Freddie Mac recently completed its second wrap of seasoned mortgages this year. The $48.9 million resecuritization consists largely of subprime MBS issued by Option One Mortgage between 1999 and 2001.JPMorgan Chase, the underwriter of the Structured Pass-Through Certificates T-081, will sell the securities to other investors. Freddie’s “wrap” program had been a key tool in the...