Freddie helps investors gauge risk in multifamily K-certificates

Freddie Mac is launching a database tool to help investors and analysts comb through loan-level data tied to K-certificates backed by multifamily mortgages.

The new tool is part of Freddie’s push to increase transparency as the mortgage finance space tries to develop a sound model for bringing investors confidently back into the market.

The government-sponsored enterprise said the free tool launches Jan. 17, allowing investors to access post-securitization data on loans underlying K certificates, as well as property-level data, reports and supplements.

Through the tool, parties can access data on 1,300 loans that support $22 billion of securities. The GSE issues K certificates once a month.

“Investors want transparency and easy access to investment information. This new tool should enable anyone to easily track and analyze data for all our K-Deals,” said David Brinkman, SVP of Freddie Mac Multifamily. “We are making all the relevant information on our K-Deals freely accessible on a public website to eliminate the need for investors to go to each trustee or third party to get the standard investor reporting information.”

Write to Kerri Panchuk.

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