Freddie Mac Prices $568 Million K-Deal, K-W04, Supporting Affordable Multifamily Housing for Low- and Moderate-Income Working Families

MCLEAN, VA--(Marketwired - Mar 23, 2018) - Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates) backed by fixed-rate mortgages on multifamily properties affordable to working households earning low- to moderate-incomes. The company expects to issue approximately $568 million in K Certificates (K-W04), which are expected to settle on or about March 29, 2018. K-W04 is the fourth K-Certificate issued under the K-W series.

The underlying mortgages backing K-W04 are on workforce properties, which have rents that are affordable to individuals earning 80 percent or less of their area median income, excluding high cost housing markets. K-W04 Certificates are guaranteed by Freddie Mac.

"We are pleased to offer our fourth securitization focused exclusively on workforce housing, which will continue to provide liquidity to this important portion of the multifamily market," said Robert Koontz, vice president of Multifamily Capital Markets. "The K-W series allows investors to responsibly support rental housing affordable to low- and moderate-income families, and we're proud to continue our work in this critical area."

K-W04 Pricing

Class		Principal/ Notional Amount (mm)		Weighted Average Life (Years)		Discount Margin		Coupon		Dollar Price
A		$568.346		8.72		24		1 mo LIBOR + 24		$100.0000
X		$631.496		9.06		Not Offered

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