Freddie Mac Announces Pricing of $290.6 Million Multifamily Small Balance Loan Securitization

MCLEAN, VA--(Marketwired - Mar 15, 2017) - Freddie Mac (OTCQB: FMCC) announces the pricing of the SB28 offering, a multifamily mortgage-backed securitization backed by small balance loans underwritten by Freddie Mac and issued by a third-party trust. The company expects to guarantee approximately $290.6 million in Multifamily SB Certificates (SB28 Certificates), which are anticipated to settle on or about March 27, 2017. Freddie Mac Small Balance Loans generally range from $1 million to $6 million and are backed by properties with five or more units. This is the third SB Certificate transaction in 2017.

SB28 Pricing

Class		Principal/Notional Amount (mm)		Weighted Average Life (Years)		Spread (bps)		Coupon		Yield		Dollar Price
A-5H		$124.314		4.06		S + 45		2.7200%		2.5608%		$100.4816
A-7F		$18.924		5.51		S + 47		2.8500%		2.7366%		$100.4627
A-7H		$22.870		5.48		S + 70		3.0800%		2.9637%		$100.4666
A-10F		$86.862		7.25		S + 67		3.1600%		3.0747%		$100.4573
A-10H		$37.691		7.32		S + 95		3.4046%		3.3585%		$99.7929
X1		$322.958		5.13		Non-Offered

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