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Federal Home Loan Mortgage Corp (FMCC.PK)

FMCC.PK on OTC Markets Group

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Latest Key Developments (Source: Significant Developments)

Freddie Mac Issues Monthly Volume Summary For September 2019
Friday, 25 Oct 2019 

Oct 24 (Reuters) - Federal Home Loan Mortgage Corp ::FREDDIE MAC ISSUES MONTHLY VOLUME SUMMARY FOR SEPTEMBER 2019.FREDDIE MAC - TOTAL MORTGAGE PORTFOLIO INCREASED AT AN ANNUALIZED RATE OF 10.7% IN SEPTEMBER..FREDDIE MAC - SINGLE-FAMILY REFINANCE-LOAN PURCHASE AND GUARANTEE VOLUME WAS $22.2 BILLION IN SEPTEMBER.FREDDIE MAC - MORTGAGE-RELATED SECURITIES AND OTHER MORTGAGE-RELATED GUARANTEES INCREASED AT AN ANNUALIZED RATE OF 6.4% IN SEPTEMBER.FREDDIE MAC - SINGLE-FAMILY SERIOUSLY DELINQUENT RATE REMAINED FLAT AT 61 BASIS POINTS IN SEPTEMBER.FREDDIE MAC - MULTIFAMILY DELINQUENCY RATE REMAINED FLAT AT 4 BASIS POINTS IN SEPTEMBER.FREDDIE MAC- AS OF SEPTEMBER, MAXIMUM EXPOSURE TO FANNIE MAE-ISSUED COLLATERAL THAT WAS INCLUDED IN CO'S ISSUED RESECURITIZATIONS WAS ABOUT $14.6 BILLION.  Full Article

Freddie Mac Names Frank Nazzaro Chief Information Officer
Friday, 18 Oct 2019 

Oct 17 (Reuters) - Federal Home Loan Mortgage Corp ::FREDDIE MAC NAMES FRANK NAZZARO CHIEF INFORMATION OFFICER.FREDDIE MAC - FRANK NAZZARO HAS BEEN ACTING CIO SINCE MAY 2019.  Full Article

Freddie Mac Says David Lowman To Step Down As Executive VP Of Single-Family Business
Tuesday, 8 Oct 2019 

Oct 8 (Reuters) - Federal Home Loan Mortgage Corp ::FREDDIE MAC ANNOUNCES SINGLE-FAMILY LEADERSHIP CHANGES.FREDDIE MAC - DAVID LOWMAN WILL BE STEPPING DOWN AS EXECUTIVE VICE PRESIDENT OF SINGLE-FAMILY BUSINESS.FREDDIE MAC - DONNA CORLEY, SENIOR VP AND SINGLE-FAMILY CHIEF RISK OFFICER, WILL BE NAMED INTERIM HEAD OF SINGLE-FAMILY.FREDDIE MAC - SEARCH FOR A REPLACEMENT FOR SINGLE-FAMILY LEADERSHIP WILL CONSIDER EXTERNAL AND INTERNAL CANDIDATES.  Full Article

Freddie Mac Says Entered Into Letter Agreement With U.S. Department Of Treasury
Wednesday, 2 Oct 2019 

Oct 1 (Reuters) - Federal Home Loan Mortgage Corp ::FREDDIE MAC SAYS ON SEPT. 27, CO AND U.S. DEPARTMENT OF TREASURY ENTERED INTO A LETTER AGREEMENT - SEC FILING.FREDDIE MAC - FOR EACH DIVIDEND PERIOD FROM JULY 1 & THEREAFTER, APPLICABLE CAPITAL RESERVE AMOUNT USED IN DETERMINING DIVIDEND PAYABLE TO TREASURY WILL BE $20.0 BILLION.FREDDIE MAC - CO, TREASURY TO NEGOTIATE & EXECUTE ADDITIONAL AMENDMENT TO AMENDED & RESTATED SENIOR PREFERRED STOCK PURCHASE AGREEMENT DATED SEPT. 26, 2008.  Full Article

Freddie Mac Says Housing To Remain Strong Heading Into The Fall
Tuesday, 1 Oct 2019 

