Thursday, March 28, 2024
Authors Posts by Freddie Mac

Freddie Mac is a stockholder-owned corporation established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac raises capital on Wall Street and throughout the world's capital markets to finance mortgages for families across America. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters

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Freddie Mac Announces Fourth Multifamily Securities Offering of the Year, K-SMC

MCLEAN, VA - March 13, 2013 - (RealEstateRama) -- Freddie Mac (OTCQB: FMCC) today announced a new offering of Structured Pass-Through Certificates ("K Certificates"), which are multifamily mortgage-backed securities. The company expects to offer approximately $1.35 billion in K Certificates ("K-SMC Certificates"), which are backed by properties owned by Southern Management Corporation affiliates. The K-SMC Certificates are expected to price on or about March 15, 2013, and settle on or about March 28, 2013. This is Freddie Mac's fourth K Certificate offering this year, and its third single sponsor securitization since 2010.

Mortgage Rates Break Holding Pattern, Move Lower

MCLEAN, VA - February 28, 2013 - (RealEstateRama) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates moving lower after being largely unchanged over the past month, while continuing to help drive the housing recovery leading up to the spring home buying season.

Freddie Mac Changes Policies So Borrowers Will Get Hurricane Sandy Insurance Proceeds Faster

MCLEAN, VA - February 22, 2013 - (RealEstateRama) -- Freddie Mac (OTCQB: FMCC) today took steps to cut the time it's taking servicers to get insurance proceeds to borrowers to start repairs on homes damaged by Hurricane Sandy and secured by Freddie Mac-owned or -guaranteed mortgages. Freddie Mac is one of the nation's largest investors in single-family and multifamily mortgages.

Average 30-Year Fixed-Rate Mortgage Up a Smidgen

MCLEAN, VA - February 21, 2013 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates changing little over the past four weeks which is helping to spur new home construction. After being flat for three straight weeks, the 30-year fixed edged up to 3.56 percent, while the 15-year fixed remained unchanged at 2.77 percent.

February 2013 U.S. Economic and Housing Market Outlook

MCLEAN, VA - February 14, 2013 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) released today its U.S. Economic and Housing Market Outlook for February showing that while the housing sector is recovering, the level of housing activity is still near historic lows. And in many markets, especially those hardest hit, there is room for sustainable growth because of record high homebuyer affordability; a factor of relatively low house prices, mortgage rates and modestly rising income.

30-Year Fixed-Rate Mortgage Unchanged for Third Consecutive Week

MCLEAN, VA - February 14, 2013 - (RealEstateRama) - Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey(R) (PMMS®), showing average fixed mortgage rates unchanged from the previous week and remaining near their record lows as they continue to support housing demand, translating into a pick-up in home prices in most markets.

27 Percent of Borrowers That Refinance Shorten Mortgage Term During Fourth Quarter

MCLEAN, VA - February 12, 2013 - (RealEstateRama) -- In the fourth quarter of 2012, 27 percent of borrowers that refinanced an existing mortgage chose to shorten their loan term, based on the Freddie Mac (OTC: FMCC) Quarterly Product Transition Report released today. Further, refinancing borrowers clearly preferred fixed-rate loans, regardless of whether their original loan was an adjustable-rate mortgage (ARM) or a fixed-rate.

Average 30-Year Fixed-Rate Mortgage Remains at 3.53 Percent

MCLEAN, VA--(Marketwire - Feb 7, 2013) - Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey(R) (PMMS®), showing mortgage rates either unchanged or lower and should continue to aid in the ongoing housing recovery.

Freddie Mac Names Top Multifamily Lenders of 2012

MCLEAN, VA - February 5, 2013 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announces its highest-producing multifamily mortgage sellers of 2012. These are the lenders who transacted the most financing volume with Freddie Mac. Through these and other lenders, the company settled a record $28.8 billion in new multifamily volume last year, comprising 435,000 rental units, and resulting in over $21 billion in mortgage securitizations.

84 Percent of Refinancing Homeowners Maintain or Reduce Mortgage Debt in Fourth Quarter

MCLEAN, VA - February 5, 2013 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) released the results of its fourth quarter refinance analysis showing homeowners who refinance continue to strengthen their fiscal house. This release also contains annual statistics on refinances for the ten largest metropolitan areas and four Census regions of the U.S.

