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STACR Debt Notes Receive Top NAIC Designations for Fourth Straight Year

Written by Customer Service on . Posted in Public Companies.

MCLEAN, Va., June 10, 2020 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today announced that its Structured Agency Credit Risk (STACR®) debt notes have received top designations by the National Association of Insurance Commissioners (NAIC) for the 2019 filing year.
Overall, Freddie Mac notes received 13 upgrades relative to 2018 year-end designations.2019 Filing Year NAIC Designations Upgrades:Approximately 98 percent of Freddie Mac on the run STACR bonds with a NAIC Designation have a designation of 1, helping to make these securities more attractive to the insurance industry while improving the execution and liquidity of the company’s flagship CRT program. At this time, NAIC has not provided NAIC Price Breakpoints for Freddie Mac’s REMIC Trust and Trust CRT transactions at year-end 2019.
NAIC Designations are the specific alphanumeric symbols in use by the NAIC SVO to denote a category of credit quality. The NAIC’s Structured Securities Group (SSG) is responsible for the day-to-day credit quality assessment and valuation of securities owned by state regulated insurance companies. The SVO conducts credit analysis on these securities for the purpose of assigning an NAIC designation and/or unit price. The NAIC designation categories are described on the NAIC’s SSG webpage.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
571-382-3727 

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