Loan mortgage – Tedxyouth Caltech http://tedxyouthcaltech.com/ Wed, 04 May 2022 13:24:48 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://tedxyouthcaltech.com/wp-content/uploads/2021/10/icon-5-120x120.png Loan mortgage – Tedxyouth Caltech http://tedxyouthcaltech.com/ 32 32 New mortgage lender launches low-rate home loan https://tedxyouthcaltech.com/new-mortgage-lender-launches-low-rate-home-loan/ Mon, 02 May 2022 17:02:18 +0000 https://tedxyouthcaltech.com/new-mortgage-lender-launches-low-rate-home-loan/ OneTwo Home Loans, a new lender in partnership with Lendi Group and 1835i, has hit the market with a mortgage that offers customers discounts on their interest rate when they pay it off. After receiving venture capital backing from ANZ Bank’s innovation partner, 1835i, and partnering with Lendi Group, the new digital lender, OneTwo Home […]]]>

OneTwo Home Loans, a new lender in partnership with Lendi Group and 1835i, has hit the market with a mortgage that offers customers discounts on their interest rate when they pay it off.

After receiving venture capital backing from ANZ Bank’s innovation partner, 1835i, and partnering with Lendi Group, the new digital lender, OneTwo Home Loans (OneTwo), has officially launched in the market.

The new company, which was incubated and launched from 1835i Creation Labs in 2020, was created to help borrowers pay off their loan sooner, while saving money along the way.

Its first home loan offering aims to disrupt the “loyalty tax” model and help borrowers pay off their home loan faster, by automatically lowering the borrower’s interest rates over time. he repays his home loan (until he has repaid 25% of the original loan amount).

For every 5% paid, OneTwo will reduce the rate by 0.03%, up to a maximum of 0.15%. Its variable starting rate is 1.89% per annum (comparative rate of 1.79% per annum).

The lender has also pledged to match any additional loan payments made by borrowers during the first six months, up to $2,500 in total.

It has custom built its own cloud-based lending platform and aims to help provide greater transparency to customers and simplify the home loan process by providing a video-based customer service experience.

The first loan offer, not currently available through the Lendi and Aussie panel but available direct*, is currently targeting homeowners in metropolitan or inland Victoria, NSW and South Australia looking for variable rate loans with repayment of the principal and interest (up to $2 million). Borrowers must have a loan-to-value ratio of 80% or less.

OneTwo said it is currently developing loans for other customer segments, including investor loans, and aims to make a withdrawal facility available soon.

Speaking after the launch, OneTwo Chief Executive Derek Sheerin (formerly ANZi Corporate Director, now known as 1835i) commented: “Australians love property, but the work of buying, owning, selling and financing is often tedious and just too difficult. Our mission is to create new financial solutions that make it easy for people to achieve their dreams.

“We are essentially a technology company here to launch first-to-market financial products to improve the lives of our customers – first of all, we are reinventing Australian mortgage lending.

“By creating our own platform, we were able to fundamentally challenge the traditional processes people go through to get a home loan.

“We’re not just creating a direct digital experience, we’re trying to improve the way people learn and discover what’s right for them. Speed, at the expense of customer understanding, is never a good thing – we work at the pace our customers choose, which works for them.

“We’ve also radically reduced the traditional cost of service for businesses, with the savings passed on to our customers through great pricing and benefits.”

He concluded that by offering automatic rate discounts, a borrower’s loyalty would be rewarded.

“We want to help customers get the loan sooner, while providing a simple, fun, and fast application experience where we do the heavy lifting,” Sheerin concluded.

“Simply put, we believe home ownership is special and the journey to get there should be enjoyable.”

Ron Spector, Managing Director of 1835i (formerly ANZi), added: “OneTwo was one of the first companies incubated and launched from the 1835i Creation Lab. They have developed and launched a unique customer experience and a radically new digital lending platform that will transform the mortgage experience.

*This article was updated on May 3 to indicate that the product is currently not available on the Lendi/Aussie panel.

[Related: ‘Loyalty tax’ costs borrowers $9bn, finds neo-lender]

New mortgage lender launches low-rate home loan

mortgage

Last update: May 03, 2022

Posted: May 03, 2022

Annie Kane

Annie Kane

Annie Kane is the editor of The Adviser and Mortgage Business.

