Loan mortgage – Tedxyouth Caltech http://tedxyouthcaltech.com/ Tue, 07 Dec 2021 09:03:03 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://tedxyouthcaltech.com/wp-content/uploads/2021/10/icon-5-120x120.png Loan mortgage – Tedxyouth Caltech http://tedxyouthcaltech.com/ 32 32 Kensington Mortgages Partners With Proportunity To Offer Combined Loan https://tedxyouthcaltech.com/kensington-mortgages-partners-with-proportunity-to-offer-combined-loan/ Mon, 06 Dec 2021 17:33:02 +0000 https://tedxyouthcaltech.com/kensington-mortgages-partners-with-proportunity-to-offer-combined-loan/ Specialty lender Kensington Mortgages has partnered with Proportunity to offer a bundled loan product, which will help borrowers with lower deposits access the real estate ladder. Proportunity, which is an equity loan provider launched in 2016, will offer up to £ 150,000 or 25% of the property’s value. Kensington will then offer a first mortgage […]]]>

Specialty lender Kensington Mortgages has partnered with Proportunity to offer a bundled loan product, which will help borrowers with lower deposits access the real estate ladder.

Proportunity, which is an equity loan provider launched in 2016, will offer up to £ 150,000 or 25% of the property’s value. Kensington will then offer a first mortgage at a lower loan-to-value (LTV).

This combined loan will allow consumers to borrow up to six times their salary, and according to Proportunity, the deal also has a lower interest rate than a 95% LTV mortgage, so the overall cost of the mortgage is lower.

According to its website, blended rates, which is the initial Proportunity rate combined with a prime lender rate, range from 2.09% to 2.64%. The rates vary depending on the LTV, which ranges between 10% and 25%, and whether the £ 499 or £ 999 product charge option is selected.

Proportunity works in a similar fashion to the government’s purchase assistance program, which is slated to be discontinued next year, but is available on existing properties and those already on the property ladder rather than just new construction and the first buyers.

Paul Lewis, Head of Intermediate Partnerships at Proportunity, said: “This partnership is good for Kensington, good for Proportunity and most importantly, good for the borrower.

“Kensington Mortgages is known as a leader in the specialty lending market, and its forward-looking approach sets it apart even more as a lender that will reach creditworthy borrowers with real and practical solutions.

Craig McKinlay (on the picture), new Commercial Director at Kensington Mortgages, added: “This innovative shared loan from Proportunity fills a much needed gap that will grow in importance as the purchase assistance program ends next year.

“There is a real need to help people who have only a small deposit and do not have the luxury of a parent or grandparent to help them climb the housing ladder. or relocate, this partnership with Proportunity means we can do it. “

He said Proportunity’s equity loan works well with its specialized line of mortgages and helps borrowers expand their current property or buy their first home. He added that with the loan available on existing properties and for current borrowers, more people could access it.


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FEDERAL HOME LOAN HYPOTHÈQUE CORP: Change of Directors or Key Officers (Form 8-K) https://tedxyouthcaltech.com/federal-home-loan-hypotheque-corp-change-of-directors-or-key-officers-form-8-k/ Thu, 18 Nov 2021 21:04:07 +0000 https://tedxyouthcaltech.com/federal-home-loan-hypotheque-corp-change-of-directors-or-key-officers-form-8-k/ Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On November 17, 2021, the Federal Housing Finance Agency (FHFA) released the 2022 Scorecard for Freddie Mac (formally known as the Federal Home Loan Mortgage Corporation). Compensation for each of our named executive officers, other […]]]>
Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 17, 2021, the Federal Housing Finance Agency (FHFA) released the
2022 Scorecard for Freddie Mac (formally known as the Federal Home Loan Mortgage
Corporation).
Compensation for each of our named executive officers, other than our CEO, is
governed by the Executive Management Compensation Program. A principal element
of such compensation is deferred salary, a portion of which is subject to
reduction based on corporate and individual performance. One-half of a
participating officer's At-Risk Deferred Salary (or 15% of Target Total Direct
Compensation) is subject to reduction based on FHFA's assessment of Freddie
Mac's performance against the objectives and assessment criteria set forth in
the Scorecard. The Scorecard is set forth below.
                         2022 Scorecard for Freddie Mac
For all Scorecard items, Freddie Mac will be assessed based on the following
criteria:
Assessment Criteria
•Freddie Mac's products and programs foster sustainable and equitable housing
finance markets that support safe, decent, and affordable homeownership and
rental opportunities.
•Freddie Mac conducts business in a safe and sound manner.
•Freddie Mac meets expectations under all FHFA requirements, including those
pertaining to capital, liquidity, and credit risk transfer.
•Freddie Mac continues to manage operations while in conservatorship in a manner
that preserves and conserves assets through the prudent stewardship of Freddie
Mac resources.
•Freddie Mac cooperates and collaborates with FHFA to meet the Conservator's
priorities, directives, and guidance throughout the course of the year.
•Freddie Mac delivers work products that are high quality, thorough, creative,
effective, and timely, and that consider effects on borrowers and renters,
Freddie Mac and Fannie Mae (the Enterprises), the industry, and other
stakeholders.
•Freddie Mac ensures that diversity, equity, and inclusion remain top priorities
in strategic planning, operations, and business development.
Promote Sustainable and Equitable Access to Affordable Housing (50%)
Conduct business and undertake initiatives that support affordable, sustainable,
and equitable access to homeownership and rental housing, and fulfill all
statutory mandates.
Take significant actions to ensure that all borrowers and renters have equitable
access to long-term affordable housing opportunities.
•Develop strategies to support sustainable homeownership and affordable rental
housing.
•Improve availability of small-balance purchase and refinance mortgages.
•Develop high-quality Equitable Housing Finance Plans and take meaningful
actions to achieve the goals and objectives of the plans.
______________________________________________________________________________________________________
Freddie Mac Form 8-K

