Freddie Mac Releases 2018 STACR Issuance Calendar
MCLEAN, VA–(Marketwired – Dec 18, 2017) – Freddie Mac (OTCQB: FMCC) today released its 2018 issuance calendar for its Structured Agency Credit Risk (STACR®) debt notes. The company plans to offer five STACR transactions next year from its DNA and HQA series, with expected volumes reaching approximately $4-$5.5 billion. In addition, Freddie Mac plans to offer investors transactions from the newly introduced STACR offerings, STACR Securitized Participation Interests, (STACR SPI(SM)) and STACR HARP, (SHRP).
“The issuance calendar is another way we’re providing investors transparency into our core STACR offerings, helping them plan their allocations for 2018,” said Michael Reynolds, vice president of credit risk transfer.
Freddie Mac has led the credit risk transfer market in introducing innovative credit risk-sharing initiatives. Since 2013, the company has transferred a portion of credit risk on approximately $851 billion of UPB on single-family mortgages. The company has grown its investor base to more than 220 unique investors, including insurers and reinsurers.
This announcement is not an offer to sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we’ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac’s blog FreddieMac.com/blog.