Freddie Mac values ​​the first of its kind $ 276 million in structured credit risk notes across multiple households

MCLEAN, Va., January 14, 2021 (GLOBE NEWSWIRE) – Freddie Mac (OTCQB: FMCC) recently priced a new offering of Multifamily Structured Credit Risk (MSCR) notes, series 2021-MN1. The MSCR (pronounced M-SCORE) program is designed to transfer to private investors a portion of the credit risk on eligible multifamily mortgage loans in support of certain fully secured securities issued by Freddie Mac, thereby reducing U.S. taxpayers’ exposure to mortgage credit risk. The approximately $ 276 million in MSCR Notes was priced on January 12, 2021.

The MSCR Securities are unsecured and unsecured mezzanine classes issued by a trust. Freddie Mac holds full senior loss class AH and first loss class B-2H in the capital structure, as well as holding part of the risk in class M-1, M-2 and B-1 tranches .

“The growth of our single-pass structure, multi-family mortgage participation certificates, has created a new opportunity to transfer credit risk,” said Robert.

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  • According to this source Freddie Mac values ​​the first of its kind $ 276 million in structured credit risk notes across multiple households
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