————————————————– ——————————


•Meet Housing Goals and Duty-to-Serve requirements.
•Identify strategies and activities to facilitate greater affordable housing
supply within the limits of charter authorities and submit recommendations to
FHFA.
•Update the current pricing framework to increase support for core mission
borrowers, while ensuring a level playing field for small and large sellers,
fostering capital accumulation, and achieving viable returns on capital.
•Continue mortgage selling, servicing, and asset management efforts that promote
sustainable home-retention solutions for borrowers affected by the COVID-19
pandemic.
Foster competition and efficiency in housing finance markets.
•Modernize the single-family appraisal process to foster efficiency in mortgage
markets, and address barriers to equitable valuation.
•Complete the final phase of validation and approval of credit score models and
begin planning for implementation.
•Leverage technology and data to further promote efficiency and cost savings in
mortgage processes.
•Research and assess opportunities to increase access for small and regional
lenders to Freddie Mac multifamily products.
Manage new multifamily purchases to remain within the multifamily cap
requirements described in Appendix A, including expanded affordability
requirements.
Operate the Business in a Safe and Sound Manner (50%)
Operate with heightened focus on safety and soundness and with a prudent risk
profile consistent with continued support for housing finance markets throughout
the economic cycle, while minimizing the risk of requiring a draw against the
Treasury commitment in stressed scenarios.
Ensure that Freddie Mac is resilient to operational, market, credit, economic,
and climate risks.
•Address examination and supervision findings promptly.
•Maintain liquidity at levels required by FHFA and sufficient to sustain Freddie
Mac operations through severe stress events.
•Maintain effective risk management systems appropriate for entities that need
to minimize risk to capital as they rebuild their capital buffers.
•Ensure a governance structure exists to prioritize the effects of climate
change throughout Freddie Mac decision making.
•Continue to ensure a successful transition away from LIBOR to approved
alternative reference rates by continuing systems development and announcing
plans for the transition of legacy products.
Transfer a significant amount of credit risk to private investors, reducing risk
to taxpayers.
Ensure Common Securitization Solutions, LLC (CSS) operates in a safe and sound
manner in support of Enterprise securitization activities.
______________________________________________________________________________________________________
Freddie Mac Form 8-K

————————————————– ——————————



Appendix A: Multifamily Definitions
1.Market share target and review of market size
The 2022 Scorecard establishes a $78 billion cap on the multifamily purchase
volume of Freddie Mac applicable for calendar year 2022. Within this cap,
certain loans in affordable and underserved market segments are considered
"mission-driven." The 2022 Scorecard requires that a minimum of 50 percent of
Freddie Mac multifamily loan purchases be mission-driven in accordance with the
definitions herein. Furthermore, the 2022 Scorecard requires that a minimum of
25 percent of Freddie Mac multifamily loan purchases be affordable to residents
at 60 percent of area median income (AMI) or below. Loan purchases that meet the
minimum 25 percent requirement may also count as loan purchases that meet the
minimum 50 percent requirement. FHFA anticipates the $78 billion cap to be
appropriate given current market forecasts; however, FHFA will continue to
review its estimates of market size and mission-driven minimum requirements
throughout the year. To prevent market disruption, if FHFA determines that the
actual size of the 2022 market is smaller than was initially projected, FHFA
will not reduce the caps.
The following sections explain how FHFA will treat mission-driven loans for
purposes of the 2022 Scorecard.
2.Loans on targeted affordable housing properties
Targeted affordable housing loans are loans to properties encumbered by a
regulatory agreement or a recorded use restriction under which all or a portion
of the units are restricted for occupancy by tenants with limited incomes and
which restrict the rents that can be charged for those units. FHFA will classify
as mission-driven a proportionate amount of the loan for properties in the
targeted affordable category, depending on the percentage of units that are
restricted by a regulatory agreement or recorded use restriction. FHFA will
classify as mission-driven 50 percent of the loan amount if the percentage of
restricted units is less than 50 percent of the total units in a project, and
100 percent of the loan amount if the percentage of restricted units is equal to
or more than 50 percent.
The following are examples of loans on targeted affordable housing properties
that FHFA will classify as mission-driven:
•Loans on properties subsidized by the Low Income Housing Tax Credit (LIHTC)
program, which limits tenant incomes at 60 percent of AMI or below;
•Loans on properties developed under state or local inclusionary zoning, real
estate tax abatement, loan or similar programs, where the property owner has
agreed to: a) restrict a portion of the units for occupancy by tenants with
limited incomes in accordance with the requirements of the state or local
program and restrict the rents that can be charged for those units at rents
affordable to those tenants; and b) enforce these restrictions through a
regulatory agreement or recorded use restriction;
•Loans on properties covered by a Section 8 Housing Assistance Payment contract
where the contract limits tenant incomes to 80 percent of AMI or below. FHFA
will not consider a unit that is occupied by a Section 8 certificate or voucher
holder as a targeted affordable housing unit unless there is also a contract, a
regulatory agreement, or a recorded use restriction; and





