Freddie is boosting their last product before Fannie and Freddie meet their cap for the year. Even though we have just started the second quarter, originations started high this year. Fannie Mae ended February with $6.9 Billion in new business. Compared to last year's numbers, that is $4.5 Billion more in new business. Needless to say, both Fannie and Freddie are starting off strong with unpredicted numbers.

For strong markets, Freddie is rolling out a pretty competitive small balance product. Details are as listed below:

• Available Fixed Term: 5,7 & 10 Year and Hybrid ARMS
• Interest Only Available for Fixed Terms
• Amortization Period: 30 Years
• Loan Amounts: $1MM--$5MM
• Maximum LTV: 80%
• Minimum DSCR: 1.20x
• Prepayment Penalty: Stepdown
• Interest Rate for: 5 Year Fixed-- 3.07% 7 Year Fixed-- 3.75% 10 Year Fixed-- 3.89%
• Application Fee: $6,000 (Includes Legal)
• Only Real Estate Taxes Escrowed
• Preferred # of Units: 5-50