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FEDERAL HOME LOAN MORTGAGE CORPORATION

(FMCC)
  Report
Delayed OTC Markets  -  03:59:15 2023-06-02 pm EDT
0.4360 USD   +1.04%
06/01Average long-term US mortgage rate climbs to 6.79% this week, highest level since November
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06/01Mortgage Rates Jump Up
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06/01Fitch Assigns & Withdraws Point-In-Time Rating for Freddie Mac WI Certificates, Series WI-K157
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Fitch puts Fannie Mae, Freddie Mac on negative watch as US debt deadline looms

05/25/2023 | 07:49pm EDT
FILE PHOTO: Fannie Mae headquarters in Washington

(Reuters) - Fitch has placed the ratings of U.S. mortgage finance giants Fannie Mae and Freddie Mac on watch for a possible downgrade as U.S. lawmakers' negotiations to raise the government's debt ceiling dragged on without a resolution.

This comes after the ratings agency on Wednesday had warned that the U.S. credit rating could be downgraded if a debt ceiling deal was not reached soon.

In a statement on Thursday evening, Fitch said the move reflected "uncertainty surrounding the resolution of the RWN (Rating Watch Negative) on the U.S."

Negotiators for Democratic President Joe Biden and top congressional Republican Kevin McCarthy on Thursday appeared to be nearing a deal to cut spending and raise the government's $31.4 trillion debt ceiling, with little time to spare to head off the risk of default.

(Reporting by Akriti Sharma in Bengaluru; Editing by Anil D'Silva and Sherry Jacob-Phillips)


ę Reuters 2023
Stocks mentioned in the article
ChangeLast1st jan.
FEDERAL HOME LOAN MORTGAGE CORPORATION 1.04% 0.436 Delayed Quote.22.14%
FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.28% 0.4362 Delayed Quote.23.43%
All news about FEDERAL HOME LOAN MORTGAGE CORPORATION
06/01Average long-term US mortgage rate climbs to 6.79% this week, highest level since Novem..
AQ
06/01Mortgage Rates Jump Up
AQ
06/01Fitch Assigns & Withdraws Point-In-Time Rating for Freddie Mac WI Certificates, Series ..
AQ
05/29Fitch Places 165 U.S. GSE-CRT Classes on Rating Watch Negative
AQ
05/29Fitch Places 11 U.S. Credit-Linked Notes on Rating Watch Negative
AQ
05/29Fitch Places 152 Classes on Negative Watch in 76 Freddie Mac Transactions due to U.S. R..
AQ
05/29Fitch Places One Class in Freddie Mac WI Certificates Ser WI-K157 on Negative Watch
AQ
05/26Freddie Mac Reminds Homeowners Affected by Typhoon Mawar in Guam of Immediate Mortgage ..
AQ
05/26Fitch Places Fannie Mae and Freddie Mac Ratings on Rating Watch Negative
AQ
05/25Fitch puts Fannie Mae, Freddie Mac on negative watch as US debt deadline looms
RE
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Analyst Recommendations on FEDERAL HOME LOAN MORTGAGE CORPORATION
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Financials (USD)
Sales 2023 - - -
Net income 2023 - - -
Net Debt 2023 - - -
P/E ratio 2023 0,18x
Yield 2023 -
Capitalization 1 405 M 1 405 M -
Capi. / Sales 2023 -
Capi. / Sales 2024 -
Nbr of Employees 7 819
Free-Float 54,6%
Chart FEDERAL HOME LOAN MORTGAGE CORPORATION
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Federal Home Loan Mortgage Corporation Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 2
Last Close Price 0,44 $
Average target price 0,20 $
Spread / Average Target -54,1%
EPS Revisions
Managers and Directors
Michael J. DeVito Chief Executive Officer & Director
Michael Thomas Hutchins President
Christian Mark Lown Chief Financial Officer & Executive Vice President
Bill Buskirk Chief Financial Officer-Multifamily
Jerry Mauricio Chief Compliance Officer & Senior Vice President
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