As well as writing about the Australian brokerage industry, the mortgage market, financial regulation, fintech and the wider lending landscape, Annie is also the host of the Elite Broker and In Focus podcasts and The Adviser webcasts. Live.

Contact Anne at: This email address is protected from spam. You need JavaScript enabled to view it.

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ABC Announces New Low-Rate Green Home Loan https://tedxyouthcaltech.com/abc-announces-new-low-rate-green-home-loan/ Thu, 28 Apr 2022 10:20:45 +0000 https://tedxyouthcaltech.com/abc-announces-new-low-rate-green-home-loan/ The big bank followed the recent trend set by lenders outside the big four, unveiling a new product for sustainable residential properties. The Commonwealth Bank of Australia (CBA) has focused on encouraging sustainable property investment, with the major bank announcing that it will offer a low-rate green property loan to eligible customers. According to the […]]]>

The big bank followed the recent trend set by lenders outside the big four, unveiling a new product for sustainable residential properties.

The Commonwealth Bank of Australia (CBA) has focused on encouraging sustainable property investment, with the major bank announcing that it will offer a low-rate green property loan to eligible customers.

According to the CBA, the loan, named CommBank Green Home Offer, offers a standard variable rate of 1.99% per annum (comparator rate of 2.45% per annum) for homeowner loans with repayment of principal and interest. .

Additionally, the loan must also include a wealth package as well as a deposit of at least 20%.

The ABC also said this offer will only be available to properties that meet the eligibility criteria, including if the property is a Green Star home certified by the Green Building Council of Australia (GBCA), or aligns with specific criteria that include the use of solar panels and a lack of gas and hot water heating.

CBA’s Executive Managing Director of Home Buying, Dr. Michael Baumann, said, “We want to reward new and existing customers who take concrete steps to reduce their environmental footprint by investing in homes that are efficient, comfortable and more healthy for them and for the environment.

“We expect all residential homes to be built to these standards over the next few years as we move towards a net zero future and by introducing the new Green Home offering we want to encourage customers to take action as soon as possible. now to protect the environment and their home.

“We know that well-built, energy-efficient homes are good for the environment while dramatically reducing the cost of living and improving homeowner well-being.”

The ABC’s confirmation of its green home loan comes on the heels of previous lenders announcing their eco-focused products.

Last year, non-banking first mac and mutual lender Gateway Bank have both confirmed they will launch discounted home loans for select sustainable properties.

It also lags behind some environmentally-focused initiatives launched by the big bank in 2021, including a loan for renewable technologies and funding for what would be the “first” green property to be built in Australia.

Additionally, this green pivot also follows reports of a shift in consumer attitudes towards investing in sustainable properties.

In January, the president of the Real Estate Institute of Australia (REIA), Hayden Groves, said: “The demand for sustainable homes or homes with sustainable features will increase, as will customer expectations that we, as real estate agencies, let’s run sustainable businesses.

“This can range from preferences for resorts with electric car charging stations to homes built with green materials or powered by renewable energy.”

[Related: Sustainable properties high on buyers’ minds]

ABC Announces New Low-Rate Green Home Loan

mortgage

Last update: April 28, 2022

Posted: April 29, 2022

Sam Nichols

Sam Nichols is a journalist at The Adviser and Mortgage Business. His reporting has appeared in a range of outlets including ABC News, SBS’ The Feed and VICE.

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2022-04-21 | OTCQB: FMCC | Press release https://tedxyouthcaltech.com/2022-04-21-otcqb-fmcc-press-release/ Thu, 21 Apr 2022 14:10:21 +0000 https://tedxyouthcaltech.com/2022-04-21-otcqb-fmcc-press-release/ MCLEAN, Va., April 21, 2022 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year Fixed Rate Mortgage (FRM) averaged 5.11%. “Mortgage rates rose for the seventh straight week as Treasury yields continued to rise,” said Sam Khater, chief economist at Freddie Mac’ […]]]>

MCLEAN, Va., April 21, 2022 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year Fixed Rate Mortgage (FRM) averaged 5.11%.

“Mortgage rates rose for the seventh straight week as Treasury yields continued to rise,” said Sam Khater, chief economist at Freddie Mac’ “As spring is typically the busiest season for purchase of a home, rising rates have led to some volatility in demand. It continues to be a seller’s market, but buyers who remain interested in buying a home may find that the competition has softened moderately.”

