{"id":398446,"date":"2020-12-11T16:11:34","date_gmt":"2020-12-11T21:11:34","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=398446"},"modified":"2020-12-11T16:11:34","modified_gmt":"2020-12-11T21:11:34","slug":"freddie-mac-announces-pricing-of-290-million-multifamily-small-balance-loan-securitization","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/freddie-mac-announces-pricing-of-290-million-multifamily-small-balance-loan-securitization\/","title":{"rendered":"Freddie Mac Announces Pricing of $290 Million Multifamily Small Balance Loan Securitization"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">MCLEAN, Va., Dec.  11, 2020  (GLOBE NEWSWIRE) &#8212; <a href=\"http:\/\/www.freddiemac.com\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Freddie Mac<\/a> (OTCQB: FMCC) announces the pricing of the SB81 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 issue approximately $290 million in SB Certificates (SB81 Certificates), which are expected to settle on or about December 18, 2020. Freddie Mac Small Balance Loans generally range from $1 million to $7.5 million and are generally backed by properties with five or more units. This is the twelfth SB Certificate transaction in 2020.<\/p>\n<p>\n        <strong>SB81 Pricing<\/strong>\n      <\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:14%;width:14%;min-width:14%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Class<\/strong>\n          <\/td>\n<td style=\"max-width:16%;width:16%;min-width:16%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Principal\/Notional<br \/>Amount (mm)<\/strong>\n          <\/td>\n<td style=\"max-width:14%;width:14%;min-width:14%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Weighted<br \/>Average<br \/>Life (Years)<\/strong>\n          <\/td>\n<td style=\"max-width:14%;width:14%;min-width:14%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Spread<br \/>(bps)<\/strong>\n          <\/td>\n<td style=\"max-width:14%;width:14%;min-width:14%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Coupon<\/strong>\n          <\/td>\n<td style=\"max-width:14%;width:14%;min-width:14%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Yield<\/strong>\n          <\/td>\n<td style=\"max-width:14%;width:14%;min-width:14%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Dollar<br \/>Price<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">A-5H<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">$64.047<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">4.11<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">22<\/td>\n<td style=\"border-bottom: solid black 1pt;border-right: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">0.7200%<\/td>\n<td style=\"border-bottom: solid black 1pt;border-right: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">0.5901%<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">100.4811<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">A-10F<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">$98.068<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">7.27<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">34<\/td>\n<td style=\"border-bottom: solid black 1pt;border-right: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">1.1100%<\/td>\n<td style=\"border-bottom: solid black 1pt;border-right: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">1.0393%<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">100.4331<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">A-10H<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">$128.134<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">7.19<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">49<\/td>\n<td style=\"border-bottom: solid black 1pt;border-right: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">1.2600%<\/td>\n<td style=\"border-bottom: solid black 1pt;border-right: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">1.1815%<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">100.4721<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">X1<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">$290.249<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">5.04<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">1,750<\/td>\n<td style=\"border-bottom: solid black 1pt;border-right: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">1.0777%<\/td>\n<td style=\"border-bottom: solid black 1pt;border-right: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">17.8545%<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">9.3861<\/td>\n<\/tr>\n<\/table>\n<p>\n        <strong>Details: <\/strong>\n      <\/p>\n<ul>\n<li>Co-Lead Managers and Joint Bookrunners: J.P. Morgan Securities LLC and Wells Fargo Securities, LLC<\/li>\n<li>Co-Managers: Multi-Bank Securities, Inc., Piper Sandler &amp; Co., Stifel, Nicolaus &amp; Company, Incorporated and Trust Securities, Inc.