Freddie Mac is expected to sell nearly $1 billion of bonds backed by multifamily loans today, according to a source.

This would be the first securitization of commercial or multifamily mortgages in nearly a year.

The sale, led by Deutsche Bank AG, would help Freddie raise liquidity and support the troubled multifamily market.

In recent years both Freddie and Fannie Mae have held most of the multifamily loans they purchased on their books. This year, however, both government-sponsored enterprises have said they were preparing to rev up securitization of such loans.

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