Volume 14 - Number 9
May 2, 2014
Freddie to Buy, Securitize MF Loans, GSEs Start 1Q Strong
Freddie Mac Multifamily now will purchase from its Targeted Affordable Housing lender network multifamily tax-exempt loans, and aggregate and securitize them into a new series called M-Deals, the GSE announced last week. The move is in concert with the firm’s launch of a new initiative – the Direct Purchase of Tax-Exempt Loans – to help keep rental housing affordable for lower income families and increase cost-effective financing for tax-exempt multifamily properties. Freddie explained these are tax-exempt loans issued by a city, county or state housing finance entity for apartments that have affordable rents for lower income individuals.
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