|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||3.2900 - 3.3800|
|52 Week Range||0.9800 - 4.0400|
|Beta (3Y Monthly)||2.80|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 29, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.50|
MCLEAN, Va., Oct. 16, 2019 -- Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates) that are backed by underlying.
Moody's Investors Service ("Moody's") has assigned provisional ratings to five classes of residential mortgage-backed securities (RMBS) issued by Mello Warehouse Securitization Trust 2019-2. Mello Warehouse Securitization Trust 2019-2 is a securitization backed by a revolving warehouse facility sponsored by loanDepot.com, LLC (loanDepot, the repo seller, unrated).
MCLEAN, Va., Oct. 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 $16,000,000 Escambia County Housing Finance Authority, Single Family Mortgage Revenue Bonds (Multi-County Program), 2019 Series B (Non-AMT) and Aaa to the proposed $6,791,000 2019 Series C (Federally Taxable Pass-Through).
A British tobacco company, Dutch paint company, California-based dermatological company, and Maryland-based regional bank were among the securities that experienced the largest trading volume increases ...
Moody's Investors Service ("Moody's") has assigned provisional ratings to 33 classes of residential mortgage-backed securities (RMBS) issued by J.P. Morgan Mortgage Trust (JPMMT) 2019-LTV3. The certificates are backed by 675 30-year, fully-amortizing fixed-rate mortgage loans with a total balance of $426,992,185 as of the October 1st cut-off date.
While the decline in rates has prompted many home owners to refinance their loans, it may not be enough to create a major uptick in home-buying activity
Mortgage rates were on the slide, according to Freddie Mac, with a combination of lower rates and a strong labor market supporting mortgage applications.
While the decline in rates has prompted many home owners to refinance their loans, it may not be enough to create a major uptick in home-buying activity.
MCLEAN, Va., Oct. 10, 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 the rating of Aa2 to the proposed $87.3 million of New York State Housing Finance Agency (the "Agency" or "NYS HFA") Affordable Housing Revenue Bonds, 2019 Series N (Climate Bond Certified/Sustainability Bonds) and $13.62 million of Affordable Housing Revenue Bonds, 2019 Series O (Sustainability Bonds) (Collectively, the "Bonds"). Moody's also maintains a Aa2 rating on all outstanding parity debt issued under the Agency's General Resolution adopted on August 2007 (the "Resolution").
MCLEAN, Va., Oct. 10, 2019 -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage.
Freddie Mac (FMCC) Multifamily today unveiled a new mapping tool to help lenders identify investment opportunities in underserved markets throughout the country. The mapping tool, which is part of Freddie Mac’s Duty to Serve Plan, synchronizes data from multiple sources to help investors better understand opportunities for creating and preserving affordable housing in hard-to-serve markets. “Our new Duty to Serve Mapping Tool will help lenders and investors better understand and support underserved markets,” said Corey Aber, director of Multifamily Community Mission and Impact Finance at Freddie Mac.
MCLEAN, Va., Oct. 09, 2019 -- Freddie Mac (OTCQB: FMCC) announced today an approximate $400 million non-performing loan (NPL) transaction, which is an auction of seasoned.
Moody's Investors Service (Moody's) has affirmed the servicer quality (SQ) assessments for PennyMac Loan Services, LLC (PennyMac) at SQ2- as a primary servicer of prime residential mortgage loans and SQ3+ as a special servicer. The prime and special servicer assessments are based on the company's above average collection abilities, above average loss mitigation results and above average foreclosure and REO timeline management. Both SQ assessments are based on average loan administration abilities and servicing stability.
Freddie Mac (FMCC) today announced that David Lowman has informed the company that he will be stepping down from his position as executive vice president of the Single-Family business on or about November 1, 2019. The company announced that Donna Corley, senior vice president and Single-Family chief risk officer, will be named interim head of Single-Family.
The number of homes for sale nationwide fell 2.5% from last year, according to a Realtor.com study released Tuesday. The drop in inventory was prompted by low mortgage rates and has led to fast-paced sales and higher home prices.
MCLEAN, Va., Oct. 04, 2019 -- Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are backed by underlying.
Economists argue that low rates will continue to prop up the housing market as the economy slows down, but it’s not clear how long that will last.
Freddie Mac (FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates) backed by floating-rate multifamily mortgages with seven-year terms. The approximately $715 million in K Certificates (K-F68 Certificates) are expected to settle on or about October 11, 2019.
Freddie Mac (FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.65 percent, a slight increase from last week. “While mortgage rates generally held steady this week, overall mortgage demand remained very strong, rising over fifty percent from a year ago thanks to increases in both refinance and purchase mortgage applications,” said Sam Khater, Freddie Mac's Chief Economist.
