June 7, 2017
McLean, VA-based Freddie Mac securitized more than $200 billion through its industry-leading K- and SB-Deal programs since 2009. The K and SB Certificates enable Freddie Mac to support multifamily housing by transferring the first-loss credit risk on the vast majority of loans it purchases to private investors, which reduces exposure to credit risk for the company and American taxpayers.
“The significant growth and evolution in our K-Deals have led to fundamental changes in multifamily housing finance,” said Freddie Mac’s David Brickman. “Today, investor demand is stronger than ever, our credit losses are virtually zero, and we continue to roll out new and innovative ways to transfer credit risk. In short, the K-Deal has allowed us to expand the amount of private capital flowing to multifamily apartment properties nationwide, keep rents affordable and minimize taxpayer exposure to risk.”
Freddie Mac currently securitizes about 90% of the multifamily mortgages it purchases through these programs.
For comments, questions or concerns, please contact Dennis Kaiser