Freddie Mac Expands into Single-Family Rental Bond Business
Freddie Mac (OTCQB: FMCC) has expanded its support for affordable housing with a new securities offering backed predominantly by single-family rental (SFR) properties.
In its inaugural offering, Freddie Mac expects to issue $161 million in bond certificates, which includes 59 loans originated primarily by CoreVest American Finance Lender LLC. The borrowers were not identified.
The underlying mortgage loans secured by 2,355 properties including…