Freddie Enhances REMIC Program With Fixed-Rate Gold PC Eligibility
August 4, 2006
With interest-only mortgages now a growing component in Freddie Mac’s MBS lineup, the government-sponsored enterprise is making pools of these loans eligible for REMIC transactions. Beginning this month, Freddie Initial Interest fixed-rate Gold PC securities with prefixes H0, H1 and H2 can be packaged in real estate mortgage investment conduits. The interest-only fixed-rate Gold PCs can be mixed with regularly amortizing fixed-rate Gold PCs of the same coupon and term. …