<\/li>\n<li>\n          <a href=\"http:\/\/www.freddiemac.com\/mbs\/data\/sb081oc.pdf\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">SB<\/a><br \/>\n          <a href=\"http:\/\/www.freddiemac.com\/mbs\/data\/sb081oc.pdf\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">81<\/a><br \/>\n          <a href=\"http:\/\/www.freddiemac.com\/mbs\/data\/sb081oc.pdf\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"> Certificates O<\/a><br \/>\n          <a href=\"http:\/\/www.freddiemac.com\/mbs\/data\/sb081oc.pdf\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">ffering Circular<\/a>\n        <\/li>\n<li>\n          <a href=\"https:\/\/mf.freddiemac.com\/docs\/mf_sbl_investor_presentation.pdf\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Small Balance Securitization Investor Presentation PDF<\/a>\n        <\/li>\n<\/ul>\n<p>Freddie Mac is guaranteeing three senior principal and interest classes and one interest only class of securities issued by the FRESB 2020-SB81 Mortgage Trust. Freddie Mac is also acting as mortgage loan seller and master servicer to the trust. In addition to the four classes of securities guaranteed by Freddie Mac, the trust will issue certificates consisting of Class B and Class R Certificates, which will not be guaranteed by Freddie Mac and will be sold to private investors.<\/p>\n<p>The\u00a0<a href=\"https:\/\/mf.freddiemac.com\/product\/sbl.html\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Optigo<\/a><a href=\"https:\/\/mf.freddiemac.com\/product\/sbl.html\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">\u00ae<\/a><a href=\"https:\/\/mf.freddiemac.com\/product\/sbl.html\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Small Balance Loan<\/a>\u00a0(SBL) origination initiative was first announced in October 2014, and expands the company\u2019s continuing effort to better serve less populated markets and provide additional liquidity to smaller apartment properties. Freddie Mac has a specialty network of Optigo Seller\/Servicers and Optigo SBL lenders with extensive experience in this market who source loans across the country.<\/p>\n<p>This announcement is not an offer to sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac\u2019s Annual Report on Form 10-K for the year ended December 31, 2019, filed with the Securities and Exchange Commission (SEC) on February 13, 2020; all other reports Freddie Mac filed with the SEC pursuant to Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act) since December 31, 2019, excluding any information &#8220;furnished&#8221; to the SEC on Form 8-K; and all documents that Freddie Mac files with the SEC pursuant to Sections 13(a), 13(c) or 14 of the Exchange Act, excluding any information \u201cfurnished\u201d to the SEC on Form 8-K.<\/p>\n<p>Freddie Mac\u2019s press releases sometimes contain forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, some of which are beyond the company\u2019s control. Management\u2019s expectations for the company\u2019s future necessarily involve a number of assumptions, judgments and estimates, and various factors could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements. These assumptions, judgments, estimates and factors are discussed in the company\u2019s Annual Report on Form 10-K for the year ended December 31, 2019, and its reports on Form 10-Q and Form 8-K, which are available on the Investor Relations page of the company\u2019s Web site at\u00a0<a href=\"http:\/\/www.freddiemac.com\/investors\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.FreddieMac.com\/investors<\/a>\u00a0and the SEC\u2019s website at\u00a0<a href=\"http:\/\/www.sec.gov\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.sec.gov<\/a>. The company undertakes no obligation to update forward-looking statements it makes to reflect events or circumstances occurring after the date of this press release. The multifamily investors section of the company\u2019s Web site at <a href=\"https:\/\/mf.freddiemac.com\/investors\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/mf.freddiemac.com\/investors\/<\/a> will also be updated, from time to time, with any information on material developments or other events that may be important to investors, and we encourage investors to access this website on a regular basis for such updated information.<\/p>\n<p>The financial and other information contained in the documents that may be accessed on this page speaks only as of the date of those documents. The information could be out of date and no longer accurate. Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.<\/p>\n<p>Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we\u2019ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders, and taxpayers. Learn more at\u00a0<a href=\"http:\/\/www.freddiemac.com\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">FreddieMac.com<\/a>, Twitter\u00a0<a href=\"https:\/\/twitter.com\/FreddieMac\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">@FreddieMac<\/a>\u00a0and Freddie Mac\u2019s blog\u00a0<a href=\"http:\/\/www.freddiemac.com\/blog\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">FreddieMac.com\/blog<\/a>.