MCLEAN, VA--(Marketwired - Oct 17, 2013) - Freddie Mac (OTCQB: FMCC) today received a commercial mortgage special servicer ranking of MOR CS2 and a commercial mortgage trust advisor ranking of MOR TA3 from Morningstar Credit Ratings, LLC. The forecast for both rankings is Stable. The rankings reflect the quality of the Freddie Mac Multifamily asset management, operations, staff expertise, timely reporting and asset resolution practices, as well as the business's ability to monitor the information provided by servicers.
This is the third rating that Freddie Mac Multifamily has received for its asset management capabilities. In June 2013, the company received a commercial loan master servicer ranking of Above Average from Standard & Poor's. In November 2012, it received an initial commercial mortgage-backed securities (CMBS) special servicer rating of CSS2- from Fitch Ratings.
Attribute to Michael Lipson, senior vice president of Multifamily Asset Management and Operations for Freddie Mac
- "We pursued these rankings from Morningstar to confirm the strength of our operations and asset management capabilities, and to add credibility to what we do in the marketplace."
- "The Morningstar special servicer and trust advisor rankings further demonstrate what we know is one of our key strengths -- our people, whose experience and expertise make possible our consistently excellent performance in the commercial mortgage servicing marketplace."
- "We have among the industry's lowest delinquency rates which is further testament to the strength of our people, operations and systems."
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 one in four homebuyers and is one of the largest sources of financing for multifamily housing. www.FreddieMac.com. Twitter: @FreddieMac