OTCPK:FMCCDiversified Financial
Do Freddie Mac’s New Disclosures Sharpen Its Investment Story For Housing Credit Risk Investors (FMCC)?
Recently, KBRA assigned preliminary credit ratings to a new series of Freddie Mac mortgage pass-through certificates, following the company’s release of updated portfolio and risk disclosures and a survey showing the 30-year fixed mortgage rate averaging 6.10%.
Together, the enhanced transparency around Freddie Mac’s credit exposures and the backdrop of relatively low mortgage rates provide a clearer view of current housing finance conditions for investors.
We will now examine how Freddie...