General World News

Freddie Mac unveils offer for up to $2.2B in CRT notes

Freddie Mac has announced a cash tender offer for some $2.2 billion in outstanding notes across eight vintage credit-risk transfer (CRT) transactions conducted through the agency’s Structured Agency Credit Risk, or STACR, program.

The offering price for the notes outstanding in the current offering, STACR 2022-TO2, ranges from $1,000.63 to $1,017.81 per thousand dollars of outstanding principal amount, depending on the series vintage. The notes are linked to five credit-risk transfer (CRT) securitization deals completed in 2019 and three from 2018. 

Freddie Mac has conducted two prior tender offers for STACR series notes. The first, details ⇒

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