________________________________________________________________________________________________________

Freddie Mac Forme 8-K

————————————————– ——————————


•Loans on properties where a Public Housing Authority (PHA), or a nonprofit
development affiliate of a PHA, is the borrower, and where the regulatory
agreement or recorded use restriction restricts all or a portion of the units
for occupancy by tenants with limited incomes and/or restricts the rents that
can be charged for those units.
On a case-by-case basis, FHFA will consider Freddie Mac requests to classify
other loans as mission-driven that meet affordable housing and mission goals but
do not meet the exact definition of targeted affordable housing. Requests may be
submitted for consideration only after meeting with FHFA to discuss the request.
FHFA will not consider Freddie Mac requests on loans where affordability is
predicated on borrower-initiated (or voluntary) rent restrictions.
3.   Loans on other affordable units
FHFA will classify as mission-driven units whose rents are affordable to tenants
at various income thresholds but that are not subject to a regulatory agreement
or recorded use restriction. FHFA will count as mission-driven, the pro rata
portion of the loan amount based on the percentage of units with affordable,
unsubsidized/market rents, as described below.
a. Loans on affordable units in standard markets
Standard markets are those that are not located in rural areas or in designated
cost-burdened or very cost-burdened renter markets. For properties located in
these markets, the income threshold for affordability is 80 percent of AMI or
below.
b. Loans on affordable units in cost-burdened or very cost-burdened renter
markets
In cost-burdened renter markets as designated by FHFA, the income threshold for
affordability is 100 percent of AMI or below. In very cost-burdened renter
markets as designated by FHFA, the income threshold for affordability is 120
percent of AMI or below.
4.   Loans on properties located in rural areas
Rural areas are those areas designated as such in the Duty to Serve regulation.
FHFA will classify as mission-driven, the pro rata portion of the loan amount
based on the percentage of units affordable at 100 percent of AMI or below.
5.   Loans on small multifamily properties
Small multifamily properties are properties that have 5 to 50 units. FHFA will
classify as mission-driven, the pro rata portion of the loan amount based on the
percentage of units affordable at 80 percent of AMI or below in standard renter
markets, 100 percent of AMI or below in cost-burdened renter markets, and 120
percent of AMI or below in very cost-burdened renter markets.
6.   Manufactured housing community blanket loans
Loans to manufactured housing communities are blanket loans secured by the land
and the rental pads. FHFA will classify as mission-driven the share of the loan
amount of a manufactured housing community blanket loan that reflects the share
of units that receives credit under the Duty to Serve regulation.
FHFA strongly encourages the adoption of tenant pad lease protections that meet
or exceed those listed in the Duty to Serve regulation in all manufactured
housing communities.



________________________________________________________________________________________________________

Freddie Mac Forme 8-K

————————————————– ——————————


7.   Loans on seniors housing assisted living properties
For loans on seniors housing assisted living properties, FHFA will classify as
mission-driven, the pro rata portion of the loan amount based on the percentage
of units affordable at 80 percent of AMI or below.
8.   Loans to finance energy or water efficiency improvements
Loans to finance energy or water efficiency improvements are loans funded by
Freddie Mac under its own specialized financing programs for this purpose. For
loans under the Freddie Mac Green Up and Green Up Plus loan programs, 50 percent
of the loan amount will be classified as mission-driven if at least 20 percent
but less than 50 percent of the unit rents are affordable at or below 60 percent
of AMI, and 100 percent of the loan amount if the percentage of affordable units
is equal to or more than 50 percent.
The renovations under the program (including subsequent program enhancements, as
approved by FHFA) must project a minimum 15 percent reduction in annual whole
property energy consumption and a minimum 15 percent reduction in annual whole
property water and/or energy consumption. (Thus, a property projecting 30
percent energy consumption reduction would qualify for mission-driven credit, as
would a property projecting 15 percent energy and 15 percent water consumption
reduction, or 20 percent energy and 10 percent water consumption reduction.)
In addition, prior to Freddie Mac purchase, all Freddie Mac Green Up and Green
Up Plus transactions must have a third-party data collection firm engaged for
ongoing data collection for the life of the loan, in order to receive
mission-driven credit. This third-party firm can be funded by the borrower, the
lender, or Freddie Mac. FHFA will require specific data elements on all
transactions where energy or water efficiency improvements are made for Freddie
Mac to determine the effectiveness of the programs in achieving policy outcomes,
on an annual basis.
For loans funded under the Freddie Mac Green Certified program, FHFA will
classify as mission-driven 50 percent of the loan amount if at least 20 percent
but less than 50 percent of the unit rents are affordable at or below 60 percent
of AMI, and classify 100 percent of the loan amount if the percentage of
affordable units is equal to or more than 50 percent.
9.   Other Scorecard requirements
For purposes of reporting on loan and commitment activity under the 2022 caps,
Freddie Mac must: a) use the definitions for determining unit affordability of
seniors housing assisted living units, coop units, and shared living
arrangements, including student housing, that are included in the housing goals
regulation at 12 CFR 1282.1; b) use affordability data as of the loan
acquisition date; c) report monthly to FHFA on their acquisition and commitment
volumes using a reporting format defined by FHFA; and d) report quarterly on
their acquisition volumes under the caps including detail on mission-driven loan
purchases using a reporting format to be determined by FHFA.

