McLEAN, VA-Freddie Mac is going to market with an offering of Structured Pass-Through Certificates, or K certs—the GSE’s brand of multifamily mortgage-backed securities. Freddie expects to price the approximately $1.1 billion in K certificates this week and settle on or about Aug. 14. This is its 10th K-cert offering this year. If it seems as though the GSE just went to market with its ninth,  that’s because it did.  In the second week of July it rolled out a $1.1-billion offering that was set to settle on July 26.

On average, Freddie Mac has been offering its K certificates every three weeks, a spokeswoman tells GlobeSt.com. “The length of time between offerings varies a bit,” she notes. “Sometimes it’s five weeks, sometimes it’s two.” She attributes the stepped-up pace to the strong demand for multifamily securities and loans.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.