Freddie Mac has been steadily issuing new CME securities every month or two. Below are the two newest securities. These are mostly full of securities law stuff, but they each haveinteresting exhibits showing information about specific deals. This shows details about each property and loan in the pool. It’s interesting stuff. spc series K 013 [...]
Freddie just issued another CME security circular. This consists of about $1 Billion of mortgages with an expected closing date of March 31, 2011. The offering can be found at this link; http://www.freddiemac.com/mbs/data/k011oc.pdf. Lots of interesting stuff. I particularly pay attention to the loan details on Pages 317 through 328. This outlines the loan and property information [...]
Freddie Mac is going to market with another CME security. This is for about $1.4 billion secured by 76 loans covering 81 properties located around the country. The offering circular has lots of interesting data points. For someone looking at values today this can provide the appraised values on all these properties. It also provides all [...]
Freddie has just went to market with another CME security. This contains 70 loans originated across the country. These loans were mainly 10 year loans with LTVs ranging from 35% to 79.9%. Loan sizes ranged from a low of $1.6 million (part of a package) loan on a property in Boca Raton, Fla to a $78.5 [...]
For those of you getting loans through Freddie Mac you are probably using their CME execution. From my perspective it’s the best loan available today. However, it is a CMBS type execution so be prepared to show the world your shorts. The publicly filed offering circular is available to all. Check out schedule A page 308-324. This tells [...]