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Article: Freddie Mac Launches Reference REMIC(SM) Securities; Product Innovation Provides More Predictable, Transparent Investment Options for the Mortgage-Backed Securities Market.
- Article from:
- PR Newswire
- Article date:
- March 30, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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McLEAN, Va., March 30 /PRNewswire-FirstCall/ -- Freddie Mac today announced the launch of Reference REMIC(SM) securities, structured mortgage-backed securities investments for global investors. The inaugural Reference REMIC is expected to settle in April 2005, and will be distributed by a multi-tiered dealer syndicate.
"Freddie Mac is delighted to introduce Reference REMIC securities," said Patricia Cook, Freddie Mac executive vice president, investments and capital markets. "These securities are designed to further our housing mission by broadening the investor base for our mortgage-backed securities. Reference REMIC securities feature the hallmarks of ...