MCLEAN, Virginia, Jan.15, 2021 (GLOBE NEWSWIRE) – Freddie mac (OTCQB: FMCC) announces pricing for SB82, a securitization backed by multi-family mortgages backed by low-balance loans underwritten by Freddie Mac and issued by a third-party trust. The company plans to issue around $ 405 million in SB certificates (SB82 certificates), which are expected to settle on or around January 22, 2021. Freddie Mac Small Balance loans typically range from $ 1 million to $ 7.5 million. dollars and are generally backed by properties with five or more units. This is the first SB Certificate transaction in 2021.

SB82 price

Details:

Freddie Mac guarantees four classes of principal and senior interest and one class of interest-only securities issued by the FRESB 2021-SB82 Mortgage Trust. Freddie Mac also acts as the mortgage seller and senior manager of the trust. In addition to the four classes of securities guaranteed by Freddie Mac, the trust will issue certificates consisting of Class B and Class R certificates, which will not be guaranteed by Freddie Mac and will be sold to private investors.

The Optigo^® Small loan balance (SBL) was first announced in October 2014, and extends the company’s continued efforts to better serve less populated markets and provide additional liquidity to smaller apartment buildings. Freddie Mac has a specialized network of Optigo sellers / repairers and Optigo SBL lenders with extensive experience in this market who provide loans across the country.

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This announcement does not constitute an offer to sell any Freddie Mac securities. Offers for any given security are only made through the applicable offering circulars and related supplements, which incorporate Freddie Mac’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, filed with the Securities and Exchange Commission (SEC) on February 13, 2020; all other reports filed by Freddie Mac with the SEC in accordance with Section 13 (a) of the Securities Exchange Act of 1934 (Exchange Act) since December 31, 2019, excluding any information “provided” to the SEC on Form 8-K; and all documents that Freddie Mac files with the SEC in accordance with Sections 13 (a), 13 (c) or 14 of the Exchange Act, excluding any information “provided” to the SEC on Form 8- K.

Freddie Mac’s press releases sometimes contain forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, some of which are beyond the control of the company. Management’s expectations for the future of the Company necessarily involve a number of assumptions, judgments and estimates, and various factors could cause actual results to differ materially from the expectations expressed in these forward-looking statements and ‘others. These assumptions, judgments, estimates and factors are discussed in the company’s annual report on Form 10-K for the year ended December 31, 2019, and its reports on Form 10-Q and Form 8-K, which are available at the Investor Relations site. company website page at www.FreddieMac.com/investisseurs and the SEC website at www.sec.gov. The company makes no commitment to update any forward-looking statements it makes to reflect events or circumstances occurring after the date of this press release. The Multi-Family Investor section of the company’s website at https://mf.freddiemac.com/investors/ will also be updated, from time to time, with information on significant developments or other events that may be of importance to investors, and we encourage investors to regularly access this website for such updated information.

The financial and other information contained in the documents accessible on this page are only valid as of the date of these documents. The information could be out of date and no longer accurate. Freddie Mac assumes no obligation, and disclaims any duty, to update the information contained in these documents.

Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our inception by Congress in 1970, we’ve made housing more accessible and affordable for buyers and renters in communities across the country. We are building a better housing finance system for buyers, tenants, lenders and taxpayers. Learn more about FreddieMac.com, Twitter @FreddieMac and Freddie Mac’s blog FreddieMac.com/blog.

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