Freddie Mac has laid off a portion of credit risk on more than $281 billion in unpaid principal balance for single-family mortgages through 13 STACR offerings and seven Agency Credit Insurance Structure (ACIS) transactions. More than one million loans have been represented in those transactions.
Read More »Freddie Mac Prices Third STACR Offering of 2015 at More Than $1 Billion
The latest offering, STACR Series 2015-DNA1, represents a couple of firsts for Freddie Mac's STACR program: it is the enterprise's first transaction in which losses will be allocated based on actual losses realized on related reference obligations instead of using a fixed severity approach to allocate losses.
Read More »Freddie Mac Announces STACR’s Inaugural Actual Loss Transaction
While this STACR offering will be similar to Freddie Mac's recent STACR transactions, the difference will be that losses will be allocated based on actual losses realized on the related reference obligations as opposed to allocating losses to the debt notes based on a fixed severity approach.
Read More »Freddie Mac Announces Pricing For Second Structured Credit Risk Offering of 2015
Less than a week after announcing its intention to sell its second Structured Agency Credit Risk (STACR) offering this year, Freddie Mac announced on Tuesday that it has priced the offering at $860 million.
Read More »Freddie Mac Announces Second Structured Credit Risk Offering of 2015
The STACR offering announced Thursday is the GSE’s second this year and 11th overall. Freddie Mac began the STACR program in the second half of 2013 as part of the Enterprise’s goal of reducing risk to taxpayers by increasing private capital’s role in the mortgage market.
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