Your Content Goes Here
Freddie Mac (OTCQB: FMCC) today released its 2022 Green MBS Impact Report showing the company issued $1.372 billion of Single-Family Green Mortgage-Backed Securities (MBS) for the year. The report provides an overview of Freddie Mac’s Sustainability Strategy and Single-Family Green Bond Framework, and highlights the estimated impact of the enterprise’s Single-Family Green MBS program.
“Freddie Mac has joined a growing movement of investors and other capital markets participants who are building a more robust market for environmentally focused investments,” said Freddie Mac’s Mark Hanson, Senior Vice President, Securitization. “The size of our Green MBS issuance doubled from 2021 to 2022, reflecting market demand for this type of product and the expansion of eligible collateral to include loans backed by homes with a qualifying Home Energy Rating System (HERS) score. By meeting the needs of green investors in this way, we are making home possible for more individuals and families.”
From its inception in 2021 to year end 2022 Freddie Mac Single-Family Green MBS Issuance totaled nearly $2 billion unpaid principal balance of bonds. The bonds were backed by more than 6,400 Freddie Mac mortgages secured by newly constructed homes with a qualifying HERS rating, or GreenCHOICE Mortgages® where the proceeds or portion thereof from each refinanced mortgage paid off existing debt that was used to finance the purchase and installation of solar panels.
Freddie Mac estimates that the collateral in its 2022 Single-Family Green MBS issuance:
- Saved enough energy to power more than 2,000 homes for a year,
- Avoided greenhouse gas emissions the equivalent of taking nearly 3,800 cars off the road for a year, and
- Saved an estimated average of $722 in annual utility costs for each homeowner with a mortgage included in a 2022 Freddie Mac Single-Family Green MBS.
For more information on how these figures were calculated and other benefits of Freddie Mac’s Single-Family Green MBS issuance and associated Single-Family Green Bond Framework, please see the report and associated data supplement at FreddieMac.com.
Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | Twitter | LinkedIn | Facebook | Instagram | YouTube
This is not an offer to buy or sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC); all other reports Freddie Mac files with the SEC pursuant to Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act), excluding any information “furnished” to the SEC on Form 8-K; and all documents that Freddie Mac files with the SEC pursuant to Sections 13(a), 13(c) or 14 of the Exchange Act, excluding any information “furnished” to the SEC on Form 8-K.
The financial and other information contained in this news release and in the documents that may be accessed through this news release speaks only as of the date of those documents. The information could be out of date and no longer accurate. Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.
These materials may contain forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, some of which are beyond the company’s control. Management’s expectations for the company’s future necessarily involve a number of assumptions, judgments and estimates, and various factors could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements. These assumptions, judgments, estimates and factors are discussed in the company’s most recent Annual Report on Form 10-K, and its reports on Form 10-Q and Form 8-K, which are available on the Investor Relations page of the company’s Web site at http://www.freddiemac.com/investors and the SEC’s website at www.sec.gov. The company undertakes no obligation to update forward-looking statements it makes to reflect events or circumstances occurring after the date of this news release.
MEDIA CONTACT: Fred Solomon