McLean, VA – November 22, 2010 – (RealEstateRama) — Freddie Mac (OTC:FMCC) today announced that generally beginning December 1, 2010, the company will issue Jumbo/Super Conforming Pools under the three following prefixes:
- T4: 15-Year Jumbo/Super Conforming Pools
- T5: 20-Year Jumbo/Super Conforming Pools
- T6: 30-Year Jumbo/Super Conforming Pools
The company also announced that Super Conforming mortgages will be eligible to back Freddie Mac Giant PCs issued under the following prefixes:
- T49000-T49999: 15-Year Jumbo/Super Conforming Pools
- T59000-T59999: 20-Year Jumbo/Super Conforming Pools
- T69000-T69999: 30-Year Jumbo/Super Conforming Pools
Until December 1, 2010, pools with these prefixes included only Jumbo Conforming mortgages authorized under The Economic Stimulus Act of 2008 and were labeled as Jumbo Conforming. After December 1, 2010, pools with these prefixes also will include Super Conforming and other high-balance loans authorized under the Housing and Economic Recovery Act of 2008 and other legislation and base conforming loans. After December 1, 2010, these pools will be re-labeled by Freddie Mac as Jumbo/Super Conforming.
This announcement is not an offer to sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac’s Annual Report on Form 10-K for the year ended December 31, 2009, filed with the Securities and Exchange Commission (“SEC”) on February 24, 2010, and all documents that Freddie Mac files with the SEC pursuant to Section 13(a), 13(c) or 14 of the Securities Exchange Act of 1934, excluding any information “furnished” to the SEC on Form 8-K.
Freddie Mac’s press releases sometimes contain forward-looking statements. A description of factors that could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements can be found in the company’s Annual Report on Form 10-K for the year ended December 31, 2009, and its reports on Form 10-Q and Form 8-K, filed with the SEC and available on the Investor Relations page of the company’s Web site at www.FreddieMac.com/investors and the SEC’s Web site at www.sec.gov .
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation’s residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters
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