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Freddie Mac (FMCKN)

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5.25-0.00 (-0.00%)
At close: 10:41AM EDT
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Previous Close5.25
Open5.32
Bid0.00 x 0
Ask0.00 x 0
Day's Range5.20 - 5.32
52 Week Range4.15 - 9.00
Volume3,300
Avg. Volume33,755
Market Cap4.216B
Beta (5Y Monthly)2.71
PE Ratio (TTM)477.26
EPS (TTM)0.01
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateJun 12, 2008
1y Target EstN/A
  • Freddie Mac Prices $964 Million Multifamily K-Deal, K-F107
    GlobeNewswire

    Freddie Mac Prices $964 Million Multifamily K-Deal, K-F107

    MCLEAN, Va., April 13, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates (K Certificates), which includes a class of floating rate bonds indexed to the Secured Overnight Financing Rate (SOFR). The approximately $964 million in K Certificates (K-F107 Certificates) are expected to settle on or about April 22, 2021. The K-F107 Certificates are backed by floating-rate multifamily mortgages with 7-year terms, which are SOFR-based. K-F107 Pricing ClassPrincipal/Notional Amount (mm)Weighted Average Life (Years)Discount MarginCouponDollar PriceAS$964,180,0006.582530-day SOFR avg + 25100.000XSNon-Offered Details Co-Lead Managers and Joint Bookrunners: Goldman Sachs & Co. LLC and Amherst Pierpont Securities LLCCo-Managers: Academy Securities, Inc., Barclays Capital Inc., J.P. Morgan Securities LLC and Piper Sandler & Co. Related Links The K-F107 preliminary offering circular supplement: http://www.freddiemac.com/mbs/data/0kf107oc.pdf Freddie Mac Multifamily Securitization OverviewMultifamily Securities Investor Access database of post-securitization data from Investor Reporting Packages The K-F107 Certificates will not be rated and will include one senior principal and interest class and one interest-only class that is also entitled to static prepayment premiums. The K-F107 Certificates are backed by corresponding classes issued by the FREMF 2021-KF107 Mortgage Trust (KF107 Trust) and guaranteed by Freddie Mac. The KF107 Trust will also issue certificates consisting of the Class CS and R Certificates, which will be subordinate to the classes backing the K-F107 Certificates and will not be guaranteed by Freddie Mac.Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities. K-Deals are part of the company’s business strategy to transfer a portion of the risk of losses away from taxpayers and to private investors who purchase the unguaranteed subordinate bonds. K Certificates typically feature a wide range of investor options with stable cash flows and structured credit enhancement. 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, 2020, filed with the Securities and Exchange Commission (SEC) on February 11, 2021; 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, 2020, 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, 2020, 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: Erin Mancini703-903-1530Erin_Mancini@FreddieMac.comINVESTOR CONTACTS: Robert Koontz571-382-4082 Luba Kim-Reynolds 212-418-8879

  • Moody's

    Oceanview Mortgage Trust 2021-1 -- Moody's assigns provisional ratings to Oceanview Mortgage Loan Trust 2021-1

    Rating Action: Moody's assigns provisional ratings to Oceanview Mortgage Loan Trust 2021-1Global Credit Research - 09 Apr 2021New York, April 09, 2021 -- Moody's Investors Service, ("Moody's") has assigned provisional ratings to fifty-six classes of residential mortgage-backed securities (RMBS) issued by Oceanview Mortgage Trust (OCMT) 2021-1. The ratings range from (P)Aaa (sf) to (P)B3 (sf).Oceanview Asset Selector, LLC is the sponsor of OCMT 2021-1, an inaugural securitization of performing prime jumbo mortgage loans backed by 447 first lien, fully amortizing, fixed-rate qualified mortgage (QM) loans, with an aggregate unpaid principal balance (UPB) of $385,853,144. The transaction benefits from a collateral pool that is of high credit quality, and is further supported by an unambiguous R&W framework, 100% third-party review (TPR) and a shifting interest structure that incorporates a subordination floor.

  • Moody's

    Moody's assigns provisional ratings to Oceanview Mortgage Loan Trust 2021-1

    Rating Action: Moody's assigns provisional ratings to Oceanview Mortgage Loan Trust 2021-1Global Credit Research - 09 Apr 2021New York, April 09, 2021 -- Moody's Investors Service, ("Moody's") has assigned provisional ratings to fifty-six classes of residential mortgage-backed securities (RMBS) issued by Oceanview Mortgage Trust (OCMT) 2021-1. The ratings range from (P)Aaa (sf) to (P)B3 (sf).Oceanview Asset Selector, LLC is the sponsor of OCMT 2021-1, an inaugural securitization of performing prime jumbo mortgage loans backed by 447 first lien, fully amortizing, fixed-rate qualified mortgage (QM) loans, with an aggregate unpaid principal balance (UPB) of $385,853,144. The transaction benefits from a collateral pool that is of high credit quality, and is further supported by an unambiguous R&W framework, 100% third-party review (TPR) and a shifting interest structure that incorporates a subordination floor.