Freddie Mac

Mortgage Rates Decrease for the First Time Since March

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星期四, 五月 9, 2024
Environment, Freddy, Consumer, FMCC, FRM, Freddie Mac, OTCQB, Housing, Real estate

MCLEAN, Va., May 09, 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 7.09 percent.

Key Points: 
  • MCLEAN, Va., May 09, 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 7.09 percent.
  • “After a five week climb, mortgage rates ticked down following a weaker than expected jobs report,” said Sam Khater, Freddie Mac’s Chief Economist.
  • “An environment where rates continue to hover above seven percent impacts both sellers and buyers.
  • Many potential sellers remain hesitant to list their home and part with lower mortgage rates from years prior, adversely impacting supply and keeping house prices elevated.

Freddie Mac Announces Tender Offer for Any and All of Certain STACR Notes

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星期一, 五月 6, 2024
OTCQB, Settlement date, Trust, Freddie Mac, BofA Securities, FMCC, Note, Security (finance)

MCLEAN, Va., May 06, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that it has commenced a fixed-price cash tender offer (the “Offer”) for the purchase of any and all of the STACR® (Structured Agency Credit Risk) Notes listed in the table below (the “Notes”) beginning Monday, May 6, 2024.

Key Points: 
  • MCLEAN, Va., May 06, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that it has commenced a fixed-price cash tender offer (the “Offer”) for the purchase of any and all of the STACR® (Structured Agency Credit Risk) Notes listed in the table below (the “Notes”) beginning Monday, May 6, 2024.
  • Certain of the classes of Notes subject to the Offer were issued by the STACR Trust identified in the table below (each, a “Trust”).
  • Freddie Mac is the holder of the owner certificate issued by each Trust and, as a result, the sole beneficial owner of each Trust.
  • Freddie Mac is offering to purchase any and all of the Notes listed.

KBRA Assigns Preliminary Ratings to Freddie Mac’s STACR 2024-DNA2

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星期三, 五月 8, 2024
Professional Services, Finance, DTI, LTV, Freddie Mac, REMIC, KBRA, Royal, Documentation, Trust, Note, CLTV, Telescopic sight

KBRA assigns preliminary ratings to 24 classes from Freddie Mac Structured Agency Credit Risk (STACR®) REMIC 2024-DNA2 Notes, Freddie Mac STACR REMIC Trust 2024-DNA2 (STACR 2024-DNA2), a credit risk sharing transaction with a total note offering of $899,000,000.

Key Points: 
  • KBRA assigns preliminary ratings to 24 classes from Freddie Mac Structured Agency Credit Risk (STACR®) REMIC 2024-DNA2 Notes, Freddie Mac STACR REMIC Trust 2024-DNA2 (STACR 2024-DNA2), a credit risk sharing transaction with a total note offering of $899,000,000.
  • STACR 2024-DNA2 features loans with loan-to-value (LTV) ratios greater than 60%, but less than or equal to 80%.
  • The Offered Notes represent obligations of the STACR 2024-DNA2 Trust in a credit-linked note structure governed by a credit protection agreement between the trust and Freddie Mac, with payments subject to the credit and principal payment risks of the STACR 2024-DNA2 Reference Pool.
  • The STACR 2024-DNA2 Reference Pool consists of 96,512 residential mortgage loans with an outstanding principal balance of approximately $32.1 billion as of the cut-off date.

KBRA Releases Research – FHFA Closed-End Seconds: Effect on PLS?

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星期三, 五月 8, 2024
Professional Services, Residential Building & Real Estate, Insurance, Finance, Construction & Property, Banking, HELOC, Federal Housing Finance Agency, FHFA, PLS, RMBS, Agency, CES, Freddie Mac, Comment, Real estate

This report explores the proposal’s potential overlap with the existing second lien PLS market and the effects the program may have on the size and risk profile of the PLS market post-adoption.

Key Points: 
  • This report explores the proposal’s potential overlap with the existing second lien PLS market and the effects the program may have on the size and risk profile of the PLS market post-adoption.
  • Approximately $8.7 billion have been collateralized via second lien 2.0 PLS transactions through Q1 2024, a small but growing portion of the PLS market.
  • Assuming both GSEs were active in CES purchases, nearly 60% of the CES originated and securitized in today’s PLS market might have been eligible for the GSEs’ proposed program.
  • In general, PLS markets have capably absorbed the current flow of second lien securitization volumes, with spreads in line with the remainder of RMBS 2.0.

QUASAR Unveils Comprehensive Rebrand, Partnership with Former WNBA Player, and an Executive Hire

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星期一, 五月 6, 2024
Marketing, FHFA, Investment, Freddie Mac, History, Dawit, Senior, WNBA, ESG, JPMorgan Chase, Asset management, Quality of life

The rebranding initiative encompasses a meticulous redesign of the logo, developing an internal and external brand identity, and a comprehensive overhaul of the company's digital infrastructure.