<\/p>\n<p>\n        <strong>MEDIA CONTACT:<br \/>Michael Morosi<\/strong><br \/>\n        <br \/>\n        <strong>703-918-5851<\/strong><br \/>\n        <br \/>\n        <strong>Michael_Morosi@FreddieMac.com<\/strong>\n      <\/p>\n<p>\n        <strong>INVESTOR CONTACTS:<br \/>Robert Koontz<\/strong><br \/>\n        <br \/>\n        <strong>571-382-4082<\/strong><br \/>\n        <br \/>\n        <strong>Amanda Nunnink<\/strong><br \/>\n        <br \/>\n        <strong>312-407-7510<\/strong>\n      <\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEwMTA5OCMzODY4MzM3IzIwODExNTY=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/12253693-62e3-4bac-95c7-34141792d981\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MCLEAN, Va., Dec. 11, 2020 (GLOBE NEWSWIRE) &#8212; Freddie Mac (OTCQB: FMCC) announces the pricing of the SB81 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 issue approximately $290 million in SB Certificates (SB81 Certificates), which are expected to settle on or about December 18, 2020. Freddie Mac Small Balance Loans generally range from $1 million to $7.5 million and are generally backed by properties with five or more units. This is the twelfth SB Certificate transaction in 2020. SB81 Pricing Class Principal\/NotionalAmount (mm) WeightedAverageLife (Years) Spread(bps) Coupon Yield DollarPrice A-5H $64.047 4.11 22 0.7200% 0.5901% 100.4811 A-10F $98.068 7.27 34 1.1100% 1.0393% 100.4331 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/freddie-mac-announces-pricing-of-290-million-multifamily-small-balance-loan-securitization\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Freddie Mac Announces Pricing of $290 Million Multifamily Small Balance Loan Securitization&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-398446","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Freddie Mac Announces Pricing of $290 Million Multifamily Small Balance Loan Securitization - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/freddie-mac-announces-pricing-of-290-million-multifamily-small-balance-loan-securitization\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Freddie Mac Announces Pricing of $290 Million Multifamily Small Balance Loan Securitization - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MCLEAN, Va., Dec. 11, 2020 (GLOBE NEWSWIRE) &#8212; Freddie Mac (OTCQB: FMCC) announces the pricing of the SB81 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 issue approximately $290 million in SB Certificates (SB81 Certificates), which are expected to settle on or about December 18, 2020. Freddie Mac Small Balance Loans generally range from $1 million to $7.5 million and are generally backed by properties with five or more units. This is the twelfth SB Certificate transaction in 2020. SB81 Pricing Class Principal\/NotionalAmount (mm) WeightedAverageLife (Years) Spread(bps) Coupon Yield DollarPrice A-5H $64.047 4.11 22 0.7200% 0.5901% 100.4811 A-10F $98.068 7.27 34 1.1100% 1.0393% 100.4331 &hellip; Continue reading &quot;Freddie Mac Announces Pricing of $290 Million Multifamily Small Balance Loan Securitization&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/freddie-mac-announces-pricing-of-290-million-multifamily-small-balance-loan-securitization\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-11T21:11:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEwMTA5OCMzODY4MzM3IzIwODExNTY=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/freddie-mac-announces-pricing-of-290-million-multifamily-small-balance-loan-securitization\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/freddie-mac-announces-pricing-of-290-million-multifamily-small-balance-loan-securitization\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Freddie Mac Announces Pricing of $290 Million Multifamily Small Balance Loan Securitization\",\"datePublished\":\"2020-12-11T21:11:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/freddie-mac-announces-pricing-of-290-million-multifamily-small-balance-loan-securitization\\\/\"},\"wordCount\":759,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/freddie-mac-announces-pricing-of-290-million-multifamily-small-balance-loan-securitization\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODEwMTA5OCMzODY4MzM3IzIwODExNTY=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/freddie-mac-announces-pricing-of-290-million-multifamily-small-balance-loan-securitization\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/freddie-mac-announces-pricing-of-290-million-multifamily-small-balance-loan-securitization\\\/\",\"name\":\"Freddie Mac Announces Pricing of $290 Million Multifamily Small Balance Loan Securitization - 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The company expects to issue approximately $290 million in SB Certificates (SB81 Certificates), which are expected to settle on or about December 18, 2020. Freddie Mac Small Balance Loans generally range from $1 million to $7.5 million and are generally backed by properties with five or more units. This is the twelfth SB Certificate transaction in 2020. 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