(Bloomberg Opinion) -- Climate change poses risks to real estate that homebuyers may not be able to predict. As sea level rises, coastal properties, for example, may be subject to increased flooding and intensifying storm surges. First-time homebuyers often lack the expertise to evaluate these new risks, and thus tend to underestimate them and overpay for increasingly exposed properties.Unfortunately, the risks they accept are not borne by themselves alone. Rather, our research has found, it is shared by mortgage lenders and, through the operations of Freddie Mac and Fannie Mae, American taxpayers.Consider how most home purchases are arranged with long-term mortgages. While the conditions vary, a buyer of a $400,000 home may arrange a 5% fixed-rate, 30-year mortgage on $320,000, and agree to pay it back by making 360 monthly payments of about $1,700. If the lender holds this loan on its balance sheet, and climate change creates new expenses — from flooding, storms or wildfires — the borrower becomes more likely to default on the loan.Consider that lenders originate an estimated $60-100 billion in mortgages on coastal properties, and it’s clear the potential aggregate impact of default due to climate change is significant.Lenders can lower their risk, however, by exercising their option to sell loans to Fannie Mae and Freddie Mac, the government-sponsored enterprises that were created by Congress to improve access to mortgage lending. Fannie and Freddie have an important public mission, but lenders’ ability to sell them mortgages means that the risk of climate-related real estate expenses is easily relayed from homebuyers to taxpayers.To gain some insight into the scope of this problem, we examined what happened in mortgage markets after 15 “billion-dollar” disasters, including Hurricanes Katrina ($119 billion) and Sandy ($73 billion). We found that natural disasters significantly raise the number of delinquencies, defaults and foreclosures. This is probably a consequence of the decline in flood insurance: When fewer homes are insured, less of the damage from storm surges and the like is repaired. Fewer homes are rebuilt. And many more homeowners default on their loans.These mortgage defaults and payment delinquencies affect both lenders and Fannie Mae and Freddie Mac. In areas where natural disasters hit, we found, bank lenders transfer substantially more mortgages to the government-supported enterprises. And this increase is largest in neighborhoods where floods are “new news” — that is, where flooding has only recently become a regular occurrence. Indeed, lenders quickly learn where not to hold loans in their portfolios.The existing rules of the mortgage-lending game actually maximize this risk to taxpayers, as Fannie and Freddie’s guarantee becomes a substitute for flood insurance. Simple reforms could discourage lenders from leaning so hard on the government-supported enterprises to absorb climate risks. The securitization fees (also called guarantee fees) that Fannie Mae and Freddie Mac charge lenders to take on their loans should be higher for properties at relatively high risk of flooding. And the fee structure should be designed to shift along with changes in risk and improvements in forecasting, as new climate-change scenarios materialize.At the same time, when homebuyers neglect to buy the insurance that’s federally mandated in flood hazard areas, Fannie Mae and Freddie Mac should exercise their existing authority to transfer losses back to the lenders.To make sure federal mortgage-market regulators have an accurate picture of flood risks, they should encourage the private-sector data-science industry to compete to provide the best possible forecasting algorithms. If mortgage lenders can steadily improve their understanding of climate risks, they can increasingly work those risks into their loan calculations, by asking for larger down payments and charging higher interest rates to borrowers buying vulnerable houses.The risks of climate change keep growing, and homebuyers may never develop the expertise required to recognize them. But mortgage lenders have a responsibility to see what’s ahead. They should ensure that their customers know what they’re getting into, and that taxpayers are not unwittingly exposed.To contact the authors of this story: Matthew E. Kahn at email@example.comAmine Ouazad at firstname.lastname@example.orgTo contact the editor responsible for this story: Mary Duenwald at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Matthew E. Kahn is a Bloomberg Distinguished Professor of economics and business and the director of the 21st Century Cities Initiative at Johns Hopkins University.Amine Ouazad is an associate professor in the Department of Applied Economics at HEC Montreal.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened On this day 11 years ago, U.S. President George W. Bush signed the $700 billion Troubled ...
Moody's Investors Service (Moody's) has assigned provisional ratings to 23 classes of residential mortgage-backed securities (RMBS) issued by RCKT Mortgage Trust 2019-1 (RCKT 2019-1). RCKT Mortgage Trust 2019-1 (RCKT 2019-1) is a securitization of prime jumbo and agency-eligible mortgage loans originated and serviced by Quicken Loans Inc. (Quicken Loans, rated long-term senior unsecured Ba1).