Posts Tagged Freddie mac


Freddie Mac names Stacey Goodman chief information officer

Freddie Mac has announced Stacey Goodman will join the company as executive vice president and chief information officer in September. Goodman will be a member of the senior operating committee and will report directly to CEO Donald Layton. She brings more than 25 years of technology experience in the financial services industry to Freddie Mac. […]

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Freddie Mac: Mortgage rates continue to hold amidst economic uncertainty

Mortgage rates remained largely unchanged this week amidst the lingering sense of economic uncertainty, according to the weekly Primary Mortgage Market Survey from Freddie Mac. “Following a mild decline last week, the 10-year Treasury yield rose 1 basis point this week,” Freddie Mac Chief Economist Sean Becketti said. “The 30-year mortgage rate similarly remained relatively […]

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Mortgage Rates Ridiculously Low, Freddie Mac Confirms

Shutterstock photo (RTTNews.com) – Mortgage rates are continuing to hold at low levels amidst ongoing economic uncertainty, mortgage provider Freddie Mac announced Thursday. The 30-year fixed-rate mortgage averaged 3.89% with an average 0.4 point during the week ending August 17, down from 3.90% in the prior week. It is now just one basis point above […]

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Lenders React to Freddie Mac Policy Change Affecting 1% Down Programs

Freddie Mac recently updated the requirements for its Home Possible Advantage low down payment mortgage program by prohibiting lenders from applying gifts or grants directly to the 3% minimum down payment requirement. As per a July 26 bulletin, the government-sponsored enterprise (GSE) is revising its requirements “to state that gifts or grants from the seller […]

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Freddie Mac economist: If housing is affordable, why is homeownership out of reach?

Despite housing affordability being near-record highs, homeownership still feels completely out of reach for many people, Sean Becketti, Freddie Mac vice president and chief economist, stated in a blog. Becketti referenced how the National Association of Realtors’ Housing Affordability Index currently sits near-record highs, and yet most news headlines talk about an affordability crisis in the country. […]

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Fannie, Freddie continue efforts to reduce mortgage portfolio

Most Read The Many Ways to Be Relieved of Your Timeshare Obligations While it is true that a timeshare contract is a binding legal document, it is often mistakenly thought that such a contract cannot only be cancelled. In fact, most timeshare companies maintain that their contracts are non – cancellable. This misconception is perpetuated […]

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Freddie Mac Prices $643 Million Multifamily K-Deal, K-BF1, Backed by Properties Controlled by Brookfield Asset …

MCLEAN, VA–(Marketwired – Aug 15, 2017) – Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), backed by floating-rate multifamily mortgages with seven-year terms. The approximately $643 million in K Certificates (K-BF1 Certificates) are backed by five properties indirectly controlled by Brookfield Asset Management. K-BF1 is expected to settle […]

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Freddie Mac Wraps Up $2.47 Billion SCRT Offering

Freddie Mac has completed its third Seasoned Credit Risk Transfer (SCRT) offering – a rated securitization of approximately $2.47 billion of both guaranteed senior and unguaranteed subordinate securities. The SCRT securitization program is a part of Freddie Mac’s seasoned loan offerings, designed to reduce less liquid assets in its mortgage-related investments portfolio and shed credit […]

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Freddie economist: If housing is affordable, why is homeownership …

Despite housing affordability being near-record highs, homeownership still feels completely out of reach for many people, Sean Becketti, Freddie Mac vice president and chief economist, stated in a blog. Becketti referenced how the National Association of Realtors’ Housing Affordability Index currently sits near-record highs, and yet most news headlines talk about an affordability crisis in the country. […]

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Investors Take On Mortgage Risk From Fannie Mae, Freddie Mac …

Investors are snapping up securities sold by Fannie Mae and Freddie Mac that shift mortgage default risk away from taxpayers, powering a quiet transformation of the housing giants after almost a decade of government control. Fannie and Freddie have sold roughly $48 billion of the securities since 2013, transferring a large measure of risk on […]

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