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Federal Home Loan Mortgage Corporation (FMCKJ)

Other OTC - Other OTC Delayed Price. Currency in USD
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6.21+0.11 (+1.80%)
At close: 3:58PM EDT
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Previous Close6.10
Open6.20
Bid0.00 x 0
Ask0.00 x 0
Day's Range6.10 - 6.21
52 Week Range4.82 - 10.94
Volume68,558
Avg. Volume393,273
Market Cap4.241B
Beta (5Y Monthly)2.72
PE Ratio (TTM)31.68
EPS (TTM)0.20
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateJun. 12, 2008
1y Target EstN/A
  • Freddie Mac Announces Pricing of $372 Million Multifamily Small Balance Loan Securitization
    GlobeNewswire

    Freddie Mac Announces Pricing of $372 Million Multifamily Small Balance Loan Securitization

    MCLEAN, Va., May 14, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announces the pricing of the SB86 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 $372 million in SB Certificates (SB86 Certificates), which are expected to settle on or about May 21, 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 fifth SB Certificate transaction in 2021. SB86 Pricing ClassPrincipal/Notional Amount (mm)Weighted Average Life (Years)Spread (bps)CouponYieldDollar PriceA-5H$50.0894.0730.9000%0.7619%100.4978A-10F$144.8247.26181.6100%1.5305%100.4658A-10H$177.1367.16331.7500%1.6676%100.4716X1$372.0506.782,9000.4712%29.8281%4.4492 Details: Co-Lead Managers and Joint Bookrunners: Wells Fargo Securities, LLC and J.P. Morgan Securities LLCCo-Managers: Multi-Bank Securities, Inc., Oppenheimer & Co. Inc., Piper Sandler & Co. and Stifel, Nicolaus & Company, IncorporatedSB86 Certificates Offering CircularSmall Balance Securitization Investor Presentation PDF Freddie Mac is guaranteeing three senior principal and interest classes and one interest only class of securities issued by the FRESB 2021-SB86 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, 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: Mike Morosi703-918-5851Michael_Morosi@FreddieMac.comINVESTOR CONTACTS: Robert Koontz571-382-4082Luba Kim-Reynolds212-418-8879

  • Mortgage Rates Continue to Decline
    GlobeNewswire

    Mortgage Rates Continue to Decline

    Primary Mortgage Market Survey® U.S. weekly average mortgage rates as of May 13, 2021. MCLEAN, Va., May 13, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.94 percent. “Since the most recent peak in April, mortgage rates have declined nearly a quarter of a percent and have remained under three percent for the past month,” said Sam Khater, Freddie Mac’s Chief Economist. “Low rates offer homeowners an opportunity to lower their monthly payment by refinancing and our most recent research shows that many borrowers, especially Black and Hispanic borrowers, who could benefit from refinancing still aren’t pursuing the option.” Khater continued, “Additionally, the low mortgage rate environment has been a boon to the housing market but may not last long as consumer inflation has accelerated at its fastest pace in more than twelve years and may lead to higher mortgage rates in the summer.” News Facts 30-year fixed-rate mortgage averaged 2.94 percent with an average 0.7 point for the week ending May 13, 2021, down from last week when it averaged 2.96 percent. A year ago at this time, the 30-year FRM averaged 3.28 percent.15-year fixed-rate mortgage averaged 2.26 percent with an average 0.6 point, down from last week when it averaged 2.30 percent. A year ago at this time, the 15-year FRM averaged 2.72 percent.5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.59 percent with an average 0.3 point, down from last week when it averaged 2.70 percent. A year ago at this time, the 5-year ARM averaged 3.18 percent. The PMMS is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20 percent down and have excellent credit. Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for the Definitions. Borrowers may still pay closing costs which are not included in the survey. 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, investors and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac’s blog FreddieMac.com/blog. MEDIA CONTACT: Angela Waugaman703-714-0644Angela_Waugaman@FreddieMac.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5211f112-1a82-49b9-af9a-75ecf51b9a2b

  • U.S. Mortgage Rates Fall for Second Week, With 30-Year at 2.94%
    Bloomberg

    U.S. Mortgage Rates Fall for Second Week, With 30-Year at 2.94%

    (Bloomberg) -- U.S. mortgage rates fell for a second straight week, dropping closer to the lowest on record.The average for a 30-year loan was 2.94%, down from 2.96% last week and the lowest since Feb. 18, Freddie Mac data showed Thursday.The 30-year average, which hit a record low of 2.65% in early January, had climbed above 3% this year amid optimism about an economic rebound from the pandemic. Now, rates have been below that benchmark for the past four weeks.Cheap loans have fueled the past year’s rally in home purchases and given Americans more buying power even as bidding wars push up prices. The latest decline also provides current borrowers with another window to lower their monthly payments by refinancing. For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.