Freddie Mac Launches $1B MBS Offering

Law360, New York (October 19, 2011, 6:27 PM EDT) -- Freddie Mac on Wednesday announced a $1 billion offering of mortgage-backed securities, the government-sponsored mortgage finance company’s 10th such offering this year.

Freddie Mac’s multifamily mortgage-backed securities, called Structured Pass-Through Certificates, or K Certificates, have enjoyed strong investor demand and the company has held an offering about once a month in 2011, according to the announcement.

“This is the 10th K Certificate offering this year,” Freddie Mac said. “K Certificates provide Freddie Mac with an efficient vehicle to securitize multifamily loans. The certificates provide investors with...
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