Freddie Mac | TRD Research
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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

  • Event Financing
  • Address 223 East 111th Street
  • Neighborhood East Harlem
  • Borough Manhattan
  • Price $ 189,000,000
  • Publication Date 01/28/2019
  • Event Date 01/24/2019
  • Party 1 Emerald Equity Group
  • Party 2 Freddie Mac
notes
The lender issued a loan of $189 million for the East Harlem portfolio.
  • 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.

01/01/2018
However, the bank is facing increasing competition from Fannie Mae and Freddie Mac, the two government-backed mortgage giants, in its affordable multifamily lending business, Carpenter noted...

10/01/2017
Two years after going into contract on a sky-high condo at 432 Park Avenue, Hong Kong casino mogul Lawrence Ho finally closed on the $65.2Two years after going into contract on a sky-high condo at 432 Park Avenue, Hong Kong casino mogul Lawrence Ho finally closed on the $65.2...

01/03/2012
As of 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 in October, while the 15-year fixed rate had broken the October record of 3.26 percent, sliding to 3.21 percent...

11/30/2009
• Rates on 15-year-fixed mortgages averaged 4.47 percent in the third week of September, the lowest rate since Freddie Mac began tracking it in 1991...

11/01/2007
But while prices rose, sales dropped and inventory spiked due to rising mortgage rates and the slowdown in co-op sales. The average rate on a 30-year, fixed-rate mortgage was 6.78 percent by the last week in June, according to Freddie Mac, its highest since 2002...

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...