FMCKJ - Freddie Mac

Other OTC - Other OTC Delayed Price. Currency in USD
-0.19 (-1.59%)
As of 3:12PM EDT. Market open.
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Previous Close11.93
Bid0.00 x 0
Ask0.00 x 0
Day's Range11.45 - 11.80
52 Week Range5.23 - 14.05
Avg. Volume1,278,188
Market Cap8.018B
Beta (3Y Monthly)0.45
PE Ratio (TTM)88.94
EPS (TTM)0.13
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2008-06-12
1y Target EstN/A
Trade prices are not sourced from all markets
  • U.S Mortgage Rates – FED Chair Powell Pins Mortgage Rates Back
    FX Empireyesterday

    U.S Mortgage Rates – FED Chair Powell Pins Mortgage Rates Back

    Mortgage rates held steady as FED Chair Powell offset the effects of the previous week’s NFP numbers on Treasury yields…

  • Trump Team Wary of Fannie-Freddie Fix Before 2020 Election
    Bloomberg3 days ago

    Trump Team Wary of Fannie-Freddie Fix Before 2020 Election

    (Bloomberg) -- The Trump administration is growing wary of taking bold steps toward freeing Fannie Mae and Freddie Mac from federal control before the 2020 election, said people familiar with the matter, in part because of the political risk of potentially upending the U.S. mortgage market.While White House and Treasury Department officials are eager to end the companies’ decade-long conservatorships, they see the task as arduous, slow-moving and extremely complicated, said the people who asked not to be named in discussing internal deliberations.Adding to the challenge is that Treasury Secretary Steven Mnuchin is spending much of his time on more pressing priorities, including the trade war with China, debt ceiling negotiations with Congress and imposing sanctions on Iran and other nations. Still, Mnuchin, who has experience in the mortgage banking industry, works on housing finance weekly, according to one of the people.“The president earlier this year instructed the Department of Treasury to develop a comprehensive plan for bold reform,” White House spokesman Judd Deere said in an email statement. The National Economic Council, Treasury, Federal Housing Finance Agency and others “continue to work together on this presidential priority and anything to suggest otherwise is false,” Deere said.Fannie slid as much as 11% before rebounding to $2.70, a 4.2% decline, at 1:38 p.m. in New York. Freddie fell as much as 10% and stood at $2.61, down 3.3%. The declines were the biggest since Mnuchin told Bloomberg in June that he didn’t want to release the companies from government control without reform.Releasing Fannie and Freddie is no easy lift. It could require raising more than $200 billion -- likely through the biggest share offerings in history -- to ensure the companies have enough capital to survive a meltdown. And the Treasury’s point-person on the companies, counselor Craig Phillips, left last month. His departure raises questions about who might drive work on the issue with other agencies, and potentially on Capitol Hill.One concern among administration officials is that freeing Fannie and Freddie could impact the housing market, possibly making it harder for borrowers to get loans just as President Donald Trump is seeking another term, two of the people said. Housing is a key factor in the health of the U.S. economy, which is seen as crucial to Trump’s re-election prospects.As wards of the state, Fannie and Freddie benefit from pristine credit ratings and a government line of credit, which keeps financing flowing for mortgage lending and borrowing rates low for buyers. It’s not clear how investors in mortgage bonds and lenders might react if the companies were no longer assumed to have the full backing of the U.S. government.There’s still plenty of action the White House, Treasury and Fannie and Freddie’s regulator, the Federal Housing Finance Agency, can take in the next 18 months.For instance, they can curtail Fannie and Freddie’s footprints in the mortgage market, which would reduce risks to the companies. FHFA Director Mark Calabria could also impose a formal rule that dictates how much capital Fannie and Freddie must hold.Perhaps most significantly, Treasury and FHFA could halt a policy that requires the companies to send nearly all their earnings to the Treasury. Though one person familiar with the matter cautioned that ending the so-called profit sweep is unlikely to happen this year.Signs that the administration is moving more slowly than anticipated are evident. Treasury has yet to issue a long-awaited report on its plan for getting Fannie and Freddie out of the government’s grip, despite Calabria saying he hoped it would be released by the end of June. Now, agencies are aiming to get the document out within the next couple of months, according to people familiar with the matter.The stakes are significant. Fannie and Freddie fuel the housing market by buying mortgages from lenders and packaging them into bonds that are sold to investors with guarantees of interest and principal. The process provides financing that makes homes more affordable, and keeps the mortgage market liquid. In total, Fannie and Freddie stand behind about $5 trillion of home loans.Figuring out a fix for the companies, by far the biggest unresolved issue from the 2008 financial crisis, has long confounded policy makers and lawmakers. The companies were taken over by regulators and bailed out by taxpayers during the collapse of the housing market, ultimately getting $191 billion in aid. They have since become profitable again, and paid more in dividends to Treasury than they received in rescue funds.This year, there’s been optimism that Washington was finally making progress, particularly following the April appointment of Calabria.A former economic adviser to Vice President Mike Pence, Calabria made a series of speeches and media appearances in the weeks after joining the FHFA in which he signaled fresh action. He said his agency and the Trump administration might bypass Congress to end the conservatorships, and that he wanted Fannie and Freddie ready to start raising capital by Jan. 1 of next year.Trump himself even joined in, telling Realtors at a May conference in Washington that dealing with Fannie and Freddie was a “pretty urgent problem.”For some on Wall Street -- hedge funds and other investors that own Fannie and Freddie shares -- the remarks have spurred excitement that they were poised to make a windfall, and possibly soon. The stocks have more than doubled this year.Mnuchin has already signaled that he’s not looking for a quick fix for Fannie and Freddie. In a June 8 Bloomberg interview, he said the administration wouldn’t just let the companies build up capital and then release them without making major changes to housing finance policy.Mnuchin hasn’t ruled out bypassing Congress to free Fannie and Freddie. Though Phillips’ June exit from Treasury might make doing so harder. The former BlackRock Inc. and Morgan Stanley executive has mortgage-finance expertise and deep connections on Wall Street, which probably would have proved helpful for possible stock sales. Phillips also had a strong interest in the issue, and it’s not clear who might fill that void at Treasury now that he’s gone.(Updates with White House spokesman’s comment in the fourth paragraph.)To contact the reporters on this story: Saleha Mohsin in Washington at;Jennifer Jacobs in Washington at;Austin Weinstein in New York at aweinstein18@bloomberg.netTo contact the editors responsible for this story: Jesse Westbrook at, ;Alex Wayne at, Gregory MottFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • U.S Mortgage Rates – Rates Steadied Ahead of the June NFP Numbers
    FX Empire8 days ago