Mortgage Rates Trending Higher

MCLEAN, VA - January 31, 2013 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing mortgage rates continuing to trend higher amid a growing economy led in part by the recovering housing market. This marks the first week the 30-year fixed-rate mortgage has averaged above 3.5 percent since September 13th of last year. The all-time record low for the 30-year fixed was set the week of November 21, 2012, when it averaged 3.31 percent.

Freddie Mac Extends Evictions, Foreclosure Suspension in Hurricane Sandy Major Disaster Areas

MCLEAN, VA - January 31, 2013 - (RealEstateRama) -- In an effort to give families and communities affected by Hurricane Sandy more time to recover, Freddie Mac (OTC: FMCC) announced that it is extending its mandatory suspension of evictions and foreclosures involving homes secured by mortgages owned or guaranteed by Freddie Mac through April 30, 2013. The extensions build on Freddie Mac's November 13 announcement [PDF]of storm relief for borrowers with homes or places of employment located in presidentially declared Major Disaster Areas where federal Individual Assistance programs are available. Freddie Mac is one of the nation's largest investors in residential mortgages.

Fixed Mortgage Rates Move Higher

MCLEAN, VA - January 24, 2013 - (RealEstateRama) -- Freddie Mac (OTCBB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates moving higher from the previous week. The 30-year fixed averaged 3.42 percent, its highest reading since September 29, 2012. Regardless, fixed-mortgage rates still remain highly affordable near their all-time record lows, and should continue to aid in the ongoing housing recovery.

Mortgage Rates Mostly Flat

MCLEAN, VA - January 17, 2012 - (RealEstateRama) -- Freddie Mac (OTCBB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing mortgage rates largely unchanged from the previous week helping to keep homebuyer affordability high, refinancing strong and should continue to aid the ongoing housing recovery.

January 2013 U.S. Economic and Housing Market Outlook

MCLEAN, VA - January 15, 2012 - (RealEstateRama) -- Freddie Mac (OTCBB: FMCC) released today its U.S. Economic and Housing Market Outlook for January showing that despite the fiscal uncertainties facing the country, consumer confidence has remained fairly resilient in recovering from its Great Recession lows, buoyed by improving labor and housing market news. Unfortunately, business owners and managers are more sanguine about the nation's business outlook than consumers seem to be.

30-Year Fixed-Rate Mortgage Averages 3.40 Percent

MCLEAN, VA - January 10, 2012 - (RealEstateRama) -- Freddie Mac (OTCBB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates moving higher following December's employment report. The 30-year fixed averaged 3.40 percent, its highest reading in eight weeks. The all-time record low for the average 30-year fixed was 3.31 percent set November 21, 2012.

Freddie Mac to Suspend Evictions From December 19 to January 2, 2012

MCLEAN, VA - December 1, 2011 - (RealEstateRama) -- Freddie Mac (FMCC.OB) today announced it has ordered all evictions involving foreclosed occupied single family and 2-4 unit properties that had Freddie Mac mortgages to be suspended from December 19, 2011 to January 2, 2012.

30-Year Fixed-Rate Mortgage Drops Amid Japan Crisis

McLean, VA - March 17, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey®> (PMMS®), which shows the 30-year fixed-rate dropping to 4.76 percent while the 15-year fixed-rate hit its lowest rate at 3.97 percent since December 2010.

30-Year Fixed-Rate Mortgage Holds Steady at 4.88%

McLean, VA - March 10, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), which shows mortgage rates holding steady and below 5.0 percent.

30-Year Fixed-Rate Mortgage Drops for Third Consecutive Week

McLean, VA - March 3, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey®(PMMS®), which shows a drop in long-term fixed rates for the third consecutive week.

Business Real Estate Press Releases

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Recent Gov & Nonprofit Real Estate Press Releases

Support Ukrainian Refugees

GFP Real Estate and Its Tenants Raise More Than $200,000 to...

GFP Real Estate is pleased to announce that its "Support Ukraine in Crisis" campaign raised more than $200,000 to support humanitarian relief efforts on the ground in Ukraine.