Freddie Mac | The Real Deal New York

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Freddie Mac

122 E 42nd St #4
New York, NY 10168
(212) 418-8900
Website

The Federal Home Loan Mortgage Corporation is a government-sponsored enterprise charged by Congress since 1970 with expanding the secondary market for residential mortgages in the United States and its territories. It does this primarily through buying mortgages on the secondary market, pooling them and selling them as mortgage-backed securities. This ups the supply of money for new mortgage and increases the availability of money for home purchases.

This purchasing and pooling of mortgage-backed securities was blamed for a good portion of the 2008 recession and housing collapse. Too many mortgage securities backed by Freddie Mac collapsed or did poorly, costing the agency billions; these costs were passed on to taxpayers, further hurting Freddie Macs reputation with the public.

Headed by CEO Donald Layton since May 2012, the publicly traded enterprise based in Fairfax County, Va., still does a brisk trade that underlies much of the U.S. mortgage markets: $80.64 billion in revenue in 2012, with more than $1.9 trillion in assets. -TA


05/17/18
...mortgage climbed to 4.61 percent, the highest level since 2011, Freddie Mac said in a statement Thursday. The rise boosted the monthly payment on a $300,000, 30-year...

05/16/18
...mortgage-backed securities, are issued by Fannie Mae and Freddie Mac, the government-sponsored mortgage giants. But unlike traditional housing bonds, CRTs aren’t fully guaranteed...

05/04/18
...mortgage financing -- federally backed Fannie Mae and Freddie Mac -- began accepting home-purchase loans that carried no formal property appraisal. Instead, the valuations...

04/13/18
...fixed-rate cash-out refi instead of a HELOC. But Freddie Mac deputy chief economist Len Kiefer says both cash-outs and HELOCs are likely to grow...

04/10/18
...reported. Using 30-year mortgage financing data provided by Freddie Mac and Fannie Mae, CoreLogic found that 73 percent more of these loans were issued in...

04/05/18
...of their reach, according to a survey from Freddie Mac. Sixty-seven percent of respondents said they simply don't have the money, up from 59 percent...

04/03/18
...according to a new survey by mortgage insurer Freddie Mac. The Wall Street Journal reported that the group of renters who say they don't...

03/29/18
...too risky to qualify for Fannie Mae or Freddie Mac’s quasi-insurance almost doubled year-over-year in the first quarter of 2018, to $1.3 billion from $666 million...

03/07/18
...available, and lending activity from Fannie Mae and Freddie Mac hasn’t slowed down in the multifamily sector. Gerard Sansosti, an HFF executive managing...

03/06/18
...than the average 3.67 percent that Fannie Mae and Freddie Mac fixed-rate mortgages carry, according to the Mortgage Bankers Association of America. “People pay; it...

02/23/18
...-year mortgages to their highest rate since April 2014, Freddie Mac’s Primary Mortgage Market Survey found. The rate for 30-year fixed-rate mortgages ended the...

02/23/18
...-year mortgages to their highest rate since April 2014, Freddie Mac’s Primary Mortgage Market Survey found. The rate for 30-year fixed-rate mortgages ended the...

02/20/18
...opened in 2017 and has 249 keys. 8. Greenpoint Sachs — $68 million Freddie Mac, the New York City Housing Development Corporation and US Bank loaned Domain Companies and...

02/15/18
...week stood at 4.32 percent, according to mortgage buyer Freddie Mac. The gains are a direct result of the rising yields for Treasury notes, which...

02/13/18
...due on March 6. Hedge funds in Fannie and Freddie Mac are awaiting Congress' decision on a draft bill that would put the mortgage companies...

01/30/18
...a single building issued by the government-sponsored entity Freddie Mac. But the rift with Related has now come full circle as Moinian goes head-to-head...

01/12/18
...is facing increasing competition from Fannie Mae and Freddie Mac, the two government-backed mortgage giants, in its affordable multifamily lending business, Carpenter noted. Fannie...

01/05/18
...sell assets The future of Fannie Mae and Freddie Mac is being debated in Congress, and the owners of billions of dollars worth of...

