Streetbeat News

FMCC

Federal Home Loan Mortgage Corp

http://www.freddiemac.com/

CEO

David Brickman

Employees

7,301

Industry

Savings Institutions

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

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Low

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Div yield

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52-wk low

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Mortgage rates are nearing 6% following a Federal Reserve rate cut, increasing demand for refinancing and home purchases. ETFs holding mortgage stocks, such as iShares Mortgage Real Estate ETF, VanEck Mortgage REIT Income ETF, and iShares MBS ETF, have seen slight increases.

Portfolio Pulse from Michael Juliano

September 19, 2024 | 10:30 pm

Shares of U.S.-listed mortgage lenders have risen after U.S. regulators allowed Freddie Mac to buy second mortgages, potentially lowering borrowing costs against home equity. The Federal Housing Finance Authority (FHFA) approved a pilot program for Freddie Mac to buy up to $2.5 billion of second mortgages over 18 months.

Portfolio Pulse from Michael Juliano

June 24, 2024 | 11:06 pm

Mortgage rates have fallen for the third consecutive week due to signs of cooling inflation and lower interest rates from the Federal Reserve, according to Freddie Mac. The 30-year fixed mortgage rate averaged 6.87%, down from 6.95% last week, while the 15-year fixed mortgage rate averaged 6.13%, down from 6.03% last week.

Portfolio Pulse from Michael Juliano

June 20, 2024 | 8:12 pm

Mortgage rates have fallen for the second consecutive week due to easing inflation. The average 30-year fixed-rate mortgage is now 6.95%, down from 6.99% the previous week. The Federal Reserve has maintained the federal funds rate range at 5.25% to 5.5%.

Portfolio Pulse from Michael Juliano

June 14, 2024 | 8:31 pm

Keefe, Bruyette & Woods analyst Bose George has upgraded Federal Home Loan (FMCC) from Underperform to Market Perform and increased the price target from $1 to $1.25.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 2:42 pm

Rep. Kevin Hern (R-OK) sold shares of Freddie Mac (OTC:FMCC) for a profit of 42.2% to 48.9%, having bought them earlier in the year. This transaction could intensify discussions about banning stock trades by Congress members, especially as Hern previously violated the STOCK Act by not disclosing 2021 transactions. Freddie Mac is under conservatorship since the 2008 financial crisis.

Portfolio Pulse from Chris Katje

December 08, 2023 | 9:32 pm

A Realtor.com study shows that the average down payment for homes in the U.S. decreased to 13.8% in 2023 from 14.7% in 2022. California cities lead with the highest median down payments, with San Jose-Sunnyvale-Santa Clara at the top with $235,183. Freddie Mac notes PMI costs $30-$70 per month per $100,000 borrowed. Redfin Corp., Zillow Group, Inc., Anywhere Real Estate Inc., and RE/MAX Holdings, Inc. are key players in the real estate market. ETFs like iShares U.S. Real Estate ETF and Real Estate Select Sector SPDR Fund offer diversified exposure to the sector.

Portfolio Pulse from Bibhu Pattnaik

November 19, 2023 | 7:11 pm

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