DALLAS, Oct. 21, 2009 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring Freddie Mac (NYSE:FRE). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Freddie Mac (NYSE:FRE) should be of particular interest to other consumer financial services companies: CB Richard Ellis Group Inc. (NYSE:CBG), Jones Lang Lasalle Inc. (NYSE:JLL), Simon Property Group Inc. (NYSE:SPG) and Equity Residential (NYSE:EQR).
The report is available at: http://www.investorsoup.com/lp/FRE
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Freddie Mac (FRE) is engaged in purchasing residential mortgages and mortgage-related securities in the secondary mortgage market and securitizing them into mortgage-related securities that can be sold to investors. The Company purchases single-family and multifamily mortgage-related securities for its mortgage-related investments portfolio. It also purchases multifamily residential mortgages in the secondary mortgage market and holds those loans either for investment or sale.
In the report, the analyst notes:
"FRE this month purchased 13 crossed mortgage loans covering 13 properties and 4,513 units across the country from Deutsche Bank Berkshire Mortgage through a $500 million structured facility. The repeat borrower, Equity Residential, is the largest publicly traded owner of multifamily properties in the United States. The properties are located in California, Arizona, Washington State, Florida and Virginia, and were all built between 1985 and 2002. Almost 2/3 of the units are rented at levels that are affordable to residents with low or moderate incomes.
"The Company's access to the debt markets has improved since the height of the credit crisis in the fall of 2008. It attributes this improvement to the continued support of Treasury and the Federal Reserve. During the second quarter of 2009, the Federal Reserve continued to be an active purchaser in the secondary market of FRE's long-term debt under its purchase program as discussed below and, as a result, spreads on Company debt remained favorable. ... During the second quarter of 2009, the Company was able to increase its use of long-term and callable debt to fund its operations, and reduce the use of short-term debt."
To read the entire report visit: http://www.investorsoup.com/lp/FRE
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