Despite a September surge in rate-term refinance business, agency single-family MBS production fell even as non-agency MBS production was booming. (Includes three data tables.)

To this point, Freddie has issued multifamily risk-sharing transactions without ratings. The Morningstar DBRS rating could open these multifamily CRT deals to institutions that only invest in rated transactions.

The final rule will allow lenders to disburse up to 1% of FHA-endorsed multifamily construction loan proceeds before borrower-provided funds are fully exhausted.

New capabilities added to Freddie Mac’s basic ML-deal will allow corporate CUSIPs to be converted to municipal CUSIPs without impacting the tax-exempt status of the securities.

FHA lenders said the proposed rule would raise the cost of multifamily construction lending.