The Federal Home Loan Mortgage Corp. is winding up a three-day road show today designed to build demand for its mortgage-backed securities in Europe.
"Freddie Mac securities have always sold well in Europe and elsewhere outside the United States," said Bob Ryan, vice president for mortgage securities marketing.
"In fact, we estimate that approximately 10% of our Gold PCs and Remics are owned by overseas investors. We expect to increase our penetration of this market in 1997, and these visits to top institutional investors will further that goal," he said.
The target cities were Paris, Munich, Germany, and Frankfurt.