Freddie Mac Reaffirms Credit Treatment for Certain Fixed-Severity STACR Transactions

MCLEAN, Va., Aug. 28, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today reaffirmed the credit event treatment for delinquent loans referenced in STACR® (Structured Agency Credit Risk) securities issued in the 2013-DN1, 2013-DN2, 2014-DN1 and 2014-DN2 fixed-severity transactions.

For these transactions, per the offering and contractual documents, reference obligations become credit events at 180 days or more delinquent, regardless of any grant of forbearance. For a full description of credit events, please refer to the deal documents at https://crt.freddiemac.com/offerings/stacr.aspx.

About Freddie Mac

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 Solomon703-903-3861[email protected]

INVESTOR CONTACT: Mike Reynolds571-382-4852

You May Also Be Interested In

• FHLB Des Moines Announces Appointment of New President and Chief Executive Officer
• Recycling is No Longer a Favor to the Planet. It's an Economic Must
• The Southport CoLAB’s Dr. Benjamin Powers Calls for Building Capacity on Both Sides of Education’s Research-to-Practice Gap