|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||2.3800 - 2.8500|
|52 Week Range||0.9800 - 2.8500|
|Beta (3Y Monthly)||1.72|
|PE Ratio (TTM)||7.58|
|Earnings Date||Feb 13, 2019 - Feb 18, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.00|
“We do not expect the plan will be released until after the Trump administration’s nominee to be the permanent director of FHFA, Mark Calabria, is confirmed by the Senate, which we do not expect to happen until March.
Freddie Mac (FMCC) announced today it has closed a Low-Income Housing Tax Credit (LIHTC) Fund with RBC Capital Markets’ Tax Credit Equity Group (RBCCM) and initiated several investments within the fund. The LIHTC program is responsible for financing the vast majority of affordable rental housing across the United States.
The acting director of the Federal Housing Finance Agency has told the agency’s employees that the regulator will announce a plan within weeks to take the government-sponsored enterprises out of conservatorship.
Joseph Otting, acting director of the Federal Housing Finance Agency, commented on the administration’s plans at an internal gathering to introduce himself to staff and establish open lines of communication, an FHFA spokesperson said in a statement. Otting mentioned, as he previously has, that the Treasury Department and the White House are expected to release a broad plan for housing that will include details about reform and will likely include a recommendation for ending Fannie and Freddie conservatorships, the FHFA spokesperson said.
Shares in Fannie Mae gained 33.9 per cent to $2.41, while those in Freddie Mac jumped 30.4 per cent to $2.36 after Joseph Otting made his comments to staff at the Federal Housing Finance Agency, which were first reported by MarketWatch. The FHFA said Mr Otting told staff that his agency would work with the White House and the Treasury to remove the companies from conservatorship, which gave the FHFA control over the management of Fannie and Freddie.
MCLEAN, Va., Jan. 17, 2019 -- Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are multifamily.
MCLEAN, Va., Jan. 17, 2019 -- Freddie Mac (OTCQB: FMCC) today announced the multifamily lenders who transacted the most financing volume with the company in 2018. In addition,.
Long-term U.S. mortgage rates held steady this week, after falling for six straight weeks to reach their lowest levels in nine months, according to mortgage buyer Freddie Mac.
MCLEAN, Va., Jan. 17, 2019 -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that rates remained flat after.
Freddie Mac’s (FMCC) Multifamily line of business today announced it has set a new record with $77.5 billion in loan purchase and guarantee volume for 2018, and $500 million in Low-Income Housing Tax Credit (LIHTC) equity investments. Overall, the company financed more than 860,000 rental units, more than 90 percent of which are considered affordable to low- and moderate-income families making 120 percent of area median income (AMI) and below. “We’re extremely proud of our efforts to meet our affordability mission and our continued leadership of the multifamily industry in both purchase volume and securitization,” said Debby Jenkins, executive vice president and head of Freddie Mac Multifamily.
Freddie Mac announced today that its flagship Home Possible® mortgage origination program has exceeded $50 billion in home mortgages that were provided to 262,328 families across the United States. Home Possible assists low- to moderate-income homebuyers by offering a three-percent down payment solution from a variety of funding sources to families that meet or exceed a rigorous assessment process. “Home Possible is transforming the way we serve the growing number of lower-income borrowers who want to own a home,” said Danny Gardner, Senior Vice President, Affordable Lending and Access to Credit at Freddie Mac.
NEW YORK, NY / ACCESSWIRE / January 15, 2019 / Wall Street extended losses on Monday as concerns of a global economic slowdown were reignited on weaker-than-expected economic data from China. In December, ...
MCLEAN, Va., Jan. 14, 2019 -- Freddie Mac (OTCQB: FMCC) today announced that Executive Vice President Ricardo A. Anzaldua has been appointed general counsel and corporate.
If you're Len Kiefer, the company's deputy chief economist and this week's guest on Masters in Business, you turn to social media. Kiefer's posts are packed with charts and analysis focused primarily on credit and housing. He is a big fan of data visualizations -- he has come up with different ways to present publicly available data, creating graphs and visualizations that provide fresh insights into the housing sector. You can find many of his data visualizations at Tableu and on Twitter.
Moody's Investors Service has assigned Aaa to the proposed $48,910,000 Indiana Housing & Community Development Authority's (IHCDA) Single Family Mortgage Revenue Bonds, 2019 Series A. At this time, we are also maintaining the Aaa ratings on all outstanding parity Single Family Mortgage Revenue Bonds. The Aaa rating is based on the program's strong financial position, high quality Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC) mortgage backed securities (MBS), a sound legal structure, cash flow projections that exhibit sufficient revenues to pay timely debt service under various stressful scenarios and satisfactory management. The bonds are special obligations of IHCDA and are secured by GNMA, FNMA, and FHLMC MBS, reserves and other assets pledged under the MRB resolution.
MCLEAN, Va., Jan. 14, 2019 -- The Freddie Mac (OTCQB: FMCC) Multifamily 2019 Outlook finds that healthy performance in the multifamily market will continue into 2019. The.
Mortgage rates fell again in the latest week, hitting their lowest point in the past nine months for both 15- and 30-year products, a move that could propel more activity in the U.S. housing market. The average rate for a 30-year fixed mortgage declined to 4.45% for the week ended Thursday, compared with 4.51% a week earlier, according to mortgage-finance company Freddie Mac. The average rate was up from 3.99% a year earlier.
Moody's Investors Service has assigned a rating of Aa2 to the proposed approximately $73.4 million of New York State Housing Finance Agency (the "Agency" or "NYS HFA") Affordable Housing Revenue Bonds (AHRB), 2019 Series A Refunding Bonds (Variable Rate) (Federally Taxable), and Affordable Housing Revenue Bonds, 2019 Series B Refunding Bonds (Variable Rate) (Federally Taxable) (the "2019 Series A and B Bonds"). Moody's has also assigned a VMIG 1 rating and a bank bond rating of Aa3 to each of the 2019 Series A and 2019 Series B Bonds.
Freddie Mac (FMCC) announces the pricing of the SB58 offering, a multifamily mortgage-backed securitization backed by small balance loans underwritten by Freddie Mac and issued by a third-party trust. The company expects to guarantee approximately $560 million in Multifamily SB Certificates (SB58 Certificates), which are anticipated to settle on or about January 22, 2019. Freddie Mac Small Balance Loans generally range from $1 million to $6 million and are backed by properties with five or more units.
MCLEAN, Va., Jan. 10, 2019 -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing rates dropped significantly across.
MCLEAN, Va., Jan. 09, 2019 -- Freddie Mac (OTCQB: FMCC) announced today that it has obtained two new insurance policies under its Agency Credit Insurance Structure (ACIS®).
MCLEAN, Va., Jan. 09, 2019 -- Freddie Mac (OTCQB: FMCC) today announced that its Structured Agency Credit Risk (STACR®) debt notes have received top designations by the.
A new proposal from the Milken Institute lays out steps that the Treasury Department and the regulator of Fannie Mae and Freddie Mac can take to overhaul the entire housing finance system, to leave the hard decisions to Congress.