Freddie Mac Sells Its First REMIC Backed By Multifamily Mortgages, Considers More
August 18, 2006
Freddie Mac recently issued its first real estate mortgage investment conduit backed by multifamily mortgages. Depending on how the deal performs, the government-sponsored enterprise expects to issue more multifamily REMICs on an ongoing basis. The transaction, Freddie Mac Structured Pass-Through Certificates K-001, is backed by 126 mul-tifamily loans originated by CBRE Melody & Company. Freddie sold the loans to a Credit Suisse MBS trust that the Wall Street firm will sell to other investors...