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Federal Home Loan Mortgage Corp (FRE.F)

FRE.F on Frankfurt Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Freddie Mac sees Growing Housing Market Through 2019
Monday, 17 Jun 2019 10:30am EDT 

June 17 (Reuters) - Federal Home Loan Mortgage Corp ::FREDDIE MAC JUNE FORECAST: FAVORABLE MORTGAGE RATES AND STRONG LABOR SITUATION SIGNAL GROWING HOUSING MARKET THROUGH 2019.FREDDIE MAC - LOW MORTGAGE RATES ALONG WITH A STRONG LABOR MARKET WILL HELP HOUSING MARKETS POST MODEST GROWTH OVER NEXT YEAR AND A HALF..FREDDIE MAC - FOR FULL YEAR 2019, EXPECT U.S. GDP GROWTH OF 2.2%..FREDDIE MAC - TRADE TENSIONS & WANING EFFECTS OF LAST YEAR'S FISCAL STIMULUS WILL PUT DOWNWARD PRESSURE ON HOUSING MARKET GROWTH.FREDDIE MAC - EXPECT CONSUMER PRICES TO RISE BY 3.0% AND 2.4% IN SECOND AND Q3 OF 2019, RESPECTIVELY..FREDDIE MAC - HOUSE PRICE APPRECIATION FORECAST TICKED UP AND IS EXPECTED TO GROW TO 3.6% FOR 2019.FREDDIE MAC - EXPECT HOUSING STARTS TO INCREASE TO 1.26 MILLION AND 1.35 MILLION IN 2019 AND 2020, RESPECTIVELY.FREDDIE MAC - EXPECT REFINANCE ORIGINATIONS VOLUME TO RISE AROUND 20% IN 2019.FREDDIE MAC - ANTICIPATE HOME SALES TO REVERSE 2018 SLUMP AND COME IN STRONGER AT 6.03 MILLION IN 2019 AND INCREASE TO 6.19 MILLION IN 2020..FREDDIE MAC - EXPECT MORTGAGE RATES TO FOLLOW TREASURY YIELDS WITH 30-YEAR FIXED-RATE MORTGAGE RATE AVERAGING 4.1% IN 2019.  Full Article

Freddie Mac Sells $22 Million Of Npls In Extended Timeline Pool Offering
Friday, 24 May 2019 10:00am EDT 

May 24 (Reuters) - Federal Home Loan Mortgage Corp ::PRESS RELEASE - FREDDIE MAC SELLS $22 MILLION OF NPLS IN EXTENDED TIMELINE POOL OFFERING.FREDDIE MAC SELLS $22 MILLION OF NPLS IN EXTENDED TIMELINE POOL OFFERING.FREDDIE MAC - SALE IS PART OF FREDDIE MAC'S EXTENDED TIMELINE POOL OFFERING.  Full Article

Freddie Mac Sells $307 Million In Npls
Tuesday, 14 May 2019 09:17am EDT 

May 14 (Reuters) - Federal Home Loan Mortgage Corp ::PRESS RELEASE - FREDDIE MAC SELLS $307 MILLION IN NPLS.FREDDIE MAC - TRANSACTION IS EXPECTED TO SETTLE IN JULY 2019.FREDDIE MAC - BIDS FOR UPCOMING EXTENDED TIMELINE POOL OFFERING ARE DUE FROM QUALIFIED BIDDERS BY MAY 21, 2019.  Full Article

Freddie Mac - Comprehensive Income For Q1 2019 Was $1.7 Billion
Wednesday, 1 May 2019 08:22am EDT 

May 1 (Reuters) - Federal Home Loan Mortgage Corp ::FREDDIE MAC - COMPREHENSIVE INCOME FOR 1Q 2019 WAS $1.7 BILLION.FREDDIE MAC - QTRLY NET REVENUES INCREASED 2% FROM 1Q 2018.FREDDIE MAC - WILL HAVE A DIVIDEND REQUIREMENT TO TREASURY IN JUNE 2019 OF $1.7 BILLION..FREDDIE MAC - QTRLY NET REVENUES $3,404 MILLION VERSUS $3,343 MILLION.FREDDIE MAC - EXPECT HOME PRICE GROWTH WILL CONTINUE IN 2019, ALTHOUGH AT A SLOWER PACE THAN IN FULL-YEAR 2018, DUE TO INCREASED SUPPLY..FREDDIE MAC - EXPECT U.S. SINGLE-FAMILY HOME PURCHASE VOLUME TO INCREASE SLIGHTLY IN 2019.FREDDIE MAC - CASH AND CASH EQUIVALENTS DECREASED BY $2.4 BILLION FROM $8.6 BILLION AS OF 1Q 2018 TO $6.2 BILLION AS OF 1Q 2019.FREDDIE MAC - QTRLY NET INCOME OF $1.4 BILLION.FREDDIE MAC - 1Q AGGREGATE CASH DIVIDENDS PAID TO TREASURY $118,015 MILLION.FREDDIE MAC - AS OF MARCH 31, 2019 TOTAL ASSETS WERE $2.09 TRILLION VERSUS $2.06 TRILLION AS OF 2018 END.  Full Article

