Edition:
India

Federal Home Loan Mortgage Corp (FMCC.PK)

FMCC.PK on OTC Markets Group

1.42USD
30 Mar 2020
Change (% chg)

$-0.06 (-3.83%)
Prev Close
$1.48
Open
$1.48
Day's High
$1.48
Day's Low
$1.40
Volume
2,306,406
Avg. Vol
2,361,100
52-wk High
$4.04
52-wk Low
$1.20

Latest Key Developments (Source: Significant Developments)

Freddie Mac Announces Enhanced Relief For Borrowers Impacted By Covid-19
Thursday, 19 Mar 2020 

March 18 (Reuters) - Federal Home Loan Mortgage Corp ::FREDDIE MAC ANNOUNCES ENHANCED RELIEF FOR BORROWERS IMPACTED BY COVID-19.FREDDIE MAC - FOR SINGLE-FAMILY BUSINESS, NATIONWIDE SUSPENSION OF ALL FORECLOSURE SALES AND EVICTIONS OF BORROWERS LIVING IN HOMES OWNED BY CO.FREDDIE MAC - ANNOUNCED A VARIETY OF ADDITIONAL MORTGAGE RELIEF OPTIONS, INCLUDING AN EXPANSION OF ITS FORBEARANCE PROGRAM.  Full Article

Freddie Mac Says Housing Market Continues To Be A Positive Force For Broader Economy
Thursday, 5 Mar 2020 

March 5 (Reuters) - Federal Home Loan Mortgage Corp ::FREDDIE MAC SAYS HOUSING MARKET CONTINUES TO BE A POSITIVE FORCE FOR BROADER ECONOMY.  Full Article

Fannie Mae Says Multifamily Serious Delinquency Rate Remained Flat At 0.04% In January.
Saturday, 29 Feb 2020 

Feb 28 (Reuters) - Federal National Mortgage Association ::FANNIE MAE - CONVENTIONAL SINGLE-FAMILY SERIOUS DELINQUENCY RATE REMAINED FLAT AT 0.66% IN JANUARY..FANNIE MAE - MULTIFAMILY SERIOUS DELINQUENCY RATE REMAINED FLAT AT 0.04% IN JANUARY..FANNIE MAE - FANNIE MAE'S GUARANTY BOOK OF BUSINESS INCREASED AT A COMPOUND ANNUALIZED RATE OF 2.4% IN JANUARY..FANNIE MAE - AS OF JAN. 31, 2020, MAXIMUM EXPOSURE TO FREDDIE MAC COLLATERAL THAT WAS INCLUDED IN OUTSTANDING RESECURITIZATIONS WAS $57.4 BILLION.  Full Article

Freddie Mac Says Entered Into New Compensation Arrangement With Donald F. Kish In Recognition Of Service As Interim CFO
Saturday, 22 Feb 2020 

Feb 21 (Reuters) - Federal Home Loan Mortgage Corp ::FREDDIE MAC - ENTERED INTO NEW COMPENSATION ARRANGEMENT WITH DONALD F. KISH IN RECOGNITION OF SERVICE AS INTERIM CFO.FREDDIE MAC - UNDER COMPENSATION ARRANGEMENT, KISH WILL ACCRUE SPECIAL AWARD OF $50,000 PER MONTH, BEGINNING DEC 19, 2019.FREDDIE MAC - KISH'S NEW COMPENSATION ARRANGEMENT TO CONTINUE THROUGH LAST BUSINESS DAY BEFORE DATE ON WHICH PERMANENT CFO BEGINS EMPLOYMENT.FREDDIE MAC - KISH WILL RECEIVE SPECIAL AWARD OF $50,000 PER MONTH IN 2 EQUAL INSTALLMENTS.  Full Article

Freddie Mac Multifamily 2020 Outlook Projects Originations Will Grow To $390 Billion
Monday, 13 Jan 2020 

Jan 13 (Reuters) - Federal Home Loan Mortgage Corp ::FREDDIE MAC MULTIFAMILY 2020 OUTLOOK PROJECTS ORIGINATIONS WILL GROW TO $390 BILLION.FREDDIE MAC - BELIEVE MOST LIKELY SCENARIO FOR 2020 IS ONE OF CONTINUED GROWTH IN MULTIFAMILY MARKET.FREDDIE MAC - "WHILE THERE ARE SEVERAL ECONOMIC UNCERTAINTIES THAT COULD IMPACT BROADER ECONOMY, FUNDAMENTALS BACKING MULTIFAMILY REMAIN SOLID.".FREDDIE MAC - 2020 RENT GROWTH WILL CONTINUE AT LEVELS JUST ABOVE HISTORIC AVERAGE.FREDDIE MAC - MULTIFAMILY CONSTRUCTION WILL REMAIN ELEVATED THROUGH 2020 AND INTO 2021.  Full Article

