Freddie Mac is making it easier for investors to track the performance and credit quality of its multifamily MBS known as 'K Certificates.'
Beginning Jan. 17, anyone can register and gain access to a free K Certificates database on Freddie's website. Currently, investors have to rely on Bloomberg or Trepp for this information.
"The Multifamily Securities Investor Access tool on Freddie Mac's website is designed to increase transparency and save investors time by providing easy access to all post-securitization data from investor reporting packages for the securities underlying the related series of K Certificates," the GSE said.
Freddie launched its K-Certificate program in 2009. It is now the GSE's only active multifamily securitization route.
There are currently $22 billion of outstanding K-Certificates. In 2011 Freddie issued $13.7 billion of K-Certificiates.
The GSE generally issues K-Certificates every month. Usually, the bonds are backed by $1 billion to $1.2 billion of multifamily loans.