Sept 30 (Reuters) - Federal Home Loan Mortgage Corp ::FREDDIE MAC SEPTEMBER FORECAST: HOUSING TO REMAIN STRONG HEADING INTO THE FALL.FREDDIE MAC - HOUSE PRICE FORECAST REMAINS UNCHANGED AND IS EXPECTED TO APPRECIATE 3.4% IN 2019, IN LINE WITH LONG TERM GROWTH.FREDDIE MAC - "DESPITE FEARS OF AN ECONOMIC SLOWDOWN, HOUSING MARKET CONTINUES TO BE A BRIGHT SPOT IN ECONOMY.".FREDDIE MAC - MORTGAGE ORIGINATIONS WILL REACH $2.1 TRILLION IN 2019.FREDDIE MAC - EXPECT 30-YEAR FIXED-RATE MORTGAGE TO REMAIN BELOW 4.0% FOR REMAINDER OF 2019.FREDDIE MAC - EXPECT SLIGHTLY HIGHER ANNUAL MORTGAGE ORIGINATION LEVELS OF $2.1 TRILLION AND $1.8 TRILLION IN 2019 AND 2020, RESPECTIVELY.FREDDIE MAC - WHILE MORTGAGE RATES HAVE TICKED UP IN RECENT WEEKS, THEY REMAIN LOWER THAN THEY WERE A YEAR AGO.  Full Article

Freddie Mac Prices $1.2 Billion Multifamily K-Deal, K-097
Thursday, 12 Sep 2019 

Sept 12 (Reuters) - Federal Home Loan Mortgage Corp ::FREDDIE MAC PRICES $1.2 BILLION MULTIFAMILY K-DEAL, K-097.FREDDIE MAC - EXPECTS TO ISSUE ABOUT $1.2 BILLION IN K CERTIFICATES (K-097 CERTIFICATES), WHICH ARE EXPECTED TO SETTLE ON OR ABOUT SEPTEMBER 24.FREDDIE MAC-PRICED OFFERING OF K CERTIFICATES BACKED BY UNDERLYING COLLATERAL MADE OF FIXED-RATE MULTIFAMILY MORTGAGES WITH PREDOMINANTLY 10-YEAR TERMS.  Full Article

Fitch Upgrades Freddie Mac's Commercial Servicer Ratings
Friday, 6 Sep 2019 

Sept 6 (Reuters) - Fitch:FITCH UPGRADES FREDDIE MAC'S COMMERCIAL SERVICER RATINGS.FITCH UPGRADED COMMERCIAL MORTGAGE SERVICER RATINGS OF FREDDIE MAC'S MULTIFAMILY DIVISION; --COMMERCIAL MASTER SERVICER RATING TO 'CMS1-' FROM 'CMS2+'.FITCH UPGRADED COMMERCIAL MORTGAGE SERVICER RATINGS OF FREDDIE MAC'S MULTIFAMILY DIVISION: COMMERCIAL SPECIAL SERVICER RATING TO 'CSS2+' FROM 'CSS2'.FITCH SAYS UPGRADE OF FREDDIE MAC'S COMMERCIAL SERVICER RATINGS REFLECTS EXPERIENCED & TENURED MANAGEMENT WITH LOW TURNOVER.  Full Article

