Freddie Mac Announces Pricing of $285 Million Multifamily Small Balance Loan Securitization

MCLEAN, VA--(Marketwired - Jul 21, 2017) - Freddie Mac (OTCQB: FMCC) announces the pricing of the SB35 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 $285 million in Multifamily SB Certificates (SB35 Certificates), which are anticipated to settle on or about July 28, 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 tenth SB Certificate transaction in 2017.

SB35 Pricing

Class		Principal/ Notional Amount (mm)		Weighted Average Life (Years)		Spread (bps)		Coupon		Yield		Dollar Price
A-5F		$7.126		4.13		S + 28		2.2500%		2.1016%		$100.4697
A-5H		$107.171		4.10		S + 47		2.4400%		2.2895%		$100.4659
A-7F		$16.111		5.60		S + 54		2.6000%		2.4861%		$100.4828
A-7H		$18.535		5.37		S + 70		2.7500%		2.6287%		$100.4898
A-10F		$116.087		7.32		S + 77		2.9300%		2.8429%		$100.4777
A-10H		$20.238		7.47		S + 96		3.1300%		3.0418%		$100.4948
X1		$316.965		5.82		Non-Offered

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