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Real Estate & Property Law

: Housing Wire

Freddie Mac Rolls Out New Re-REMIC Security for Investors

By PAUL JACKSON

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Freddie Mac (FRE: 0.87 0.00%) said Thursday morning that beginning with March 2009 REMIC settlements, the company will offer Reverse REMIC Giant PC securities, a new mortgage-related security intended to provide liquidity to the U.S. residential mortgage market and new options for investors. The Reverse REMIC program permits a pro-rata portion of all outstanding Freddie Mac [...]

Full post as published by Housing Wire on March 26, 2009 (boomark / email).

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