Freddie Mac Multifamily Receives Rankings From Morningstar

Posted by Patrick Barnard on October 18, 2013 No Comments
Categories : Residential Mortgage

Government-sponsored enterprise Freddie Mac has received a commercial mortgage special-servicer ranking of MOR CS2 and a commercial mortgage trust advisor ranking of MOR TA3 from Morningstar Credit Ratings LLC.

Morningstar's forecast for both rankings is stable. The rankings reflect the quality of the Freddie Mac Multifamily asset management, operations, staff expertise, timely reporting and asset resolution practices, as well as the business' ability to monitor the information provided by servicers, according to Morningstar.

Freddie Mac Multifamily says this is the third rating that it has received for asset management. In June, the company received from Standard & Poor's a commercial loan master-servicer ranking of above average. In November 2012, it received an initial commercial mortgage-backed securities (CMBS) special servicer rating of CSS2 from Fitch Ratings.

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