Tuesday, May 26, 2009

Freddie Mac announces multifamily funding program

By: AFX | 26 May 2009
NEW YORK, May 26 (Reuters) - Freddie Mac said on Tuesday it will expand its multifamily mortgage funding by $1 billion under a new debt issuance program to investors. The sale of 'K Certificates' is expected to settle in June and is backed by 62 newly originated multifamily mortgage loans. (Reporting by Caryn Trokie; Additional reporting by Patrick Rucker in Washington; Editing by James Dalgleish) Keywords: FREDDIEMAC MORTGAGES/ANNOUNCEMENT (caryn.trokie@thomsonreuters.com; Tel: +1 646-223-6318; Reuters Messaging: caryn.trokie.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.