Posts Tagged Freddie mac


Latest congressional plan would break Frannie into pieces

According to Bloomberg, Republican Bob Corker and Democrat Mark Warner are working on a bipartisan overhaul of Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) that would break up the mortgage players. Bloomberg’s source cautions that the plan is still under development, and no final decisions on the proposal have been made. One clear goal for […]

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BRIEF-Freddie Mac announces $500 mln reopening of 1.375% reference notes security due May 1, 2020

June 26 Federal Home Loan Mortgage Corp : * Freddie Mac announces $500 million reopening of 1.375% reference notes security due May 1, 2020 * ‍$500 million reopening of 1.375% reference notes security, CUSIP 3137EADR7, will be conducted via internet-based dutch auction​ * After reopening, outstanding size will be $3.5 billion Source text for Eikon: […]

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Freddie Mac Prices $500 Million Reopening of 1.375% Seven-Year Reference Notes Security

MCLEAN, VA, Jun 26, 2017 (Marketwired via COMTEX) — MCLEAN, VA–(Marketwired – Jun 26, 2017) –  Freddie Mac (otcqb:FMCC) announced today that it auctioned a $500 million reopening of its 1.375% seven-year USD Reference Notes® security that matures on May 1, 2020. The stop yield for the issue, CUSIP 3137EADR7, was 1.528%, priced at 99.575. The bid-to-cover […]

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Home Appraisals | Fannie Mae | Freddie Mac – The Real Deal

The headquarters of Freddie Mac are seen October 21, 2010 in McLean, Virginia. (Photo by Win McNamee/Getty Images) Do we always need an appraiser to tell us what a house is worth? The two biggest sources of mortgage financing in the country — Freddie Mac and Fannie Mae — think not. With no formal public […]

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Freddie Mac completes $292 million sale of previously modified …

Freddie Mac announced Tuesday that it completed the previously announced sale of approximately $292 million in previously modified loans from its investment portfolio to Towd Point Master Funding. This sale included 1,262 seasoned re-performing loans and moderately delinquent loans that are currently serviced by Select Portfolio Servicing. The pool of loans is comprised of fixed- […]

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BRIEF-Freddie Mac prices $974 million multifamily K-deal, K-726

June 23 Federal Home Loan Mortgage Corp * Freddie Mac prices $974 million multifamily K-deal, K-726 * Expects to issue approximately $974 million in K-726 certificates, which are expected to settle on or about June 29, 2017 Source text for Eikon: Further company coverage:

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PHH finalizes sale of Freddie Mac mortgage servicing rights portfolio …

At the end of last year, PHH announced that it planned to sell off its entire mortgage servicing rights portfolio in a massive deal with New Residential Investment. Now, that process is moving closer to being complete, as PHH disclosed Monday that it recently completed the sale of “substantially all” of its Freddie Mac MSR […]

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Are home appraisals always necessary?

Do we always need an appraiser to tell us what a house is worth? The two biggest sources of mortgage financing in the country — Freddie Mac and Fannie Mae — think not. With no formal public announcement, on June 19 Freddie Mac began phasing in its plan to transition to appraisal-free mortgage for certain […]

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National Cheat Sheet: How Amazon’s Whole Foods deal changes retail, Freddie Mac sells off modified loans … & more

Clockwise from top: Whole Foods, Adam Neumann and Jonathan Gray (Getty) Examining the impact of Amazon’s Whole Foods acquisition The mother of all buyouts went down, and it makes a ton of sense. Amazon’s success, fueled by a market cap of $500 billion, is decimating retail shopping and Whole Foods has been hemorrhaging cash, recently […]

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Freddie Mac Getting Fat

Freddie Mac’s total mortgage portfolio has increased once again, this time rising at an annualized rate of 1.8 percent for the month, according to the government-sponsored entity’s May 2017 Monthly Volume Summary released today. That’s up from the 0.5 percent jump the portfolio experienced in April. Still, despite the uptick, Freddie’s growth rate pales in […]

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