OREANDA-NEWS. Freddie Mac (OTCQB: FMCC) today announced that the company will round, rather than truncate, the last digit of the factors for substantially all Single-Family and Multifamily mortgage-backed securities published on or after July 25, 2016. Currently, Freddie Mac factors are truncated after the last decimal place.

The methodology change is being made primarily in preparation for the Single Security, where Freddie Mac will match Fannie Mae's current factor calculation process. The change will also help ensure a consistent approach to factor calculation across our securities products.

Although factors for Freddie Mac Multifamily Gold PCs will not be impacted, the rounding methodology will be used in calculating and reporting the factors for virtually all Freddie Mac securities products, including but not limited to the following:

     
Single-Family Multifamily Credit Risk Offerings
 Gold PC/Giant  MF 75 PC  Whole Loan
 Securities
 ARM PC/Giant  MF ARM PC  STACR
 75 PC/Giant  MF 55 PC  
 Strips  MF TEBs  
 REMICs  K-Deals, Q-Deals and Small Balance Deals  
 T-Deals