________________________________________________________________________________________________________

Freddie Mac Forme 8-K

————————————————– ——————————

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Hope Capital launches a bridge loan https://tedxyouthcaltech.com/hope-capital-launches-a-bridge-loan/ Tue, 09 Nov 2021 04:08:58 +0000 https://tedxyouthcaltech.com/hope-capital-launches-a-bridge-loan/ Short-term specialty lender Hope Capital has launched a finishing and exit bridge loan product. The product offers up to 75% loan-to-value (LTV), with rates starting at 0.70% per month, and is suitable for projects where development is still not complete. The minimum loan amount on the product is £ 70,000 and goes up to a […]]]>

Short-term specialty lender Hope Capital has launched a finishing and exit bridge loan product.

The product offers up to 75% loan-to-value (LTV), with rates starting at 0.70% per month, and is suitable for projects where development is still not complete.

The minimum loan amount on the product is £ 70,000 and goes up to a maximum of £ 5 million, which is available on residential property developments located in England and Wales.

money back guarantee

TAB closes five loans in one day for a total of £ 11.4million

Loan terms are three to 18 months, with this product designed to be flexible depending on the needs and circumstances of the individual borrower and their specific project.

The new loan allows borrowers to undertake light to heavy renovation projects, with drawdowns available. Alternatively, it can be used to pay off existing finances and complete outstanding work.

Roz Cawood, Sales Director at Hope Capital, said, “The Inbound and Outbound Bridge Loan says what it does on the tin, completing projects before release.

“We decided to launch this product after noticing that a significant number of investors and developers needed funds to complete a development in order to repay their existing development loan.

“The bridging loan provides the borrower with a much-needed additional respite and renews any pressure to repay the outstanding principal to the lender if he is unable to do so on time.”


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Federal Mortgage: Replacement of Fed-backed Libor to SOFR Holds Lower Amid Flurry of Cash and T-Bill Volatility https://tedxyouthcaltech.com/federal-mortgage-replacement-of-fed-backed-libor-to-sofr-holds-lower-amid-flurry-of-cash-and-t-bill-volatility/ https://tedxyouthcaltech.com/federal-mortgage-replacement-of-fed-backed-libor-to-sofr-holds-lower-amid-flurry-of-cash-and-t-bill-volatility/#respond Thu, 21 Oct 2021 21:16:15 +0000 https://tedxyouthcaltech.com/federal-mortgage-replacement-of-fed-backed-libor-to-sofr-holds-lower-amid-flurry-of-cash-and-t-bill-volatility/ NEW YORK, Oct.21 (Reuters) – The US Guaranteed Overnight Funding Rate (SOFR), the Federal Reserve’s preferred Libor replacement which measures the overnight cost of liquidity in the repo market ( repo), remained at 0.03% for the second year in a row. day after remaining at 0.05% for the past four months. Analysts attributed the unexpected […]]]>

NEW YORK, Oct.21 (Reuters) – The US Guaranteed Overnight Funding Rate (SOFR), the Federal Reserve’s preferred Libor replacement which measures the overnight cost of liquidity in the repo market ( repo), remained at 0.03% for the second year in a row. day after remaining at 0.05% for the past four months.

Analysts attributed the unexpected drop to recent volatility in short-term treasury bills and excess cash flow from government-sponsored companies (GSEs).

The current SOFR number reflects Wednesday’s rate. The New York Fed releases SOFR every business day at 8 a.m. ET.

The drop to 0.03%, which started on Tuesday, was unusual and surprised market participants. The SOFR had been at 0.05% since June 17, a day after the Fed raised the repo rate and the excess reserve interest rate, in an attempt to prevent its overnight key rate. day of falling too low.

Repo rate cut follows an increase in short positions on short-term Treasuries, analysts say, as expectations rise for a Fed rate hike earlier than expected next year . To sell 2-year notes, for example, investors borrow them from entities such as money market funds, sell them and buy them back later.

These US 2-year notes have become what are known as “repo specials”, referring to securities that are in overwhelming demand in the repo market. Competition to buy or borrow a special security prompts potential buyers to offer cheap money in return.

On Thursday, US 2-year bonds traded the most “special” among Treasury securities, with loan repo rates at -1.56%. Market participants were willing to pay interest on the money loaned to borrow the 2 year note, instead of the cash borrower who typically pays interest on the loan.

Additionally, on the 18th of each month, GSEs like Fannie Mae and Freddie Mac invest money in the repo market because they receive mortgage payments from homeowners. This generally lowers pension rates. When they make their principal and interest payments on the 24th, that GSE money leaves the market, pushing up repo rates.

“The drop in SOFR raises questions about the stability of the rate which will become the new benchmark in US dollars once the libor wears off,” said Dan Belton, fixed income strategist at BMO Capital in Chicago.