Freddie Mac Says Through March 31, Aggregate Cash Dividends Paid To Treasury Were $46.4 Billion More Than Cumulative Cash Draws Received From Treasury
Wednesday, 1 May 2019 08:17am EDT 

May 1 (Reuters) - Federal Home Loan Mortgage Corp ::FREDDIE MAC SAYS THROUGH MARCH 31, AGGREGATE CASH DIVIDENDS PAID TO TREASURY WERE $46.4 BILLION MORE THAN CUMULATIVE CASH DRAWS RECEIVED FROM TREASURY.  Full Article

Freddie Mac Forecasts Continued Low Mortgage Rate Environment
Monday, 29 Apr 2019 03:34pm EDT 

Federal Home Loan Mortgage Corp ::FREDDIE MAC FORECASTS CONTINUED LOW MORTGAGE RATE ENVIRONMENT.FREDDIE MAC - AS PER CO'S APRIL FORECAST, MORTGAGE MARKET TO SEE FAVORABLE MORTGAGE RATES FOR REMAINDER OF YEAR, WHICH WILL HELP HOMEBUYER AFFORDABILITY.FREDDIE MAC - EXPECT 30-YEAR FIXED-RATE MORTGAGE TO AVERAGE 4.3 PERCENT FOR 2019, BELOW LAST YEAR'S AVERAGE OF 4.6 PERCENT..FREDDIE MAC - EXPECT TOTAL HOME SALES TO SURPASS 2018 LEVELS AND REACH 5.98 MILLION UNITS IN 2019.FREDDIE MAC - HOUSE PRICE APPRECIATION FORECAST REMAINS UNCHANGED AND IS EXPECTED TO GROW 3.5 PERCENT FOR 2019 ACCORDING TO CO'S APRIL FORECAST.FREDDIE MAC - 2019 ANNUAL HOUSING STARTS OF 1.26 MILLION UNITS..FREDDIE MAC - SINGLE-FAMILY MORTGAGE ORIGINATIONS ARE EXPECTED TO INCREASE FOR REMAINDER OF 2019.  Full Article

Moody's Says Mixed Credit Implications For U.S. Housing & Mortgage Markets If Fannie Or Freddie Mandate Changed
Wednesday, 3 Apr 2019 01:21pm EDT 

April 3 (Reuters) - MOODY'S::MOODY'S SAYS MIXED CREDIT IMPLICATIONS FOR U.S. HOUSING AND MORTGAGE MARKETS IF FANNIE OR FREDDIE MANDATE CHANGED.MOODY'S SAYS REDUCING FREDDIE AND FANNIE'S FOOTPRINT WOULD BE CREDIT NEGATIVE FOR GSES.MOODY'S SAYS FUNDING PROFILES OF NON-BANK MORTGAGE COMPANIES WOULD WEAKEN IF GSES PRESENCE DIMINISHES.MOODY'S SAYS PROSPECTS FOR NEAR-TERM LEGISLATIVE REFORM OF U.S. GOVERNMENT SPONSORED ENTERPRISES REMAIN LOW.MOODY'S SAYS ANY CHANGES TO U.S. HOUSING AND MORTGAGE MARKETS FROM ADMINISTRATIVE REFORM, OVER THE NEXT ONE TO TWO YEARS WILL LIKELY BE MODEST.MOODY'S SAYS BANKS WOULD BENEFIT FROM ANY REDUCTION IN ROLE OF GSES, WHILE NON-BANK MORTGAGE LENDERS COULD EXPERIENCE WEAKENING IN CREDIT PROFILES.MOODY'S SAYS CREDIT IMPLICATIONS FOR HOMEBUILDERS WOULD BE NEGATIVE IF GSES' MANDATE IS CHANGED.  Full Article

Wall Street Firms Vote To Support A Single Mortgage-Backed Security For Fannie Mae And Freddie Mac - WSJ
Thursday, 7 Mar 2019 04:59pm EST 

March 7 (Reuters) - :WALL STREET FIRMS VOTE TO SUPPORT A SINGLE MORTGAGE-BACKED SECURITY FOR FANNIE MAE AND FREDDIE MAC - WSJ, CITING SOURCES.  Full Article