News Facts

  • 30-year fixed rate mortgage averaged 5.11% with an average of 0.8 points as of April 21, 2022, up from last week when it averaged 5.00%. A year ago at this time, the 30-year FRM averaged 2.97%.
  • 15-year fixed rate mortgage an average of 4.38% with an average of 0.8 points, up from last week when it averaged 4.17%. A year ago at this time, the 15-year FRM averaged 2.29%.
  • 5 Year Treasury Indexed Hybrid Variable Rate Mortgage (ARM) averaged 3.75% with an average of 0.3 points, up from last week when it averaged 3.69%. A year ago at this time, the 5-year ARM averaged 2.83%.

PMMS® focuses on conventional, conforming, fully amortized home purchase loans for borrowers who have 20% down and have excellent credit. Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for the Definitions. Borrowers may still pay closing costs which are not included in the survey.

Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our founding by Congress in 1970, we have made housing more accessible and affordable for buyers and renters in communities nationwide. We are building a better housing finance system for buyers, renters, lenders, investors and ratepayers. Learn more about FreddieMac.comTwitter @FreddieMac and Freddie Mac’s blog FreddieMac.com/blog.

MEDIA CONTACT:

Angela Waugaman

703-714-0644

Angela_Waugaman@FreddieMac.com

A photo accompanying this ad is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/abffa8e0-3344-4ac9-a6a7-8221cd8e854b

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Biden administration to tackle racial bias in US real estate appraisals https://tedxyouthcaltech.com/biden-administration-to-tackle-racial-bias-in-us-real-estate-appraisals/ Tue, 22 Mar 2022 19:58:04 +0000 https://tedxyouthcaltech.com/biden-administration-to-tackle-racial-bias-in-us-real-estate-appraisals/ Mortgage finance agency Freddie Mac found in 2021 that blacks and Latinos were more likely to have their homes appraised below the agreed-upon selling price than white sellers. Such an appraisal can limit the amount of a mortgage that can be taken out on a property, forcing owners to sell at a lower price or […]]]>

Mortgage finance agency Freddie Mac found in 2021 that blacks and Latinos were more likely to have their homes appraised below the agreed-upon selling price than white sellers.

Such an appraisal can limit the amount of a mortgage that can be taken out on a property, forcing owners to sell at a lower price or cancel a sale altogether. It can also reduce the amount available during a refinance.

“Bias in home valuations limits the ability of black and brown families to enjoy the financial returns associated with homeownership, contributing to the already sprawling racial wealth gap,” the White House said in a statement accompanying its new plan.

Senior administration officials said the goal is to strengthen rating standards, increase the diversity of the workforce responsible for creating these ratings, and make it easier to report discrimination that violates the federal law.

Federal Housing Finance Agency Acting Director Sandra Thompson praised the roadmap, saying her organization ‘does not condone discrimination in housing’ and would remain focused on securing lending practices fair.

“Because their homes are undervalued, Blacks and Latinos often have to pay more on their mortgage, receive less when they sell their home, and are less able to access home equity lines of credit,” said said Vice President Kamala Harris at the White House. event to unveil the effort.

Federal officials say lower assessments have contributed to wide wealth gaps between black and Latino Americans and their white peers. White applicants received ratings below their contractual selling price 6.5% of the time, compared to 9.5% for Latino applicants and 8.6% for black applicants, Freddie Mac found.

Last June, Joe Biden became the first sitting US president to visit the site of Tulsa, Oklahoma, where hundreds of black Americans were massacred by a white mob in 1921, vowing in his speech to fight racial discrimination in housing and to combat biased home valuations.

(Reporting by Trevor Hunnicutt; Additional reporting by Susan Heavey; Editing by Heather Timmons, Karishma Singh and Jonathan Oatis)

By Trevor Hunnicutt

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BuildLoan expands its wide range of mortgages https://tedxyouthcaltech.com/buildloan-expands-its-wide-range-of-mortgages/ Mon, 21 Mar 2022 17:57:52 +0000 https://tedxyouthcaltech.com/buildloan-expands-its-wide-range-of-mortgages/ Bespoke and bespoke mortgage distributor BuildLoan has launched a range of products with the Darlington Building Society, offering loans of up to £1.5million. Specialists’ products offer customers who wish to build their own home, either independently or on a bespoke construction site, up to 85% of their project costs. Mortgages have reduced rates […]]]>

Bespoke and bespoke mortgage distributor BuildLoan has launched a range of products with the Darlington Building Society, offering loans of up to £1.5million.

