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MarketScreener Homepage  >  Equities  >  OTC Bulletin Board - Other OTC  >  Freddie Mac    FMCC

FREDDIE MAC

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Freddie Mac : Filing Type ABS-15G

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10/15/2019 | 02:03pm EST

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM ABS-15G

ASSET-BACKED SECURITIZER

REPORT PURSUANT TO SECTION 15G

OF THE SECURITIES EXCHANGE ACT OF 1934

Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:

[_]

Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period _________ to __________.

Date of Report (Date of earliest event reported): ___________

Commission File Number of securitizer: ___________

Central Index Key Number of securitizer: ___________

(Name and telephone number, including area code,

of the person to contact in connection with this filing)

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1): [_]

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i): [_]

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii): [_]

[X]

Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2).

Central Index Key Number of depositor: 0001026214

Federal Home Loan Mortgage Corporation (as issuer of the Structured Pass-Through

Certificates, Series K-099) and FREMF 2019-K99 Mortgage Trust

(Exact name of issuing entity as specified in its charter)

Central Index Key Number of issuing entity (if applicable): 0001026214

Central Index Key Number of underwriter (if applicable): ___________

Robert Koontz (703) 903-2000

(Name and telephone number, including area code,

of the person to contact in connection with this filing)

INFORMATION TO BE INCLUDED IN THE REPORT

PART I: REPRESENTATION AND WARRANTY INFORMATION

N/A

PART II: FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS

Item 2.01 Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Issuer

See Report of Independent Accountants on Applying Agreed-Upon Procedures dated October 15, 2019, of PricewaterhouseCoopers LLP, attached as Exhibit 99.1 to this report.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: October 15, 2019

Federal Home Loan Mortgage Corporation,

as Depositor with respect to the Structured Pass-Through

Certificates, Series K-099, and as Securitizer with

respect to the FREMF 2019-K99 Mortgage Trust

By: /s/ Robert Koontz

Name: Robert Koontz

Title: Senior Vice President - Multifamily Capital Markets

EXHIBIT INDEX

Exhibit 99.1

Report of Independent Accountants on Applying Agreed-Upon Procedures dated October 15, 2019, of PricewaterhouseCoopers LLP.

Exhibit 99.1

Report of Independent Accountants on Applying

Agreed-Upon Procedures

Federal Home Loan Mortgage Corporation (the "Company")

8200 Jones Branch Drive

McLean, VA 22102

We ("us" or "PwC") have performed the procedures enumerated below, which were agreed to by the Company, J.P. Morgan Chase Commercial Mortgage Securities Corp. and J.P. Morgan Securities LLC, who are collectively referred to as the "Specified Parties", solely to assist you in performing certain procedures related to the accuracy of certain attributes and calculations within the Final Data File (defined below). The procedures were performed with respect to the Freddie Mac Structured Pass-Through Certificates, Series K-099 and Multifamily Mortgage Pass-Through Certificates, Series 2019-K99 securitization (the "Transaction"). The Company (the "Responsible Party") is responsible for the accuracy of the information contained in the Final Data File. The sufficiency of these procedures is solely the responsibility of the Specified Parties. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose.

Procedures and Findings

In connection with the Transaction, the Specified Parties have requested that the procedures be performed on 54 mortgage loans (the "Mortgage Loan Assets") secured by 54 mortgaged properties (the "Mortgaged Properties") which represents the entire population of mortgage loan asset(s) and mortgaged properties (collectively the "Collateral") within the Transaction.

This agreed-upon procedures engagement was not conducted for the purpose of satisfying any criteria for due diligence published by a nationally recognized statistical rating organization.

In addition, PwC should not be regarded as having in any way warranted or given any assurance as to the following items:

  • The completeness, accuracy, appropriateness, quality or integrity of any of the information provided by the Responsible Party, or any other party for the purpose of PwC performing the procedures agreed to by the Specified Parties. The procedures performed would not necessarily reveal any material misstatement of the amounts, balances, ratios, percentages or other relationships of the information included in the data provided to us;
  • The conformity of the origination of the assets to stated underwriting or credit extension guidelines, standards, criteria or other requirements;
  • The value of the Mortgaged Properties securing the Mortgage Loan Assets; and
  • The compliance of the originator of the assets with federal, state, and local laws and regulations.

We have not performed any procedures with respect to the fair value of the securities being offered in the Transaction and PwC expresses no opinion on the fair value of these securities. PwC should not be regarded as having performed any procedures other than those detailed in this report.

With respect to any terms or requirements of the Transaction documents that do not appear in the exhibits, we performed no procedures and, accordingly, the procedures we performed would not ensure that any requirements are satisfied. Further, we have performed only the following agreed-upon

PricewaterhouseCoopers LLP, 300 Madison Avenue New York NY 10017

T: (646) 471-3000, F: 813-286-6000www.pwc.com

1

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Freddie Mac - Federal Home Loan Mortgage Corporation published this content on 15 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 October 2019 18:02:06 UTC

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