Tag Archives: STACR

Freddie Mac’s Single-Family business announced that its Credit Risk Transfer (CRT) program reported Q2 2022 CRT issuance of approximately $6.5 billion, protecting approximately $151 billion in unpaid principal balance (UPB) of single-family mortgages. The final total was a record for a second ...

Freddie Mac, in conjunction with J.P. Morgan and BNP Paribas as co-lead managers and bookrunners, recently announced the price of its fourth Structured Agency Credit Risk (STACR) debt note offering at $787.5 million. Mortgages in the reference pool have an unpaid principle balance of $31.6 billion. STACR is an ongoing effort to transfer a portion of its mortgage credit risk to private investors.

A look back at Freddie Mac's credit risk transferring for this year as well as what the GSE has in store for 2017.

Freddie Mac recently priced its sixth Structured Agency Credit Risk (STACR) debt notes offering, according to a report from the GSE.

Kroll Bond Rating Agency recently reported that they assigned preliminary ratings to nine classes of notes from Freddie Mac’s STACR.

Freddie Mac intends to sell its sixth offering this year of Structured Agency Credit Risk (STACR) debt notes, pending market conditions.

With the first 21 offerings, Freddie Mac’s STACR issuances to date covered 29.38 percent of the agency’s total book of business.

Freddie Mac has now transferred a substantial portion of credit risk for more than $422 billion in unpaid principal balance on single-family mortgages.

Freddie Mac began its credit risk transfer sharing initiatives in 2013 as a way to transfer a portion of the risk on residential single-family mortgages to private investors and away from taxpayers.

Two and a half years after launching the first credit risk transfer program, Freddie Mac has succeeded in the transferring of a substantial portion of credit risk on more than $385 billion in single-family mortgages.