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


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...

01/09/18
...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...

01/05/18
...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...

12/22/17
...Treasury building and Mel Watt Fannie Mae and Freddie Mac, the country’s two dominant mortgage giants, will get to keep $3 billion in capital...

12/20/17
...its residential tower 45 Wall Street with a $144 million Freddie Mac mortgage issued by Wells Fargo. The new loan replaces a $134 million Fannie Mae mortgage...

12/01/17
...less stringent. Both Fannie Mae and fellow mega-investor Freddie Mac -- who are key to the mortgage market because they set the guidelines and...

11/30/17
...Mortgage ($930 million). The latter loan was provided with Freddie Mac backing. The portfolio includes rental properties in the Washington. D.C., Philadelphia, Baltimore, Chicago...

11/30/17
...over $7.7B with Trump administration Fannie Mae and Freddie Mac will owe the Treasury Department more than $7 billion at the end of the year...

11/29/17
...FHFA Director Melvin Watt Fannie Mae and Freddie Mac owe the White House more than $7 billion, and the two entities are fighting over...

11/24/17
...front. We’re in the middle of a Freddie Mac deal on a large multifamily asset in Manhattan. On this particular loan, Freddie Mac...

11/24/17
...Income Housing Tax Credit market Fannie Mae and Freddie Mac are re-entering the Low Income Housing Tax Credit market, which encourages investment in affordable...

11/22/17
...Fannie Mae and Freddie Mac are re-entering the Low Income Housing Tax Credit market, which encourages investment in affordable...

11/01/17
...apartment building, 769 Bryant Avenue in the Bronx and Freddie Mac’s David Brickman (Credit: Sky, Google Maps and Freddie Mac) Freddie Mac’s aggressive...

...front. We’re in the middle of a Freddie Mac deal on a large multifamily asset in Manhattan. On this particular loan, Freddie Mac...

10/24/17
...affordable than buying a home, a survey from Freddie Mac has found. Rents in cities across the country as not rising as much as...

10/18/17
From the October issue: Two years after going into contract on a sky-high condo at 432 Park Avenue, Hong Kong casino mogul Lawrence Ho finally...

Two years after going into contract on a sky-high condo at 432 Park Avenue, Hong Kong casino mogul Lawrence Ho finally ...

09/26/17
...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...
  • 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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