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Home » Store » Characteristics » Strong Execution for Freddie’s Non-Agency-MBS-Like Transaction, More Non-TBA Deals Expected from GSEs

Strong Execution for Freddie’s Non-Agency-MBS-Like Transaction, More Non-TBA Deals Expected from GSEs

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Characteristics

Product Details

Freddie Mac’s first Whole Loan Securities deal was met with strong demand from investors, according to industry analysts. The transaction differed in a number of ways from the risk-sharing deals the government-sponsored enterprises have issued, as its structure was more like a non-agency MBS. The $300.27 million WLS 2015-SC01 included senior tranches with a total balance of $278 million and credit enhancement of 7.50 percent. Investors could purchase the senior ...
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