Freddie Mac

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

Tuesday, December 1, 2020 - 7:59pm

Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities.

Key Points: 
  • Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities.
  • This announcement is not an offer to sell any Freddie Mac securities.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.
  • Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.

FI Consulting and QFlow Systems Partner to Bring Integration of Redesigned URLA Processing Into Program Investment Manager (PIM)

Tuesday, December 1, 2020 - 5:32pm

Fannie Mae and Freddie Mac redesigned the URLA (Fannie Mae Form 1003) based on the Mortgage Industry Standards Maintenance Organization (MISMO) v3.4 data specification.

Key Points: 
  • Fannie Mae and Freddie Mac redesigned the URLA (Fannie Mae Form 1003) based on the Mortgage Industry Standards Maintenance Organization (MISMO) v3.4 data specification.
  • "Agencies have been struggling to integrate the new URLA into their existing loan origination and underwriting systems in advance of the implementation deadlines.
  • Our partnership provides this integration for our Program Investment Manager customers," said Robert Silverman, Managing Director of FI Consulting's Platform Application business.
  • "This integration is an example of our continued commitment to Program Investment Manager as the only COTS software product built specifically for federal credit programs."

Fannie Mae Releases October 2020 Monthly Summary

Monday, November 30, 2020 - 9:05pm

WASHINGTON, Nov. 30, 2020 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) October 2020 Monthly Summary is now available.

Key Points: 
  • WASHINGTON, Nov. 30, 2020 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) October 2020 Monthly Summary is now available.
  • The monthly summary report contains information about Fannie Mae's monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, serious delinquency rates, and loan modifications.
  • Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans.
  • We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk.

KBRA Assigns Preliminary Ratings to FREMF 2020-K121 and Freddie Mac Structured Pass-Through Certificate Series K-121

Monday, November 30, 2020 - 2:56pm

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2020-K121 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates (SPCs), Series K-121.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2020-K121 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates (SPCs), Series K-121.
  • Freddie Mac will guarantee six classes of certificates issued in the underlying Series 2020-K121 securitization and will deposit the guaranteed underlying certificates into a separate trust that will issue the SPCs.
  • The largest exposure is represented by Artisan At Main Street Metro (6.7%), a 404-unit, garden-style multifamily complex located in Corona, California.
  • The assets are located in 22 states, with three largest concentrations in California (21.2%), Texas (17.8%), and New York (8.5%).

California REALTORS® applaud FHFA for raising Fannie Mae and Freddie Mac conforming loan limits

Tuesday, November 24, 2020 - 11:43pm

today issued the following statement in response to the Federal Housing Finance Agency's (FHFA) announcement to increase the 2021 conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac to $548,250 on one-unit properties and a cap of $822,375 in high-cost areas.

Key Points: 
  • today issued the following statement in response to the Federal Housing Finance Agency's (FHFA) announcement to increase the 2021 conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac to $548,250 on one-unit properties and a cap of $822,375 in high-cost areas.
  • "Increasing the existing Fannie Mae and Freddie Mac conforming loan limits will greatly benefit higher-priced areas of the state and provide stability and certainty to the housing market."
  • and the NATIONAL ASSOCIATION OF REALTORS (NAR) both have long advocated for making higher conforming loan limits permanent.
  • The conforming loan limit determines the maximum size of a mortgage that government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac can buy or "guarantee."

Freddie Mac Issues Monthly Volume Summary for October 2020

Tuesday, November 24, 2020 - 9:32pm

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 Macs mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities, and other investments.

Key Points: 
  • 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 Macs mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities, and other investments.
  • Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.
  • Since our creation by Congress in 1970, weve made housing more accessible and affordable for homebuyers and renters in communities nationwide.
  • Learn more at FreddieMac.com , Twitter @ FreddieMac , and Freddie Macs blog FreddieMac.com/blog .

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

Friday, November 20, 2020 - 9:30pm

Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities.

Key Points: 
  • Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities.
  • This announcement is not an offer to sell any Freddie Mac securities.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.
  • Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.

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

Friday, November 20, 2020 - 8:59pm

The K-J32 Certificates are backed by corresponding classes issued by the FREMF 2020-KJ32 Mortgage Trust (KJ32 Trust) and guaranteed by Freddie Mac.

Key Points: 
  • The K-J32 Certificates are backed by corresponding classes issued by the FREMF 2020-KJ32 Mortgage Trust (KJ32 Trust) and guaranteed by Freddie Mac.
  • Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities.
  • This announcement is not an offer to sell any Freddie Mac securities.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.

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

Friday, November 20, 2020 - 8:00pm

The K-120 Certificates are backed by corresponding classes issued by the FREMF 2020-K120 Mortgage Trust (K120 Trust) and guaranteed by Freddie Mac.

Key Points: 
  • The K-120 Certificates are backed by corresponding classes issued by the FREMF 2020-K120 Mortgage Trust (K120 Trust) and guaranteed by Freddie Mac.
  • Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.
  • Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.

Greystone Provides $20.65 Million in Freddie Mac Financing for Sanford, FL Multifamily Duo

Thursday, November 19, 2020 - 3:13pm

Aqua Link, a 140-unit property, which received a 10-year, variable-rate, $12,115,000 Freddie Mac mortgage.

Key Points: 
  • Aqua Link, a 140-unit property, which received a 10-year, variable-rate, $12,115,000 Freddie Mac mortgage.
  • Stoneridge, a 120-unit property, which received a 10-year, variable-rate, $8,541,000 Freddie Mac mortgage.
  • Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors.
  • Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates.