Freddie Mac on Friday began making adjustable-rate mortgages eligible for securitization into its K certificate multifamily mortgage-backed securities.

This is the latest in a succession of new multifamily products Freddie been adding as eligible for what it calls capital markets execution over the past two years. Other CME-eligible products have included loans for student and senior housing, conventional structured finance pools and loans for targeted affordable housing. K certificates are backed by selected loans purchased through Freddie’s capital markets execution.

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