Freddie Mac
Freddie Mac Prices New $5 Billion Two-Year Reference Notes® Security
McLean, VA - October 20, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announced today that it priced its new 0.375% $5 billion two-year USD Reference Notes® security due on November 30, 2012. The issue, CUSIP number 3137EACP2, was priced at 99.772 to yield 0.484%, or 12.5 basis points more than two-year U.S. Treasury Notes. The issue will settle on Friday, October 22, 2010.
Freddie Mac Announces the Issuance of a New Two-Year Reference Notes® Security
McLean, VA - October 19, 2010 - (RealEstateRama) --Freddie Mac (OTC: FMCC) announced today that it plans to issue a new two-year USD Reference Notes® security, CUSIP number 3137EACP2, due on November 30, 2012. The issue will be priced on Wednesday, October 20, 2010, and will settle on Friday, October, 22, 2010, at benchmark size.
30-Year FRM Under 5 Percent for 23 Consecutive Week
McLean, VA - October 19, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), which found that the 30-year fixed-rate mortgage rate fell again to break the survey’s all-time low; the 30-year FRM has been under 5 percent for 23 weeks in a row. The last time 30-year FRM rates were this low was April 1951 (based on a data series of FHA rates going back to 1948). The 5-year ARM tied the all-time survey low set last week
Clayton S. Rose Elected to Freddie Mac’s Board of Directors
McLean, VA - October 19, 2010 - (RealEstateRama) -- Freddie Mac (OTC:FMCC) announced that Clayton S. Rose, Professor of Management Practice at Harvard Business School and veteran executive in the financial services and investment industries, was elected today to serve as a director on the company's board.
Freddie Mac to Form Giant PC Securities From PC Securities in Its Retained Mortgage...
McLean, VA - October 15, 2010 - (RealEstateRama) -- Freddie Mac (OTC:FMCC) today announced that its mortgage-related investments portfolio, also known as the company’s retained portfolio, will form Giant Mortgage Participation Certificates (Giant PCs) from its holdings of Mortgage Participation Certificates (PCs)
Statement by Bruce Witherell Chief Operating Officer on FHFA Policy Framework Addressing Servicer Affidavit...
McLean, VA - October 15, 2010 - (RealEstateRama) -- Freddie Mac shares the Federal Housing Finance Agency’s commitment to addressing reported deficiencies in some servicers’ foreclosure practices and has been working closely with our regulator to develop the Policy Framework released today. These principles will further protect borrowers’ rights and help rebuild the integrity of the foreclosure process
Mortgage Rates Continue to Fall According to Freddie Mac’s Weekly Survey
McLean, VA - October 7, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), which found that the 30-year fixed-rate mortgage rate dropped yet again to break the survey's all-time low; the 15-year fixed-rate did the same. The 5-year ARM also set an all-time survey low.
Freddie Mac Statement on Foreclosure Processing Issues
McLean, VA - October 4, 2010 - (RealEstateRama) -- The following statement was issued today by Bruce Witherell, Chief Operating Officer for Freddie Mac (OTC:FMCC).
"Freddie Mac is deeply concerned about recent reports that there may be affidavits that were improperly executed in connection with foreclosures. The alleged practices in these reports are clearly not in compliance with Freddie Mac's guidelines and directives to its servicers
Freddie Mac Issues Monthly Volume Summary for August 2010
McLean, VA - September 24, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today issued the company's Monthly Volume Summary for August 2010. The summary, available on the company's Web site at www.FreddieMac.com/investors/volsum, provides information on Freddie Mac's mortgage-related portfolios, securities issuance, risk management and delinquencies, including data on seriously delinquent mortgage loans in related mortgage Participation Certificate (PC) pools.
Fixed-Rate Mortgages Unchanged While ARMs Are Mixed
McLean, VA - September 23, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®). The 30-year fixed-rate mortgage rate and the 15-year fixed-rate were unchanged; shorter-term rates were mixed.
No Big Changes in Mortgage Rates Tracked By Freddie Mac
McLean, VA - September 16, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®). While the 30-year fixed-rate mortgage rate rose, the 15-year fixed-rate dipped slightly; shorter-term rates fell.
Freddie Mac First Look Initiative Gives Homebuyers 15 Days to Buy Homesteps® Homes Without...
McLean, VA - September 15, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today announced it is expanding the Freddie Mac First Look Initiative on September 17, 2010 so any home shopper can buy a HomeSteps® home as their primary residence during the first 15 days of the property's listing without competition from investors. HomeSteps is the real estate sales unit of Freddie Mac and markets a nationwide selection of Freddie Mac-owned homes
Mortgage Rates Finish Mixed This Week, According to Freddie Mac Weekly Survey
McLean, VA – Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®). While the 30-year fixed-rate mortgage rate and the 5-year adjustable rose slightly, other rates remained flat or fell lower.
Freddie Mac Prices New $5 Billion Five-Year Reference Notes Security
McLean, VA – Freddie Mac (OTC: FMCC) announced today that it priced its new 1.75% $5 billion five-year USD Reference Notes® security due on September 10, 2015. The issue, CUSIP number 3137EACM9, was priced at 99.714 to yield 1.81%, or 29.5 basis points more than five-year U.S. Treasury Notes. The issue will settle on Friday, September 10, 2010.
