McLEAN, VA-Freddie Mac has just gone to marketwith its last K-Certificate of the year, a plain vanilla offeringworth approximately $1.1 billion. It was a fittingcap to 2012, which, in fact, saw several unique structuresintroduced by the GSE's multifamily finance operation: it rolledout floating-rating K-Certificates, fully-wrapped securities and five-year paper.

The market can expect more of the same mix of new and standarddeals in 2013, Mitch Resnick, vice president ofMultifamily Capital Markets for Freddie Mac, tells GlobeSt.com. "Wehope to continue with those transactions while maintaining theissuance of consistent paper," Resnick says. For the most part,however, the GSE has focused on coming to market on a steady basiswith its standard K-Certificates, such as the one this week. Thesecurities are expected to price the week of Dec. 3, and settle onor about Dec. 21, 2012.

It is Freddie Mac's seventeenth K Certificate offering this yearand is backed by 76 recently-originated multifamily mortgages thatare guaranteed by the GSE. By the end of the year the GSE will havebrought to market over $21 billion in K-Deals,through 17 different offerings. That is anapproximately 50% increase over its 2011 issuance.