(Bloomberg) -- Mortgage broker Meridian Capital Group will be freed from a Freddie Mac ban months after Freddie stopped buying loans handled by the firm amid an industrywide crackdown on fraud.Most Read from BloombergSan Francisco to Shut 9% of Public Schools Amid Budget WoesChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationShould Evictions Be Banned After Hurricanes and Climate Disasters?From Cleveland to Chica
MCLEAN, Va., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that it has commenced a fixed-price cash tender offer (the “Offer”) for the purchase of any and all of the STACR® (Structured Agency Credit Risk) Notes listed in the table below (the “Notes”) beginning Monday, October 7, 2024. Certain of the classes of Notes subject to the Offer were issued by the STACR Trust identified in the table below (each, a “Trust”). Freddie Mac is the holder of the owner certificate
"MBA’s forecast is for longer-term rates, including mortgage rates, to remain within a relatively narrow range over the next year."