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Freddie Mac Announces Structured Pass-Through Certificates Backed only by 7-Year Multifamily Mortgages

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RISMedia, June 8, 2011—Freddie Mac (OTC: FMCC) announced recently its second offering of Structured Pass-Through Certificates (“K Certificates”) backed only by multifamily mortgages with a 7-year term. The company expects to offer approximately $1.0 billion in K Certificates (“K-702 Certificates”), which are expected to price the week of June 6, 2011, and settle on or about June 29, 2011.

The K-702 Certificates will be offered to the market by a syndicate of dealers led by J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC as co-lead managers and joint bookrunners for the transaction. Bank of America Merrill Lynch, Barclays Capital Inc., Credit Suisse Securities (USA) LLC, and Jefferies & Company, Inc. have been named as co-managers for the transaction. The K-702 Certificates are backed by 72 recently originated multifamily mortgages and are guaranteed by Freddie Mac.

Freddie Mac is a leading issuer of agency-guaranteed structured multifamily securities and has brought to market seven K-deals this year, with an issuance size of about $1 billion each. They feature a wide range of investor options with stable cash flows and a structured credit enhancement. K-deals include guaranteed senior and interest only classes. The related underlying private label trust includes unguaranteed mezzanine, subordinate and interest only bonds.

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation’s residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters. www.FreddieMac.com

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