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


11/12/18
...its own steps to overhaul Fannie Mae and Freddie Mac. The White House is expected to consider steps to reduce the government’s role...

11/05/18
...now has partnerships with General Motors, Lyft, Pandora, Freddie Mac and Chipotle. “We started to shift the balance of our customer set quite quickly...

11/02/18
...the dark about program options offered by investors Freddie Mac and Fannie Mae and some private lenders for retirees and pre-retirees. The options essentially...

...now has partnerships with General Motors, Lyft, Pandora, Freddie Mac and Chipotle. “We started to shift the balance of our customer set quite quickly...

10/31/18
...gap mortgage. Berkadia secured the ten-year financing through Freddie Mac. The property, which sits between West Street and Washington Street near Battery Park City...

10/19/18
...buy a home, the Wall Street Journal reported. Freddie Mac data shows that 78 percent of Americans consider renting the less expensive option, compared to...

10/17/18
...are making homeownership less attractive. New data from Freddie Mac found 78 percent of Americans now consider renting to be more affordable than buying a...

10/11/18
...of 2018, the Wall Street Journal reported. According to Freddie Mac, the average 30-year fixed-rate mortgage is 4.9 percent. Although rates have been rising for months...

10/11/18
...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...

09/28/18
...the only scores that mega-investors Fannie Mae and Freddie Mac accept. They are also used extensively for credit card, auto loan and other loan...

09/27/18
...percent last week, Bloomberg reported, citing figures from Freddie Mac. That means homeowners and borrowers are seeing the highest rates since April 2011. This is...

09/20/18
...Hanover Counties had the most exposure at $1.05 billion. Freddie Mac deals on multifamily properties account for 32.8 percent of the total exposure. Morningstar does not...

09/13/18
...Clockwise from top left: Freddie Mac starts search for new CEO as current one plans to retire, home loan originations...

09/10/18
...Donald Layton, David Brickman, and the Freddie Mac headquarters at 8200 Jones Branch Drive in Virginia (Credit: Freddie Mac) Freddie Mac CEO Donald...

09/07/18
...in the U.S., investors Fannie Mae and Freddie Mac, are actively exploring ways to more fairly underwrite self-employed and gig economy applicants. A...

08/31/18
...much at the giant investors Fannie Mae and Freddie Mac, both of whom were bailed out by the federal government 10 years ago. Though minimum...

08/16/18
...billion in securities issued by Fannie Mae and Freddie Mac are backed exclusively by Morgan mortgages. The investigation already led to the May indictment...

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...
  • 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...