Experienced senior management team; Effective employee training and development program; Historically low mortgage loan delinquency rates; Integrated and effective technology systems; Financial support and implicit guarantee from the U.S. government; Comprehensive sub-servicer (Seller/Servicer) oversight program; A sound audit and control environment, albeit with a longer than average internal audit cycle (24-36 months); Homogenous multifamily property portfolio, with no commercial property types; and Currently in conservatorship, with an uncertain future. Standard&Poor's Ratings Services' affirmed its overall ABOVE AVERAGE ranking on Freddie Mac Multifamily Asset Management and Operations (AMO) as a commercial loan master servicer. The ABOVE AVERAGE ranking primarily reflects our positive view of the company's experienced management team and effective staff training, its integrated technology systems, and a
