Freddie Mac Announces Tenth $1 Billion Multifamily Securities Offering This Year, K-019

Freddie Mac today announced a new offering of Structured Pass-Through Certificates ("K Certificates"), which are multifamily mortgage-backed securities.

McLean, Va.—Freddie Mac today announced a new offering of Structured Pass-Through Certificates (“K Certificates”), which are multifamily mortgage-backed securities. The company expects to offer approximately $1.1 billion in K Certificates (“K-019 Certificates”), which are expected to price the week of July 23, 2012, and settle on or about August 14, 2012. This is Freddie Mac’s tenth K Certificate offering this year.

The K-019 Certificates are backed by 83 recently originated multifamily mortgages and are guaranteed by Freddie Mac. The K-019 Certificates will be offered to the market by a syndicate led by Barclays Capital Inc. and Credit Suisse Securities (USA) LLC as co-lead managers and joint bookrunners. CastleOak Securities, LP, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, and Wells Fargo Securities, LLC will serve as co-managers. The K-019 Certificates include two senior principal and interest classes, one senior interest only class and a junior interest only class. Fitch, Inc. and DBRS, Inc. have been engaged to rate the three senior classes of K-019 Certificates, which are each expected to receive a rating of “AAA(sf),” subject to on-going monitoring.

Freddie Mac is a leading issuer of agency-guaranteed structured multifamily securities. K Certificates feature a wide range of investor options with stable cash flows and a structured credit enhancement. K-deals include guaranteed senior principal and interest, and interest only classes.

The preliminary offering circular supplement relating to the K-019 Certificates can be found at A Freddie Mac multifamily investor presentation on the K Certificate deal structure and multifamily loan portfolio performance data is available at Freddie Mac also has an online tool for investors and analysts, Multifamily Securities Investor Access.This is a central database that houses all post-securitization data from Investor Reporting Packages to help investors and analysts monitor K-Deal performance.