Key Points: 
  • The rebranding initiative encompasses a meticulous redesign of the logo, developing an internal and external brand identity, and a comprehensive overhaul of the company's digital infrastructure.
  • Moreover, the company upholds a commitment to Environmental, Social, and Governance (ESG) principles, unveiling sustainability initiatives and commitments.
  • QUASAR has partnered with - former WNBA player - Sonia Chase and Chase Your Dreams Academy to help improve the quality of life for at-risk youth.
  • Kenneth Brown, Chief Executive Officer and Chairman of QUASAR, stated, "I established the QUASAR platform in 2008 after a distinguished 15-year career at JP Morgan Chase.

KBRA Releases Monthly CMBS Trend Watch

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星期五, 五月 3, 2024
Professional Services, Finance, CMBS, KBRA, CRE, SBS, Agency, Research, Freddie Mac, Publication

KBRA releases the April 2024 issue of CMBS Trend Watch.

Key Points: 
  • KBRA releases the April 2024 issue of CMBS Trend Watch.
  • U.S. private label CMBS issuance slowed to $6.4 billion in April from $9 billion in March amid widening spreads.
  • There were 11 deals including nine single-borrower (SB) and two conduit deals that priced in April, with year-over-year volume up 213%.
  • In April, KBRA published pre-sales for seven deals ($5.9 billion) including four SB ($3.2 billion), two conduits ($1.8 billion), and one Agency ($866 million).

Freddie Mac Accepts IRS Form 8821 for Tax Transcripts, Enhancing Loan Product Advisor using Halcyon's pioneering solutions

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星期三, 五月 1, 2024
DTS, Housing, BANK, AIM, IRS, PDF, Freddie Mac, Internal Revenue Service, RED, Federal Housing Finance Agency, Cryptocurrency

RED BANK, N.J., May 1, 2024 /PRNewswire/ -- In a strategic update to its Selling Guide, Freddie Mac announces the adoption of IRS Form 8821 as an alternative for obtaining tax transcript for income verification, embracing the pioneering solutions offered by Halcyon.

Key Points: 
  • RED BANK, N.J., May 1, 2024 /PRNewswire/ -- In a strategic update to its Selling Guide, Freddie Mac announces the adoption of IRS Form 8821 as an alternative for obtaining tax transcript for income verification, embracing the pioneering solutions offered by Halcyon.
  • "Based on Seller feedback, we have updated automated income assessment with Loan Product Advisor using tax data, which is part of asset and income modeler, to clarify that Internal Revenue Service (IRS) Form 8821 is an acceptable alternate form in lieu of IRS Form 4506-C.
  • By naming IRS Form 8821 specifically as an acceptable method to obtain tax transcript information for Freddie Mac's Asset and Income Modeler (AIM), both entities underscore their commitment to delivering innovative, affordable mortgage lending solutions.
  • "Our collaboration with Freddie Mac to integrate IRS Form 8821 marks a significant advancement that highlights our dedication to providing accessible, cost-effective solutions in the housing finance sector," says Kirk Donaldson, CEO of Halcyon.

Pinata, the Nation's Only Reward and Credit-Building Program, and Freddie Mac Announce First-of-its-Kind Partnership

Retrieved on: 
星期二, 四月 16, 2024
Partnership, Freddie Mac, Renting

Pinata Will Join Freddie Mac's Multifamily Division as its First Credit Building Rewards Partner, Expanding Opportunities for Renters to Improve their Credit Scores and Get Rewarded Just by Paying Rent on Time

Key Points: 
  • A just-announced partnership with Freddie Mac is set to make this "perk" the rule, not the exception, for millions of Americans.
  • To view an enhanced version of this graphic, please visit:
    As a member of the Freddie Mac credit building initiative, two years of Piñata's program cost are covered for eligible properties backed by Freddie Mac financing.
  • This makes rent reporting for credit-building free for participating property owners and renters while building more financially resilient renters.
  • The partnership with Freddie Mac is poised to dramatically shift what's currently a dire narrative for millions of Americans.

Rates Increase Again and at a Key Moment for the Housing Market

Retrieved on: 
星期四, 五月 2, 2024
Housing, Freddy, Heart, Consumer, FMCC, FRM, Freddie Mac, OTCQB, Real estate

“The 30-year fixed-rate mortgage increased for the fifth consecutive week as we enter the heart of Spring Homebuying Season,” said Sam Khater, Freddie Mac’s Chief Economist.

Key Points: 
  • “The 30-year fixed-rate mortgage increased for the fifth consecutive week as we enter the heart of Spring Homebuying Season,” said Sam Khater, Freddie Mac’s Chief Economist.
  • “On average, more than one-third of home sales for the entire year occur between March and June.
  • With two months left of this historically busy period, potential homebuyers will likely not see relief from rising rates anytime soon.
  • We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles.

Freddie Mac Issues Monthly Volume Summary for March 2024

Retrieved on: 
星期四, 四月 25, 2024
Risk management, Consumer, FMCC, Investment, Freddie Mac, OTCQB, Housing

McLEAN, Va., April 25, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today posted to its website its Monthly Volume Summary for March 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., April 25, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today posted to its website its Monthly Volume Summary for March 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.