Freddie Touts Record '06 MF Volume

Freddie Mac closed a record $28.8 billion in new multifamily business transactions in 2006, a 10% increase from $26.2 billion in 2005, according to the government-sponsored enterprise.The volume includes approximately $1.2 billion in targeted affordable housing products, which financed about 478,000 apartment homes affordable to families earning low or moderate incomes, Freddie Mac said. Other highlights of Freddie's multifamily business in 2006 include: over $12 billion through Freddie Mac's flow programs; over $2 billion through its structured programs, including more than $360 million in targeted affordable housing products and $1.4 billion in commercial mortgage-backed securities small-loans volume; approximately $1.5 billion in seniors housing mortgages related to the flow program; $500 million in low-income housing tax-credit investments; and over $14 billion in CMBS activity, excluding small-loans volume. The GSE can be found online at http://www.freddiemac.com.