trending Market Intelligence /marketintelligence/en/news-insights/trending/KLg3MP6sAJ0JDuDQUii-eQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Freddie Mac to sell $198.9M of seasoned loans

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Freddie Mac to sell $198.9M of seasoned loans

FreddieMac reached a binding commitment to sell via auction 846 seasonedloans that it currently guarantees and holds in its mortgage-relatedinvestments portfolio.

The transaction is expected to settle in October.

The loans have an unpaid principalbalance of $198.9 million and were serviced by JP Morgan Chase Bank NA.

Upon completion of collateral due diligence, , thewinning bidder, will purchase and simultaneously securitize the loans.

Credit Suisse Securities (USA) LLC, J.P. Morgan SecuritiesLLC and First Financial Network Inc. served as advisers to Freddie Mac on thetransaction.