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Home » Freddie Teams With BofA to Complete First Wrap Deal Since Market Disintegrated in Early 2008
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Freddie Teams With BofA to Complete First Wrap Deal Since Market Disintegrated in Early 2008

June 27, 2008
Bank of America delivered some $8.14 billion of seasoned mortgages to Freddie Mac through a wrap securitization that marked just the second such transaction by a government-sponsored enterprise in 2008.Banc of America Funding 2008-FT1 is backed by a variety of prime-credit, fixed-rate mortgages with an average seasoning of 60 months, according to an analysis by Inside MBS & ABS... [Includes one graph]
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