Freddie Mac is not providing interviews or discussing thependingprogram in detail because it hasn't been finalized yet, aspokeswomantells GlobeSt.com. However, she did say that the mezzfinancing wouldbe provided by a third party and that Freddie Macwould work withseveral mezz lenders for the program.

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The news was first reported in Nasdaq.com, which also said that the programcould be used to by the lenders to acquire B pieces from newFreddie Mac CMBS. According to Nasdaq, Freddie Mac will originatelower-leverage senior debt and then work with one of the mezzlenders in the program to provide additional leverage, up to85%.

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Freddie Mac's David Brickman, VP of multifamily capital marketsandCMBS gave GlobeSt.com a hint of what was coming in aninterviewconducted in mid-January. The GSE plans to broaden anddeepen its capabilities where possible,he told GlobeSt.com. Forexample, it is looking to introducefully-guaranteed securities toaccommodate financing needs of moreborrowers--such as deals thatare difficult to sell because they aremore highly structured. "Ingeneral we are moving more fully to asecuritization model where thevast majority of assets are purchasedand securitized."

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