Freddie Mac saw its 2011 multi-family volume increase by 32% over 2010 to more than $20 billion. Of that total, $16.5 billion, or 81%, of new purchase volume was through the Capital Markets Execution program – the largest annual volume amount to date.
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Freddie securitized $13.7 billion in CME mortgages in 12 K Certificate transactions, guaranteeing $12 billion of the Series A certificates.
The delinquency rate in its multi-family portfolio was 22 basis points at year-end 2011.
David Brickman, senior vice president of Freddie Mac Multifamily, said, "Looking ahead, we expect robust growth in the multifamily market. The outlook is very positive due to solid fundamentals, demographics, low interest rates and strong capital flows into the sector."
