“In 2023, Freddie Mac Multifamily delivered on our mission as a steady and consistent issuer in the rental housing market, underscoring our countercyclical role to provide liquidity and stability in the face of headwinds,” said
In 2023, Freddie Mac Multifamily rolled out its first fully guaranteed K-Deal that maintained the A-1 and A-2 bond profiles and credit ratings, which are a hallmark of fixed-rate K-Deals. The increase in Multi PC and fully guaranteed deal volume translated to successful executions of MSCR Notes and MCIP, which are reinsurance-based offerings that provide additional flexibility to transfer meaningful credit risk to the capital markets.
In another adaptation to market demand over the past year, Freddie Mac Multifamily issued the first 5-year K-Deal since 2016, closing eight 5-year transactions totaling
In 2023, the company settled:
$33.3 billion in K-Deals including$4.9 billion through When-Issued K-Deals$1.9 billion in SB-Deals®$15.1 billion in Multi PCs$2.3 billion in M-Deals®, ML-Deals® and Q-Deals$407 million in MSCR Notes
As part of Freddie Mac Multifamily’s ongoing commitment to affordable, quality rental housing, the company issued
Freddie Mac Multifamily is a national multifamily housing finance leader. Historically, more than 90% of the eligible rental units we fund are affordable to families with low-to-moderate incomes earning up to 120% of area median income.
Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More:
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MEDIA CONTACT:
703-388-7037
Melissa_Silverman@FreddieMac.com
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