|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||2.6000 - 2.6500|
|52 Week Range||0.9800 - 3.0600|
|Beta (3Y Monthly)||3.83|
|PE Ratio (TTM)||2.30|
|Earnings Date||Apr 29, 2019 - May 3, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.00|
FBN’s Charlie Gasparino on how the U.S. Senate Banking Committee voted to advance President Trump’s pick, Mark Calabria, to oversee Fannie Mae and Freddie Mac.
MCLEAN, Va., March 15, 2019 -- Freddie Mac (OTCQB: FMCC) announces the pricing of the SB60 offering, a multifamily mortgage-backed securitization backed by small balance loans.
MCLEAN, Va., March 15, 2019 -- Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are multifamily.
Moody's Investors Service has assigned Aaa to the proposed $15,000,000 Escambia County Housing Finance Authority, Single Family Mortgage Revenue Bonds (Multi-County Program), Series 2019A (Non-AMT). The rating is based on the highest credit quality of mortgage-backed securities (MBS) provided through the Government National Mortgage Association (GNMA), a strong legal structure, and cash flow projections that exhibit sufficient revenues to pay timely debt service.
Long-term U.S. mortgage rates fell this week, with the benchmark 30-year home loan reaching its lowest level in over a year, according to mortgage buyer Freddie Mac.
Interest rates on U.S. fixed-rate mortgages declined to 13-month lows in step with lower bond yields due to worries about a slowing economy, solid investor demand for debt supply and Brexit, Freddie Mac said on Thursday. Thirty-year mortgage rates averaged 4.31 percent in the week ended March 14, which was the lowest level since 4.22 percent in the week of Feb. 1, 2018. This was below the 4.41 percent the week before, the mortgage finance agency said.
MCLEAN, Va., March 14, 2019 -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage.
Moody's Investors Service has upgraded the ratings of 29 tranches from 3 Agency Risk Transfer transactions issued from 2015 to 2017. Structured Agency Credit Risk (STACR) Debt Notes, Series 2015-DNA1, Structured Agency Credit Risk (STACR) Debt Notes, Series 2016-DNA2 and Structured Agency Credit Risk (STACR) Debt Notes, Series 2017-HQA1 are actual-loss credit risk transfer (CRT) transactions.
Rating Action: Moody's assigns definitive ratings to eight CMBS REMIC classes of FREMF 2019- K88 and five SPC classes of Freddie Mac SPCs, Series K-088. Global Credit Research- 12 Mar 2019. Approximately ...
MCLEAN, Va., March 11, 2019 -- Freddie Mac (OTCQB: FMCC) announced today that, based on the recent update to the Securities Industry and Financial Markets Association’s (SIFMA).
Private investors are directly buying a small but growing share of loans that have long been the domain of Fannie Mae and Freddie Mac, a sign of the changing dynamics in the $11 trillion mortgage industry. More mortgages that meet the standards for Fannie and Freddie to buy are instead flowing into the private market, where banks and other financial institutions pool them into bonds and sell them to investors without government backing. Firms that have recently issued these so-called private-label securities with a significant amount of such loans in them—some up to 100%—include Chimera Investment Corp. and Redwood Trust Inc., both real-estate investment trusts, as well as JPMorgan Chase & Co. and Flagstar Bancorp Inc.
As we highlighted last month, preferred shares of Fannie Mae and Freddie Mac experienced dramatic increases in dollar trading volume to start 2019. That was not the case in February however, as dollar ...
Futu Holdings Ltd. , a Hong Kong-based online brokerage that is backed by Chinese internet giant Tencent Holdings Ltd. , priced its initial public offering late Thursday at $12 a share, the high end of its $10 to $12 price range. The company sold 7.5 million American Depositary Shares to raise $90 million. Each ADS is equal to eight class A common shares. The stock will start trading later Friday on the Nasdaq, under the ticker symbol "FHL."
The world’s second-largest bond market moved a step closer to its much-anticipated overhaul on Thursday when Wall Street firms voted to support a single mortgage-backed bond for Fannie Mae and Freddie Mac. The vote by Wall Street’s largest trade group, the Securities Industry and Financial Markets Association, is the final hurdle for the proposed new security—which is expected to launch in June as part of a revamp to the $5 trillion market in bonds guaranteed by the mortgage-finance firms.
Freddie Mac (FMCC) today announced pricing of the first Seasoned Credit Risk Transfer Trust (“SCRT”) offering of 2019—a rated securitization of approximately $2.1 billion including both guaranteed senior and unguaranteed subordinate securities backed by a pool of seasoned re-performing loans (“RPLs”). The SCRT securitization program is a fundamental part of Freddie Mac's seasoned loan offerings which reduce less liquid assets in its mortgage-related investments portfolio and sheds credit and market risk via economically reasonable transactions. Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-1 includes approximately $1.9 billion in guaranteed senior certificates and approximately $194 million in unguaranteed mezzanine and subordinate certificates.
MCLEAN, Va., March 07, 2019 -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that mortgage rates rose after weeks.
Moody's Investors Service (Moody's) affirmed Wells Fargo Bank, N.A.'s (Wells Fargo Home Lending , WFHL) conventional, conforming residential mortgage originator assessment as Strong. Headquartered in Des Moines, IA, Wells Fargo Home Lending (WFHL) is one of the largest residential mortgage originators in the U.S. Mortgage originations is a core component of Wells Fargo & Company's diversified range of financial services.
Freddie Mac (FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates) backed by floating-rate multifamily mortgages with 10-year terms. The approximately $837 million in K Certificates (K-F59 Certificates) are expected to settle on or about March 15, 2019.
Freddie Mac announced today that its asset and income modeler (AIM), is now available for self-employed borrowers through Loan Product Advisor®, the company’s automated underwriting system (AUS). With proprietary technology provided by LoanBeam, AIM for self-employed simplifies underwriting of this borrower segment by automating the lenders’ income calculation process and speeding up the mortgage application process while maintaining strong credit underwriting standards. “There are millions of self-employed workers in the United States and that number is only expected to grow,” said Andy Higginbotham, senior vice president and chief operating officer, Single-Family, Freddie Mac.
Freddie Mac is providing financing for a portfolio of more than 300 rental homes under a now-defunct pilot program intended to help address the shortage of homes for middle-class families. The nearly $26 million deal with Freddie allows the company to obtain fixed-rate financing in a rising rate environment. The two-year-old company also provides credit counseling to residents and incentives such as a $100 gift card if they improve their credit score by 25 points or a 10% rental reduction if they get their score over 700 points.
Moody's Investors Service has assigned a rating of Aa2 to the proposed approximately $125 million of New York State Housing Finance Agency (the "Agency" or "NYS HFA") Affordable Housing Revenue Bonds, 2019 Series D (Climate Bond Certified/Green Bonds), and to the proposed approximately $77 million of Affordable Housing Revenue Bonds, 2019 Series E (the "2019 Series D and E Bonds"). Moody's also maintains a Aa2 rating with a stable outlook on all outstanding parity debt issued under the Agency's General Resolution adopted on August 2007 (the "Resolution").
MCLEAN, Va., March 05, 2019 -- Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are multifamily.
Freddie Mac (FMCC) announced today it has closed a Low-Income Housing Tax Credit (LIHTC) Fund with National Equity Fund (NEF) and initiated three investments within the fund. The LIHTC program is responsible for financing the vast majority of affordable rental housing across the United States.