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Freddie Mac reports that multi-family delinquencies increased to 0.21% in June, up from 0.07% in June 2022. This graph shows the Freddie multi-family serious delinquency rate since 2012.
Mortgage participation certificates, which Freddie Mac calls PCs, are also referred to as pass-through securities because the interest and principal payments are periodically passed through to investors from debtors after service fee deductions.
Freddie Macs Multifamily division serves as a stable source of rental housing financing through all economic cycles, with an emphasis on responsibly creating opportunities for affordable and sustainable rental housing in communities nationwide.
All Freddie Mac UMBS and Supers pools will be found in 8 UMBS prefixes (CL, CT, CI, CN, ZL, ZT, ZI, ZN). In addition Freddie Mac UMBS and Supers pool numbers begin with Q-Z1.
Freddie Mac Gold PCs are backed by fully amortizing mortgages. Gold PCs differ from U.S. Treasury securities and other fixed-income investments in two ways. First, they can be prepaid at any time since the underlying mortgages can be paid off by homeowners prior to a loans maturity.
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Giant PCs are single class pass-through securities that enable investors to manage their portfolios more efficiently by consolidating PCs into larger Giant PCs.

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