Specialists’ products offer customers who wish to build their own home, either independently or on a bespoke construction site, up to 85% of their project costs. Mortgages have reduced rates until November 2024 with a 0.5% completion fee.

Loans are available with additional funds released on completion of each stage of work or in advance under the group’s standard guaranteed installment payment policy, which is linked to the cost of each stage of work. There are no assessments during construction and the stage release scheme is agreed upon during application.

Chris Martin, Head of Product Development and Underwriting at BuildLoan (Photo)said: “We see that more and more customers are looking to build higher quality homes and therefore need to borrow more.

“We know that the availability of funds at the right time during construction is extremely important for self-builders.

“The pay-in-advance options are a fantastic solution for customers with a small pot of cash savings, especially if they are building using an off-site manufactured product that requires a larger upfront payment.

“Self-build can seem complex and our brokerage desk team can guide brokers to the right solution for their client.”

Louise Thorpe, Director of Distribution, Darlington Building Society, added: “The self-contained and custom build market is growing and is an integral part of our lending strategy.

We developed these products with BuildLoan to give more potential self-builders the opportunity to build the home they want, with a product designed with their key needs in mind.

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BuildLoan expands its range of large-scale mortgages https://tedxyouthcaltech.com/buildloan-expands-its-range-of-large-scale-mortgages/ Mon, 21 Mar 2022 07:26:54 +0000 https://tedxyouthcaltech.com/buildloan-expands-its-range-of-large-scale-mortgages/ Distributor of build-it-yourself and bespoke mortgages, BuildLoan, has announced the launch of a new product range with the Darlington Building Society, offering mortgages up to £1.5million. The new range will offer products aimed at customers wishing to build their own home, either independently or on one of the many […]]]>



Distributor of build-it-yourself and bespoke mortgages, BuildLoan, has announced the launch of a new product range with the Darlington Building Society, offering mortgages up to £1.5million.

The new range will offer products aimed at customers wishing to build their own home, either independently or on one of the many bespoke construction sites, at up to 85% of their project costs.

Depending on the lender, loans are available with additional funds released at the end of each stage of work or before the start of each stage. All BuildLoan products offer guaranteed milestone payments during construction tied to the cost of each stage of construction so customers have the funds they need at every stage of construction. There are no assessments during construction and the stage releases model is agreed upon at the application stage.

The new products offer discounted rates until November 2024 with a 0.5% completion fee.

Chris Martin, (pictured) Head of Product Development and Underwriting at BuildLoan, said: “We are seeing more customers looking to build higher quality homes to meet their specific needs and as a result need to borrow more. These new offers complete our already wide range of products.

“We know that ensuring funds will be available at the right time during construction is extremely important for self-builders and these products provide that comfort, with milestone releases, agreed in advance and no assessment during construction. construction.

“The pay-in-advance options are a fantastic solution for customers with a small pot of their own money, particularly if they are building using an off-site manufactured product that requires a larger upfront payment.

“Self-build can seem complex and our brokerage desk team can guide brokers to the right solution for their client.”

Louise Thorpe, Director of Distribution for Darlington Building Society, adds: “The self-contained and custom build market is growing and is an integral part of our lending strategy. We developed these products with BuildLoan to give even more potential self-builders the opportunity to build the home they want.

“All of our products offer the assurance of a pre-agreed pattern of stage releases linked to the cost of each element of the build, with no assessment during the construction work, so brokers can be confident that they are recommending a product to their self-build customer that has been designed with their primary needs in mind.”

