Freddie Prices First K Deal Solely Backed By 5-yr Loans

28 Mar 2012

Freddie Mac has priced its $1.2 billion FREMF 2012-K501 Mortgage Trust, its first K-issuance of structured pass-through certificates backed solely by five-year mortgages.

Freddie Mac has priced its $1.2 billion FREMF 2012-K501 Mortgage Trust, its first K-issuance of structured pass-through certificates backed solely by five-year mortgages.

The deal’s $287.63 million A1 class, rated Aaa/AAA by Moody’s Investors Service and Morningstar, respectively, which priced to yield 1.315% at swaps plus 37 basis points. ...

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