Federal Home Loan Mortgage Corporation

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Federal Home Loan Mortgage Corp. 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 mortgage giants are stimulating the economy by keeping home loans flowing --- something the private sector didn't do during the 2008 financial crisis.

Outside the Box: Fannie and Freddie are helping American homeowners during the COVID recession — so why reprivatize now?

MCLEAN, Va., Dec. 07, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that its latest offering of Structured Pass-Through Certificates (K Certificates) will include classes of floating rate bonds indexed to the Secured Overnight Financing Rate (SOFR) and backed by underlying mortgages that are also indexed to SOFR. The approximately $991.5 million in K   Certificates (K-F95 Certificates) are expected to price on or about December 8, 2020. The offering is the first of its kind as all past SOFR-based K-Deal floating rate bonds were backed by LIBOR-based underlying mortgages.

Freddie Mac Announces First K-Deal with SOFR Indexed Multifamily Mortgages

Fannie and Freddie's critics seem to incorrectly think that Fannie and Freddie need to raise money and exit conservatorship before inauguration or Biden will nationalize them. Fannie and Freddie's equity will be restructured and then they will be put on the path to eventually exit conservatorship via consent decree which will involve massive capital raises.

A December To Remember: GSE Big Bang PSPA Amendment

MCLEAN, Va., Dec. 04, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are multifamily mortgage-backed securities. Approximately $380 million in K Certificates (K-L06 Certificates) are backed by a single mortgage note secured by 10 multifamily properties. The mortgage has two fixed rate and two floating rate components, each having 10-year terms.

Freddie Mac Prices $380 Million Multifamily K-Deal, K-L06

In an appearance on Capitol Hill this week, Treasury Secretary Steven Mnuchin emphasized that Fannie and Freddie should have ‘appropriate capital' before ending government control.

‘It is just a road that could take several years.' Prospects for a quick privatization of Fannie Mae and Freddie Mac dim following Mnuchin comments

MCLEAN, Va., Dec. 03, 2020 (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 $1.3 billion in K Certificates (K-121 Certificates), which are expected to settle on or about December 10, 2020.

Freddie Mac Prices $1.3 Billion Multifamily K-Deal, K-121

MCLEAN, Va., Dec. 03, 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 2.71 percent, the lowest rate in the survey's history which dates back to 1971.

Mortgage Rates Reach Another Record Low

MCLEAN, Va., Dec. 02, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announced today that it priced its new $3 billion, 0.25% three-year USD Reference Notes® security due on December 4, 2023. The issue, CUSIP number 3137EAFA2, was priced at 99.901 to yield 0.283%, 6.5 basis points more than the yield on three-year U.S. Treasury Notes. The issue will settle on Friday, December 4, 2020.

Freddie Mac Prices New $3 Billion Three-Year Reference Notes Security

MCLEAN, Va., Dec. 02, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB:FMCC) announced today that it plans to issue a new three-year USD Reference Notes® security, CUSIP number 3137EAFA2, due on December 4, 2023. The issue will settle on Friday, December 4, 2020, at benchmark size.

Freddie Mac Announces Issuance of New Three-Year Reference Notes Security

MCLEAN, Va., Dec. 01, 2020 (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 $983 million in K Certificates (K-F94 Certificates) are expected to settle on or about December 10, 2020. The K-F94 Certificates are backed by floating-rate multifamily mortgages with 10-year terms, which are currently LIBOR-based.

Freddie Mac Prices $983 Million Multifamily K-Deal, K-F94

Hilltop Holdings

JPMorgan Chase & Co

Wells Fargo

Freddie Mac's (FMCC) Primary Mortgage Market Survey reveals historical low mortgage rates. These are expected to continue supporting mortgage revenues for banks like Wells Fargo (WFC), JPMorgan (JPM) and Hilltop Holdings (HTH).

Record-Low Mortgage Rates to Keep Supporting Banks in 2021

Fannie Mae and Freddie Mac have seen their valuations climb in the days since the Federal Housing Finance Agency finalized the capital rule for them. Common shares of both government-sponsored enterprises climbed more than 30%, while their preferred shares increased by more than 10%.