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Federal Home Loan: Freddie Mac Appoints Heidi Mason General Counsel – Form 8-K https://tedxyouthcaltech.com/federal-home-loan-freddie-mac-appoints-heidi-mason-general-counsel-form-8-k/ Mon, 14 Feb 2022 16:43:24 +0000 https://tedxyouthcaltech.com/federal-home-loan-freddie-mac-appoints-heidi-mason-general-counsel-form-8-k/ Freddie Mac appoints Heidi Mason general counsel MCLEAN, Va. (February 14, 2022) Freddie Mac (OTCQB: FMCC) today named Heidi Mason as Executive Vice President and General Counsel, bringing Freddie Mac 25 years of experience in mortgages, financial services, consumer protection and securities law. Mason will assume general counsel responsibilities from executive vice president and chief […]]]>

Freddie Mac appoints Heidi Mason general counsel

MCLEAN, Va. (February 14, 2022) Freddie Mac (OTCQB: FMCC) today named Heidi Mason as Executive Vice President and General Counsel, bringing Freddie Mac 25 years of experience in mortgages, financial services, consumer protection and securities law. Mason will assume general counsel responsibilities from executive vice president and chief administrative officer Jerry Weiss, who has served as acting general counsel since March 2021. Mason will join the company on March 7. Weiss will continue to serve as Chief Administrative Officer of Freddie Mac.

“I am very pleased to announce that Heidi Mason will join Freddie Mac as Executive Vice President and General Counsel,” said Michael DeVito, CEO of Freddie Mac. “Heidi brings deep expertise in areas spanning the entire legal spectrum, including mortgages, services, access to credit and regulatory issues, among others. I am confident that she will quickly become a valuable member of management team at Freddie Mac. I would like to thank Jerry Weiss for his invaluable service to the Board of Directors and to senior management as Acting General Counsel, where he led the company through a number complex legal, regulatory, business and governance issues.”

Mason joins Freddie Mac from ElevateNext Law, a majority women-owned law firm, where she was a partner and provided legal, advisory, and regulatory compliance services to financial services firms across the United States. Previously, she spent 17 years at Wells Fargo, serving as Executive Vice President and Senior Assistant General Counsel. During his tenure at Wells Fargo, Mason led legal support for its consumer businesses. She was previously head of the corporate legal team, where she oversaw company-wide legal support in corporate governance, employment law and many other areas.

Mason received a bachelor’s degree from Iowa State University and his JD from Georgetown Law Center.

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

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FEDERAL HOME LOAN MORTGAGE CORP: Results of Operations and Financial Condition (Form 8-K) https://tedxyouthcaltech.com/federal-home-loan-mortgage-corp-results-of-operations-and-financial-condition-form-8-k/ Thu, 10 Feb 2022 13:03:17 +0000 https://tedxyouthcaltech.com/federal-home-loan-mortgage-corp-results-of-operations-and-financial-condition-form-8-k/ Item 2.02. Results of Operations and Financial Condition. On February 10, 2022, Freddie Mac (formally known as the Federal Home Loan Mortgage Corporation) announced its results of operations for the year ended December 31, 2021. A copy of the related press release for the year ended December 31, 2021 is being filed as Exhibit 99.1 […]]]>
Item 2.02. Results of Operations and Financial Condition.
On February 10, 2022, Freddie Mac (formally known as the Federal Home Loan
Mortgage Corporation) announced its results of operations for the year ended
December 31, 2021. A copy of the related press release for the year ended
December 31, 2021 is being filed as Exhibit 99.1 to this report and is
incorporated herein by reference. In addition, a copy of the Fourth Quarter 2021
Financial Results Supplement is being furnished as Exhibit 99.2 to this report
and is incorporated herein by reference.
Exhibit 99.1 submitted herewith shall be deemed to be "filed" for purposes of
Section 18 of the Securities Exchange Act of 1934.
Exhibit 99.2 submitted herewith shall not be deemed to be "filed" for purposes
of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to
the liabilities of Section 18, nor shall it be deemed to be incorporated by
reference into any disclosure document relating to Freddie Mac, except to the
extent, if any, expressly set forth by specific reference in such document.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The exhibits listed in the Exhibit Index below are being filed or furnished as
part of this Current Report on Form 8-K:

Exhibit Number                Description of Exhibit

99.1                            Press Release, dated February 10, 2022, issued by Freddie Mac
99.2                            Fourth Quarter 2021 Financial Results Supplement
104                           Cover Page Interactive Data File - the cover

the page’s XBRL tags are embedded in

                              the Inline XBRL document





























                              Freddie Mac Form 8-K


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© Edgar Online, source Previews

