Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  OTC Bulletin Board  >  Federal Home Loan Mortgage Corp    FMCC

FEDERAL HOME LOAN MORTGAGE CORP

(FMCC)
My previous session
Most popular
  Report  
SummaryNewsCalendarCompanyFinancialsConsensus 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Federal Home Loan Mortgage : Freddie Mac Announces Pricing of $562 Million Multifamily Small Balance Loan Securitization

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/15/2019 | 02:44pm EDT

MCLEAN, Va., March 15, 2019 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announces the pricing of the SB60 offering, a multifamily mortgage-backed securitization backed by small balance loans underwritten by Freddie Mac and issued by a third-party trust. The company expects to guarantee approximately $562 million in Multifamily SB Certificates (SB60 Certificates), which are anticipated to settle on or about March 22, 2019. Freddie Mac Small Balance Loans generally range from $1 million to $6 million and are generally backed by properties with five or more units. This is the third SB Certificate transaction in 2019.

SB60 Pricing

Class Principal/Notional
Amount (mm)
Weighted
Average Life
(Years)
Spread
(bps)
Coupon Yield Dollar
Price
A-5H $207.944 4.17 42 3.0700% 2.91160% $100.4821
A-7H $106.594 5.54 60 3.2200% 3.10366% $100.4712
A-10F $135.177 7.29 68 3.3100% 3.22718% $100.4428
A-10H $112.484 7.30 87 3.5000% 3.41753% $100.4399
X-1 $624.665 5.81 Non-Offered

Details:

Freddie Mac is guaranteeing four senior principal and interest classes and one interest only class of securities issued by the FRESB 2019-SB60 Mortgage Trust. Freddie Mac is also acting as mortgage loan seller and master servicer to the trust. In addition to the four classes of securities guaranteed by Freddie Mac, the trust will issue certificates consisting of Class B and Class R Certificates, which will not be guaranteed by Freddie Mac and will be sold to private investors.

The OptigoSM Small Balance Loan (SBL) origination initiative was first announced in October 2014, and expands the company's continuing effort to better serve less populated markets and provide additional liquidity to smaller apartment properties. Freddie Mac has a specialty network of Optigo Seller/Servicers and Optigo SBL lenders with extensive experience in this market who source loans across the country.

This announcement is not an offer to sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac's Annual Report on Form 10-K for the year ended December 31, 2018, filed with the Securities and Exchange Commission (SEC) on February 14, 2019; all other reports Freddie Mac filed with the SEC pursuant to Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act) since December 31, 2018, excluding any information 'furnished' to the SEC on Form 8-K; and all documents that Freddie Mac files with the SEC pursuant to Sections 13(a), 13(c) or 14 of the Exchange Act, excluding any information 'furnished' to the SEC on Form 8-K.

Freddie Mac's press releases sometimes contain forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, some of which are beyond the company's control. Management's expectations for the company's future necessarily involve a number of assumptions, judgments and estimates, and various factors could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements. These assumptions, judgments, estimates and factors are discussed in the company's Annual Report on Form 10-K for the year ended December 31, 2018, and its reports on Form 10-Q and Form 8-K, which are available on the Investor Relations page of the company's Web site at www.FreddieMac.com/investors and the SEC's website at www.sec.gov. The company undertakes no obligation to update forward-looking statements it makes to reflect events or circumstances occurring after the date of this press release. The multifamily investors section of the company's Web site at https://mf.freddiemac.com/investors/ will also be updated, from time to time, with any information on material developments or other events that may be important to investors, and we encourage investors to access this website on a regular basis for such updated information.

The financial and other information contained in the documents that may be accessed on this page speaks only as of the date of those documents. The information could be out of date and no longer accurate. Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.

Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders, and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.

MEDIA CONTACT: Paul Frommelt
703-903-3999
Paul_Frommelt@FreddieMac.com
INVESTOR CONTACT: Robert Koontz
571-382-4082

Disclaimer

Freddie Mac - Federal Home Loan Mortgage Corporation published this content on 15 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 March 2019 18:43:02 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FEDERAL HOME LOAN MORTGAGE
02:30pFEDERAL HOME LOAN MORTGAGE : Filing Type ABS-15G
PU
10:31aFreddie Mac Launches New Servicer Recognition Program
GL
09:57aFEDERAL NATIONAL MORTGAGE ASSOCIATIO : ABA-Delinquent GSE Mortgages Fall in Q4
AQ
09:40aFREDDIE MAC MARCH FORECAST : Lower than expected mortgage rates and house price ..
GL
08:35aFEDERAL HOME LOAN MORTGAGE : Donald H. Layton to Retire as CEO of Freddie Mac; D..
AQ
06:34aFREDDIE MAC : Tax Incentives Set to Drive Multifamily Investments in Opportunity..
AQ
03/21FEDERAL HOME LOAN MORTGAGE : Freddie Mac Prices $587 Million K-Deal, K-W08, Supp..
PU
03/21Freddie Mac Prices $587 Million K-Deal, K-W08, Supporting Affordable Multifam..
GL
03/21FEDERAL HOME LOAN MORTGAGE : Filing Type 8-K
PU
03/21FEDERAL HOME LOAN MORTGAGE CORP : Change in Directors or Principal Officers, Fin..
AQ
More news
Chart FEDERAL HOME LOAN MORTGAGE CORP
Duration : Period :
Federal Home Loan Mortgage Corp Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 1
Average target price 1,00 $
Spread / Average Target -60%
Managers
NameTitle
Donald H. Layton Chief Executive Officer & Director
David M. Brickman President
Christopher S. Lynch Non-Executive Chairman
James G. Mackey Chief Financial Officer & Executive Vice President
Robert Lux Chief Information Officer & Executive VP
Sector and Competitors
1st jan.Capitalization (M$)
FEDERAL HOME LOAN MORTGAGE CORP1 645
CITIC LTD-3.79%43 453
AERCAP HOLDINGS N.V.15.40%6 520
ALD21.92%5 830
BOC AVIATION LTD3.35%5 367
CHAILEASE HOLDING CO LTD--.--%5 130