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USD Federal Home Loan Mortgage Corporation (FMCKO) Follow Compare 6.25 +2.53 (+68.01%) At close: 3:48 PM EST All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Freddie and Fannie’s Zombie Preferreds Surge on Trump Win (Bloomberg) -- Shares of long-moribund preferred stock issued by Fannie Mae and Freddie Mac surged on Wednesday amid speculation that Donald Trump will free the housing finance agencies from their crisis-era conservatorship.Most Read from BloombergParis Restricts Through Traffic in City CenterFrom Housing to Immigration, Key Ballot Initiatives and Local Races to FollowKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationA $6 billion perpetual issue by Freddie Mac sold b Bloomberg ? 6 hours ago FMCC FNMA Trump's Return Sends Fannie & Freddie Stocks Soaring -- Is Privatization Finally Happening? Mortgage Giants Surge as Trump's Win Revives Privatization Hopes--What This Means for Homeowners and Investors GuruFocus.com ? 8 hours ago FMCC FNMA Fannie Mae says it suffered losses from commercial mortgage fraud A photo illustration of Fannie Mae CEO Priscilla Almodovar (Getty)The crackdown on commercial mortgage fraud is heating up. Fannie Mae confirmed for the first time an ongoing investigation into a litany of schemes that may be far more pervasive than was initially thought. The agency also listed financial losses from mortgage fraud as its top risk factor in its third-quarter […]The post Fannie Mae says it suffered losses from commercial mortgage fraud appeared first on The Real Deal. The Real Deal ? 2 days ago FNMA FMCC The Fed Cut Rates, So Why Are Mortgage Rates Climbing? The Truth Behind The Housing Market's Latest Curveball U.S. mortgage rates rose for a fourth consecutive week, climbing as housing demand waned. Despite recent expectations of relief from anticipated Federal Reserve rate cuts, borrowing costs have continued to rise. Freddie Mac reported that the average rate of a 30-year fixed mortgage hit 6.54% by Oct. 24, 2024, a peak unseen since August. Although still below this year's high of 7.22% from May, the upward trend has started to weigh on homebuyers. Don't Miss: Warren Buffett once said, "If you don't Benzinga ? 2 days ago FMCC Realtor.com Trends Reveal Millennials Are Making Gains In Surprising States As First-Time Homebuyers Surge First-time homebuyers are gaining ground in unexpected territory, with Rhode Island leading a wave of Northeastern and Midwestern states where new buyers are claiming a growing share of home sales. According to data issued by Freddie Mac initially cited by Realtor.com, Rhode Island topped the nation with a 14.3% increase in first-time buyer market share from 2019 through 2024, despite the state’s median listing price of $569,950 sitting well above the national average of $425,000. Don't Miss: Wa Benzinga ? 4 days ago FMCC Mortgage rates rise for fifth straight week Mortgage rates moved higher for the fifth straight week, pushing the average rate for a 30-year fixed-rate mortgage to 6.72% and the 15-year note to 5.99%. Fox Business ? 6 days ago FMCC Average rate on a 30-year mortgage in the US rises for fifth straight week The rate rose to 6.72% from 6.54% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 7.03%, Freddie Mac said. When mortgage rates increase they can add hundreds of dollars a month in costs for borrowers, reducing homebuyers' purchasing power at a time when home prices remain near all-time highs though the housing market is in a sales slump going back to 2022. Associated Press Finance ? 6 days ago FMCC The average rate on a 30-year mortgage hits 6.72% this week, Freddie Mac says, its highest level since early August The average rate on a 30-year mortgage hits 6.72% this week, Freddie Mac says, its highest level since August. Associated Press Finance ? 6 days ago FMCC Mortgage Rates Increase for the Fifth Consecutive Week Primary Mortgage Market Survey? U.S. weekly average mortgage rates as of 10/31/2024 MCLEAN, Va., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey? (PMMS?), showing the 30-year fixed-rate mortgage (FRM) averaged 6.72 percent. “Increasing for the fifth consecutive week, mortgage rates reached their highest level since the beginning of August,” said Sam Khater, Freddie Mac’s Chief Economist. “With several potential inflecti GlobeNewswire ? 6 days ago FMCC FMCCH +86.78% FMCCK +71.43% Mortgage Rates Jump for Fifth Week, With 30-Year Reaching 6.72% (Bloomberg) -- Mortgage rates in the US rose for the fifth week in a row. Most Read from BloombergIs Denver’s Big Bet on E-Bikes Paying Off?Chicago Mayor Seeks Property Tax Hike, Breaking Campaign VowThe Answer To Making Cities More Family-Friendly? CourtyardsNY Transit Agency Takes Next Step on Brooklyn-Queens Rail LinkA South Korean City Plays Matchmaker to Tackle a Fertility CrisisThe average for a 30-year, fixed loan was 6.72%, up from 6.54% last week, Freddie Mac said in a statement Thursda Bloomberg ? 6 days ago FMCC Q3 2024 Federal Home Loan Mortgage Corp Earnings Call Q3 2024 Federal Home Loan Mortgage Corp Earnings Call Thomson Reuters StreetEvents ? 