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Freddie Mac Securitizes First Multifamily Small Loans

McLEAN, VA—The securitization is similar in structure to Freddie Mac's K Deals except that there is only one originator and it is retaining the subordinate piece, Mitch Resnick tells GlobeSt.com's Erika Morphy.

By Erika Morphy | Updated on August 03, 2015

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.

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