“Many investors were skeptical about the rate initially, mainly because of its lack of a credit component. For example, the fact that it may so far fall within the Fed’s target range of just 3 basis points from the bottom, and unexpectedly, adds to questions about the gaps in the rate as a benchmark. ” (Report by Gertrude Chavez-Dreyfuss in New York edited by Alden Bentley and Matthew Lewis)


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Federal Mortgage: Freddie Mac Evaluates $ 550 Million Multi-Family Securities Offering https://tedxyouthcaltech.com/federal-mortgage-freddie-mac-evaluates-550-million-multi-family-securities-offering/ https://tedxyouthcaltech.com/federal-mortgage-freddie-mac-evaluates-550-million-multi-family-securities-offering/#respond Thu, 21 Oct 2021 17:01:02 +0000 https://tedxyouthcaltech.com/federal-mortgage-freddie-mac-evaluates-550-million-multi-family-securities-offering/ MCLEAN, Va., Oct.21, 2021 (GLOBE NEWSWIRE) – Freddie Mac (OTCQB: FMCC) recently priced a new offering of structured pass-through certificates (K certificates), which includes a category of fixed income bonds. variable indexed to the Secure Overnight Funding Rate (SOFR). The approximately $ 550 million K certificates (K-I07 certificates) are expected to be settled on or […]]]>

MCLEAN, Va., Oct.21, 2021 (GLOBE NEWSWIRE) – Freddie Mac (OTCQB: FMCC) recently priced a new offering of structured pass-through certificates (K certificates), which includes a category of fixed income bonds. variable indexed to the Secure Overnight Funding Rate (SOFR). The approximately $ 550 million K certificates (K-I07 certificates) are expected to be settled on or around November 2, 2021. The K-I07 certificates are backed by 3-year variable rate multi-family mortgages ( subject to two extensions), which are based on SOFR. Each of the mortgages was incorporated in accordance with the Freddie Mac Value Added Program.

Price K-I07

To classify Principal / Notional
Quantity (mm)
Weighted
Mean
Life
(Years)
Weighted
Average life –
Full extension
(Years)
Delivery
Margin
Coupon Price in dollars
A $ 550,593 2.90 4.90 17 30 days SOFR avg + 17 100,000
XI Not offered
XE Not offered
  • Co-Lead Managers and Joint Bookrunners: Amherst Pierpont Securities LLC and JP Morgan Securities LLC
  • Co-managers: CastleOak Securities, LP, NatAlliance Securities, LLC, PNC Capital Markets LLC and Wells Fargo Securities, LLC

Related links

K-I07 certificates consist of a main class and interest and two interest classes only which are also entitled to static prepayment premiums and, in the case of class XE certificates, to an extension fee. The K-I07 certificates are backed by the corresponding classes issued by the FREMF 2021-KI07 Mortgage Trust (K-I07 Trust) and guaranteed by Freddie Mac. The K-I07 Trust will also issue certificates consisting of the Class C and Class R certificates, which will be subordinate to the classes backed by the K-I07 certificates and will not be guaranteed by Freddie Mac.

Freddie Mac Multifamily is a leading issuer of structured multi-family agency-guaranteed securities. The K-Deals are part of the company’s business strategy to transfer part of the risk of losses to taxpayers and private investors who buy the unsecured subordinated bonds. K certificates generally offer a wide range of options for investors with stable cash flow and structured credit enhancement.

This announcement does not constitute an offer to sell any Freddie Mac securities. Offers for any given security are only made through the applicable offering circulars and related supplements, which incorporate Freddie Mac’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, filed with the Securities and Exchange Commission (SEC) on February 11. 2021; all other reports filed by Freddie Mac with the SEC pursuant to Section 13 (a) of the Securities Exchange Act of 1934 (Exchange Act) since December 31, 2020, excluding any information “provided” to the SEC on Form 8-K; and all documents that Freddie Mac files with the SEC in accordance with Sections 13 (a), 13 (c) or 14 of the Exchange Act, excluding any information “provided” 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 control of the company. Management’s expectations for the future of the Company 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 forward-looking statements and ‘others. These assumptions, judgments, estimates and factors are discussed in the company’s annual report on Form 10-K for the year ended December 31, 2020, and its reports on Forms 10-Q and 8-K, which are available. on the Investor Relations website. Company website page at www.FreddieMac.com/investors and SEC website at www.sec.gov. The company makes no commitment to update any forward-looking statements it makes to reflect events or circumstances occurring after the date of this press release. The Multi-Family Investors section of the Company’s website at https://mf.freddiemac.com/investors/ will also be updated, from time to time, with any information on significant developments or other events. that may be important to investors, and we encourage investors to periodically access this website for such updated information.

The financial and other information contained in the documents accessible on this page are only valid as of the date of these documents. The information could be out of date and no longer accurate. Freddie Mac assumes no obligation, and disclaims any duty, to update the information contained in these documents.

Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our inception by Congress in 1970, we’ve made housing more accessible and affordable for buyers and renters in communities across the country. We are building a better housing finance system for buyers, tenants, lenders and taxpayers. Learn more about FreddieMac.com, Twitter @FreddieMac and Freddie Mac’s blog FreddieMac.com/blog.

