SOUTHFIELD, Mich., Jan. 28, 2014 /PRNewswire/ -- Multi-Bank Securities, Inc., a Michigan-based, fixed-income securities broker-dealer announced today that it has been approved to underwrite debt securities for the Federal Home Loan Mortgage Corporation (FHLMC), also known as Freddie Mac. Multi-Bank Securities, Inc. joins an exclusive list of members to underwrite securities for Freddie Mac.
"We are thrilled to be a member of Freddie Mac's underwriting group," said Jim Powell, Senior Vice President of Multi-Bank Securities, Inc. Powell continued, "This will allow us to better serve our institutional clientele by being able to go directly to Freddie Mac to meet their needs."
Jeff Maccagnone, President of Multi-Bank Securities, Inc. concluded, "This approval marks another key moment in our firm's history and shows our continued commitment to provide value to our clients."
About Multi-Bank Securities, Inc.
Multi-Bank Securities, Inc. is an independent, fixed-income securities broker-dealer that has been serving institutional investors across the U.S. for more than 26 years. Multi-Bank Securities, Inc.'s customers include credit unions, banks, municipalities, money managers, and other institutional investors. As a veteran-owned business, Multi-Bank Securities, Inc. is an approved underwriter for Fannie Mae Securities and for the Federal Home Loan Banks. Multi-Bank Securities, Inc. underwrites wholesale deposits for institutions and operates its own online trading platform.
Headquartered in Southfield, Michigan, Multi-Bank Securities, Inc. has additional offices in Irondale, Alabama; Newport Beach, California; Glastonbury, Connecticut; Fort Lauderdale, Florida; Tallahassee, Florida; Marietta, Georgia; Pine Brook, New Jersey; and Columbus, Ohio. It has been named to the Inc. 500|5000 fastest-growing, privately-held companies list four consecutive years.
Multi-Bank Securities, Inc. is registered with the SEC and MSRB and Member of FINRA and SIPC.
Visit www.finra.org, to review Multi-Bank Securities, Inc.'s FINRA customer compliance record – CRD number 22098.
SOURCE Multi-Bank Securities, Inc.