Freddie Mac Prices $1 Billion Multifamily K-Deal, K-724

MCLEAN, VA--(Marketwired - Jan 20, 2017) - Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are backed by underlying collateral consisting of fixed-rate multifamily mortgages with predominantly 7-year terms. The company expects to issue more than $1 billion in K-724 Certificates, which are expected to settle on or about January 25, 2017.

K-724 Pricing
Class		Principal/Notional Amount (mm)		Weighted Average Life (Years)		Spread (bps)		Coupon		Yield		Dollar Price
A-1		$224.063		4.67		S + 37		2.7760%		2.2919%		$101.9991
A-2		$720.155		6.66		S + 46		3.0620%		2.5530%		$102.9949
A-M		$64.511		6.83		S + 53		3.1340%		2.6357%		$102.9954
X1		$944.218		5.82		Not Offered
XAM		$64.511		6.58		Not Offered
X3*		$82.106		6.62		T + 385		1.8768%		6.0721%		$10.3723

* 50% of the Class X3 notional size