01/04/18
...worth of preferred shares in Fannie Mae and Freddie Mac are keeping an anxious eye on Washington, D.C. as Congress works on a...

01/03/18
...system for loans backed by Fannie Mae and Freddie Mac. Currently, Fannie and Freddie won’t buy mortgages unless lenders assessed the borrowers using...

...a single building issued by the government-sponsored entity Freddie Mac. But the rift with Related has now come full circle as Moinian goes head-to-head...

...is facing increasing competition from Fannie Mae and Freddie Mac, the two government-backed mortgage giants, in its affordable multifamily lending business, Carpenter noted. Fannie...

12/27/17
...the place to be” in 2018. Fannie Mae and Freddie Mac started issuing CRT bonds, which are backed by pools of home loans, in 2013, to...

12/26/17
...too big to sell to Fannie Mae and Freddie Mac. In most parts of the country, a jumbo loan is one that is above...

12/25/17
...a huge mortgage, you need the backing of Freddie Mac and Fannie Mae.” Schumer and Representative Carolyn Maloney began lobbying the Federal Housing Administration...
  • Event Financing
  • Address 223 North 8th Street
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Square feet 7
  • Price $ 42,500,000
  • Publication Date 01/01/2017
  • Event Date 11/17/2016
  • Party 1 Freddie Mac
  • Party 1 Brokerage HFF
  • Party 2 Trinity Place Holdings, Pacolet Milliken Enterprises
  • Party 2 Brokerage HFF
notes
The company secured a $42.5 million, 10-year, floating rate acquisition loan.
  • Event Financing
  • Address 60 East 93rd Street
  • Neighborhood Brownsville
  • Borough Brooklyn
  • Price $ 49,500,000
  • Publication Date 04/01/2016
  • Event Date 02/15/2016
  • Party 1 William R. Lucas Realty
  • Party 2 Prudential Mortgage Capital Company, Freddie Mac
notes
The company secured a $49.5 million $12.6 million will fund acquisition costs, $23.6 million will go toward building loan costs, and $13.3 million toward project loan costs.
  • Event Residential Sales
  • Building Name 135-30 78th Avenue
  • Address Unit 19B, 135-30 78th Avenue
  • Unit 19B
  • Neighborhood Flushing
  • Borough Queens
  • Price $ 112,000
  • Publication Date 09/05/2014
  • Event Date 07/21/2014
  • Party 1 Federal Home Loan Mortgage Corp. Aka Freddie Mac
  • Party 2 Gavarin, Barry
  • Event Residential Sales
  • Building Name 260-23 Langston Avenue
  • Address Unit 119A1, 260-23 Langston Avenue
  • Unit 119A1
  • Neighborhood Glen Oaks
  • Borough Queens
  • Price $ 150,000
  • Publication Date 09/17/2012
  • Event Date 09/11/2012
  • Party 1 Federal Home Loan Mortgage Corporation; Freddie Mac
  • Party 2 Wang, Ping; Zhou, Mian
  • Event Financing
  • Address 79 Sherman Avenue
  • Neighborhood Washington Heights
  • Borough Manhattan
  • Price $ 2,100,000
  • Publication Date 09/01/2009
  • Event Date 07/23/2009
  • Party 1 Silpar Realty
  • Party 1 Brokerage Community Preservation
  • Party 2 Freddie Mac
notes
A $2.1 million loan was arranged to refinance the property. Freddie Mac has been a lender on the building since 1987 when it provided an $825,000 mortgage. CPC refinanced this mortgage in 1996 with a new $1.15 million Freddie Mac loan. Two 5-story mixed-use buildings. Includes 152 Dyckman Street.

...the middle of last month, government-backed mortgage lender Freddie Mac said that the 30-year fixed rate matched an all-time record low of 3.94 percent set...

...third week of September, the lowest rate since Freddie Mac began tracking it in 1991. • The sale of a Gravesend house for $10.26 million, which was...

...by the last week in June, according to Freddie Mac, its highest since 2002. If the second quarter numbers read a little like d j...

U.S. mortgages rates rose to its highest levels so far in 2015 during the final week of May. The average rate for a 30-year fixed...
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