Multifamily Q Certificates are structured pass-through securities backed by multifamily mortgage loans. Unlike K Certificates, Q Certificates are backed by an underlying trust that holds multifamily mortgage loans that were not underwritten by Freddie Mac at the time they were originated, and the loans may not have been purchased by Freddie Mac prior to securitization.
Like K Certificates, they feature a range of investor options which include fully guaranteed pass-through bonds or guaranteed senior and interest only bonds. The related underlying private label trust include unguaranteed mezzanine, subordinate and interest only bonds.
Freddie Mac securitizes multifamily loans via the Q Certificate senior/sub structure through the following steps:
Find the below items on the Lookup Tools page.
You will need to enter the Q-Deal Series Number, e.g., Q006. For Factors & Coupons, you will also need to enter the Class ID, e.g., A1.
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