MEDIA CONTACT: Mike Morosi
703-918-5851
Michael_Morosi@FreddieMac.com
INVESTOR CONTACTS: Robert Koontz
571-382-4082
Luba Kim Reynolds
212-418-8879



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Federal mortgage: Freddie Mac estimates K-Deal® price at $ 185 million, WI-K134 https://tedxyouthcaltech.com/federal-mortgage-freddie-mac-estimates-k-deal-price-at-185-million-wi-k134/ https://tedxyouthcaltech.com/federal-mortgage-freddie-mac-estimates-k-deal-price-at-185-million-wi-k134/#respond Wed, 20 Oct 2021 21:10:03 +0000 https://tedxyouthcaltech.com/federal-mortgage-freddie-mac-estimates-k-deal-price-at-185-million-wi-k134/ MCLEAN, Va., Oct.20, 2021 (GLOBE NEWSWIRE) – Freddie Mac (OTCQB: FMCC) recently priced a new offering of WI K-Deal Multi-Family Certificates (WI Certificates), which are initially backed by cash that will be used to purchase the AM class of a benchmark K-Deal to be issued. Once the Benchmark K-Deal Class is issued and purchased by […]]]>

MCLEAN, Va., Oct.20, 2021 (GLOBE NEWSWIRE) – Freddie Mac (OTCQB: FMCC) recently priced a new offering of WI K-Deal Multi-Family Certificates (WI Certificates), which are initially backed by cash that will be used to purchase the AM class of a benchmark K-Deal to be issued. Once the Benchmark K-Deal Class is issued and purchased by the WI Trust, the WI Certificates will indirectly be backed by a pool of fixed rate multi-family mortgages with terms primarily of 10 years. The company plans to issue approximately $ 185 million worth of WI Certificates (Series WI-K134), which are expected to settle on or around October 27, 2021.

WI-K134 price

To classify Principal / Notional
Quantity (mm)
Weighted average
Life (years)
Spread (bps) Coupon Yield Price in dollars
A M $ 185,000 10.24 S + 25 1.91100% 1.90489% $ 99.9994

Details

  • Co-Leaders and Associate Bookkeepers: Wells Fargo Securities, LLC and JP Morgan Securities LLC
  • Co-managers: BofA Securities, Inc., Mizuho Securities USA LLC, Multi-Bank Securities, Inc. and PNC Capital Markets LLC

Related links

WI Certificates are funded investments, which settle shortly after the offer period. WI Certificates are tradable shortly after pricing and are government securities backed by the Freddie Mac collateral. The fixed rate coupon of the WI certificates should be the same as the benchmark K-Deal class, and they will be sized to approximately match the benchmark K-Deal class.

Freddie Mac has posted an Investor Presentation and FAQ providing additional details on the WI K-Deal program.

Freddie Mac Multifamily is one of the leading issuers of structured multi-family agency guaranteed securities. The K-Deals are part of the company’s business strategy to transfer part of the risk of losses to taxpayers and private investors who buy the unsecured subordinated bonds. K certificates generally offer a wide range of options for investors with stable cash flow and structured credit enhancement.

This announcement does not constitute an offer to sell any Freddie Mac securities. Offers for any given security are only made through the applicable offering circulars and related supplements, which incorporate Freddie Mac’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, filed with the Securities and Exchange Commission (SEC) on February 11. 2021; all other reports filed by Freddie Mac with the SEC pursuant to Section 13 (a) of the Securities Exchange Act of 1934 (Exchange Act) since December 31, 2020, excluding any information “provided” to the SEC on Form 8-K; and all documents that Freddie Mac files with the SEC in accordance with Sections 13 (a), 13 (c) or 14 of the Exchange Act, excluding any information “provided” 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 control of the company. Management’s expectations for the future of the Company 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 forward-looking statements and ‘others. These assumptions, judgments, estimates and factors are discussed in the company’s annual report on Form 10-K for the year ended December 31, 2020, and its reports on Forms 10-Q and 8-K, which are available. on the Investor Relations website. Company website page at www.FreddieMac.com/investors and SEC website at www.sec.gov. The company makes no commitment to update any forward-looking statements it makes to reflect events or circumstances occurring after the date of this press release. The Multi-Family Investors section of the Company’s website at https://mf.freddiemac.com/investors/ will also be updated, from time to time, with any information on significant developments or other events. that may be important to investors, and we encourage investors to periodically access this website for such updated information.

The company does not undertake to update any forward-looking statements it makes to reflect events or circumstances occurring after the date of this press release. The Multi-Family Investor section of the company’s website at https://mf.freddiemac.com/investors/ will also be updated, from time to time, with information on significant developments or other events that may be of importance to investors, and we encourage investors to regularly access this website for such updated information.

The financial and other information contained in the documents accessible on this page are only valid as of the date of these documents. The information could be out of date and no longer accurate. Freddie Mac assumes no obligation, and disclaims any duty, to update the information contained in these documents.

Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our inception by Congress in 1970, we’ve made housing more accessible and affordable for buyers and renters in communities across the country. We are building a better housing finance system for buyers, tenants, lenders and taxpayers. Learn more on FreddieMac.com, Twitter @FreddieMac and Freddie Mac’s blog FreddieMac.com/blog.

