Freddie Mac Multifamily announced the company will soon launch a new product offering, Multifamily Giant Participation Certificates (Multifamily Giant PCs), which are single-class pass-through securities collateralized by existing Freddie Mac Multi PCs and/or Multifamily Giant PCs. Multifamily Giant PCs boost execution by consolidating individual Multi PCs and/or Multifamily Giant PCs into a larger security, providing investors with maximum flexibility to select and execute their own pooling and re-securitization strategies. Multifamily Giant PCs also enable investors to manage their portfolios more economically and efficiently.

In addition, Multifamily Giant PCs will increase opportunities for impact offerings such as Freddie Mac?s mission-driven Social Bonds. Beginning July 1, Freddie Mac initially will offer two types of Multifamily Giant PCs: taxable fixed-rate and tax-exempt Giant PCs.