6 days ago FMCC Federal Home Loan Mortgage Corp (FMCC) Q3 2024 Earnings Call Highlights: Strong Net Income ... FMCC reports a 16% increase in net income and a robust performance in its multifamily segment, despite challenges in noninterest income and delinquency rates. GuruFocus.com ? 6 days ago FMCC Freddie Mac Announces Third Quarter 2024 Financial Results MCLEAN, Va., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today reported its Third Quarter 2024 financial results and filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission. The company’s Form 10-Q and earnings press release, along with the Third Quarter 2024 financial results supplement are available now on the Investor Relations page of the company’s website. The company will hold a call at 9 a.m. Eastern Time (ET) today, October 30, 2024, to sh GlobeNewswire ? 7 days ago FMCC FMCCH +86.78% FMCCK +71.43% Freddie Mac Announces Release Date for Third Quarter 2024 Financial Results MCLEAN, Va. , Oct. 29, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB:FMCC) announced today that it plans to report its Third Quarter 2024 financial results before the U.S. financial markets open on Wednesday, October 30, 2024. The company will hold a call at 9 a.m. Eastern Time (ET) on Wednesday, October 30, 2024, to share the company’s results with the media. The call will be concurrently webcast, and the replay will be available on the company’s website for approximately 30 days. All materials r GlobeNewswire ? 8 days ago FMCC FMCCH +86.78% FMCCK +71.43% FHFA expands fee-based alternative to repurchase loans to all approved lenders Through the pilot program, instead of repurchasing defective – but performing – loans within the first 36 months of origination, lenders pay a fee based on the defect rate of their performing loan deliveries to Freddie Mac. HousingWire ? 9 days ago FMCC Freddie Mac Expands Offerings with a Focus on First-Time Homebuyers Company leverages technology to boost housing affordabilityMCLEAN, Va., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announced today several measures that will boost housing affordability for borrowers and first-time homebuyers in particular. With advancements to its automated underwriting system, appraisal waiver expansions and progress in the down payment assistance space, the company continues its collaboration with the industry to increase efficiency, lower costs and provide a GlobeNewswire ? 9 days ago FMCC FMCCH +86.78% FMCCK +71.43% Freddie Mac Expands Repurchase Alternative Pilot for Performing Loans Company also offers fee-only remedy under traditional program, commits to greater transparency and reporting on repurchasesMCLEAN, Va., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced it will expand its performing loan repurchase alternative pilot to lenders nationwide beginning in the first quarter of 2025. The company also announced a new fee-only option for performing loans. Under that option, lenders can obtain immediate representations and warranties (R&W) relief GlobeNewswire ? 9 days ago FMCC FMCCH +86.78% FMCCK +71.43% Allies hope a Trump win changes the system for mortgages. Some warn it will make them pricier If Donald Trump wins the presidential election, Republicans hope he will fulfill a longstanding GOP goal of privatizing the mortgage giants Fannie Mae and Freddie Mac, which have been under government control since the Great Recession. Republicans contend the Federal Housing Finance Agency has been overseeing the two firms far too long, stymying competition in the housing finance market while putting taxpayers at risk should another bailout be necessary, like in 2008. President Donald Trump sought to free the two companies from government control when he was in office, but Joe Biden’s victory in 2020 prevented that from happening. Associated Press Finance ? 12 days ago FMCC FNMA Freddie Mac Issues Monthly Volume Summary for September 2024 MCLEAN, Va., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today posted to its website its Monthly Volume Summary for September 2024, which provides information on Freddie Mac’s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments. Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycl GlobeNewswire ? 13 days ago FMCC FMCCH +86.78% FMCCK +71.43% Freddie Mac Prices Approximately $272.2 Million SLST Securitization MCLEAN, Va., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced the pricing of the Freddie Mac Seasoned Loans Structured Transaction Trust (SLST) Series 2024-2, a securitization of approximately $272.2 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned residential mortgage loans. The SLST program is a fundamental part of Freddie Mac's seasoned loan offerings which reduce less-liquid assets in its mortgage-relat GlobeNewswire ? 13 days ago FMCC FMCCH +86.78% FMCCK +71.43% Performance Overview Trailing total returns as of 11/6/2024, which may include dividends or other distributions. Benchmark is S&P 500 Return FMCKO S&P 500 YTD +167.09% +24.30% 1-Year +230.69% +36.04% 3-Year +165.96% +26.22%