MEDIA CONTACT: Erin Mancini
703-903-1530
Erin_Mancini@FreddieMac.com
INVESTOR CONTACTS: Robert Koontz
571-382-4082
Luba Kim Reynolds
212-418-8879



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3 Benefits of mortgage pre-approval https://tedxyouthcaltech.com/3-benefits-of-mortgage-pre-approval/ https://tedxyouthcaltech.com/3-benefits-of-mortgage-pre-approval/#respond Wed, 20 Oct 2021 13:00:24 +0000 https://tedxyouthcaltech.com/3-benefits-of-mortgage-pre-approval/ If you’re thinking about buying a home, one of the first things you should do is get pre-approved for a mortgage. In fact, it’s a good idea to do this before you even find a real estate agent or search for properties. Getting pre-approved means giving your financial information to mortgage lenders and getting a […]]]>

If you’re thinking about buying a home, one of the first things you should do is get pre-approved for a mortgage. In fact, it’s a good idea to do this before you even find a real estate agent or search for properties.

Getting pre-approved means giving your financial information to mortgage lenders and getting a loan offer showing your likely interest rate and how much you can borrow. Pre-approval is not an absolute guarantee that you will get a loan. But that does mean you’ll likely get one on the agreed terms as long as your financial situation doesn’t change and the house you’re buying is worth enough to serve as collateral.

While pre-approval can be time consuming and seem complicated, you will reap these three crucial benefits if you go through the process.

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1. You won’t waste time looking for homes in the wrong price range.

Mortgage pre-approval sets an upper limit on the amount you are allowed to borrow. While you may not want to borrow the maximum amount allowed by the bank, you certainly cannot borrow Following that the bank approves you.

If you don’t know your upper limit, you could end up wasting a lot of time looking at overpriced homes. Not only does this mean that you could spend hours on an unsuccessful quest, but it can also make it more difficult to find a property you like in your price range because you can focus on features that don’t match. your budget.

2. You are more likely to get an offer accepted

When you find a home you want to buy and submit an offer, home sellers will usually want you to provide proof of pre-approval. This is because it is in their best interest to make sure that you can get the loan approval required for the purchase.

Since it takes time to get pre-approved and the market is very competitive, you don’t want to find a home you like and so have to start looking for a bank to get you a loan. It could mean missing the opportunity to bid because you couldn’t get your pre-approval letter on time.

Submit an offer without a pre-approval letter could also cause the seller to decline because they don’t believe you could get the loan you would need to buy.

3. It will be faster to close a house

Once you’ve found the perfect property, chances are you’ll want to move in quickly. And since it can take a long time to get a mortgage approved and go through the closing process, you might find that your timeline slows down if you don’t have pre-approval.

If you’ve already found a lender and submitted your financial information, you’ll just need to go through the final approval process rather than starting from scratch. It can make your purchase faster and easier. Sellers will appreciate this as well, and a shorter closing time could also help you get approved for a loan.

Pre-approval streamlines the home buying process, making it faster and increasing the likelihood that your offer to purchase will be accepted. So there is no reason not to speak to a lender and get pre-approved before you begin your property search.


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3 benefits of mortgage pre-approval https://tedxyouthcaltech.com/3-benefits-of-mortgage-pre-approval-2/ Wed, 20 Oct 2021 07:00:00 +0000 https://tedxyouthcaltech.com/3-benefits-of-mortgage-pre-approval-2/ Image source: Getty Images If you’re thinking about buying a home, one of the first things you should do is get pre-approved for a mortgage. In fact, it’s a good idea to do this before you even find a real estate agent or search for properties. Getting pre-approved means giving your financial information to mortgage […]]]>

Image source: Getty Images

If you’re thinking about buying a home, one of the first things you should do is get pre-approved for a mortgage. In fact, it’s a good idea to do this before you even find a real estate agent or search for properties.

Getting pre-approved means giving your financial information to mortgage lenders and getting a loan offer showing your likely interest rate and how much you can borrow. Pre-approval is not an absolute guarantee that you will get a loan. But that does mean you’ll likely get one on the agreed terms as long as your financial situation doesn’t change and the house you’re buying is worth enough to serve as collateral.

While pre-approval can be time consuming and seem complicated, you will reap these three crucial benefits if you go through the process.

1. You won’t waste time looking for homes in the wrong price range.

Mortgage pre-approval sets an upper limit on the amount you are allowed to borrow. While you may not want to borrow the maximum amount the bank allows, you certainly cannot borrow more than the bank approves for you.

If you don’t know your upper limit, you could end up wasting a lot of time looking at overpriced homes. Not only does this mean that you could spend hours on an unsuccessful quest, but it can also make it more difficult to find a property you like in your price range because you can focus on features that don’t match. your budget.

2. You are more likely to get an offer accepted

When you find a home you want to buy and submit an offer, home sellers will usually want you to provide proof of pre-approval. This is because it is in their best interest to make sure that you can get the loan approval required for the purchase.

Since it takes time to get pre-approved and the market is very competitive, you don’t want to find a home you like and then have to start looking for a bank to get you a loan. It could mean missing the opportunity to bid because you couldn’t get your pre-approval letter on time.

Submitting an offer without a prior approval letter could also cause the seller to decline because they don’t believe you will be able to get the loan you would need to buy.

3. It will be faster to close a house

Once you’ve found the perfect property, chances are you’ll want to move in quickly. And since it can take a long time to get a mortgage approved and go through the closing process, you might find that your timeline slows down if you don’t have pre-approval.

If you’ve already found a lender and submitted your financial information, you’ll just need to go through the final approval process rather than starting from scratch. It can make your purchase faster and easier. Sellers will appreciate this as well, and a shorter closing time could also help you get approved for a loan.

