Freddie Mac

Mortgage Rates Make Slight Shift

Thursday, July 29, 2021 - 3:00pm

MCLEAN, Va., July 29, 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 2.80 percent.

Key Points: 
  • MCLEAN, Va., July 29, 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 2.80 percent.
  • 30-year fixed-rate mortgage averaged 2.80 percent with an average 0.7 point for the week ending July 29, 2021, up from last week when it averaged 2.78 percent.
  • 15-year fixed-rate mortgage averaged 2.10 percent with an average 0.7 point, down from last week when it averaged 2.12 percent.
  • Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage.

Freddie Mac Reports Second Quarter 2021 Financial Results

Thursday, July 29, 2021 - 1:10pm

MCLEAN, Va., July 29, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today reported its second quarter 2021 financial results and filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission (SEC).

Key Points: 
  • MCLEAN, Va., July 29, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today reported its second quarter 2021 financial results and filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission (SEC).
  • The companys Form 10-Q and press release are available now on its website, www.FreddieMac.com/investors , along with the second quarter 2021 financial results supplement.
  • The company will hold a call at 9 a.m. Eastern Time (ET) today, July 29, 2021, to share its results with the media.
  • Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.

KBRA Releases Research – Freddie Mac K-Series Loan Default and Loss Study

Friday, July 30, 2021 - 5:30pm

Kroll Bond Rating Agency (KBRA) releases a loan default and loss study on the Freddie Mac K-Series.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases a loan default and loss study on the Freddie Mac K-Series.
  • In the report, KBRA reviewed the performance of 17,037 loans from 300 transactions securitized from June 2009 to December 2020.
  • The study population exhibited a cumulative default rate of 0.35% (59 loans).
  • The study examined default rates by its property, loan, and financial characteristics.

Freddie Mac Issues Monthly Volume Summary for June 2021

Monday, July 26, 2021 - 9:33pm

MCLEAN, Va., July 26, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today posted to its website its Monthly Volume Summary for June 2021, which provides information on Freddie Macs mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities, and other investments.

Key Points: 
  • MCLEAN, Va., July 26, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today posted to its website its Monthly Volume Summary for June 2021, 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 Multifamily Midyear Outlook Projects Return to Pre-Pandemic Trends

Monday, July 26, 2021 - 3:46pm

MCLEAN, Va., July 26, 2021 (GLOBE NEWSWIRE) -- With demand for multifamily housing now exceeding pre-pandemic levels, Freddie Mac (OTCQB: FMCC) Multifamilys midyear outlook projects rising rents, falling vacancies and a record-setting origination market in 2021.

Key Points: 
  • MCLEAN, Va., July 26, 2021 (GLOBE NEWSWIRE) -- With demand for multifamily housing now exceeding pre-pandemic levels, Freddie Mac (OTCQB: FMCC) Multifamilys midyear outlook projects rising rents, falling vacancies and a record-setting origination market in 2021.
  • The Multifamily 2021 Midyear Outlook is now available online.
  • Freddie Mac Multifamily is the nation's multifamily housing finance leader.
  • Freddie Mac securitizes about 90% of the multifamily loans it purchases, thus transferring the majority of the expected credit risk from taxpayers to private investors.

Freddie Mac Announces Release Date for Second Quarter 2021 Financial Results

Monday, July 26, 2021 - 5:01pm

MCLEAN, Va., July 26, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB:FMCC) announced today that it plans to report its second quarter 2021 financial results before the U.S. financial markets open on Thursday, July 29, 2021.

Key Points: 
  • MCLEAN, Va., July 26, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB:FMCC) announced today that it plans to report its second quarter 2021 financial results before the U.S. financial markets open on Thursday, July 29, 2021.
  • The company will hold a call at 9 a.m. Eastern Time (ET) on Thursday, July 29, 2021 to share the companys results with the media.
  • The call will be concurrently webcast , and the replay will be available on the companys website for approximately 30 days.
  • Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.

Common Securitization Solutions Names Kelly Isikoff Chief Information Security Officer

Monday, July 26, 2021 - 4:20pm

BETHESDA, Md., July 26, 2021 /PRNewswire/ --Common Securitization Solutions (CSS) announced today that Kelly Isikoff has joined the firm as Chief Information Security Officer (CISO) effective today.

Key Points: 
  • BETHESDA, Md., July 26, 2021 /PRNewswire/ --Common Securitization Solutions (CSS) announced today that Kelly Isikoff has joined the firm as Chief Information Security Officer (CISO) effective today.
  • "CSS is thrilled to welcome Kelly Isikoff to our Technology leadership team," said Susan Gueli, Chief Technology Officer and Executive Vice President.
  • "Kelly brings an impressive blend of deep technical skill, practical business focus, and strong security expertise to CSS."
  • COMMON SECURITIZATION SOLUTIONS, LLC : Common Securitization Solutions (CSS) enables issuance of the largest segment of mortgage-backed securities the Uniform Mortgage-Backed Security by Fannie Mae and Freddie Mac helping support liquidity in the nation's housing finance markets.CSS does this through the Common Securitization Platform, the largest and most advanced securitization operation in the nation, which processes more than$400 billionin mortgage securities each month.

Freddie Mac Prices $357 Million Sustainability Bonds Offering of Guaranteed Tax-Exempt ML Certificates

Friday, July 23, 2021 - 3:07pm

The Class A-US Certificates are senior principal and interest certificates, which are rated as AA+(sf) by S&P Global Ratings and the Class X-US Certificates are interest-only certificates.

Key Points: 
  • The Class A-US Certificates are senior principal and interest certificates, which are rated as AA+(sf) by S&P Global Ratings and the Class X-US Certificates are interest-only certificates.
  • The Class A-US and Class X-US Certificates are guaranteed by Freddie Mac.
  • The ML-11 Trust will also issue Class B-US Certificates, which will not be guaranteed by Freddie Mac.
  • ML Certificates typically feature a wide range of investor options with stable cash flows and structured credit enhancement.

Freddie Mac Prices $232 Million in Multifamily Structured Credit Risk Notes

Friday, July 23, 2021 - 2:00pm

The loans adhere to Freddie Mac's multifamily underwriting, internal fraud prevention and quality control standards.

Key Points: 
  • The loans adhere to Freddie Mac's multifamily underwriting, internal fraud prevention and quality control standards.
  • 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 Names Jerry Mauricio Senior Vice President and Chief Compliance Officer

Thursday, July 22, 2021 - 7:00pm

MCLEAN, Va., July 22, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB:FMCC) today announced that Jerry Mauricio will serve as the companys senior vice president and chief compliance officer (CCO).

Key Points: 
  • MCLEAN, Va., July 22, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB:FMCC) today announced that Jerry Mauricio will serve as the companys senior vice president and chief compliance officer (CCO).
  • Jerrys proven compliance and management expertise in both global and domestic financial services companies makes him an outstanding choice to be Freddie Macs chief compliance officer, said Michael DeVito, CEO of Freddie Mac.
  • As chief compliance officer, Mauricio will oversee and lead Freddie Macs compliance risk management program for the companys regulatory and conservatorship obligations.
  • Prior to joining Freddie Mac, Mauricio served as CCO and senior vice president of Capital One Investing, LLC and Capital One Advisors, LLC.