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Volume 2014 - Number 6

February 14, 2014

New, Additional Investors Buy Into Freddie’s First 2014 Risk-Sharing Deal, More Transactions to Come

Freddie Mac last week announced a $1 billion offering of its Structured Agency Credit Risk debt notes, the government-sponsored enterprise’s first risk-sharing transaction of 2014 and its third such deal since the company rolled out the STACR series last year. The deal is backed by a pool of $32.4 billion 30-year fixed-rate mortgages acquired by Freddie in the second quarter of 2013. More than 65 investors participated in Freddie’s latest STACR deal, and more than 20 of those investors were newcomers, according to Kevin Palmer, vice president of single-family strategic credit costing and structuring for Freddie. “We’ve introduced...

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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.

 

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