Freddie Mac 2025 Single-Family Credit Risk Transfer Issuance Approached $5.1 Billion

Rhea-AI Summary

Freddie Mac (OTCQB: FMCC) reported that its Single‑Family credit risk transfer (CRT) issuance was nearly $5.1 billion in 2025, comprising five STACR and six ACIS transactions and concluding issuance for the year.

The CRT programs provided credit protection on $163 billion of unpaid principal balance in 2025. Freddie Mac executed three tender offers for approximately $3.0 billion original principal of STACR notes and called STACR notes valued at ~$0.5 billion, plus 18 ACIS transactions with risk in force of ~$1.5 billion.

As of Sept. 30, 2025, ~62% of the Single‑Family mortgage portfolio had credit enhancement. Since inception, the program has transferred ~$118 billion of credit risk on > $3.6 trillion of mortgages across 200+ STACR and ACIS transactions. The company plans one‑to‑two STACR/ACIS transactions per quarter in 2026 and will continue tender offers and evaluate calls.

Positive

• CRT issuance nearly $5.1 billion in 2025
• Credit protection on $163 billion unpaid principal balance
• Since inception $118 billion credit risk transferred on > $3.6 trillion
• 62% of Single‑Family portfolio covered by credit enhancement (as of 9/30/2025)

Negative

• Most tendered/redeemed STACR notes had substantially deleveraged and provided no capital relief

News Market Reaction

+0.29%

1 alert

+0.29% News Effect

On the day this news was published, FMCC gained 0.29%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

2026 STACR, ACIS Calendars Announced

MCLEAN, Va., Dec. 22, 2025 (GLOBE NEWSWIRE) -- Freddie Mac’s (OTCQB: FMCC) Single-Family credit risk transfer (CRT) issuance was nearly $5.1 billion in 2025. Issuance for the year included five STACR^® (Structured Agency Credit Risk) and six ACIS^® (Agency Credit Insurance Structure) transactions. Overall, the CRT programs provided credit protection on $163 billion of unpaid principal balance of single-family mortgages via STACR and ACIS in 2025, and issuance has concluded for the year.

Additionally in 2025, the company executed three tender offers for approximately $3.0 billion aggregate original principal amount of STACR notes and executed call options on five STACR transactions for outstanding STACR notes with a value of approximately $0.5 billion and 18 ACIS transactions with a risk in force of approximately $1.5 billion. Most of the tendered and redeemed STACR notes and called ACIS tranches in these transactions had substantially deleveraged and therefore no longer provided Freddie Mac with capital relief.

As of September 30, 2025, approximately 62 percent of the Freddie Mac Single-Family mortgage portfolio was covered by credit enhancement.

“Freddie Mac launched the first agency single-family CRT transaction in 2013, creating a completely new asset class. Since then, the company has constantly evolved its offerings to widen the investor pool while more efficiently protecting Freddie Mac’s portfolio,” said Christian Valencia, Freddie Mac Vice President and head of Credit Risk Transfer. “As we enter 2026, Freddie Mac’s Single-Family CRT program remains committed to providing structured risk transfer products with quarterly transactions and enhanced pool performance data through our Clarity Data Intelligence portal.”

Since its inception, Freddie Mac’s Single-Family CRT program has transferred approximately $118 billion of credit risk on more than $3.6 trillion of single-family mortgages through more than 200 STACR and ACIS transactions.

2026 ISSUANCE CALENDAR
The company currently plans to issue one-to-two STACR and ACIS transactions per quarter in 2026. Additionally, the company plans to continue the tender offer program and to evaluate calls when eligible.

About Freddie Mac Single-Family Credit Risk Transfer
Freddie Mac’s Single-Family CRT programs transfer credit risk to global private capital via securities and (re)insurance policies, providing stability, liquidity and affordability to the U.S. housing market. Freddie Mac founded the GSE Single-Family CRT market when it 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 Intelligence^®.

About Freddie Mac
Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability and affordability in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | X | LinkedIn | Facebook | Instagram | YouTube

MEDIA CONTACT: Fred Solomon
703-903-3861
Frederick_Solomon@freddiemac.com 

FAQ

How much CRT issuance did Freddie Mac (FMCC) complete in 2025?

Freddie Mac completed nearly $5.1 billion of Single‑Family CRT issuance in 2025.

What unpaid principal balance did Freddie Mac's 2025 CRT programs protect (FMCC)?

The 2025 STACR and ACIS programs provided credit protection on $163 billion of unpaid principal balance.

How many STACR and ACIS transactions did Freddie Mac (FMCC) issue in 2025?

Issuance included five STACR and six ACIS transactions in 2025.

What tender and call activity did Freddie Mac (FMCC) report in 2025?

The company executed three tender offers for ~$3.0 billion original STACR principal and called STACR notes ~$0.5 billion, plus 18 ACIS transactions with ~$1.5 billion risk in force.

How much of Freddie Mac's Single‑Family portfolio had credit enhancement as of Sept. 30, 2025 (FMCC)?

Approximately 62% of the Single‑Family mortgage portfolio had credit enhancement as of Sept. 30, 2025.

What is Freddie Mac's (FMCC) 2026 CRT issuance plan?

Freddie Mac plans to issue one to two STACR and ACIS transactions per quarter in 2026 and to continue tender offers while evaluating calls.