    U.S Mortgage Rates – Rates Steadied Ahead of the June NFP Numbers

    The G20 Summit provided the upside for yields in the week, in spite of weak stats out of the U.S. NFP numbers could give rates another boost this week.

  • Reuters12 days ago

    MOVES-FHFA special advisor Bob Ryan to leave July 12

    Bob Ryan, a special advisor to the head of the Federal Housing Finance Agency, will depart from the agency, which oversees Fannie Mae and Freddie Mac, as of July 12 after serving in that role since 2014, the FHFA said on Wednesday. Ryan was appointed as a special adviser along with three others by then-FHFA head Mel Watt, who was succeeded by Mark Calabria in April. Before joining the FHFA, Ryan was a senior vice president of capital markets at Wells Fargo Home Mortgage.

  • U.S Mortgage Rates – Mortgage Rates Slide Again as the FED Turns Dovish
    FX Empire15 days ago

    U.S Mortgage Rates – Mortgage Rates Slide Again as the FED Turns Dovish

    Mortgage rates resumed their downward trend, with the FOMC economic projections, Iran and anticipation of the G20 Summit contributing.

  • STAT FIGHT! Selfish Boomers Screwing Whiny Millennials On Homebuying
    The Basis Point17 days ago

    STAT FIGHT! Selfish Boomers Screwing Whiny Millennials On Homebuying

    Millennials think boomers need to move into retirement homes. Boomers think millennials need to work harder. Really we need more homebuilding.

  • Reuters18 days ago

    UPDATE 1-U.S. 30-year mortgage rates fall to lowest since Nov 2016 -Freddie

    Interest rates on U.S. 30-year fixed-rate mortgages declined to their lowest levels since November 2016 as U.S. bond yields have fallen on expectations the Federal Reserve may lower interest rates as early as July, Freddie Mac said on Thursday. A further decline in home borrowing costs should support the housing sector as other parts of the U.S. economy seem to be softening partly due to global trade tensions.

  • Mortgage Rates Tumble and This Is All We Get?
    Bloomberg20 days ago

    Mortgage Rates Tumble and This Is All We Get?

