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Freddie Mac Plans Regular Securitizations of Tax-Exempt Loans

McLEAN, VA--The GSE has enough collateral on its books that it will be able to issue these securitizations under its M series on a regular basis, David Leopold tells GlobeSt.com.

By Erika Morphy | Updated on October 24, 2016
Freddie Mac headquarters Freddie Mac headquarters

McLEAN, VA–Freddie Mac has expanded its yet again its tax-exempt loan program to include 30 year-fixed loans. It is a step beyond the 10-year to 18-year fixed-rate loans that the GSE had begun backing under a tax-exempt loan program for affordable housing that it launched two years ago.

But the really big news is that the GSE is planning to start securitizing all of the  loan products it has been making  under this program but has kept sitting on its books.

Starting in late Q1 or early Q2 Freddie Mac plans to launch a M-series securitization backed by TEL collateral,  David Leopold, VP of Multifamily Affordable Housing Production tells GlobeSt.com. The first transaction will be late in the first quarter or early in the second quarter. With two years worth of collateral on the books, Freddie Mac will be consistently in the market, Leopold says, although he declined to say what the average deal size would be.

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