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04

Freddie Mac Securitizes First Multifamily Small Loans

By Tony Seruga

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Freddie Mac headquarters

McLEAN, VA—Freddie Mac has securitized its first portfolio of multifamily small loan balances, several months after launching the lending program.

It is a new type of security, falling under the GSEs’ rubric of transferring as much credit risk as possible to the private sector. Called SB Certificates, the first series is launching with some $108 million in loans in the pool. It is expected to price this week and settle on Aug. 18, 2015.

Going forward, Freddie Mac expects to originate some $100 million to $125 million in SB Certificates every two weeks or so, Mitchell Resnick, vice president of Freddie Mac Multifamily Capital Markets, tells GlobeSt.com…

Freddie Mac Securitizes First Multifamily Small Loans

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