Freddie preps latest risk sharing deal amid anaemic supply

The Federal Home Loan Mortgage Corporation (Freddie Mac) is preparing to announce a nearly $1bn risk sharing issuance with the private market, its fourth effort to shed taxpayer exposure to government guaranteed mortgage debt. News of the deal circulated around markets just as a new government sponsored enterprise (GSE) reform bill was announced in the US Congress.
The
latest issuance from the government sponsored enterprise will have the same
structure as its February issuance and the collateral will likely be of similar
quality, according to two people familiar with the plans. The issuance, STACR
2014-2, may be officially announced next week.
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