Freddie Mac Says CFO James Mackey To Step Down
Friday, 20 Dec 2019 

Dec 19 (Reuters) - Federal Home Loan Mortgage Corp ::FREDDIE MAC - ON DEC. 18, JAMES MACKEY, EXECUTIVE VICE PRESIDENT, CFO, NOTIFIED FREDDIE MAC THAT HE WILL STEP DOWN FROM HIS POSITION.FREDDIE MAC SAYS DONALD KISH WILL SERVE AS INTERIM CFO, EFFECTIVE DEC 19 - SEC FILING.  Full Article

Freddie Mac Says Mortgage Rates Remain Flat
Thursday, 19 Dec 2019 

Dec 19 (Reuters) - Federal Home Loan Mortgage Corp ::MORTGAGE RATES REMAIN FLAT.FREDDIE MAC - IMPROVEMENTS IN HOUSING MARKET SALES VOLUMES WILL BE MODEST HEADING INTO 2020 SIMPLY DUE TO LACK OF AVAILABLE INVENTORY.FREDDIE MAC - "DEMAND IS CLEARLY NOT BEING MET FOR ENTRY-LEVEL MILLENNIALS AND TRADE-UP GENERATION X HOME BUYERS".FREDDIE MAC - "IF THERE WAS MORE INVENTORY OF UNSOLD HOMES FOR BUYERS TO CHOOSE FROM, HOME SALES WOULD BE RISING AT A FASTER RATE".  Full Article

Moody's Says Outlook For U.S. Commercial Mortgage-Backed Securities Sector Steady In 2020 Despite Elevated Late-Cycle Risks
Thursday, 12 Dec 2019 

Dec 12 (Reuters) - Moody's::MOODY'S SAYS OUTLOOK FOR U.S. COMMERCIAL MORTGAGE-BACKED SECURITIES (CMBS) SECTOR STEADY IN 2020 DESPITE ELEVATED LATE-CYCLE RISKS.MOODY'S SAYS CREDIT QUALITY OF NEW CONDUIT CMBS WILL BE GENERALLY STABLE IN 2020 DESPITE MORE AGGRESSIVE RECENT UNDERWRITING.MOODY'S SAYS LOAN DEFAULTS AMONG EXISTING COMMERCIAL REAL ESTATE (CRE) 2.0 TRANSACTIONS WILL RISE MODESTLY IN 2020.MOODY'S SAYS DESPITE PLANS TO PRIVATIZE FANNIE MAE AND FREDDIE MAC, THE FREDDIE MAC K-SERIES MULTIFAMILY LENDING PROGRAM WILL REMAIN ROBUST IN 2020.  Full Article

Fannie Mae & Freddie Mac Announce Appointment Of Anthony Renzi As CEO Of Common Securitization Solutions
Friday, 6 Dec 2019 

Dec 5 (Reuters) - Federal National Mortgage Association ::FANNIE MAE - CO, FREDDIE MAC JOINTLY ANNOUNCED APPOINTMENT OF ANTHONY RENZI AS CEO OF COMMON SECURITIZATION SOLUTIONS LLC, EFFECTIVE DECEMBER 2.FANNIE MAE - RENZI SUCCEEDS DAVID APPLEGATE AS CEO OF COMMON SECURITIZATION SOLUTIONS LLC.  Full Article

Fannie Mae Releases October 2019 Monthly Summary
Thursday, 28 Nov 2019 

Nov 27 (Reuters) - Federal National Mortgage Association ::FANNIE MAE RELEASES OCTOBER 2019 MONTHLY SUMMARY.FANNIE MAE - FANNIE MAE'S GUARANTY BOOK OF BUSINESS INCREASED AT A COMPOUND ANNUALIZED RATE OF 2.3% IN OCTOBER.FANNIE MAE - THE CONVENTIONAL SINGLE-FAMILY SERIOUS DELINQUENCY RATE DECREASED 1 BASIS POINT TO 0.67% IN OCTOBER.FANNIE MAE - THE MULTIFAMILY SERIOUS DELINQUENCY RATE DECREASED 2 BASIS POINTS TO 0.04% IN OCTOBER.FANNIE MAE - IN OCTOBER 2019, FANNIE MAE ISSUED RESECURITZATIONS THAT WERE BACKED BY $11.7 BILLION IN FREDDIE MAC SECURITIES.  Full Article

Fannie, Freddie pledge eviction freeze as Fed tweaks capital rule

WASHINGTON Housing giants Fannie Mae and Freddie Mac said on Monday they would freeze mortgage payments on sublet properties provided that landlords agree not to evict their tenants, in another move by regulators to assist borrowers hurt by the coronavirus.