Freddie set to launch new online K certificate database

A new database tool is set to be launched by Freddie Mac that will make it easier for investors and analysts to search through data associated with Multifamily K-Deals, also known as K certificates, that are backed by multifamily mortgages.

A new database tool is set to be launched by Freddie Mac that will make it easier for investors and analysts to search through data associated with Multifamily K-Deals, also known as K certificates, that are backed by multifamily mortgages.

Experts believe that the introduction of the tool is part of a push to increase transparency within the mortgage finance industry and could create more confidence among investors in the marketplace.

"Investors want transparency and easy access to investment information. This new tool should enable anyone to easily track and analyze data for all our K-Deals," said Freddie Mac senior vice president David Brinkman.

The new tool is set to be launched by the mortgage giant on January 17 and will give industry experts access to securitization data on loans that are underlying K certificates in addition to property data, real estate reports and supplements.

It's believed that the database will be made up of roughly 1,300 loans that account for nearly $22 billion in securities.    

Freddie Mac is making the data available to the public so that investors can easily access the and not be required to a approach a third for the information.



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