|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||7.81 - 9.56|
|52 Week Range||6.25 - 17.61|
|Beta (5Y Monthly)||2.50|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jun 12, 2008|
|1y Target Est||N/A|
Moody's Investors Service, ("Moody's") has been advised that the size of the issuance for Station Place Securitization Trust 2021-WL1 (the transaction) has increased from $400,000,000 to $600,000,000 since Moody's initially assigned provisional ratings to 6 classes of residential mortgage-backed securities (RMBS) issued by the transaction on January 13, 2021. The securities in this transaction are backed by a revolving pool of newly originated first-lien, fixed rate and adjustable rate, residential mortgage loans which are eligible for purchase by Fannie Mae, Freddie Mac and Ginnie Mae ("the agencies"). The pool may include FHA streamline mortgage loans or VA Interest Rate Reduction Refinancing Loan (IRRR) which may have limited valuation and documentation, by no more than 15% of the balance.
MCLEAN, Va., Jan. 15, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announces the pricing of the SB82 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 issue approximately $405 million in SB Certificates (SB82 Certificates), which are expected to settle on or about January 22, 2021. Freddie Mac Small Balance Loans generally range from $1 million to $7.5 million and are generally backed by properties with five or more units. This is the first SB Certificate transaction in 2021. SB82 Pricing ClassPrincipal/Notional Amount (mm)Weighted Average Life (Years)Spread (bps)CouponYieldDollar PriceA-5H$89.6594.05120.6700%0.5368%100.4904A-7F$55.3205.46150.8600%0.7604%100.4800A-7H$95.0125.37250.9500%0.8478%100.4793A-10F$165.1397.20271.1800%1.0996%100.4904X-1$405.1294.301,7501.1364%17.8928%7.8755 Details: Co-Lead Managers and Joint Bookrunners: Wells Fargo Securities, LLC and J.P. Morgan Securities LLCCo-Managers: Multi-Bank Securities, Inc., Piper Sandler & Co., Stifel, Nicolaus & Company, Incorporated and Truist Securities, Inc.SB82 Certificates Offering CircularSmall Balance Securitization Investor Presentation PDF Freddie Mac is guaranteeing four senior principal and interest classes and one interest only class of securities issued by the FRESB 2021-SB82 Mortgage Trust. Freddie Mac is also acting as mortgage loan seller and master servicer to the trust. In addition to the four classes of securities guaranteed by Freddie Mac, the trust will issue certificates consisting of Class B and Class R Certificates, which will not be guaranteed by Freddie Mac and will be sold to private investors. The Optigo® Small Balance Loan (SBL) origination initiative was first announced in October 2014, and expands the company’s continuing effort to better serve less populated markets and provide additional liquidity to smaller apartment properties. Freddie Mac has a specialty network of Optigo Seller/Servicers and Optigo SBL lenders with extensive experience in this market who source loans across the country. This announcement is not an offer to sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac’s Annual Report on Form 10-K for the year ended December 31, 2019, filed with the Securities and Exchange Commission (SEC) on February 13, 2020; all other reports Freddie Mac filed with the SEC pursuant to Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act) since December 31, 2019, excluding any information "furnished" to the SEC on Form 8-K; and all documents that Freddie Mac files with the SEC pursuant to Sections 13(a), 13(c) or 14 of the Exchange Act, excluding any information “furnished” to the SEC on Form 8-K. Freddie Mac’s press releases sometimes contain forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, some of which are beyond the company’s control. Management’s expectations for the company’s future necessarily involve a number of assumptions, judgments and estimates, and various factors could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements. These assumptions, judgments, estimates and factors are discussed in the company’s Annual Report on Form 10-K for the year ended December 31, 2019, and its reports on Form 10-Q and Form 8-K, which are available on the Investor Relations page of the company’s Web site at www.FreddieMac.com/investors and the SEC’s website at www.sec.gov. The company undertakes no obligation to update forward-looking statements it makes to reflect events or circumstances occurring after the date of this press release. The multifamily investors section of the company’s Web site at https://mf.freddiemac.com/investors/ will also be updated, from time to time, with any information on material developments or other events that may be important to investors, and we encourage investors to access this website on a regular basis for such updated information. The financial and other information contained in the documents that may be accessed on this page speaks only as of the date of those documents. The information could be out of date and no longer accurate. Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents. Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we’ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders, and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac’s blog FreddieMac.com/blog. MEDIA CONTACT: Michael Morosi703-918-5851Michael_Morosi@FreddieMac.comINVESTOR CONTACTS: Robert Koontz571-382-4082Amanda Nunnink312-407-7510
‘Until the Enterprises can raise private capital, they are at risk of failing in the next housing crisis,’ Federal Housing Finance Agency Director Mark Calabria said, in announcing the agreement.