The Federal Home Loan Mortgage Corporation, responding to complaints that its return to the multi-family market is limited initially to refinancings, has pledged to begin securitizing originations as soon as possible--by the end of the year, perhaps.

But Thomas J. Watt, senior vice president for multifamily operations at Freddie Mac, was firm in his insistence that the company, badly burned in the multifamily market by the time it got out in September 1990, would move ahead only when it was certain that its own employees and the seller/servicers were ready for the task.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.