National Mortgage News (02/11/08) Vol. 32, No. 32, P. 1; Thangavelu, Poonkulali
Freddie Mac has announced plans to launch a new program that will securitize multifamily housing mortgages on a regular basis by purchasing and pooling the loans before securitizing them via a broker/dealer. The government-sponsored enterprise (GSE) views current market turmoil as the ideal time to look for opportunity in the multifamily securitization business. The program's first securitization should be completed by the end of this year. In terms of other plans for its multifamily business, the GSE hopes to make enhancements to its rehabilitation product and add more delegated lenders to its network.
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