2021 Year-End NAIC Designations for STACR Debt, STACR Trust, and STACR REMIC Trust Notes
Freddie Mac (OTCQB: FMCC) announced the upcoming NAIC designations for its STACR Debt, STACR Trust, and STACR REMIC Trust notes for the 2021 filing year.
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Rhea-AI Summary
Freddie Mac (OTCQB: FMCC) announced the upcoming NAIC designations for its STACR Debt, STACR Trust, and STACR REMIC Trust notes for the 2021 filing year. These designations pertain to notes from transactions including STACR REMIC Trust 2021-DNA6, 2021-DNA7, 2021-HQA3, and 2021-HQA4. Once available, the NAIC designations will be included in the year-end designation file accessible on Freddie Mac's website. Freddie Mac's Credit Risk Transfer programs aim to enhance stability and affordability in the U.S. housing market while transferring credit risk to private capital.
Positive
- Freddie Mac's Credit Risk Transfer programs attract global investors, enhancing market stability.
- NAIC designations, when received, may improve the credibility and attractiveness of the STACR notes.
Negative
- None.
Details
News Market Reaction – FMCC
The recorded move for FMCC in the trading session of this news was -1.10%.
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MCLEAN, Va., Jan. 04, 2022 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today published on its website the National Association of Insurance Commissioners (NAIC) 2021 filing year designations for certain STACR Debt, STACR Trust, and STACR REMIC Trust notes. Freddie Mac expects to receive NAIC Designations for certain STACR REMIC Trust 2021-DNA6, STACR REMIC Trust 2021-DNA7, STACR REMIC Trust 2021-HQA3, and STACR REMIC Trust 2021-HQA4 notes in the near future. When the NAIC Designations are available for certain notes in these four transactions, the NAIC Designations will be appended to the 2021 year-end NAIC designation file which is available on our website.
About Freddie Mac Single-Family Credit Risk Transfer
Freddie Mac’s Single-Family Credit Risk Transfer (CRT) programs transfer credit risk away from U.S. taxpayers to global private capital via securities and (re)insurance policies, providing stability, liquidity and affordability to the U.S. housing market. The GSE Single-Family CRT market was founded when Freddie Mac issued the first STACR® (Structured Agency Credit Risk) notes in July 2013. In November 2013, ACIS® (Agency Credit Insurance Structure®) was introduced. Today, the industry-leading and award-winning programs attract institutional investors and (re)insurance companies worldwide. For specific STACR and ACIS transaction data, visit Clarity Data IntelligenceSM.
About Freddie Mac
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, investors and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac’s blog FreddieMac.com/blog.
MEDIA CONTACT: Fred Solomon
703-903-3861
Frederick_Solomon@FreddieMac.com
INVESTOR CONTACT: Christian Valencia
571-382-4236
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