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The latest announcement is out from Freddie Mac ( (FMCC) ).
On February 3, 2025, Freddie Mac announced a fixed-price cash tender offer to purchase certain Structured Agency Credit Risk (STACR) Notes. The tender offer, involving multiple tranches of notes, will run until February 7, 2025, and is managed by BofA Securities, Inc., Morgan Stanley & Co. LLC, and Academy Securities, Inc. The offer reflects Freddie Mac’s strategic move to manage its credit risk exposure and potentially optimize its financial operations, impacting investors and stakeholders involved in the mortgage credit market.
More about Freddie Mac
Freddie Mac is a company that aims to make home ownership possible by promoting liquidity, stability, affordability, and equity in the housing market. Founded in 1970, it has been instrumental in helping millions of families buy, rent, or keep their homes. The company’s Single-Family Credit Risk Transfer programs transfer credit risk from U.S. taxpayers to global private capital through securities and reinsurance policies, serving as a primary source of private capital in residential mortgage credit.
YTD Price Performance: 54.30%
Average Trading Volume: 9,474,668
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.38B
Find detailed analytics on FMCC stock on TipRanks’ Stock Analysis page.