Freddie Mac Multifamily Issued $65 Billion in 2022 Securities

Rhea-AI Summary

Freddie Mac (OTCQB: FMCC) reported the issuance of $65.1 billion in securities through its Multifamily risk transfer platform in 2022. Notably, the company settled $46.5 billion in K-Deals and $14.7 billion through When-Issued K-Deals. Multi PC issuance reached a record $11.6 billion, rising from $7 billion in 2021. Freddie Mac's commitment to affordable housing is evident, with $4.8 billion issued across Impact Bonds. Since 2009, it has settled $629 billion in Multifamily securities.

Positive

• Issued $65.1 billion in securities through the Multifamily risk transfer platform in 2022.
• Settled $46.5 billion in K-Deals and $14.7 billion in When-Issued K-Deals.
• Increased Multi PC issuance to $11.6 billion from $7 billion in 2021, a 66% growth.
• Issued $4.8 billion in Impact Bonds across Green, Social, and Sustainability offerings.

Negative

• None.

MCLEAN, Va., Jan. 12, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) issued $65.1 billion of securities through its Multifamily risk transfer platform in 2022. A leading issuer of multifamily securities, the company settled $46.5 billion in K-Deals^® and forwardly placed $14.7 billion through its When-Issued K-Deal^®. Freddie Mac Multifamily also increased issuance through its Multi PCs^® to $11.6 billion, up from $7 billion in 2021, leveraging MSCR Notes and MCIP reinsurance tools for back-end risk transfer.

“In the face of turbulent capital markets, Freddie Mac continued to provide a steady issuance of Multifamily securities throughout 2022,” said Robert Koontz, senior vice president of Multifamily Capital Markets for Freddie Mac. “With the support of our growing investor base, we also continued to diversify, optimize and innovate our risk transfer technologies. These efforts helped Freddie Mac reach new heights in our support of affordable and workforce housing throughout the county.”

Freddie Mac has settled $629 billion in Multifamily securities through its K-Deal and various other risk-transfer offerings since the inception of the program in 2009. In 2022, the company settled:

• $46.5 billion in K-Deals and $14.7 billion through When-Issued K-Deals
• $4.6 billion in SB-Deals^®
• $11.6 billion in Multi PCs (including $760 million in P-Deals)
• $2.3 billion M-Deals^®, ML-Deals^® and Q-Deals
• $193 million in MSCR Notes
• $4.8 billion of Impact Bonds issuance across various deal types

In 2022, Freddie Mac Multifamily expanded When-Issued K-Deal offerings, providing investors with an opportunity to purchase certain K-Deal certificates prior to K-Deal settlement.

Freddie Mac grew its Multi PC issuance from $7 billion in 2021 to a record $11.6 billion in 2022. PCs have a single-tier pass-through structure, are fully guaranteed and typically securitize a single mortgage.

The company bolstered its commitment to affordable, quality rental housing, issuing a combined $4.8 billion in securities across its three Impact Bonds offerings: Green, Social and Sustainability.

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've 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 FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.

MEDIA CONTACT: Mike Morosi
(703) 918-5851
Michael_Morosi@FreddieMac.com

FAQ

What is the total amount of securities issued by Freddie Mac in 2022?

Freddie Mac issued a total of $65.1 billion in securities through its Multifamily risk transfer platform in 2022.

How much did Freddie Mac settle in K-Deals in 2022?

Freddie Mac settled $46.5 billion in K-Deals in 2022.

What was the increase in Multi PC issuance from 2021 to 2022?

Multi PC issuance increased from $7 billion in 2021 to $11.6 billion in 2022.

How much did Freddie Mac issue in Impact Bonds?

Freddie Mac issued a total of $4.8 billion in Impact Bonds across various offerings.

Since when has Freddie Mac settled Multifamily securities?

Freddie Mac has settled Multifamily securities since the program's inception in 2009.