Federal takeover of Fannie Mae and Freddie Mac

KBRA Assigns Preliminary Ratings to FREMF 2023-K753 and Freddie Mac Structured Pass-Through Certificate Series K-753

Retrieved on: 
Monday, October 30, 2023
Professional Services, Residential Building & Real Estate, Finance, Construction & Property, Asset Management, Banking, NCF, KBRA, Freddie Mac, SPCS, Probability, Federal takeover of Fannie Mae and Freddie Mac, CMBS, Bank, Telescopic sight

KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2023-K753 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates (SPCs), Series K-753.

Key Points: 
  • KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2023-K753 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates (SPCs), Series K-753.
  • FREMF 2023-K753 is a $964.3 million CMBS multi-borrower transaction.
  • Freddie Mac will guarantee six classes of certificates issued in the underlying Series 2023-K753 securitization and will deposit the guaranteed underlying certificates into a separate trust that will issue the SPCs.
  • The underlying transaction is collateralized by 32 fixed-rate multifamily mortgage loans.

KBRA Assigns Preliminary Ratings to FREMF 2023-K160 and Freddie Mac Structured Pass-Through Certificate Series K-160

Retrieved on: 
Monday, October 16, 2023
Professional Services, Finance, Freddie Mac, Probability, Federal takeover of Fannie Mae and Freddie Mac, KBRA, SPCS, NCF, CMBS, Telescopic sight

KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2023-K160 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates (SPCs), Series K-160.

Key Points: 
  • KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2023-K160 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates (SPCs), Series K-160.
  • FREMF 2023-K160 is a $1.3 billion CMBS multi-borrower transaction.
  • Freddie Mac will guarantee six classes of certificates issued in the underlying Series 2023-K160 securitization and will deposit the guaranteed underlying certificates into a separate trust that will issue the SPCs.
  • The underlying transaction is collateralized by 62 fixed-rate multifamily mortgage loans.

KBRA Assigns Preliminary Ratings to FREMF 2023-K159 and Freddie Mac Structured Pass-Through Certificate Series K-159

Retrieved on: 
Tuesday, September 5, 2023
Insurance, Professional Services, Probability, KBRA, SPCS, Federal takeover of Fannie Mae and Freddie Mac, Series, Freddie Mac, CMBS, NCF, Telescopic sight, Evoke

KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2023-K159 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates (SPCs), Series K-159.

Key Points: 
  • KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2023-K159 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates (SPCs), Series K-159.
  • Freddie Mac will guarantee six classes of certificates issued in the underlying Series 2023-K159 securitization and will deposit the guaranteed underlying certificates into a separate trust that will issue the SPCs.
  • The underlying transaction is collateralized by 41 fixed-rate multifamily mortgage loans.
  • The assets are located in 17 states, with the three largest concentrations in Texas (20.9%), Florida (18.9%), and Missouri (10.3%).

Freddie Mac Reminds Homeowners Affected by Hurricane Idalia of Mortgage Relief Options

Retrieved on: 
Friday, September 1, 2023
Freddie Mac, Employment, Federal takeover of Fannie Mae and Freddie Mac, OTCQB, Safety, FMCC, Freddy, Reinsurance, Insurance, Real estate, Life insurance

MCLEAN, Va., Sept. 01, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today is reminding homeowners and mortgage servicers of its relief options for those affected by Hurricane Idalia.

Key Points: 
  • MCLEAN, Va., Sept. 01, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today is reminding homeowners and mortgage servicers of its relief options for those affected by Hurricane Idalia.
  • Freddie Mac’s forbearance program provides homeowners mortgage relief for up to 12 months without incurring late fees or penalties.
  • We want homeowners to know that our mortgage relief options are here to help support their recovery once they are out of harm’s way.”
    Freddie Mac's disaster relief options are available to homeowners who have been impacted by an eligible disaster.
  • Freddie Mac also reminds servicers that its disaster relief options are available to affected homeowners outside the declared disaster areas if their home incurs a disaster-related insured loss that impacts their ability to make their mortgage payment.

KBRA Assigns Ratings to FREMF 2023-K752 and Freddie Mac Structured Pass-Through Certificate Series K-752

Retrieved on: 
Thursday, August 24, 2023
Banking, Professional Services, Finance, Probability, KBRA, SPCS, Federal takeover of Fannie Mae and Freddie Mac, Series, Freddie Mac, CMBS, NCF, Telescopic sight

KBRA is pleased to announce the assignment of ratings to four classes of FREMF Series 2023-K752 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates (SPCs), Series K-752.

Key Points: 
  • KBRA is pleased to announce the assignment of ratings to four classes of FREMF Series 2023-K752 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates (SPCs), Series K-752.
  • FREMF 2023-K752 is a $947.8 million CMBS multi-borrower transaction.
  • Freddie Mac will guarantee six classes of certificates issued in the underlying Series 2023-K752 securitization and will deposit the guaranteed underlying certificates into a separate trust that will issue the SPCs.
  • The underlying transaction is collateralized by 32 fixed-rate multifamily mortgage loans.

KBRA Assigns Preliminary Ratings to FREMF 2023-K752 and Freddie Mac Structured Pass-Through Certificate Series K-752

Retrieved on: 
Monday, August 14, 2023
Banking, Professional Services, Insurance, Finance, Probability, KBRA, SPCS, Federal takeover of Fannie Mae and Freddie Mac, Series, Freddie Mac, CMBS, NCF, Telescopic sight

KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2023-K752 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates (SPCs), Series K-752.

