...OVERVIEW + We affirmed our overall ABOVE AVERAGE ranking on Freddie Mac as a commercial mortgage loan master servicer. The outlook is stable. + Our ranking primarily reflects our positive view of the company's experienced senior management team, effective staff training, integrated technology systems, sound audit and control environment, and comprehensive servicer oversight program. + We also considered the company's homogenous property portfolio, longer-than-average internal audit cycle, and ongoing Federal Housing Finance Agency (FHFA) conservatorship, which limits its ability to retain capital. + The financial position is SUFFICIENT. NEW YORK (S&P Global Ratings) Jan. 26, 2017--S&P Global Ratings today affirmed its ABOVE AVERAGE ranking on Freddie Mac as a commercial mortgage loan master servicer. The outlook is stable. The ranking pertains to the Asset Management and Operations group (AMO) within the Freddie Mac Multifamily division. Since 1993, Freddie Mac Multifamily, headquartered...