Freddie preps latest risk sharing deal amid anaemic supply

Freddie Mac
By Matthew Scully
27 Mar 2014

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.

“One of our goals with the STACR program is to ...

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