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Market participants react to new Freddie Mac REMIC program

Freddie Mac last week announced the lead underwriters for its inaugural Reference REMIC security offering (see ASR 4/4/05). Lehman Brothers, Morgan Stanley and UBS are the lead underwriters for Reference REMIC series R001, which is expected to have a 4.75% coupon and will be backed by two 15-year 5.0%...

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