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Freddie Mac

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

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

In 2013, founder and CEO of Peebles Corporation Don Peebles and his partner, the Israeli-based American real estate company Elad Group, purchased a 13-story building...

Sales of new homes across the U.S. spiked last month, as buyers rushed to sign contracts amid rising interest rates. Tags: interest rates, mortgage rates, new...

...fixed mortgage reached 4.3 percent, a jump from 4.16 percent last week, Freddie Mac said in a statement cited by Bloomberg. The 15-year rate...

They are the three biggest snares for home buyers seeking mortgages, and if you focus on them in advance you’re much less likely to have...

...the head of the federal agency overseeing Fannie Mae and Freddie Mac, said he plans to stay on in his role even...

UPDATED: Dec. 7, 11:28 a.m.: Westbrook Partners and Largo are cashing out on their development of the Berkley, a 95-unit Williamsburg rental property that opened...

...two behemoths of the mortgage business -- Fannie Mae and Freddie Mac -- continue to use a credit scoring model that even...

The owners of Starrett City are negotiating with four major banks to refinance the complex, which is the largest federally subsidized residential rental property in...

Can computers, big data and advanced analytics replace real live humans when it comes to accurately valuing the home you want to buy? One of...

...condo be sold before buyers can get Fannie Mae or Freddie Mac loan. (The threshold was lowered from 50 percent in July.) Buyers...

So you still think it’s impossible to get a mortgage because lenders’ standards continue to be super-strict and your profile doesn’t quite fit the standard...

Larry Kinitsky refinanced the Bayside co-op complex Windsor Park with a $89.3 million mortgage from Capital One Bank. Tags: capital one bank ...

...In a boost to highly leveraged homeowners, Fannie Mae and Freddie Mac extended a mortgage refinance program by another year. (more&hellip...

To finance its $620 million purchase of Kips Bay Court, Blackstone Group plans to assume the existing $200.1 million Fannie Mae mortgage and will not...

...a percentage point higher or more? In July, according to Freddie Mac, 30-year fixed rates dropped to an average of 3.41 percent, just...

A nonprofit representing low-income New Yorkers filed a lawsuit against the federal department of housing and urban development and private fund manager Lone Star Funds,...

Are you or someone you know needlessly missing in action this summer, leaving near historically low mortgage money at 3.5 percent to 3.75 percent on the...

UPDATED, Aug. 4, 2:02 p.m.: A joint venture between BFC Partners and K&R Preservation acquired an eight-building multifamily portfolio in Brooklyn and the South Bronx...

Two cases of Legionnaires’ disease have been identified in the last 10 months at Fairstead Capital’s recently-acquired Savoy Park apartment complex in Harlem, according to...

Congressional Democrats and Republicans haven’t agreed on much lately, but they’re together on one issue that affects condominium buyers and sellers across the country: The...

...announced Monday. To close the deal, Fairstead secured a $238.9 million Freddie Mac loan from the multifamily finance arm of Capital One, sources...

Think of them as back-room surcharges that increase what you pay when you get a conventional home mortgage. They can also kill your loan application...

...wants to turn the government-backed mortgage giants Fannie Mae and Freddie Mac into lender-owned insurance companies. Edward DeMarco, who ran the agency...

Want to put solar panels on your roof — owning them outright rather than having to lease from some third-party company? There’s a new home...

Erroneous or outdated negative items on your credit report can be deal killers — or at least deal delayers — when you’re trying to purchase...
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  • 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
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
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 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
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.

Even in a year marked by continued economic malaise, buyers, sellers, landlords, lenders, builders, investors and even tourists broke records in New York in 2011....

Until last year, The Real Deal's annual accounting of real estate records was a Mad Libs of giddy peaks: The highest price ever paid for...

Atlanta Equity Depot, a firm that tracks foreclosures in Atlanta, concluded that the number of foreclosure notices issued in metro Atlanta from January to February...

Condos outsell co-ops in second quarter; inventory hits record ...

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...