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Federal Home Loan: What Freddie Mac is Doing About the Rent Affordability Crisis https://tedxyouthcaltech.com/federal-home-loan-what-freddie-mac-is-doing-about-the-rent-affordability-crisis/ Wed, 09 Feb 2022 20:49:16 +0000 https://tedxyouthcaltech.com/federal-home-loan-what-freddie-mac-is-doing-about-the-rent-affordability-crisis/ Read your local newspaper or visit any social media platform and you’ll hear countless stories of families under pressure from rising prices and wages that just aren’t keeping up. Rents, for example, which have fallen in some markets during the pandemic, have risen by an average of almost 10% over the past year, and Freddie […]]]>

Read your local newspaper or visit any social media platform and you’ll hear countless stories of families under pressure from rising prices and wages that just aren’t keeping up. Rents, for example, which have fallen in some markets during the pandemic, have risen by an average of almost 10% over the past year, and Freddie Mac’s Multifamily prospects shows that we are likely to see an average increase of 4% in 2022.

What we are seeing is the pairing of new inflationary pressures with a long-term shortage in the supply of multi-family housing. Freddie Mac has been raising concerns about this for over a decade. The aggravation of things is even more pronounced shortage of single-family housing, where inventories are at historic lows and prices at record highs. In short, people have few good options when the cost of their housing increases.

In 2019, the latest year for which we currently have good data, about half of tenants were already increased cost, meaning they spent 30% or more of their income on rent. Worse still, nearly a quarter were heavily cost-burdened, spending at least half of their income on rent. Imagine the strain another rent hike puts on a family’s budget and what that means for someone working to make ends meet. Or consider the added stress of commuting and less time with family when you’re forced to travel farther out of town. In many cases, tenants are looking for cheaper housing, which may not meet their needs.

This crisis is the fundamental challenge facing rental housing markets, and as a leader in multi-family housing with a very strong commitment to our mission, Freddie Mac is committed to doing more. Here’s what we’ve done so far:

First of all, we are the market leader in financing what we call “Targeted Affordable Housing“, or subsidized or rent-limited properties based on local, state or federal government programs. Freddie Mac alone has purchased $60 billion in loans to support the financing of these highly affordable properties since 2015. Together, the agencies dominate this space.Our much-needed loans are often the glue that holds together the more affordable end of the market.Many real estate transactions involving multiple sources of state, local, federal, nonprofit, and private sector funding would not simply not possible without our funding and expertise in this region.

Second, we lead the market in supporting affordable workforce housing properties that are affordable to moderate incomes. We measure this by calculating a property’s rents relative to the median income where a property is located. Affordable rent is considered to be no more than 30% of a person’s income.

Since 2015, approximately 70% of the homes we financed through loan purchases were affordable at 80% of the regional median income (AMI) and nearly 95% were affordable at 120% of the AMI. Rents for these properties are generally not subsidized or subject to government rent and income restrictions. They are subject to market pressures, but generally represent Class B and Class C properties that will remain affordable compared to newly built or luxury properties. And unlike some market participants who will lend dollars to borrowers based on expected rent increases, Freddie Mac guarantees rents in place at the time a loan is issued. Therefore, no rent increase is necessary for the multi-family operator to meet its ongoing property maintenance and loan obligations.

Third, as the largest participant in the secondary market, we do what we can to meet supply. This includes supporting the preservation of the existing housing stock and encouraging the development of new units. Since 2018, we have invested nearly $1.7 billion in equity, not debt, to support the creation or rehabilitation of thousands of low-income housing units in the country’s most underserved communities. We have also preserved 60,000 housing units, including 25,000 affordable those on very low incomes with our cash preservation loan.

Separately, we’ve helped bring tens of thousands of new affordable housing units online using ‘term commitments’, which offer multi-family operators the ability to lock in funding for affordable housing developments before construction is completed. substantial rehabilitation or new construction. This eliminates the risk of changing interest rates, providing certainty that allows many affordable multi-family properties to come off the drawing board. Last year we supported over 20,000 new units in this way.

Finally, Freddie Mac has pioneered new market-based products that offer attractive financing to multi-family operators who agree to keep rents affordable and provide tenant services, even where there is no regulatory obligation to do it. We have purchased over $1 billion in loans through our Tenant advancement and principal financing covenants that help prevent rent increases or, in some cases, reduce rents from the market rate, in accordance with the terms of our loan agreements.

