2009-10-12 — housingwire.com
Freddie Mac priced its offering of structured pass-through certificates, or K Certificates, that consist of multifamily mortgage-backed securities (MBS).
The mortgage giant said late last week the $1.06bn in K Certificates — offered in late September — are likely to settle around Oct. 22. The certificates, priced at $101 apiece, garnered significant investor support and ultimately oversubscribed, according to Michael Cosgrove, a Freddie spokesperson.
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