MCLEAN, VA--(Marketwired - Dec 15, 2014) - Three agencies recently reaffirmed their ratings that demonstrate the depth and strength of Freddie Mac (
"These rankings demonstrate our strong operational capabilities and continued commitment to providing a best in class servicing standard for the Freddie Mac Multifamily business," said Michael Lipson, Multifamily asset management and operations senior vice president.
The Multifamily asset management and operations division is responsible for servicing the whole loan-guaranteed securities, tax-exempt bonds and other multifamily product lines, as well as servicing multifamily debt investments.
As of September 30, 2014, Freddie Mac had a multifamily whole loan portfolio of $51.7 billion, a multifamily investment securities portfolio of $25.8 billion, and a multifamily guarantee portfolio of $84.4 billion.
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Additional information is available at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.