|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||2.7400 - 2.9500|
|52 Week Range||0.9800 - 3.0600|
|Beta (3Y Monthly)||4.38|
|PE Ratio (TTM)||21.44|
|Earnings Date||Jul 29, 2019 - Aug 2, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.00|
Moody's Investors Service (Moody's) has assigned provisional ratings to 24 classes of residential mortgage-backed securities (RMBS) issued by CIM Trust 2019-INV2. CIM Trust 2019-INV2, the second rated transaction sponsored by Chimera Investment Corporation (Chimera or the Sponsor) in 2019, is a prime RMBS securitization of fixed-rate investment property mortgage loans secured by first liens on agency-eligible non-owner occupied residential investor properties with original term to maturity of up to 30 years. All of the loans are underwritten in accordance with Freddie Mac or Fannie Mae guidelines, which take into consideration, among other factors, the income, assets, employment and credit score of the borrower.
The head of the Federal Housing Finance Agency says there may be a payout for common shareholders of Fannie Mae and Freddie Mac.
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 $801 million in K Certificates (K-F62 Certificates) are expected to settle on or about May 31, 2019.
Freddie’s outgoing chief executive officer says that’s easier said than done. Don Layton, who plans to step down July 1, said Tuesday that a capital plan issued a year ago by the companies’ regulator would require the mortgage giants to raise a combined $125 billion, in part by selling shares. To underscore how big a figure that is, Layton noted that the biggest initial public offering ever was Alibaba Group Holding Ltd.’s, in which the online retailer raised $25 billion.
Freddie Mac (FMCC) Multifamily today announced that it has named four vice presidents. Geri Borger Urgo is now vice president, production & sales, overseeing the Southeast and Northeast regions. Michael Case is now vice president, multifamily capital markets, overseeing all multifamily loan pricing functions.
Pershing Square Holdings generated strong performance during the first quarter of 2019 and year-to -date. NAV per share increased 36.9% during the first quarter and by 38.4%1 year-to-date, compared with the S&P 500's year-to-date total return of 13.9%. Warning! GuruFocus has detected 5 Warning Signs with FNMA.
Moody's Investors Service, ("Moody's") has affirmed the ratings on six classes of CMBS securities (the "REMIC Classes"), issued by FREMF 2015-K42 Mortgage Trust (the "REMIC Trust"), and affirmed the ratings on three classes of related Structured Pass-Through Certificates (the "SPC Classes") issued by Freddie Mac Structured Pass-Through Certificates (SPCs), Series K-042 (the "SPC Trust").
Trump, speaking Friday at a conference hosted by the National Association of Realtors, said that the mortgage giants lack competition, that taxpayers remain on the hook for any losses at the companies and that they aren’t being run as well as they could be. The president’s remarks reflect the White House’s determination to release the companies from conservatorship, something lawmakers and policy makers have failed at for years.
U.S. President Donald Trump said on Friday his administration was looking at alternatives to the conservatorship of mortgage giants Fannie Mae and Freddie Mac. "Fannie and Freddie can do a lot better ...
MCLEAN, Va., May 17, 2019 -- Freddie Mac (OTCQB: FMCC) today announced the winners of its Home Possible RISE AwardsSM. The annual program, RISE (Recognizing Individuals.
On Thursday, the Wall Street Journal reported that Craig Phillips, a top deputy to Treasury Secretary Steven Mnuchin, is leaving the federal agency. Phillips was formerly a top executive at BlackRock, Inc. (NYSE: BLK), and was known within the Trump administration as being a liaison between the Treasury and Wall Street.
The departure of Craig Phillips was announced Thursday by the Treasury. As a counselor to Mnuchin, Phillips has taken the lead on domestic financial policy initiatives, including the rule rollback and developing plans for freeing mortgage giants Fannie Mae and Freddie Mac from federal control.
Craig Phillips, a deputy to Treasury Secretary Steven Mnuchin who joined the department to overhaul Fannie Mae and Freddie Mac , is stepping down, he told Treasury staff members Thursday. The news was first reported by the New York Times. Shares of the two government-sponsored enterprises have both more than doubled this year after MarketWatch first broke the news that the Trump administration would likely attempt to reform the companies without Congressional input. In March Mark Calabria, a former aide to Vice President Mike Pence, was confirmed to lead the agency that regulates the two GSEs, and has since signaled he may make good on those plans. "Craig has been critical in establishing a housing policy finance reform framework, and will stay until the completion of the Treasury Housing Reform Plan," a Treasury department spokesperson said in an email.
MCLEAN, Va., May 16, 2019 -- Freddie Mac (OTCQB: FMCC) announces the pricing of the SB62 offering, a multifamily mortgage-backed securitization backed by small balance loans.
MCLEAN, Va., May 16, 2019 -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that fixed-rate mortgages dropped.
According to Freddie Mac’s (FMCC) May Forecast, steady housing market growth is expected due to the positive impact of low mortgage rates, a strong labor market, low unemployment, and modest wage growth. Sam Khater, Freddie Mac’s chief economist, says, “Our outlook for the housing market remains largely unchanged. Most homeowners remain reluctant to increase their mortgage balance, whereas we continue to see balance increases on auto loans, credit cards, and student loans,” added Khater.
Rating Action: Moody's affirms six CMBS REMIC classes of FREMF 2013- K24 and affirms the ratings of three SPC classes of Freddie Mac SPCs, Series K-024. Global Credit Research- 14 May 2019. Approximately ...
Moody's Investors Service ("Moody's") has assigned definitive ratings to five classes of residential mortgage-backed securities (RMBS) issued by Mello Warehouse Securitization Trust 2019-1. The definitive rating on Class C, Class D and Class E is higher than the provisional rating assigned because the actual weighted average coupon of all the notes is lower than the assumed weighted average coupon used for assigning the provisional ratings. Mello Warehouse Securitization Trust 2019-1 is a securitization backed by a revolving warehouse facility sponsored by loanDepot.com, LLC (loanDepot, the repo seller, unrated).
(Bloomberg Opinion) -- Trump administration officials announced last week that if Congress doesn’t come up with a plan to overhaul Fannie Mae and Freddie Mac in the next couple years, they will. Their plan is to simply privatize the two giant mortgage banks. A better one would be to liquidate them.
U.S. equities spent April climbing back to near all-time highs, with the VIX reaching its lowest level since early October 2018. And yet, the most recent dialogue escalation between the U.S. and China ...
MCLEAN, Va., May 14, 2019 -- Freddie Mac (OTCQB: FMCC) today announced it sold via auction 1,789 non-performing residential first lien loans (NPLs) from its mortgage-related.
Congress is likely to resist attempts by US president Donald Trump’s administration to privatise the two companies that guarantee most American mortgages, the most senior Democrat working on the plans has warned. In his role on the banking committee, Mr Brown is working with his Republican counterpart Mike Crapo on a bill to release the two entities from the government.
MCLEAN, Va., May 10, 2019 -- Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are multifamily.
The travails of Fannie and Freddie illustrate eloquently how a public-private partnership can go wrong. For decades, the two operated as privately owned companies, but with a congressional charter to guarantee payments of interest and principal on mortgage loans — guarantees that underpin the traditional 30-year fixed-rate loan, support a global market for U.S. mortgage-backed securities, and make homeownership accessible to millions of Americans. The crucial role that Fannie and Freddie play in housing finance led investors to think the government would always rescue them in an emergency.
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 $899 million in K Certificates (K-F61 Certificates) are expected to settle on or about May 17, 2019.