Fitch says U.S. Treasury Takes Long Road On GSE Reform
Friday, 6 Sep 2019 

Sept 6 (Reuters) - Fitch::FITCH SAYS U.S. TREASURY TAKES LONG ROAD ON GSE REFORM.FITCH SAYS RECENTLY ISSUED PLAN TO REFORM HOUSING GSES FANNIE MAE AND FREDDIE MAC IS LIKELY TO TAKE MEANINGFUL TIME TO COME TO FRUITION.FITCH - EVEN IF ADMINISTRATIVE ACTIONS OUTLINED IN PLAN ARE ACTED ON, FITCH DOES NOT EXPECT IMPACT TO GSES' CREDIT RATINGS IN SHORT-TO-MEDIUM TERM.FITCH, ON GSE REFORM, SAYS STEPS TO BE TAKEN BEFORE AMENDING TREASURY'S SENIOR PREFERRED STOCK PURCHASE AGREEMENT WOULD REQUIRE MODERATE LEVEL OF TIME.FITCH SAYS "QUESTIONS ABILITY FOR NEW GUARANTORS TO EFFECTIVELY CHALLENGE FANNIE AND FREDDIE'S DOMINANCE IN MARKET".FITCH SAYS WHILE AGENCIES WILL BE PRESSED TO MAKE GSE REFORM A TOP PRIORITY, LEVEL OF COORDINATION EFFORTS WILL TAKE COULD TAKE A NUMBER OF YEARS.FITCH - GSE REFORM PLAN HAS NUMBER OF LEGISLATIVE RECOMMENDATIONS THAT COULD RESULT IN SIGNIFICANT CHANGE IN COMPETITIVE LANDSCAPE OF MORTGAGE MARKET.FITCH SAYS CONSIDERS POSSIBILITY OF MORE SWEEPING GSE LEGISLATIVE REFORMS TO BE REMOTE IN CURRENT POLITICAL ENVIRONMENT.  Full Article

Fannie Mae Says Conventional Single-Family Serious Delinquency Rate Decreased 3 Basis Points To 0.67% In July
Saturday, 31 Aug 2019 

Aug 30 (Reuters) - Federal National Mortgage Association ::FANNIE MAE - CONVENTIONAL SINGLE-FAMILY SERIOUS DELINQUENCY RATE DECREASED 3 BASIS POINTS TO 0.67% IN JULY.FANNIE MAE - MULTIFAMILY SERIOUS DELINQUENCY RATE INCREASED 2 BASIS POINTS TO 0.07% IN JULY..FANNIE MAE - FANNIE MAE'S GUARANTY BOOK OF BUSINESS INCREASED AT A COMPOUND ANNUALIZED RATE OF 6.8% IN JULY..FANNIE MAE - IN JULY 2019, FANNIE MAE ISSUED RESECURITZATIONS THAT WERE BACKED BY $7.4 BILLION IN FREDDIE MAC SECURITIES..FANNIE MAE - AS OF JULY 31, MAXIMUM EXPOSURE TO FREDDIE MAC COLLATERAL THAT WAS INCLUDED IN OUTSTANDING FANNIE MAE RESECURITIZATIONS WAS $14.2 BILLION.  Full Article

Freddie Mac August Forecast Low Mortgage Rates,Strong Labor Market Fueling Housing Market
Wednesday, 28 Aug 2019 

Aug 28 (Reuters) - Federal Home Loan Mortgage Corp ::FREDDIE MAC AUGUST FORECAST: LOW MORTGAGE RATES, STRONG LABOR MARKET FUELING HOUSING MARKET.DESPITE FEARS OF AN ECONOMIC SLOWDOWN, U.S. LABOR MARKET STANDS FIRM..FOR FULL YEAR 2019, EXPECT GDP GROWTH OF 2.2%, WITH TRADE TENSIONS LIKELY HAVING A VISIBLE IMPACT ON SECOND HALF OF YEAR.FOR FULL YEAR 2019, EXPECT GDP GROWTH OF 2.2%, WITH TRADE TENSIONS LIKELY HAVING A VISIBLE IMPACT ON SECOND HALF OF YEAR.EXPECT HOME SALES TO BE 5.94 MILLION IN 2019, BEFORE REACHING NEAR-2017 LEVELS IN 2020, AT 6.04 MILLION..HOUSE PRICE FORECAST REMAINS UNCHANGED AND IS EXPECTED TO APPRECIATE 3.4% IN 2019.EXPECT HIGHER ANNUAL MORTGAGE ORIGINATION LEVELS OF $2 TRILLION AND $1.8 TRILLION IN 2019 & 2020, RESPECTIVELY.SINGLE-FAMILY HOUSING STARTS FORECAST HAS DECREASED SLIGHTLY TO 870,000 NEW HOMES IN 2019 AND 940,000 IN 2020, RESPECTIVELY.  Full Article

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Goldman Sachs settles bond-rigging lawsuit

NEW YORK Goldman Sachs Group Inc agreed to pay $20 million to resolve claims by investors that it conspired to rig prices of bonds issued by Fannie Mae and Freddie Mac.