|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||1.15 - 1.20|
|52 Week Range||1.12 - 3.02|
|Beta (3Y Monthly)||2.19|
|PE Ratio (TTM)||3.50|
|Earnings Date||Feb 13, 2019 - Feb 18, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.00|
U.S. long-term mortgage rates recorded the biggest drop in nearly four years this week, but remain much higher than they were a year ago. Mortgage giant Freddie Mac said Wednesday that the average rate on the benchmark 30-year, fixed-rate mortgage fell to 4.81 percent this week, down from 4.94 percent a week earlier. The rate on 15-year, fixed-rate loans fell to 4.24 percent from 4.36 percent a week ago.
MCLEAN, Va., Nov. 21, 2018 -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that mortgage rates dropped across.
Moody's Investors Service ("Moody's") has affirmed the servicer quality ("SQ") assessment of SQ2 for Arvest Central Mortgage Company ("CMC") as a primary servicer of prime residential mortgage loans. Moody's assessment is based on the company's above average collection abilities, strong loss mitigation results, above average foreclosure and REO timeline management, above average loan administration and average servicing stability. CMC is a wholly-owned subsidiary of Arvest Bank.
MCLEAN, Va., Nov. 20, 2018 -- Freddie Mac (OTCQB: FMCC) today issued its 2019 funding calendar, which provides optional announcement dates for Reference Notes® securities and.
Freddie Mac (FMCC) today announced its second Agency Credit Insurance Structure (ACIS®) Forward Risk Mitigation (AFRM®) transaction. This transaction transfers up to $400 million of credit risk on a reference pool of single-family loans with a maximum unpaid principal balance of $12 billion. ACIS AFRM is an innovative front-end credit risk transfer offering that allows Freddie Mac to transfer mortgage credit risk simultaneously with the acquisition of loans by securing committed private capital and by providing stable pricing over a pre-determined time horizon.
MCLEAN, Va., Nov. 19, 2018 -- Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are multifamily.
Freddie Mac (FMCC) today announced that its Multifamily line of business has funded an $11 million transaction that will finance 91 affordable single-family rental homes across the Dallas, Fort Worth and Arlington areas of Texas. Working with its Seller/Servicer A10 Capital, the transaction is part of Freddie Mac’s affordable single-family rental pilot, which is sunsetting in 2019. Of the 91 homes in the transaction, 66 percent are affordable to very low-income families earning 50 percent of area median income (AMI) or below, 95 percent are affordable to low-income families earning 80 percent of AMI or below and all of the properties are affordable to families earning AMI or below.
MCLEAN, Va., Nov. 19, 2018 -- Freddie Mac (OTCQB: FMCC) announced today the expansion of its Home Possible® sweat equity parameters to allow borrowers to leverage their.
A June Federal Housing Finance Agency proposal that Fannie and Freddie hold a combined capital buffer of as much as $181 billion would require among the largest stock sales “in history,” the hedge fund manager wrote in a letter to the regulator dated Thursday. Compensating current shareholders for the fact that the Treasury has “extracted more than $237 billion” from Fannie and Freddie since 2013, he said. Fannie and Freddie buy mortgages from lenders, wrap them into securities and make guarantees to investors in case the loans default.
Freddie Mac (FMCC) today announced new enhancements to its GreenCHOICE MortgagesSM energy-efficient offerings, including broader financing options to help families with lower-incomes reduce home utility costs through energy-saving home repairs and improvements. “Older homes tend to be more energy inefficient, which may raise the cost of homeownership and may make them more difficult to maintain,” said Mike Dawson, vice president of Single-Family Affordable Lending Strategy and Policy at Freddie Mac. “GreenCHOICE Mortgages is part of a multiyear initiative to facilitate energy-saving improvements that could help families better sustain homeownership.
Freddie Mac (FMCC) today announced that it priced its second Seasoned Loans Structured Transaction Trust (SLST) offering of 2018 - a securitization of approximately $1.3 billion of both guaranteed senior and non-guaranteed subordinate securities. The SLST program is a key part of Freddie Mac's seasoned loan offerings to reduce less liquid assets in its mortgage-related investments portfolio and shed credit and market risk via economically reasonable transactions. Freddie Mac Seasoned Loans Structured Transaction Trust, Series 2018-2 is expected to issue approximately $1 billion in guaranteed senior certificates and approximately $318 million in non-guaranteed subordinate certificates.
There are no material third quarter updates for Fannie (FNMA) and Freddie (FMCC) regarding housing finance reform or the underlying businesses, which continue to perform well. Warning! GuruFocus has detected 1 Warning Sign with FNMA.
Freddie Mac (FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), backed by floating rate multifamily mortgages with ten-year terms. The approximately $620 million in K Certificates (K-SW4 Certificates) are expected to settle on or about November 27, 2018.
MCLEAN, Va., Nov. 15, 2018 -- Freddie Mac (OTCQB: FMCC) announces the pricing of the SB55 offering, a multifamily mortgage-backed securitization backed by small balance loans.
Interest rates on U.S. 30-year fixed-rate mortgages held steady at a 7-1/2 year high in the latest week as bond yields stabilized on safe-haven demand for Treasuries and weaker oil prices, Freddie Mac ...
MCLEAN, Va., Nov. 15, 2018 -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that mortgage rates moderated after.
Vast Majority of HARP Portfolio Has Significant CRT Coverage MCLEAN, Va., Nov. 15, 2018 -- Freddie Mac (OTCQB: FMCC) today announced the pricing of a $1.3 billion Structured.
Moody's Investors Service has upgraded the ratings of 31 tranches from four Agency Risk Transfer transactions issued in 2016. These four transactions are actual-loss credit risk transfer (CRT) transactions ...
A U.S. federal court on Wednesday rejected a challenge to Treasury Department requirements that government-sponsored mortgage-finance giants Fannie Mae and Freddie Mac return net profits to the federal ...
Moody's Investors Service has assigned provisional ratings to eight classes of CMBS securities (the "REMIC Classes"), issued by FREMF 2018-K84 Mortgage Trust, Multifamily Mortgage Pass-Through ...
Freddie Mac (FMCC) today reminded Single-Family mortgage servicers of its disaster relief policies for borrowers who have been affected by the ongoing California wildfires. Freddie Mac's disaster relief options are available to borrowers whose homes or places of employment are located in presidentially-declared Major Disaster Areas where federal individual assistance programs are made available to affected individuals and households.
MCLEAN, Va., Nov. 13, 2018 -- Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates) backed by fixed-rate mortgages.
WASHINGTON—Split power in Congress means lawmakers are unlikely to overhaul how the government backstops more than half the U.S. mortgage market. In the short term, congressional inaction is likely good news for the housing market as home sales and prices weaken amid rising interest rates. There are limits on what the administration can do with Fannie Mae and Freddie Mac absent legislation.
MCLEAN, Va., Nov. 09, 2018 -- Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are multifamily.
Freddie Mac (FMCC) today announced that it priced its fourth Seasoned Credit Risk Transfer Trust (SCRT) offering of 2018 - a rated securitization of approximately $1.95 billion of both guaranteed senior and unguaranteed subordinate securities. The SCRT securitization program is a key part of Freddie Mac's seasoned loan offerings to reduce less liquid assets in its mortgage-related investments portfolio and shed credit and market risk via economically reasonable transactions. Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-4 is expected to issue approximately $1.80 billion in guaranteed senior certificates and approximately $151 million in unguaranteed mezzanine and subordinate certificates.