Freddie prices its first CRT bonds backed by tax-exempt rental loans

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Freddie Mac Gold PCs backed by modified fixed rate loans that have been current for at least 6 months at issuance. Modified Step Rate PCs ("H-pools") Freddie Mac Gold PCs backed by modified step rate loans that have been current for at least 6 months at issuance.

Freddie Mac today expanded its support for affordable housing with a new series of credit risk transfer securities backed by Tax-Exempt Loans made by state or. Freddie Mac Prices First Offering.

. a portion of the credit risk on certain multifamily mortgage loans backing targeted affordable rental housing tax-exempt bonds guaranteed by Freddie Mac. The company today settled its first.

multi-family financing to facilitate the development of affordable rental homes. State and local HFAs operate in all 50 states and many cities and counties across the country. To help fund these low-cost loans, HFAs have issued taxable bonds, tax-exempt bonds and bonds subject to alternative minimum tax ("AMT").

HFAs can issue debt at lower rates than they could 10 years ago, mortgage rates from lenders that are not tax-exempt are not much different from rates on loans financed through the municipal bond market. Thus, the difference between the rates on the bonds and the mortgages that would support them is often too thin to allow for a bond-financed loan.

Freddie Mac Prices First Offering of Tax-Exempt ML Certificates. of credit risk transfer securities backed by Tax-Exempt Loans. Tax-Exempt Loan products help keep rental housing affordable.

And in June, Multifamily introduced the first-ever securitization of a tax-exempt loan portfolio, which helps provide affordable rental housing for lower-income families. Together Freddie Mac Single Family and Multifamily CRT activities have transferred a significant portion of credit risk on more than $1 trillion in mortgage loans.

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MCLEAN, VA–(Marketwired – Jun 14, 2017) – Freddie Mac (OTCQB: FMCC) today expanded its support for affordable housing with a new series of credit risk transfer securities backed by Tax-Exempt.

Freddie Mac Prices First Fixed-Rate Tax-Exempt ML Certificates. a new offering of credit risk transfer securities backed by Tax-Exempt Loans (TELs) made by state or local housing agencies and.

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Freddie Mac’s securitization was its first securitization of tax-exempt loans made by state or local housing agencies and secured by affordable rental housing.