Freddie Mac

Freddie Mac Sells $104 Million in Non-Performing Loans

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星期二, 四月 9, 2024
Minority, EXPO, SPO, Sale, Freddy, FMCC, OTCQB, Freddie Mac, NPL

MCLEAN, Va., April 09, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced it sold via auction 679 deeply delinquent non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio.

Key Points: 
  • MCLEAN, Va., April 09, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced it sold via auction 679 deeply delinquent non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio.
  • The loans, with a balance of approximately $104 million, are currently serviced by Specialized Loan Servicing LLC and NewRez LLC, d/b/a Shellpoint Mortgage Servicing.
  • The sale is part of Freddie Mac’s Standard Pool Offerings (SPO®).
  • For the SPO® offering, the loans were offered as one pool of mortgage loans.

Mortgage Rates Continue to Show Little Movement

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星期四, 四月 4, 2024
Consumer, Freddy, FRM, OTCQB, Freddie Mac, Housing, Movement, FMCC, Real estate

MCLEAN, Va., April 04, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.82 percent.

Key Points: 
  • MCLEAN, Va., April 04, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.82 percent.
  • "Mortgage rates showed little movement again this week, hovering around 6.8 percent,” said Sam Khater, Freddie Mac’s Chief Economist.
  • “Since the start of 2024, the 30-year fixed-rate mortgage has not reached seven percent but has not dropped below 6.6 percent either.
  • While incoming economic signals indicate lower rates of inflation, we do not expect rates will decrease meaningfully in the near-term.

Colin Grayson Joins Greystone as a Managing Director, Lending

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星期一, 四月 1, 2024
CBRE, Business administration, University, Senior, Freddie Mac, HUD, Fannie Mae

NEW YORK, April 01, 2024 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, announced that Colin Grayson has joined the firm as a Managing Director for its lending business platforms.

Key Points: 
  • NEW YORK, April 01, 2024 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, announced that Colin Grayson has joined the firm as a Managing Director for its lending business platforms.
  • Prior to joining Greystone, Mr. Grayson was a Vice President, Multifamily Originations at Lument for eight years.
  • Mr. Grayson also held positions in the commercial real estate industry at Legacy Partners Residential Development, Inc., and at CBRE.
  • “Colin’s a critical new addition to our Agency lending team, bringing over a decade of expertise and relationships to Greystone,” said Mr. Mejia.

Mortgage Rates Drop Slightly

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星期四, 三月 28, 2024
Consumer, Freddy, FRM, OTCQB, Freddie Mac, Housing, FMCC, Real estate

MCLEAN, Va., March 28, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.79 percent.

Key Points: 
  • MCLEAN, Va., March 28, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.79 percent.
  • “Mortgage rates moved slightly lower this week, providing a bit more room in the budgets of some prospective homebuyers,” said Sam Khater, Freddie Mac’s Chief Economist.
  • “We also are seeing encouraging data on existing home sales, which reflects improving inventory.
  • Regardless, rates remain elevated near seven percent as markets watch for signs of cooling inflation, hoping that rates will come down further.”
    The 30-year FRM averaged 6.79 percent as of March 28, 2024, down from last week when it averaged 6.87 percent.

Freddie Mac Issues Monthly Volume Summary for February 2024

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星期一, 三月 25, 2024
Consumer, OTCQB, Freddie Mac, Risk management, Housing, Investment, FMCC

MCLEAN, Va., March 25, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today posted to its website its Monthly Volume Summary for February 2024, which provides information on Freddie Mac’s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments.

Key Points: 
  • MCLEAN, Va., March 25, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today posted to its website its Monthly Volume Summary for February 2024, which provides information on Freddie Mac’s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments.
  • Freddie Mac’s mission is to make home possible for families across the nation.
  • We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles.
  • Since 1970, we have helped tens of millions of families buy, rent or keep their home.

Mortgage Rates Increase, Nearing Seven Percent

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星期四, 三月 21, 2024
Federal Reserve, Consumer, Freddy, Federal, FRM, OTCQB, Freddie Mac, Housing, FMCC, Real estate

MCLEAN, Va., March 21, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.87 percent.

Key Points: 
  • MCLEAN, Va., March 21, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.87 percent.
  • “After decreasing for a couple of weeks, mortgage rates are once again on the upswing,” said Sam Khater, Freddie Mac’s Chief Economist.
  • “As the spring homebuying season gets underway, existing home inventory has increased slightly and new home construction has picked up.
  • The 15-year FRM averaged 6.21 percent, up from last week when it averaged 6.16 percent.

