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Federal Home Loan Mortgage Corp (OTCMKTS:FMCC) yesterday released its October Insight, providing a positive outlook of future homeownership rates. It should be noted here that these estimates are developed keeping in mind that current variables remain unchanged. The company pointed out that the national homeownership rate has been on the decline, for the last 10-years and is expected to continue doing so. This could possibly mean that homeownership falls below 60%.

FMCC weighed on the opinion of experts, stating that they did not take into account the potential macroeconomic variables, which could significantly impact these rates. Three of the main variables include a decision from the GSE’s on the future of housing finance, the possibility of Millennials getting married and starting families and the possibility of overcoming factors responsible for lower homeownership rates on non-white Americans. These comments were made by Sean Becketti, the Chief Economist at FMCC.

In addition to this, FMCC is also dealing with the problems posed by hurricane Mathew. The company has been developing a menu of disaster relief policies, which would be made available to affected homeowners very soon. Freddie Mac has stated that until the policies are released, servicers should make use of its forbearance programs, so as to avoid immediate mortgage relief. Yvette Gilmore, one of the VPs at FMCC, stated that American families whose business or homes have been affected by the disaster are encouraged to call their respective mortgage servicers. She also noted that forbearance on mortgage payments, for up to 1-year, can be made available, if their mortgage is owned by the company.

Freddie Mac also claimed that it would not report forbearance or delinquencies of the affected homeowners, to the credit bureaus across the country and would also waive off the late fees associated with these loans. The company has also asked servicers to take into account the cases of borrowers that work in the affected areas, but have property in unaffected areas.

Federal Home Loan Mortgage Corp (OTCMKTS:FMCC) recorded a trade volume of 2.11 million and a surge of 0.28% in its share value, to close at $1.8 per share, at the end of the October 12 trading session.

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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.

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