Posts Tagged Freddie mac


US 30-year mortgage rates fall back below 4 percent: Freddie Mac

NEW YORK (Reuters) – Interest rates on U.S. 30-year mortgages dropped back below 4 percent this week in line with a drop in Treasury yields, retreating from their highest levels in two months, Freddie Mac said on Thursday. The borrowing cost on 30-year mortgages, the most widely held type of U.S. home loan, averaged 3.96 […]

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Pillar Provides Freddie Mac Loan for Richmond Community – Multi

Pillar Financial, a division of SunTrust Bank, has originated a $10.4 million Freddie Mac loan on behalf of a local private investment group for the acquisition of Falling Creek, a 31-building multifamily community in Richmond, Va. Falling Creek is located at 2530 Marina Drive in the Bellwood submarket and features 348 one- and two-bedroom units, […]

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Freddie Mac Prices $1 Billion Multifamily K-Deal, K-SW2, Backed by Properties Controlled by Starwood Capital Group

MCLEAN, VA–(Marketwired – Jul 19, 2017) – Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), backed by floating rate multifamily mortgages with ten-year terms. The company expects to issue approximately $1 billion in K Certificates (K-SW2 Certificates), which are backed by 36 properties indirectly controlled by Starwood Capital […]

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Hunt Mortgage Group Provides a Freddie Mac Small Balance Loan to Refinance a Multifamily Property in Detroit …

The Borrower is Pasadena Investments, LLC, a single-asset Limited Liability Company backed by Scot Turnbull and his brother Craig Turnbull. The loan is a ten-year fixed-rate loan, with three years of interest-only followed by 30 years of amortization.  “The borrower is a first time Hunt Mortgage Group and Freddie Mac sponsor,” noted Josh Messier, Director, […]

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Freddie Mac Prices New $3 Billion Two-Year Reference Notes Security

MCLEAN, VA–(Marketwired – Jul 18, 2017) – Freddie Mac (OTCQB: FMCC) announced today that it priced its new 1.375% two-year USD Reference Notes® security due on August 15, 2019. The issue, CUSIP number 3134EAEH8, was priced at 99.853 to yield 1.447%, 9.5 basis points more than the yield on two-year U.S. Treasury Notes. The issue […]

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Fannie Mae and Freddie Mac Would Be Privatized Under Proposed …

House Republicans want to privatize Fannie Mae and Freddie Mac as part of their 2018 budget proposal. GOP members of the House of Representatives on Tuesday unveiled their 2018 budget. Dubbed “Building a Better America” and authored by Budget Chairman Diane Black (R-TN), the plan calls for more than $200 billion in cuts to mandatory […]

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Freddie Mac Announces the Issuance of a New Two-Year Reference Notes Security

MCLEAN, VA–(Marketwired – Jul 17, 2017) –  Freddie Mac (OTCQB: FMCC) announced today that it plans to issue a new two-year USD Reference Notes® security, CUSIP number 3134EAEH8, due on Aug. 15, 2019. The issue will be priced on Tuesday, July 18, 2017, and will settle on Wednesday, July 19, 2017, at benchmark size. The […]

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Freddie Mac loan finances $20.3M apartment building acquisition

The Columns at East Bay apartment complex in Largo A buyer used Freddie Mac financing to acquire a garden-style apartment building in Largo for $20.3 million. Insula Capital bought the 196-unit property, called Columns at East Bay, from ECI Group Inc. for about $103,500 per apartment. Insula financed the acquisition with a three-year $17.77 million […]

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Freddie Mac Prices $1.1 Billion Multifamily K-Deal, K-065

MCLEAN, VA, Jul 14, 2017 (Marketwired via COMTEX) — MCLEAN, VA–(Marketwired – Jul 14, 2017) – Freddie Mac (otcqb:FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are multifamily mortgage-backed securities. The company expects to issue approximately $1.1 billion in K Certificates (K-065 Certificates), which are expected to settle on or […]

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Freddie Mac: Mortgage rates top 4% for first time since May

Mortgage rates surpassed the psychological 4% mark for the first time since May as it increased seven basis points. “After fully absorbing the sharp increases in Treasury yields over the past couple of weeks, the 30-year mortgage rate has cleared the psychologically important 4% mark for the first time since May,” Freddie Mac Chief Economist […]

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