Existing-Home Sales Vaulted 9.5% in February, Largest Monthly Increase In A Year

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星期四, 三月 21, 2024
National Association, Freddie Mac, Housing, NAR, Total, Cryptocurrency

Existing-home sales surged 9.5% in February to a seasonally adjusted annual rate of 4.38 million, the largest monthly increase since February 2023.

Key Points: 
  • Existing-home sales surged 9.5% in February to a seasonally adjusted annual rate of 4.38 million, the largest monthly increase since February 2023.
  • The median existing-home sales price elevated 5.7% from February 2023 to $384,500 – the eighth consecutive month of year-over-year price gains.
  • Among the four major U.S. regions, sales jumped in the West, South and Midwest, and were unchanged in the Northeast.
  • Distressed sales[5] – foreclosures and short sales – represented 3% of sales in February, virtually unchanged from last month and the previous year.

Home sales inch higher while inventory drops yet again in February

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星期四, 三月 21, 2024
National Association, Statistics, Ethics, Freddie Mac, Sale, Property management

Inventory of homes dropped 16.8 percent from 28,170 homes available in February 2023 to just 23,448 units last month.

Key Points: 
  • Inventory of homes dropped 16.8 percent from 28,170 homes available in February 2023 to just 23,448 units last month.
  • This marks the lowest number of homes for sale since statistics have been kept in New York State.
  • This also marks the 12th consecutive month inventory has dropped in year-over-year comparisons.
  • Closed sales inched up 0.6 percent from 6,195 homes in February 2023 to 6,233 units in February 2024 while pending sales rose from 7,511 homes in 2023 to 7,864 sales last month.

Enact Releases 2023 Environmental, Social, and Governance (ESG) Report

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星期三, 三月 20, 2024
ACT, Failure, Communication, ESG, Security (finance), Risk, Federal Housing Administration, U.N, TCFD, Annual report, Calendar, Freddie Mac, Fannie Mae, Task force

RALEIGH, N.C., March 20, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today announced the release of its 2023 Environmental, Social, and Governance (ESG) Report covering the calendar year 2023.

Key Points: 
  • RALEIGH, N.C., March 20, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today announced the release of its 2023 Environmental, Social, and Governance (ESG) Report covering the calendar year 2023.
  • This report builds upon Enact’s inaugural ESG report published in 2023, for the calendar year 2022, by providing additional insight into Enact’s approach to ESG matters and highlighting progress across our ESG priorities, along with new insights that provide additional transparency into Enact’s ESG journey.
  • The new insights include additional disclosures relating to the Taskforce on Climate-related Financial Disclosures (TCFD) and the United Nations Sustainable Development Goals (U.N. SDGs) frameworks.
  • “On behalf of everyone at Enact, I am pleased to share the next installment in our efforts to build a more inclusive and sustainable future for our customers, employees, investors and communities,” said Rohit Gupta, President and CEO of Enact.

Freddie Mac and ICE Collaborate to Help Lenders Improve Loan Quality

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星期二, 三月 19, 2024
Automation, Employment, Risk, Sale, Overalls, ICE, Intercontinental Exchange, Risk assessment, Housing, Collection, OTCQB, Freddie Mac, Real estate

LAS VEGAS, March 19, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) and Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced they’re working together to bring greater loan quality to the mortgage origination process so lenders can effectively serve more borrowers while reducing risk.

Key Points: 
  • LAS VEGAS, March 19, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) and Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced they’re working together to bring greater loan quality to the mortgage origination process so lenders can effectively serve more borrowers while reducing risk.
  • The collaboration will leverage both companies’ automation technologies and solutions to help lenders quickly and efficiently underwrite mortgage loans starting at the point of sale.
  • “We’re joining forces with ICE to combine our organizations’ unique strengths to help more lenders deliver higher quality mortgages in this challenging market,” said Kevin Kauffman, Freddie Mac Single-Family Senior Vice President of Seller Engagement.
  • We’re proud to collaborate with Freddie Mac on the critical matter of improving loan quality to streamline the housing finance market and help minimize related repurchases.”
    Over the last two years, Freddie Mac has announced automated capabilities that allow lenders to use asset and employment data to verify a borrower's assets, income and employment, as well as consider cash flow and rent payment history in the risk assessment.