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Freddie Mac creates each series of Multifamily Variable Rate Certicates (""Certicates'') and sells a

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The document outlines the offering of Freddie Mac's Class A Multifamily Variable Rate Certificates, which are securities representing ownership interests in pools of tax-exempt multifamily affordable housing bonds. It details Freddie Mac's guarantee of principal and interest payments, the structure and characteristics of the certificates, tax implications for investors, risks associated with investment, and various operational procedures related to payments and tenders. The document emphasizes the importance of understanding the complexities and risks before investing in these securities.

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