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


07/14/17
...indicators of a property, including neighborhood values. Moreover, Freddie Mac and other financiers are starting to accept transactions without human appraisal. Opponents are striking...

07/11/17
...bang. Not even a whimper.” Mortgage financiers like Freddie Mac are starting to accept transactions that don’t have a human appraiser, according to...

07/07/17
...see private capital invested in Fannie Mae and Freddie Mac, as lawmakers work to pull the mortgage firms out of government conservatorship. Powell, the...

06/27/17
...seriously looking at a plan that would split Freddie Mac and Fannie Mae into single-family and multifamily parts. Tennessee Republican Bob Corker and Virginia...

06/23/17
...components in reversing the fortunes of Whole Foods. Freddie Mac aims to get back in the black by selling modified loans Borrowers who had...

06/23/17
...recovered enough to have their notes sold by Freddie Mac for $292 million to Towd Point Master Funding. The loans have an average balance of...

06/23/17
...sources of mortgage financing in the country -- Freddie Mac and Fannie Mae -- think not. With no formal public announcement, on June 19 Freddie...

06/21/17
...that would replace a $531 million loan issued by Freddie Mac in 2009. Trump holds a 4 percent stake in the complex, generating $5 million in income last...

06/09/17
...the safe maximum at 43 percent, but Fannie Mae, Freddie Mac and the Federal Housing Administration currently have exemptions allowing them to buy or insure...

06/08/17
...study by analyzing mortgage data from Fannie Mae, Freddie Mac, the Federal Housing Administration, and Veterans Affairs among other sources...

06/01/17
...Blackstone Group wants to turn Fannie Mae and Freddie Mac back into private companies without having to pass any new laws. The two firms...

06/01/17
...practices. The 2012 acquisition was financed with $371 million in Freddie Mac...

05/28/17
...that lenders have sold to Fannie Mae and Freddie Mac or that were guaranteed by them. These mortgages are capped – for the San Francisco...

05/26/17
...turn drives up home prices. Fannie Mae and Freddie Mac, the federally backed mortgage giants, have a similar impact because they, too, drive down...

05/12/17
...million in loans backed by Fannie Mae and Freddie Mac outstanding, which some critics have said could pose a conflict of interest as Jared...

05/11/17
...government's role in mortgage giants Fannie Mae and Freddie Mac is back on the table. With backing from President Trump — who's stated his support...

04/24/17
...Credit: Freddie Mac, Click to enlarge) U.S. mortgage rates fell below 4 percent last week, which may...

04/17/17
...owner of securities backed by Fannie Mae and Freddie Mac as of January 2017. But transaction data for February from the U.S. Treasury released...

04/14/17
...are on the rise again. National mortgage investor Freddie Mac reports that 45 percent of all home loan refinancings in the final three months of...

04/14/17
...this week from 4.10 percent, according to mortgage buyer Freddie Mac. The rate is below the prior low of 4.09 percent during the week of January...

03/31/17
...and mandated by giant investors Fannie Mae and Freddie Mac, run from 300 to 850. Higher scores mean lower risk to the lender. Lower scores can...

03/17/17
...at a time when competitors Fannie Mae and Freddie Mac have introduced new programs offering low down payments? Turns out it's all about the...

03/10/17
...Fannie Mae’s single-family rental deal with Blackstone, Freddie Mac is also considering backing such loans, sources told Bloomberg this week. Urban Institute, a...

03/09/17
...the direction of short-term interest rates. According to Freddie Mac, 30-year fixed-rate mortgages now ask 4.21 percent per year on average, up from 4.1 percent a...

03/07/17
...mortgage documents. The Federal Home Loan Mortgage Corporation (Freddie Mac) provided a $44 million loan to secure the state's financing. The property has an alternate...
  • 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...

...loan limits to $420,000 for metro Philadelphia. In addition, Freddie Mac recently reported that 30-year fixed-interest rates had begun to fall. Phoenix Two high-end Scottsdale...

...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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