Freddie Mac Forecasts U.S. GDP Growth Will Decelerate To 2.5 Percent In 2019
Thursday, 28 Feb 2019 01:29pm EST 

Feb 28 (Reuters) - Federal Home Loan Mortgage Corp ::FREDDIE MAC FEBRUARY FORECAST: EXPECT TO SEE MODEST GROWTH IN MORTGAGE MARKET.FREDDIE MAC - FORECAST THAT U.S. GDP GROWTH WILL DECELERATE TO 2.5 PERCENT IN 2019 AND 1.8 PERCENT IN 2020.FREDDIE MAC - EXPECT SINGLE-FAMILY MORTGAGE ORIGINATIONS TO INCREASE 2.6 PERCENT TO $1.69 TRILLION IN 2019, REMAIN AROUND THAT LEVEL IN 2020.FREDDIE MAC - "U.S. LABOR MARKET CONTINUES TO HOLD STRONG DESPITE UNCERTAINTY IN OTHER AREAS OF ECONOMY.".FREDDIE MAC - 30-YEAR FIXED-RATE MORTGAGE RATE IS EXPECTED TO AVERAGE 4.6 PERCENT IN 2019, MATCHING 2018, BEFORE INCREASING TO 4.9 PERCENT IN 2020.FREDDIE MAC - TOTAL HOUSING STARTS ARE EXPECTED TO INCREASE TO 1.29 MILLION UNITS IN 2019 AND FURTHER TO 1.36 MILLION UNITS IN 2020.FREDDIE MAC - EXPECT TOTAL HOME SALES TO SLOWLY REGAIN MOMENTUM, INCREASING TO 6.10 MILLION IN 2019 AND TO 6.12 MILLION IN 2020.FREDDIE MAC - SINGLE-FAMILY MORTGAGE ORIGINATIONS EXPECTED TO INCREASE 2.1 PERCENT TO $1.68 TRILLION IN 2019, REMAIN AT A SIMILAR VOLUME IN 2020.FREDDIE MAC - EXPECT HOME PRICES TO INCREASE 4.1 PERCENT AND 2.8 PERCENT IN 2019 AND 2020.FREDDIE MAC - EXPECT U.S. UNEMPLOYMENT TO DROP SLIGHTLY TO 3.6 PERCENT IN 2019 BEFORE RETURNING TO MORE SUSTAINABLE LONG-TERM RATE OF 3.9 PERCENT IN 2020.  Full Article

Freddie Mac Reports Full-Year 2018 Net Income Of $9.2 Bln
Thursday, 14 Feb 2019 08:13am EST 

Feb 14 (Reuters) - Federal Home Loan Mortgage Corp ::FREDDIE MAC - FREDDIE MAC REPORTS FULL-YEAR 2018 NET INCOME OF $9.2 BILLION AND COMPREHENSIVE INCOME OF $8.6 BILLION.FREDDIE MAC - $1.5 BILLION IN COMPREHENSIVE INCOME IN Q4.FREDDIE MAC SEES $1.5 BILLION DIVIDEND REQUIREMENT TO THE U.S. TREASURY IN MARCH 2019.FREDDIE MAC QTRLY COMPREHENSIVE INCOME INCLUDED $0.6 BILLION IN MARKET-RELATED LOSSES.FREDDIE MAC - SINGLE-FAMILY GUARANTEE PORTFOLIO GREW 4% IN 2018.FREDDIE MAC - MULTIFAMILY GUARANTEE PORTFOLIO GREW 17% IN 2018.FREDDIE MAC - FREDDIE MAC PROVIDED APPROXIMATELY $396 BILLION IN LIQUIDITY TO THE MARKET IN 201.FREDDIE MAC - SINGLE-FAMILY SERIOUS DELINQUENCY RATE DECREASED TO 0.69% IN 2018.FREDDIE MAC - MULTIFAMILY DELINQUENCY RATE REMAINED NEAR ZERO, AT 0.01%. IN 2018.FREDDIE MAC QTRLY LOSS PER SHARE $0.12.FREDDIE MAC - QTRLY NET INTEREST INCOME $2,743 MILLION VERSUS $3,257 MILLION.FREDDIE MAC - THOUGH MARKETS EXHIBITED SIGNIFICANT INTEREST RATE, SPREAD VOLATILITY, ESPECIALLY IN Q4 , FY MARKET-RELATED LOSSES LIMITED TO $0.5 BILLION.  Full Article

U.S. 30-year mortgage rates tick up from lowest since 2017: Freddie Mac

NEW YORK Interest rates on U.S. 30-year fixed-rate mortgages edged higher from their lowest levels since September 2017 as U.S. bond yields had stabilized earlier this week, Freddie Mac said on Thursday.