MCLEAN, VA--(Marketwired - Jul 8, 2016) - Freddie Mac (OTCQB: FMCC) today announced that the company will round, rather than truncate, the last digit of the factors for substantially all Single-Family and Multifamily mortgage-backed securities published on or after July 25, 2016. Currently, Freddie Mac factors are truncated after the last decimal place.
The methodology change is being made primarily in preparation for the Single Security, where Freddie Mac will match Fannie Mae's current factor calculation process. The change will also help ensure a consistent approach to factor calculation across our securities products.
Although factors for Freddie Mac Multifamily Gold PCs will not be impacted, the rounding methodology will be used in calculating and reporting the factors for virtually all Freddie Mac securities products, including but not limited to the following:
| Single-Family | Multifamily | Credit Risk Offerings |
| Gold PC/Giant | MF 75 PC | Whole Loan Securities |
| ARM PC/Giant | MF ARM PC | STACR |
| 75 PC/Giant | MF 55 PC | |
| Strips | MF TEBs | |
| REMICs | K-Deals, Q-Deals and Small Balance Deals | |
| T-Deals | ||
The methodology change is now reflected in the Freddie Mac Disclosure Guide pdf. For more information, contact Investor Inquiry at 800-336-3672 or Investor_Inquiry@FreddieMac.com.
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. Today Freddie Mac is making home possible for approximately one in four home borrowers and is the largest source of financing for multifamily housing. Additional information is available at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.
The financial and other information contained in the documents that may be accessed on this page speaks only as of the date of those documents. The information could be out of date and no longer accurate. Freddie Mac does not undertake an obligation, and disclaims any duty, to update any of the information in those documents. Freddie Mac's future performance, including financial performance, is subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect the company's future results are discussed more fully in our reports filed with the SEC.