Fannie Mae, Freddie Mac Valuation Jumps After Capital Rule Finalized

MCLEAN, Va., Nov. 24, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today posted to its website its Monthly Volume Summary for October 2020, which provides information on Freddie Mac's mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities, and other investments.

Freddie Mac Issues Monthly Volume Summary for October 2020

FHFA, Fannie and Freddie will now turn to how the companies will be able to raise hundreds of billions of dollars needed to meet the new capital requirements. According to Bloomberg, an FHFA official said the agency wants to permanently end the sweep of profits to the Treasury.

Imminent Major GSE Equity Restructuring To Unlock Shareholder Gains

MCLEAN, Va., Nov. 20, 2020 (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 $891 million in K Certificates (K-F93 Certificates) are expected to settle on or about December 3, 2020. The K-F93 Certificates are backed by floating-rate multifamily mortgages with 7-year terms, which are currently LIBOR-based.

Freddie Mac Prices $891 Million Multifamily K-Deal, K-F93

MCLEAN, Va., Nov. 20, 2020 (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 supplemental multifamily mortgages. The company expects to issue approximately $328 million in K Certificates (K-J32 Certificates), which are expected to settle on or about November 30, 2020.

Freddie Mac Prices $328 Million Multifamily K-Deal, K-J32

MCLEAN, Va., Nov. 20, 2020 (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-120 Certificates), which are expected to settle on or about November 24, 2020.

Freddie Mac Prices $1.2 Billion Multifamily K-Deal, K-120

The mortgage giants are among the market's best performers

Here's Why Fannie Mae and Freddie Mac Are Soaring on Friday

MCLEAN, Va., Nov. 19, 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 2.72 percent, the lowest rate in the survey's history which dates back to 1971.

Mortgage Rates Drop, Hitting a Record Low for the Thirteenth Time this Year

LOS ANGELES, Nov. 18, 2020 /PRNewswire/ -- Zest AI, a leader in software for credit underwriting, today announced a partnership with Freddie Mac. Freddie Mac will leverage Zest's machine learning tools to improve its best-in-class credit decisioning models for managing risk. "Zest AI...

Zest AI Joins Forces With Freddie Mac To Help Make Homeownership Possible For More Americans

MCLEAN, Va., Nov. 18, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced pricing of the third Seasoned Loans Structured Transaction Trust (SLST) offering of 2020—a securitization of approximately $637 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned re-performing loans (RPLs). The SLST program is a fundamental part of Freddie Mac's seasoned loan offerings which reduce less-liquid assets in its mortgage-related investments portfolio and shed credit and market risk via economically reasonable transactions.

Freddie Mac Prices Approximately $637 Million SLST Securitization

MCLEAN, Va., Nov. 17, 2020 (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 $961 million in K Certificates (K-F92 Certificates) are expected to settle on or about November 24, 2020. The K-F92 Certificates are backed by floating-rate multifamily mortgages with 10-year terms, which are currently LIBOR-based.

Freddie Mac Prices $961 Million Multifamily K-Deal, K-F92

MCLEAN, Va., Nov. 17, 2020 (GLOBE NEWSWIRE) -- According to Freddie Mac's (OTCQB: FMCC) latest Insight, without forbearance, many households may have defaulted or been forced to sell their homes during the COVID-19 pandemic. These forced sales could have depressed the housing market, leading to further defaults.

Freddie Mac Research Shows that Forbearance Has Helped Mitigate the Damage to Homeowners During the Pandemic

MCLEAN, Va., Nov. 13, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announces the pricing of the SB80 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 $363 million in SB Certificates (SB80 Certificates), which are expected to settle on or about November 20, 2020. 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 eleventh SB Certificate transaction in 2020.

Freddie Mac Announces Pricing of $363 Million Multifamily Small Balance Loan Securitization

MCLEAN, Va., Nov. 13, 2020 (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 7-year terms. The company expects to issue approximately $1.1 billion in K-740 Certificates, which are expected to settle on or about November 20, 2020.

News for Federal Home Loan Mortgage Corporation Stock (FMCC)