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

The company announced the pricing of two separate single-class securities each backed by one fixed-rate, multifamily tax-exempt loan. The first, WE0001, is backed by a loan totaling approximately.

The first transaction includes a series of $292 million in ML certificates backed by tax-exempt loans on 25 properties, and another series of $18.5 million in certificates backed by taxable subordinate loans on three of the same properties.

MCLEAN, Va., March 25, 2019 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) recently priced a new offering of credit risk transfer securities backed by Tax-Exempt Loans (TELs) made by state or local housing agencies and secured by affordable rental housing. This is the company’s fifth ML Certificate offering, and the first to offer fixed-rate.

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").

This milestone sets freddie mac apart as an industry leader, through its numerous. the credit risk on loans awaiting sale into other K-Series securitizations; the tel multi pc, the first.

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 is broadening its capital markets vehicles with its first offering of multifamily participation certificate securities backed by tax exempt loans. State or local housing agencies made.

Use of Cash-Backed Tax-Exempt Short-Term Bonds with Broader Range of Taxable Loans Short-term cash-backed tax-exempt bonds are now being used in any scenario where Borrower can achieve lower borrowing rates and/or lower negative arbitrage than through a taxable loan as compared to a long-term tax-exempt municipal debt structure. Also now.

Affordability improves, but tight home supply prevents real progress And though his plan to end the Federal Reserve would rack up $400 billion in transition cost (and, if we’re being real about. We’re slowly improving for the right reasons: more jobs, more credit.

MCLEAN, Mar 25, 2019 (GLOBE NEWSWIRE via COMTEX) — Freddie. securities backed by Tax-Exempt Loans (TELs) made by state or local housing agencies and secured by affordable rental housing. This is.

Freddie Mac (OTCQB: FMCC) today expanded its support for affordable housing with a new series of credit risk transfer securities backed by Tax-Exempt Loans (TELs) made by state or local housing agencies and secured by affordable rental housing. The company recently priced approximately 0.5.

Black Knight’s earnings up on 7% growth in software revenue That followed of the heels of announcements of predicted 20% revenue growth in. Estimize, a software platform that uses crowdsourcing from hedge-fund executives, brokerages, buy-side analysts and.CoreLogic appoints COO Frank Martell as president and CEO corelogic named frank Martell as president and CEO of the Irvine, CA-based real estate data and analytics firm. The appointment comes after former president and CEO Anand Nallathambi passed away on March 2, 2017, following a brief illness. Last month, Nallathambi took a medical leave of absence, and Martell assumed interim CEO and president roles..