Key Developments: Federal Home Loan Mortgage Corp (FMCC.OB)

FMCC.OB on OTC BB

2.38USD
26 Nov 2014
Price Change (% chg)

$-0.03 (-1.24%)
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$2.41
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Latest Key Developments (Source: Significant Developments)

Federal National Mortgage Association (Fannie Mae) announces fifth multifamily K certificates offering
Tuesday, 29 Apr 2014 09:06am EDT 

Federal National Mortgage Association (Fannie Mae):Says new offering of Structured Pass-Through Certificates (K Certificates) backed primarily by fixed-rate multifamily mortgages with a 7-year term.Expects to offer about $1.2 bln in K Certificates (K-715 Certificates), which are expected to price the week of April 28, 2014, and settle on or about May 13, 2014.K-715 Certificates will be offered to the market by a syndicate of dealers led by Barclays Capital Inc. and Credit Suisse Securities (USA) LLC as co-lead managers and joint bookrunners.Guggenheim Securities, LLC, Jefferies LLC, Stern Brothers & Co. and Wells Fargo Securities, LLC will serve as co-managers.  Full Article

Morgan Stanley to pay $1.25 bln to resolve mortgage lawsuit regulator for Federal National Mortgage Association and Federal Home Loan Mortgage Corp-Reuters
Tuesday, 4 Feb 2014 04:56pm EST 

Morgan Stanley:Would pay $1.25 billion to the U.S. regulator for Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corp (Freddie Mac) to settle a lawsuit over mortgage-backed securities-Reuters.  Full Article

Federal Home Loan Mortgage Corp Announces Settlement With Deutsche Bank
Friday, 20 Dec 2013 09:30am EST 

Federal Home Loan Mortgage Corp:Says in conjunction with Fannie Mae and FHFA, has entered into an agreement with Deutsche Bank Securities, Inc. and certain affiliated entities.Says in order to settle claims related to investments by Freddie Mac and Fannie Mae in certain residential non-agency mortgage-related securities.Says the agreement will settle litigation previously initiated by FHFA against Deutsche Bank and also certain repurchase obligations with respect to the loans in these securities.Says Deutsche Bank will make a total payment of $1.925 bln, of which about $1.628 billion is expected to be paid to Freddie Mac and will be reflected in the company's fourth quarter results.  Full Article

Federal Home Loan Mortgage Corp to sell $2.25 bin of bills - Reuters
Monday, 9 Dec 2013 08:46am EST 

Federal Home Loan Mortgage Corp:Says it will sell $2.25 billion of reference bills on Dec. 09 - Reuters.Says it plans to sell $250 million of one-month bills due Jan. 6, 2014, $1 billion of three-month bills due Mar. 10, 2014, and $1 billion of six-month bills due June 9, 2014.Says bills will be sold over the Internet in a Dutch auction.  Full Article

Federal Home Loan Mortgage Corp to sell $2.0 bln in bills - Reuters
Monday, 2 Dec 2013 08:42am EST 

Federal Home Loan Mortgage Corp:Says it will sell $2.0 billion of reference bills on Dec. 02. - Reuters.Says it plans to sell $1.0 billion of three-month bills due March 3, 2014, and $1.0 billion of six-month bills due June 2, 2014.Says the bills will be sold over the Internet in a Dutch auction.  Full Article

Federal Home Loan Mortgage Corp announces settlement with bank of america
Monday, 2 Dec 2013 07:45am EST 

Federal Home Loan Mortgage Corp:Says it has entered into a settlement agreement with Bank of America concerning Freddie Mac's claims related to representations and warranties on single family loans sold to Freddie Mac.Says under the terms of the agreement, Bank of America agreed to pay Freddie Mac a total of $404 million.Says Freddie Mac, subject to specified limitations and exclusions, will release Bank of America from certain existing and future repurchase obligations for approximately 716,000 loans originated primarily between 2000 and 2009, and subsequently purchased by Freddie Mac.Says the payment to Freddie Mac also compensates Freddie Mac for certain past losses and potential future losses relating to denials, rescissions and cancellations of mortgage insurance.  Full Article

Federal Home Loan Mortgage Corp to sell $3 billion in bills - Reuters
Monday, 25 Nov 2013 08:36am EST 

Federal Home Loan Mortgage Corp:Says it will sell $3 billion of reference bills on Monday - Reuters.Says it plans to sell $1 billion of three month bills due Feb. 24, 2014, and $2 billion of six-month bills due May 27, 2014.Says the bills will be sold over the Internet in a Dutch auction.Says successful bidders pay only the price of the lowest accepted bid rather than the actual price as in a conventional multiple-price auction.  Full Article

Federal Home Loan Mortgage Corp (Freddie Mac) To Sell $3.0 Billion In Bills - Reuters
Monday, 18 Nov 2013 08:50am EST 

Reuters reported that Federal Home Loan Mortgage Corp (Freddie Mac), said it will sell $3.0 billion of reference bills on November 18, 2013. Freddie Mac said it plans to sell $1.0 billion of three-month bills due February 18, 2014, $1.0 billion of six-month bills due May 19, 2014 and $1.0 billion of 12 month bills due November 17, 2014. The bills will be sold over the Internet in a Dutch auction. In such uniform price auctions, bidders pay only the price of the lowest accepted bid rather than the actual price as in a conventional multiple-price auction. Settlement is November 19, 2013.  Full Article

Federal Home Loan Mortgage Corp To Sell $3.0 Billion In Bills-Reuters
Monday, 4 Nov 2013 09:08am EST 

Reuters reported that Federal Home Loan Mortgage Corp (Freddie Mac) said it will sell $3.0 billion of reference bills on Monday. Freddie Mac said it plans to sell $1.0 billion of three-month bills due February 3, 2014, $1.0 billion of six-month bills due May 5, 2014 and $1.0 billion of 12-month bills due November 3, 2014. Settlement is November 5th.  Full Article

Federal Home Loan Mortgage Corp (Freddie Mac) Sells $2.25 Billion In Bills At Mixed Rates-Reuters
Monday, 28 Oct 2013 10:24am EDT 

Reuters reported that Federal Home Loan Mortgage Corp (Freddie Mac), on October 28, 2013 said it sold $2.25 billion of reference bills at mixed interest rates and mixed demand compared with the most recent sales of similar maturities and comparable amounts. Freddie Mac sold $1 billion of three-month bills, due January 27, 2014, at a 0.044% rate, down from the 0.050% rate for $1 billion three-month bills sold October 21. The Company sold $1 billion of six-month bills, due April 28, 2014, at a 0.093% rate, also down from the 0.100% rate for $1 billion six-month bills auctioned a week ago.  Full Article

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Fannie Mae, Freddie Mac adjust loan repurchase rules

- Fannie Mae and Freddie Mac said on Thursday they have revised their representation and warranty framework in an attempt to reduce concerns among lenders about the risk on buying back loans sold to the two federal mortgage finance agencies.

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