Pre-approval streamlines the home buying process, making it faster and increasing the likelihood that your offer to purchase will be accepted. So there is no reason not to talk to a lender and get pre-approved before you begin your property search.

A historic opportunity to potentially save thousands on your mortgage

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We strongly believe in the Golden Rule, which is why the editorial opinions are our own and have not been previously reviewed, endorsed or endorsed by the advertisers included. The Ascent does not cover all the offers on the market. Editorial content for The Ascent is separate from editorial content for The Motley Fool and is created by a different team of analysts. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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Federal Mortgage: Freddie Mac Expands Eligibility to Help More Low and Moderate Income Homeowners Affordably Refinance https://tedxyouthcaltech.com/federal-mortgage-freddie-mac-expands-eligibility-to-help-more-low-and-moderate-income-homeowners-affordably-refinance/ https://tedxyouthcaltech.com/federal-mortgage-freddie-mac-expands-eligibility-to-help-more-low-and-moderate-income-homeowners-affordably-refinance/#respond Mon, 18 Oct 2021 19:00:03 +0000 https://tedxyouthcaltech.com/federal-mortgage-freddie-mac-expands-eligibility-to-help-more-low-and-moderate-income-homeowners-affordably-refinance/ MCLEAN, Virginia, October 18, 2021 (GLOBE NEWSLETTER) – Freddie mac (OTCQB: FMCC) today issued the following statement in support of an announcement of the Federal Housing Finance Agency (FHFA) which Freddie mac and Fannie Mae’s low-income refinancing programs will be expanded to include those earning at least 100% of the region’s median income (MAI) — […]]]>

MCLEAN, Virginia, October 18, 2021 (GLOBE NEWSLETTER) – Freddie mac (OTCQB: FMCC) today issued the following statement in support of an announcement of the Federal Housing Finance Agency (FHFA) which Freddie mac and Fannie Mae’s low-income refinancing programs will be expanded to include those earning at least 100% of the region’s median income (MAI) — versus 80% for the MAI.

Donna Corley, Freddie mac The Executive Vice President and Head of Single-Family issued the following statement:

“Freddie Mac is taking action to ensure that more deserving homeowners can take advantage of today’s low mortgage rate environment through refinancing. Work with our lending clients and Federal Housing Finance Agency, we are now able to help even more low-income households to reduce their interest rate and their monthly mortgage payments thanks to our Refi Possible solution. Our priority is to create more equitable opportunities that responsibly support sustainable home ownership.

Launched in August, Refi PossibleSM is available to low and modest income homeowners with a Freddie mac– single-family mortgage backed. These homeowners will benefit from a lower interest rate and lower mortgage payments, which will help those who haven’t refinanced save around $ 100 To $ 250 a month.

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

CONTACT WITH THE MEDIA:
Chad wandler709-903-2446
Chad_Wandler@FreddieMac.com

Main logo

Source: Freddie mac

2021 GlobeNewswire, Inc., source Press Releases


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Federal Mortgage: Freddie Mac Expands Eligibility to Help More Low and Moderate Income Homeowners Affordably Refinance https://tedxyouthcaltech.com/federal-mortgage-freddie-mac-expands-eligibility-to-help-more-low-and-moderate-income-homeowners-affordably-refinance-2/ https://tedxyouthcaltech.com/federal-mortgage-freddie-mac-expands-eligibility-to-help-more-low-and-moderate-income-homeowners-affordably-refinance-2/#respond Mon, 18 Oct 2021 07:00:00 +0000 https://tedxyouthcaltech.com/federal-mortgage-freddie-mac-expands-eligibility-to-help-more-low-and-moderate-income-homeowners-affordably-refinance-2/ MCLEAN, Virginia, October 18, 2021 (GLOBE NEWSLETTER) – Freddie mac (OTCQB: FMCC) today issued the following statement in support of an announcement of the Federal Housing Finance Agency (FHFA) which Freddie mac and Fannie Mae’s low-income refinancing programs will be expanded to include those earning at least 100% of the region’s median income (MAI) — […]]]>

MCLEAN, Virginia, October 18, 2021 (GLOBE NEWSLETTER) – Freddie mac (OTCQB: FMCC) today issued the following statement in support of an announcement of the Federal Housing Finance Agency (FHFA) which Freddie mac and Fannie Mae’s low-income refinancing programs will be expanded to include those earning at least 100% of the region’s median income (MAI) — versus 80% for the MAI.

Donna Corley, Freddie mac The Executive Vice President and Head of Single-Family issued the following statement:

“Freddie Mac is taking action to ensure that more deserving homeowners can take advantage of today’s low mortgage rate environment through refinancing. Work with our lending clients and Federal Housing Finance Agency, we are now able to help even more low-income households to reduce their interest rate and their monthly mortgage payments thanks to our Refi Possible solution. Our priority is to create more equitable opportunities that responsibly support sustainable home ownership.

Launched in August, Refi PossibleSM is available to low and modest income homeowners with a Freddie mac– single-family mortgage backed. These homeowners will benefit from a lower interest rate and lower mortgage payments, which will help those who haven’t refinanced save around $ 100 To $ 250 a month.

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

CONTACT WITH THE MEDIA:
Chad wandler709-903-2446
Chad_Wandler@FreddieMac.com

Main logo

Source: Freddie mac

2021 GlobeNewswire, Inc., source Press Releases


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