freddie Mac's (OTCQB: FMCC) Quarterly Forecast, the current low mortgage interest rate environment is projected to continue with the 30-year fixed-rate mortgage averaging below three percent through the end of 2021.

Freddie Mac Quarterly Forecast: Housing Market Continues to Perform Strongly Primarily Driven by Historically Low Mortgage Rates

MCLEAN, Va., Jan. 14, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) recently priced a new offering of Multifamily Structured Credit Risk (MSCR) Notes, Series 2021-MN1. The MSCR (pronounced M-SCORE) program is designed to transfer to private investors a portion of the credit risk on eligible multifamily mortgage loans backing certain fully guaranteed securities issued by Freddie Mac, thereby reducing U.S. taxpayers' exposure to mortgage credit risk. The approximately $276 million in M SCR Note s were priced on January 12, 2021.

Freddie Mac Prices First-of-its-Kind $276 Million in Multifamily Structured Credit Risk Notes

MCLEAN, Va., Jan. 13, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) issued $77.8 billion of multifamily securities in 2020. The record-setting figure demonstrates Freddie Mac's continued industry leadership in risk transfer and use of innovative securities to move risk from taxpayers to private investors.

Freddie Mac Multifamily Leads Industry with $77.8 Billion in Multifamily Loans Securitized

MCLEAN, Va., Jan. 08, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today published on its website the National Association of Insurance Commissioners (NAIC) 2020 filing year designations for certain STACR Debt notes and price breakpoints for certain STACR Trust and STACR REMIC Trust notes.

Freddie Mac Announces 2020 Year-End NAIC Designations and Price Breakpoints for STACR Debt, STACR Trust, and STACR REMIC Trust Notes

MCLEAN, Va., Jan. 07, 2021 (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 2.65 percent, the lowest rate in the survey's history which dates back to 1971.

Mortgage Rates Hit a New Record Low the First Week of 2021

MCLEAN, Va., Jan. 06, 2021 (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 $1 billion in K Certificates (K-F96 Certificates) are expected to settle on or about January 14, 2021. The K-F96 Certificates are backed by floating-rate multifamily mortgages with 10-year terms.

Freddie Mac Prices $1 Billion Multifamily K-Deal, K-F96

Fannie and Freddie have been in conservatorship 4,500+ days now, since September 7, 2008. Actual effort was never really put into ending the conservatorships until March 27, 2019 when the White House issued a Memorandum with the top priority of ending the conservatorships.

The Final Countdown To Inauguration For PSPA Amendment

MCLEAN, Va., Dec. 31, 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 2.67 percent.

Mortgage Rates Remain Near Record Low Heading Into 2021

MCLEAN, Va., Dec. 24, 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 2.66 percent, the lowest rate in the survey's history which dates back to 1971.

Mortgage Rates Hit Record Low at Yearend

MCLEAN, Va., Dec. 23, 2020 (GLOBE NEWSWIRE) -- Properties participating in Freddie Mac (OTCQB: FMCC) Multifamily's Green Advantage® program save an average of more than 2.7 million gallons of water and 1.3 million kBtu of energy per year, according to a new white paper. Created in 2016, the program, which includes the Green Up® and Green Up Plus® offerings, provides financing incentives for multifamily borrowers that agree to reduce energy and water consumption.

Freddie Mac Green Program Cuts Multifamily Energy and Water Consumption

MCLEAN, Va., Dec. 23, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) has extended to March 31, 2021 the deadline for requesting a new or supplemental COVID-19 forbearance agreement for its Multifamily loans. The program was previously set to terminate at the end of 2020. The extension provides additional time for multifamily operators experiencing continued hardship as a result of the pandemic to request a new or supplemental forbearance agreement, which includes renter protections such as a moratorium on evictions for non-payment of rent.

Freddie Mac Multifamily to Extend COVID-19 Forbearance Program

MCLEAN, Va., Dec. 22, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today posted to its website its Monthly Volume Summary for November 2020, which provides information on Freddie Mac's mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities, and other investments.

News for Federal Home Loan Mortgage Corporation Stock (FMCC)