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


08/13/18
...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...

08/10/18
...eligible for sale to investors Fannie Mae or Freddie Mac, or a score in the mid to upper 600s for a Federal Housing Administration...

08/07/18
...Credit: iStock) Freddie Mac is launching a new program to help keep rents down. The initiative will offer...

08/03/18
...being originated for sale to Fannie Mae and Freddie Mac, the big federally regulated mortgage investors. FICO scores for home-purchase loans at both companies...

07/28/18
...term. The independent agency oversees mortgage finance companies Freddie Mac and Fannie Mae, which have been under government conservatorship since the 2008 crash. In June...

07/02/18
...probably rise to 58.1 percent in 2025, Bloomberg reported, citing Freddie Mac. The rate could rise as high as 60 percent in a more optimistic scenario, or...

06/29/18
...this year, 68 percent of all refinancings at investor Freddie Mac involved cash-outs. Though total volumes of refinancings are down significantly, cash-outs are at their...

06/21/18
...unveiled a plan to release Fannie Mae and Freddie Mac from government control and turn them into private companies. Under the proposal, which still...

06/18/18
...financing the acquisition with an $11 million loan from Freddie Mac and Arbor Realty Trust. 4.) The former home of one of the oldest nursery schools...

06/08/18
...on debt-to-income ratios (DTIs). Investors Fannie Mae and Freddie Mac are allowing lenders to say yes to credit-worthy buyers with DTIs as high as...

06/06/18
...its highest level in seven years, according to Freddie Mac. Rates have gradually increased over the past year following a sustained decline in 2016, when...

...its highest level in seven years, according to Freddie Mac. Rates have gradually increased over the past year following a sustained decline in 2016, when...

06/01/18
...in the country -- investors Fannie Mae and Freddie Mac -- are quietly working on ways to make qualifying for a home purchase easier...

05/29/18
...making it more expensive to own a home. Freddie Mac recently reported that the rate for a 30-year mortgage rose from 3.99 percent at the...

05/25/18
...bank portfolios or for investors Fannie Mae and Freddie Mac, and government loans (FHA, VA and rural housing). The overall rate of denials of...

05/25/18
...from 3.99 percent at the end of 2017, according to Freddie Mac. Sales dropped throughout the country in the Northeast, the South and the West, but...

05/21/18
...high at an average of 4.61 percent, according to Freddie Mac. That’s up from last year’s low of 3.78 percent in September. – Rich Bockmann...

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...
  • Event Financing
  • Address 1048 Sheridan Avenue
  • Neighborhood Longwood Melrose
  • Borough Bronx
  • Square feet 17,600
  • Price $ 11,000,000
notes
The owner secured a loan of $11 million to finance the building's purchase.
  • Event Financing
  • Address 1048 Sheridan Avenue
  • Neighborhood Longwood Melrose
  • Borough Bronx
  • Square feet 17,600
  • Price $ 11,000,000
notes
The owner secured a loan of $11 million to finance the building's purchase.
  • 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.
  • Event Financing
  • Address 1185-97 Anderson Avenue
  • Neighborhood Highbridge
  • Borough Bronx
  • Publication Date 03/01/2008
  • Event Date 01/21/2008
  • Party 1 Anderson Housing Associates
  • Party 2 Community Preservation
notes
A $1.38 million Freddie Mac permanent loan was provided for weatherproofing improvements at the affordable housing complexes. The properties are located at 1210, 1220 and 1230 Woodycrest Avenue and 1220 Shakespeare Avenue. Six 6-story apartment buildings, 263 units total.

...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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