Taken together, these efforts are a tremendous force in the market and help tens of thousands of households find quality rental housing at an affordable price each year. However, they are not in themselves a complete solution.

For that, we have to tackle the elephant in the room: supply. To tackle affordability comprehensively, there is an indisputable need for a concerted effort by all actors in the housing market to increase the quantity and quality of affordable housing.

As a participant in the secondary mortgage market, Freddie Mac’s ultimate goal is to provide housing finance affordability, liquidity and stability. In short, we buy loans. Through this process, we broadly encourage and encourage affordability. We do not build or operate multi-family properties, and we are not a legislature that can set housing policy or regulation. However, we recognize the need for all of these parties to work together on this issue.

Freddie Mac looks forward to doing more to meet this challenge and continue to responsibly serve our mission to make home possible for more renters across the country.

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Federal Mortgage on Home Loan: Freddie Mac Announces Tender Offer for All or Portion of Certain Debt STACR – Form 8-K https://tedxyouthcaltech.com/federal-mortgage-on-home-loan-freddie-mac-announces-tender-offer-for-all-or-portion-of-certain-debt-stacr-form-8-k/ Tue, 01 Feb 2022 13:52:46 +0000 https://tedxyouthcaltech.com/federal-mortgage-on-home-loan-freddie-mac-announces-tender-offer-for-all-or-portion-of-certain-debt-stacr-form-8-k/ Freddie Mac Announces Tender Offer for All or a Portion of Certain STACR Debt Securities McLean, Va. – Freddie Mac (OTCQB: FMCC) today announced the initiation of a fixed-price tender offer (the “Offer”) to purchase all or a portion of the STACR® debt securities (Structured Agency Credit […]]]>







Freddie Mac Announces Tender Offer for All or a Portion of Certain STACR Debt Securities

McLean, Va. – Freddie Mac (OTCQB: FMCC) today announced the initiation of a fixed-price tender offer (the “Offer”) to purchase all or a portion of the STACR® debt securities (Structured Agency Credit Risk) below (the “Notes”) as of Tuesday, February 1, 2022.

Freddie Mac engaged BofA Securities, Inc. and Barclays Capital Inc. as lead managers (the “Lead Managers”) and CastleOak Securities, LP as co-lead managers (the “Co-Lead Managers”) and, collectively with the Head Dealer Managers, the “Dealer Managers”) for the Offer. Freddie Mac offers to purchase all of the notes listed in the table below. The applicable Aggregate Consideration to be paid by Freddie Mac to holders who tender Notes accepted for purchase pursuant to the Offer will be calculated on the basis of the original principal amount of such tendered and accepted Notes, the applicable factor and the the applicable Tender Offer identified in the table below, plus any accrued and unpaid interest under the applicable debt agreement on the terms and subject to the conditions set forth in the offer to purchase dated February 1, 2022 (as amended from time to time, the “Offer to Purchase”) and related Notice of Guaranteed Delivery dated February 1, 2022 (collectively, the “Offer Documents”). Capitalized terms used and not otherwise defined herein shall have the meaning assigned to them in the Offer to Purchase.

The tender offer period will begin on Tuesday, February 1, 2022 and will expire at 5:00 p.m., New York City time, on Monday, February 7, 2022 (the “Expiration Time”), unless extended. Holders must validly tender their Notes no later than the Expiry Time. Validly tendered tickets may be withdrawn at any time on or before 5:00 p.m. New York City time on Monday, February 7, 2022, unless extended by us, but not after (except in certain limited circumstances where additional withdrawal rights are granted by us or as otherwise required by law).

Holders whose Notes are purchased under the Offer will receive accrued and unpaid interest from the last interest payment date until the settlement date (as defined in the Offer to Purchase) of the tickets. Freddie Mac expects the settlement date to be February 9, 2022. All tickets tendered using the Notice of Guaranteed Delivery and accepted for purchase are expected to be purchased on February 10, 2022, but the payment of accrued interest on such notes will only be made up to, but not including, the date of settlement.

security title

CUSIP number

ISIN number

Original Principal Amount

Consideration of the public offer
(per $1,000 of initial capital)