Freddie Mac Announces Offering of New Guaranteed Structured Pass-Through K Certificates
McLean, VA - September 9, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today announced a new offering of Structured Pass-Through Certificates ("K Certificates"), multifamily mortgage-backed securities that help provide liquidity, stability and affordability to the nation's multifamily housing market. The company expects to offer approximately $1 billion in K Certificates ("K-008 Certificates"), which are expected to price on or about September 15, 2010, and settle on or about September 23, 2010
Freddie Mac Announces the Issuance of a New Five-Year Reference Notes Security
McLean, VA – Freddie Mac (OTC: FMCC) announced today that it plans to issue a new five-year USD Reference Notes® security, CUSIP number 3137EACM9, due on September 10, 2015. The issue will be priced on Thursday, September 9, 2010, and will settle on Friday, September 10, 2010, at benchmark size
Modest Inflation Expectations Allow Mortgage Rates to Once Again Set New Record Lows
McLean, VA - September 2, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), and for yet another week, fixed-rate mortgages reached record lows, as did the 5-year adjustable rate in this survey. (The 30-year fixed-rate survey began in 1971, the 15-year began in 1991, and the 5-year adjustable in 2005.)
Freddie Mac Will Not Issue a Reference Notes® Security on September 1, 2010
McLean, VA – Freddie Mac (OTC: FMCC) announced today that it will not issue a Reference Notes® security on September 1, 2010. The company's 2010 Reference Notes calendar designates dates that it may use to announce the issuance of Reference Notes securities
Home Values Rise in Second Quarter
Home Values Edge Down Slightly Relative to a Year Ago. McLean, VA - August 31, 2010 - (RealEstateRama) -- Freddie Mac (OTC:FMCC) announced today the results of its second quarter Conventional Mortgage Home Price Index (CMHPI).
Freddie Mac Names Subha V. Barry SVP, Chief Diversity Officer
McLean, VA - August 30, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today named Subha V. Barry to the position of chief diversity officer (CDO). In this position, Barry will lead the company's newly formed Office of Diversity and Inclusion, with overall responsibility for the combined functions of Diversity and Inclusion and Supplier Diversity. She will be responsible for developing business strategies focused on the needs of a diverse workforce, working closely with other members of Freddie Mac's senior management team to ensure the company is effectively utilizing diverse talent (both within its employee base and its suppliers), enhance the annual diversity planning process and manage performance against the company's diversity plans. Barry will also design and launch the new Executive Diversity Council. She will report directly to CEO Charles E. "Ed" Haldeman, Jr., with whom she will jointly lead the Executive Diversity Council, and will be a member of Freddie Mac's management committee. In addition, Barry will work with Freddie Mac's business units to ensure the maximization of opportunities in diverse market segments
Long-Term Mortgage Rates Fall for the Ninth Week Out of Ten
McLean, VA - August 26, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), and for yet another week, fixed-rate mortgages reached record lows, while the 5-year adjustable rate remained tied at its low for this survey. (The 30-year fixed-rate survey began in 1971, the 15-year began in 1991, and the 5-year adjustable in 2005
Freddie Mac Prices New $3 Billion Three-Year Reference Notes Security
McLean, VA - August 19, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announced today that it priced its new 0.875% $3 billion three-year USD Reference Notes® security due on October 28, 2013. The issue, CUSIP number 3137EACL1, was priced at 99.661 to yield 0.983%, or 22.5 basis points more than three-year U.S. Treasury Notes. The issue will settle on Friday, August 20, 2010.
Freddie Mac Announces the Issuance of a New Three-Year Reference Notes Security
McLean, VA - August 18, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announced today that it plans to issue a new three-year USD Reference Notes® security, CUSIP number 3137EACL1, due on October 28, 2013. The issue will be priced on Thursday, August 19, 2010, and will settle on Friday, August 20, 2010, at benchmark size.
Refinancing Borrowers Choose Shorter Term Loans
Share Refinancing Into 15-Year and 20-Year at Highest Level Since 2004. McLean, VA - August 13, 2010 - (RealEstateRama) -- Freddie Mac (OTC:FMCC) announced the results of its quarterly Product Transition Report today.
Mortgage Rates Down Again as GDP is Revised Lower
McLean, VA - August 5, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), with the 30-year and 15-year fixed-rate mortgages reaching record lows for this survey. (The 30-year fixed-rate survey began in 1971, and the 15-year began in 1991.) The 5-year adjustable rate mortgage also reached its lowest level since Freddie Mac began tracking it in 2005
Freddie Mac Names Jerry Weiss EVP, Chief Administrative Officer
McLean, VA - August 2, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today named Jerry Weiss to the newly created position of chief administrative officer (CAO). Weiss will continue to serve as the company’s chief compliance officer and oversee the Compliance, Economics and Strategy, Regulatory Affairs and Mission divisions. As CAO, he will also manage two additional functions – External Relations and Human Resources. Weiss will continue to report directly to CEO Charles E. "Ed" Haldeman, Jr. as a member of Freddie Mac’s management committee.
Freddie Mac Names Jerry Weiss EVP, Chief Administrative Officer
McLean, VA - August 2, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today named Jerry Weiss to the newly created position of chief administrative officer (CAO). Weiss will continue to serve as the company’s chief compliance officer and oversee the Compliance, Economics and Strategy, Regulatory Affairs and Mission divisions. As CAO, he will also manage two additional functions – External Relations and Human Resources. Weiss will continue to report directly to CEO Charles E. "Ed" Haldeman, Jr. as a member of Freddie Mac’s management committee.
Fixed-Rate Mortgage Rates Inch Downward to Another New Low for the Sixth Consecutive Week
McLean, VA – Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), with the 30-year and 15-year fixed-rate mortgages reaching record lows for this survey. (The 30-year fixed-rate survey began in 1971, and the 15-year began in 1991
Freddie Mac Will Not Issue a Reference Notes® Security on July 29, 2010
McLean, VA - July 29, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announced today that it will not issue a Reference Notes® security on July 29, 2010. The company’s 2010 Reference Notes calendar designates dates that it may use to announce the issuance of Reference Notes securities.
Cash-In Refinancings Rise in Second Quarter
McLean, VA - July 28, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) released the results of its second quarter cash-out refinance analysis.