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2017 HW Tech100 Winner: Freddie Mac

 

INVESTMENTS

Loan Advisor Suite features several tools and capabilities to help lenders achieve new operational efficiencies and improve loan quality.

The solutions suite includes Loan Product Advisor, an automated underwriting system; Loan Collateral Advisor, an appraisal quality and valuation risk tool and Loan Quality Advisor, which assesses loan data to help determine sale eligibility.

The suite also features tools such as Loan Closing Advisor, which helps lenders close loans confidently and reduces repurchase risk related to closing data; Loan Coverage Advisor, which tracks the representation and warranty obligations of loans sold to Freddie Mac, and Business Intelligence, a solution that monitors detailed data to help lenders produce high-quality loans.

freddiemac.com

 

Freddie Mac Prices $241 Million Multifamily K-Deal, K-J12

MCLEAN, VA–(Marketwired – Feb 28, 2017) – Freddie Mac ( OTCQB : FMCC ) recently priced a new offering of Structured Pass-Through Certificates (K Certificates) that are backed by underlying collateral consisting of supplemental multifamily mortgages. The company expects to issue approximately $241 million in K Certificates (K-J12 Certificates), which are expected to settle on or about March 14, 2017.

K-J12 Pricing

Details

  • Lead Manager and Sole Bookrunner: Morgan Stanley Co. LLC
  • Co-Managers: Cantor Fitzgerald  Co., Drexel Hamilton, LLC, Merrill Lynch, Pierce, Fenner Smith Incorporated, and Wells Fargo Securities, LLC

Related Links

The K-J12 Certificates are backed by corresponding classes issued by the FREMF 2017-KJ12 Mortgage Trust (KJ12 Trust) and guaranteed by Freddie Mac. The KJ12 Trust will also issue certificates consisting of the Class B and R Certificates, which will not be guaranteed by Freddie Mac and will not back any class of K-J12 Certificates.

Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities. K-Deals are part of the company’s business strategy to transfer a portion of the risk of losses away from taxpayers and to private investors who purchase the unguaranteed subordinate bonds. K Certificates typically feature a wide range of investor options with stable cash flows and structured credit enhancement.

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, 2016, filed with the Securities and Exchange Commission (SEC) on February 16, 2017; 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, 2016, 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. A description of factors that could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements can be found in the company’s Annual Report on Form 10-K for the year ended December 31, 2016, and its reports on Form 10-Q and Form 8-K, filed with the SEC and available on the Investor Relations page of the company’s Web site at www.FreddieMac.com/investors and the SEC’s Web site at www.sec.gov.

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.

BRIEF-Freddie Mac February 2017 outlook


Feb 28 Federal Home Loan Mortgage Corp

* Freddie Mac February 2017 outlook

* Freddie Mac says recent reports indicate that consumer
price inflation is rising

* Freddie Mac says rising inflation would have a significant
impact on housing markets by driving up mortgage interest rates
in 2017

* Freddie Mac says rapidly rising interest rates have
negative impact on housing mortgage markets causing home sales
mortgage originations to decline significantly

Source text for Eikon:
Further company coverage:

Massachusetts Association of Realtors announces new president …

MEDWAY — Paul Yorkis, president of Patriot Real Estate Inc., was installed Dec. 5, 2016, as president of the 24,000-member Massachusetts Association of Realtors for 2017. The event took place at the Edward M. Kennedy Institute in Boston, and included the installation of the MAR board of directors and executive committee. Yorkis’ term officially began on Jan. 1.
As president, Yorkis will direct the internal and external activities of the association; preside at all meetings of the MAR board of directors and executive committee; represent the association at important meetings and business functions; and act as the official spokesperson for the association on issues related to the real estate industry and local housing market.
Prior to starting his term as president, Yorkis served the MAR president-elect and the chairperson of the RPAC board of trustees. He was the MAR government affairs vice president in 2015. Yorkis is a member of the executive, finance and professional standards committees. Yorkis also served as the federal political coordinator for Rep. Joe Kennedy in 2013, the year Kennedy was elected the U.S. Representative for Massachusetts’s 4th Congressional District. In 2011, Yorkis was named Massachusetts Realtor of the Year.
At the local level, Yorkis is a member of the board of directors for the Greater Boston Real Estate Board. He is also a member of the professional standards committee and rental issues task force. Yorkis is also a certified professional standards mediator for GBAR.
At the national level, Yorkis served on the NAR board of directors. He is a member of the professional standards, public policy coordinating and state and local issues policy committees. Yorkis is a founding member of the Charitable Foundation Roundtable Exchange, and past director of the Disaster Relief Foundation.

Deana Stolpe Earns NAR Designation

VALPARAISO – Deana Stolpe with Stolpe Real Estate has earned the nationally recognized Seniors Real Estate Specialist® designation from the Seniors Real Estate Specialist Council of the National Association of Realtors®.

Deana joins more than 15,000 real estate professionals in North America who have earned the SRES® designation.  All were required to successfully complete a comprehensive course in understanding the needs, considerations, and goals of real estate buyers and sellers aged 55 and older.

Working with seniors to meet their housing needs requires an expert understanding of their lifestyle and financial needs, and the SRES® designation means that a Realtor® has that understanding. Whether they are buying, selling relocating or refinancing, seniors can be confident that Deana, a Realtor® designated SRES,® will be able to help them every step of the way.

SRES® Council, founded in 2007, is the world’s largest association of real estate professionals focusing specifically on representing senior clients in real estate transactions. There are more than 15,000 active members of the organization world-wide.

The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing more than 1.1 million members involved in all aspects of the residential and commercial real estate industries.

For more information, visit SRES.org.

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