Freddie Mac is coming to market with a $1.1 billion MBS backed by multifamily loans. The various passthrough certificates in the bond are collateralized by 68 recently originated multifamily mortgages from Freddie approved seller/servicers.
It is the second of six such issuances anticipated during 2010. These "K-006" certificates, which will price on or about March 25 and settle 10 days later, will be offered by several dealers lead by JPMorgan Securities and Bank of America Merrill Lynch.
Co-managers for the transaction include Deutsche Bank Securities, Goldman Sachs, Jefferies & Co. and Sandler O'Neill.