Three agencies recently reaffirmed their ratings that show a strong belief in the depth and strength of Freddie Mac multifamily's asset management and operations.
"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.
Fitch Ratings affirmed the Commercial Master Servicer CMS2 and Commercial Special Servicer CSS2- ratings that reflect Freddie Mac's ability to service and work out loans backed by apartment buildings with five or more units.
Morningstar Credit Ratings affirmed the MOR CS2 commercial mortgage special servicer ranking and MOR TA3 commercial mortgage trust advisor ranking for Freddie Mac. These rankings reflect the quality of the Freddie Mac Multifamily asset management, operations, staff expertise, timely reporting and asset resolution practices, as well as the business's ability to monitor the information provided by servicers.
Standard & Poor's Ratings Services affirmed its overall ABOVE AVERAGE ranking on Freddie Mac as a commercial loan master servicer. The ranking reflects the quality of the multifamily management team, effective training, audit and technology systems, and comprehensive servicer oversight program.
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 Sept. 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.