STACR 2015-DNA3 M-3

3137G0GW3

US3137G0GW39

$292,821,000

$1,039.95

STACR 2016-DNA1 M-3

3137G0HW2

US3137G0HW20

$468,000,000

$1,051.08

STACR 2016-HQA1 M-3

3137G0JJ9

US3137G0JJ90

$220,000,000

$1,067.50

STACR 2016-DNA2 M-3

3137G0JU4

US3137G0JU46

$495,000,000

$1,044.06

STACR 2016-HQA2 M-3

3137G0KE8

US3137G0KE84

$238,150,000

$1,042.50

STACR 2016-DNA3 M-3

3137G0KQ1

US3137G0KQ15

$389,500,000

$1,051.05

STACR 2016-DNA4 M-3

3137G0LJ6

US3137G0LJ62

$354,000,000

$1,042.13

STACR 2017-HQA1 M-2

3137G0NE5

US3137G0NE57

$139,398,197

$1,033.75

STACR 2017-DNA2 M-2

3137G0NX3

US3137G0NX39

$490,723,000

$1,038.09

STACR 2017-HQA2 M-2

3137G0PU7

US3137G0PU71

$167,615,000

$1,033.28

STACR 2017-DNA3 M-2

3137G0QQ5

US3137G0QQ50

$480,927,000

$1,027.32

STACR 2018-DNA1 M-2

3137G0TH2

US3137G0TH25

$351,262,500

$1,014.38

This announcement is neither an offer to buy nor a solicitation of offers to buy any of these securities. Neither Freddie Mac, nor the Managing Dealers, nor the Information Agent recommends that any holder of Securities deposit or refrain from depositing all or any part of the initial principal amount of such holder’s Securities. Holders must decide for themselves whether or not they wish to deposit securities and, if so, decide on the initial principal amount of securities to be deposited.

The Offer is made only on the terms and subject to the conditions set forth in the Offer Documents. Copies of the offering documents may be obtained from the Freddie Mac website at https://crt.freddiemac.com/securities or the Information Agent for the Offer, Global Bondholder Services Corporation’s website at https://www.gbsc-usa.com/FreddieMac, or by calling (212) 430-3774 or (855) 654-2015 (toll free). Questions regarding the offer may be directed to BofA Securities, Inc. at (980) 387-3907 or (888) 292-0070 (toll free), Barclays Capital Inc. at (212) 412-5780 (toll free (800) 438-3242 (toll-free), or Global Bondholder Services Corporation, as tendering agent, at (212) 430-3774 or (855) 654-2015 (toll-free).

This announcement does not constitute an invitation to participate in the Offer in or from any jurisdiction in or from which, or to or from any person to or from whom, it is illegal to make a such Offer under applicable securities laws or otherwise. The distribution of materials relating to the Offer and the transactions contemplated by the Offer may be restricted by law in certain jurisdictions where it is legal to do so. The Offer is void in all jurisdictions where it is prohibited. If any materials relating to the Offer come into your possession, you are required by Freddie Mac to inform you of and to observe all such restrictions. The Offer Materials do not constitute, and may not be used in connection with, an offer or solicitation in any location where offers or solicitations are not permitted by law. If a jurisdiction requires the offer to be made by a licensed broker or dealer and a broker-dealer or any affiliate of a broker-dealer is a licensed broker or dealer in that jurisdiction, the offer will be deemed have been made by the broker-manager or such affiliate on behalf of Freddie Mac in that jurisdiction.

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

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Warning

Freddie Mac – Federal Mortgage Corporation on Home Loans published this content on February 01, 2022 and is solely responsible for the information contained therein. Distributed by publicunedited and unmodified, on February 01, 2022 13:51:04 UTC.

Public now 2022

All the news on the FEDERAL MORTGAGE CORPORATION FOR HOUSING LOANS

Sales 2021 17,871 million

Net income 2021 12,621 million

Net debt 2021

PER 2021 ratio 0.22x
2021 performance
Capitalization 2,706 million
2,706 million
capi. / Sales 2021 0.15x
capi. / Sales 2022 0.17x
# of employees 6,922
Floating

Chart FEDERAL HOME LOAN MORTGAGE CORPORATION


Duration :

Period :




Federal Home Loan Mortgage Corporation Technical Analysis Chart |  MarketScreener



Evolution of the income statement

To sell

To buy

Medium consensus HOLD
Number of analysts 2
Last closing price

$0.84

Average target price

$0.50

Average Spread / Target -40.5%


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