    (Bloomberg Opinion) -- At his press conference following the Federal Reserve’s monetary policy meeting last week, Chair Jerome Powell spent the bulk of his time talking trade wars and risks to the global economic outlook. What didn’t get any attention was the state of the all-important housing market. Too bad.Data out on Tuesday paint a picture of a housing market under pressure. That would be concerning under most circumstances, but it’s particularly worrisome now, given the tremendous drop in borrowing costs over the past six months and the lowest unemployment rates in half a century – ingredients that should be supportive for the market. Let’s take a look at the numbers. First, the S&P CoreLogic Case-Shiller National Home Price index increased just 2.54% in April from a year earlier, marking the 13th straight month during which gains have slowed. This time last year, home prices were rising at a 6.30% clip. On a monthly basis, prices were unchanged, compared with forecasts for a 0.1% increase. Next, the U.S. government said sales of new single-family homes dropped 7.8% in May to a 626,000 annualized pace that missed all estimates in Bloomberg's survey of economists. The median sales price decreased 2.7% from a year earlier to $308,000, marking the sixth time in the past seven months that prices have dropped and a sign that buyers are balking at elevated property values.If this is the best the housing market can muster – even after the average rate on a 30-year fixed-mortgage as measured by Freddie Mac dropped to 3.84% from last year’s peak of almost 5% in November – then it’s time to question the health of consumers.  The latest consumer confidence numbers support the notion that Americans are feeling less secure. The Conference Board’s index of sentiment for June, released Tuesday, dropped to the lowest level since September 2017 as consumers became less upbeat about the economy. At 121.5, down from a revised 131.3 in May, the index came in lower than all forecasts in a Bloomberg News survey of economists.Residential real estate has been a drag on economic growth for five straight quarters, according to data from the Bureau of Economic Analysis. The last time that happened? It was during the financial crisis of 2008-2009. Now, no one is saying a housing bust is looming. Builder Lennar Corp. said Tuesday that new orders for its homes exceeded analysts’ estimates in the first quarter. And data last week showed sales of existing homes, which make up the majority of the market, topped estimates in May as all four regions of the U.S. gained.Even so, there are clear signs that the housing market is slowing, which is a concern given how much wealth average Americans have tied up in their homes. If consumers are noticing their homes are no longer appreciating in value, then that could put a damper on what is already tepid spending levels. After all, consumer spending accounts for about two-thirds of the economy. Indeed, the Fed’s quarterly Flow of Funds report released earlier this month showed that consumer debt growth slowed to a 2.3% annual pace in the first quarter, the least since 2015, from a 2.8% rate in the fourth quarter. Again, no crisis, but something to watch.To contact the author of this story: Robert Burgess at bburgess@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Robert Burgess is an editor for Bloomberg Opinion. He is the former global executive editor in charge of financial markets for Bloomberg News. As managing editor, he led the company’s news coverage of credit markets during the global financial crisis.For more articles like this, please visit us at©2019 Bloomberg L.P.

  • U.S Mortgage Rates – Rates Rise for the 1st Time in 7-Weeks
    FX Empire22 days ago

    U.S Mortgage Rates – Rates Rise for the 1st Time in 7-Weeks

    30-year fixed mortgage rates rose for the 1st time in 7-weeks. The latest FOMC projections and rising geopolitical risk could reverse that with interest…

  • Reuters25 days ago

    U.S. 30-year mortgage rates tick up from lowest since 2017 - Freddie Mac

    Interest rates on U.S. 30-year fixed-rate mortgages edged higher from their lowest levels since September 2017 as U.S. bond yields had stabilized earlier this week, Freddie Mac said on Thursday. Thirty-year mortgage rates averaged 3.84% in the week ended June 20, up from 3.82% a week ago and and down from 4.57% a year ago, the mortgage finance agency said.

  • Reuterslast month

    UPDATE 1-Fannie, Freddie govt guarantee should be limited -U.S. housing finance chief

    The head of the U.S. Federal Housing Finance Agency (FHFA) said on Thursday that Congress should create a "limited" explicit guarantee for government-sponsored enterprises Fannie Mae and Freddie Mac. "The explicit guarantee should be limited, clearly defined, and paid for," Mark Calabria told an audience in Washington. Fannie and Freddie have operated under government conservatorship since they were bailed out during the 2008 subprime mortgage crisis.

  • Weak May Jobs Growth Keeps Mortgage Rates Insanely Low
    The Basis Pointlast month

    Weak May Jobs Growth Keeps Mortgage Rates Insanely Low

    Bad jobs mean lower rates. How long will it last for homebuyers and refinancers?

  • US long-term mortgage rates fall; 30-year average below 4%
    Associated Press2 months ago

    US long-term mortgage rates fall; 30-year average below 4%

    WASHINGTON (AP) — U.S. long-term mortgage rates fell for the fifth consecutive week, tipping the key 30-year loan average below 4% for the first time in nearly a year and a half.

  • Reuters2 months ago

    U.S. 30-year mortgage rates drop below 4% - Freddie Mac

    Interest rates on U.S. 30-year fixed-rate mortgages fell below 4% for the first time since January 2018 in step with declining U.S. bond yields due to growing trade tension between China and the United States, Freddie Mac said on Thursday. Thirty-year mortgage rates averaged 3.99% in the week ended May 30, down from 4.06% a week earlier and 4.56% a year ago, the mortgage finance agency said. Interest rates on five-year adjustable mortgages averaged 3.60%, down from 3.68% the prior week and 3.80% from the year before.

  • Reuters2 months ago

    U.S. government could stagger Fannie, Freddie privatisation - regulator

    Mortgage giants Fannie Mae and Freddie Mac could be returned to the private market at different times, especially if the government moves to float them on the public markets, the head of the U.S. housing finance regulator told Reuters in an interview. It may be preferable to stagger that process due to the complexities involved in getting the government-backed firms, which have different business models, ready for private ownership, said Mark Calabria, director of the Federal Housing Finance Agency, which oversees Fannie Mae, Freddie Mac and the U.S. housing finance system.

  • Fannie Mae & Freddie Mac to return to private owners: RPT
    Yahoo Finance Videolast month

    Fannie Mae & Freddie Mac to return to private owners: RPT

    Yahoo Finance's Adam Shapiro, Julie Hyman, and Brian Cheung discuss.