Federal Home Loan Mortgage Corporation

FMCC

US3134003017

Corporate Financial Services

Market Closed - OTC Markets Other stock markets 20:59:59 25/06/2024 BST			5-day change	1st Jan Change
1.17 ^USD	-2.09%		-5.65%	+37.65%

06-21	Record high prices, rising mortgage rates dampen US home sales	RE
06-21	US existing home sales fall in May as prices hit record high, mortgage rates rise	RE

Federal Home Loan Mortgage Corporation Announces Step Down of Christian Lown as Chief Financial Officer, Effective June 28, 2024

June 11, 2024 at 09:00 pm

On June 5, 2024, Christian Lown, Chief Financial Officer (CFO) of Freddie Mac (formally the Federal Home Loan Mortgage Corporation) notified Freddie Mac of his intention to step down from his position as CFO, effective June 28, 2024. The company will begin the process of identifying a successor to Mr. Lown.

Latest news about Federal Home Loan Mortgage Corporation

Record high prices, rising mortgage rates dampen US home sales	06-21	RE
US existing home sales fall in May as prices hit record high, mortgage rates rise	06-21	RE
Federal Home Loan Mortgage Corporation Announces Step Down of Christian Lown as Chief Financial Officer, Effective June 28, 2024	06-11	CI
Freddie Mac Prices Approximately $297.5 Million SLST Securitization	05-22	CI
Transcript : Federal Home Loan Mortgage Corporation, Q1 2024 Earnings Call, May 01, 2024	05-01
Federal Home Loan Mortgage Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	05-01	CI
GITSIT Solutions, LLC proposed to acquire 20 deeply delinquent non-performing residential first lien loans from Federal Home Loan Mortgage Corporation.	04-29	CI
US existing home sales drop in March; median price increases	04-18	RE
Freddie Mac appoints Michael Hutchins as interim CEO	03-15	RE
Freddie Mac Announces Appointment of Michael T. Hutchins as Member of Board of Director	03-15	CI
Freddie Mac Announces Appointment of Michael T. Hutchins as Interim CEO, Effective March 16, 2024	03-15	CI
Freddie Mac Prices Approximately $618 Million Securitization of Re-Performing Loans	03-05	CI
US Treasury to ease rules on COVID aid to boost affordable housing supply	03-05	RE
US pending home sales fall in January as high mortgage rates deter buyers	02-29	RE
US existing home sales rise to five-month high in January	02-22	RE
Transcript : Federal Home Loan Mortgage Corporation, Q4 2023 Earnings Call, Feb 14, 2024	02-14
Federal Home Loan Mortgage Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	02-14	CI
Federal Home Loan Mortgage Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	02-14	CI
Gateless Integrates with Freddie Mac to Offer First of Its Kind Income Verification Solution	02-07	CI
US Mortgage Rates Reach Eight-Month Low, Freddie Mac Says	01-18	MT
Federal Home Loan Mortgage Corporation Appoints Roy Swan to its Board of Directors, Effective February 19, 2024	01-17	CI
Federal Home Loan Mortgage Corporation Announces Alberto Musalem Notifies to Resign from its Board of Directors, Effective February 19, 2024	01-04	CI
Mortgage rates slide to lowest since May - Freddie Mac	12-28	RE
US mortgage rates fall to nearly 4-month low - Freddie Mac	12-07	RE
Freddie Mac Announces Action to Make Down Payment Assistance Programs More Accessible for Individuals and Families Across the Nation	12-04	CI

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Company Profile

Federal Home Loan Mortgage Corporation is a government-sponsored enterprise. The Company is engaged in purchasing single-family and multifamily residential mortgage loans originated by lenders. The Companyâs Single-Family segment provides liquidity and support to the single-family mortgage market through a variety of activities that include the purchase, securitization, and guarantee of single-family loans originated by lenders. Its Single-Family business consists of activities related to providing market liquidity by purchasing and securitizing mortgage loans and issuing guaranteed mortgage-related securities, transferring credit risk, performing loss mitigation activities, and investing in mortgage-related and other investments. Its Multifamily segment includes purchase, securitization, and guarantee of multifamily loans, its investments in multifamily loans and mortgage-related securities, and the management of Multifamily mortgage credit risk and market risk.

Sector

Corporate Financial Services

Calendar

30/07/2024 - Q2 2024 Earnings Release (Projected)

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Ratings for Federal Home Loan Mortgage Corporation

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

1.17 USD

Average target price

1.625 USD

Spread / Average Target

+38.89%

Consensus

EPS Revisions

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Quarterly earnings - Rate of surprise

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