Key Points: 
  • KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2023-K752 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates (SPCs), Series K-752.
  • FREMF 2023-K752 is a $947.8 million CMBS multi-borrower transaction.
  • Freddie Mac will guarantee six classes of certificates issued in the underlying Series 2023-K752 securitization and will deposit the guaranteed underlying certificates into a separate trust that will issue the SPCs.
  • The underlying transaction is collateralized by 32 fixed-rate multifamily mortgage loans.

Freddie Mac Single-Family Credit Risk Transfer Program Marks 10 Years

Retrieved on: 
Wednesday, August 2, 2023
Transfer, FMCC, OTCQB, Federal takeover of Fannie Mae and Freddie Mac, Risk, Freddie Mac, ACIS, CRT, Bank

MCLEAN, Va., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Freddie Mac's (OTCQB: FMCC) Single-Family Credit Risk Transfer (CRT) program recently marked 10 years of innovation in credit risk management.

Key Points: 
  • MCLEAN, Va., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Freddie Mac's (OTCQB: FMCC) Single-Family Credit Risk Transfer (CRT) program recently marked 10 years of innovation in credit risk management.
  • Freddie Mac launched its first-ever Single-Family CRT offering, STACR® (Structured Agency Credit Risk) 2013-DN1 on July 23, 2013, with $500 million of notes across two classes.
  • Since then, Freddie Mac has cumulatively transferred approximately $108.1 billion of credit risk on more than $3.3 trillion of mortgages through more than 180 STACR and ACIS Transactions.
  • “The first STACR and ACIS transactions in 2013 did more than help Freddie Mac manage its credit risk.

KBRA Assigns Preliminary Ratings to FREMF 2023-K157 and Freddie Mac Structured Pass-Through Certificate Series K-157

Retrieved on: 
Tuesday, June 20, 2023
Banking, Professional Services, Finance, Probability, Lost Lake, Vista, KBRA, SPCS, Oak Forest, Illinois, Federal takeover of Fannie Mae and Freddie Mac, Freddie Mac, CMBS, NCF, Telescopic sight, Beacon

KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2023-K157 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates (SPCs), Series K-157.

Key Points: 
  • KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2023-K157 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates (SPCs), Series K-157.
  • FREMF 2023-K157 is a $1.1 billion CMBS multi-borrower transaction.
  • Freddie Mac will guarantee six classes of certificates issued in the underlying Series 2023-K157 securitization and will deposit the guaranteed underlying certificates into a separate trust that will issue the SPCs.
  • The underlying transaction is collateralized by 39 fixed-rate multifamily mortgage loans.

Freddie Mac Multifamily Impact Bonds Surpass $15 Billion Mark

Retrieved on: 
Thursday, April 20, 2023
Environmental finance, Green, Lincoln Memorial, Concentrated poverty, Social impact bond, Housing, Capital market, FMCC, Sustainability Bonds, Consumer, Disability, Green bond, Poverty, OTCQB, Veteran, Freddy, Person, TruAmerica Multifamily, Federal takeover of Fannie Mae and Freddie Mac, Water, AMI, Freddie Mac, Social, Annual report, Social mobility, Renewable energy, Insurance, Social Bonding and Nurture Kinship

MCLEAN, Va., April 20, 2023 (GLOBE NEWSWIRE) -- The Freddie Mac (OTCQB: FMCC) Multifamily released its annual Impact Bonds Report detailing the company’s successful efforts to issue more than $15 billion in Green, Social and Sustainability Bonds since 2019.

Key Points: 
  • MCLEAN, Va., April 20, 2023 (GLOBE NEWSWIRE) -- The Freddie Mac (OTCQB: FMCC) Multifamily released its annual Impact Bonds Report detailing the company’s successful efforts to issue more than $15 billion in Green, Social and Sustainability Bonds since 2019.
  • The annual report showcases how Freddie Mac’s Impact Bonds continue to support multifamily properties that address persistent housing challenges, particularly environmental and social issues, and provide additional transparency to investors.
  • “Transparency is a foundational component to our Impact Bonds program,” said Robert Koontz, the head of Capital Markets for Freddie Mac Multifamily.
  • $5 billion in Green Bonds since 2019: Green Bonds are backed by Multifamily loans that incentivize energy- and water-efficiency improvements at workforce housing properties.

KBRA Assigns Preliminary Ratings to FREMF 2023-K155 and Freddie Mac Structured Pass-Through Certificate Series K-155

Retrieved on: 
Monday, April 17, 2023
Professional Services, Finance, Probability, KBRA, SPCS, Federal takeover of Fannie Mae and Freddie Mac, Freddie Mac, CMBS, NCF, Telescopic sight, Beacon

KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2023-K155 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates (SPCs), Series K-155.

Key Points: 
  • KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2023-K155 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates (SPCs), Series K-155.
  • FREMF 2023-K155 is a $1.16 billion CMBS multi-borrower transaction.
  • Freddie Mac will guarantee six classes of certificates issued in the underlying Series 2023-K155 securitization and will deposit the guaranteed underlying certificates into a separate trust that will issue the SPCs.
  • The underlying transaction is collateralized by 37 fixed-rate multifamily mortgage loans.