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New REMIC sees strong demand

Freddie Mac priced its inaugural $1.25 billion Reference REMIC transaction to great fanfare last week, achieving a 50% oversubscription rate for the 15-year Gold 5% backed deal. Reference REMIC R-001, class AE, a guaranteed maturity class with an April 15, 2015 final, tightened to a 74/73 bid/ask on the...

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