Freddie markets new STACR structure

Freddie Mac
By Ryan Bolger
14 Apr 2015

Freddie Mac is marketing its first risk transfer deal tied to actual losses in a reference pool of mortgages.

Credit Suisse and Citigroup began roadshowing the first of its kind issuance on Monday, sources familiar with the deal told GlobalCapital. The transaction is expected to total $720m and include four tranches.

Freddie plans to sell parts of the first loss and mezzanine tranches while retaining a vertical slice of the ...

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