Stock Markets
2024 Year-End NAIC Designations for STACR REMIC Trust, STACR Trust, and STACR Debt Notes
MCLEAN, Va., Dec. 26, 2024 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: OTC:) today published on its website the National Association of Insurance Commissioners (NAIC) 2024 filing year designations for certain STACR REMIC Trust, STACR Trust, and STACR Debt Notes (collectively, STACR Notes).
Overall, of the 209 reviewed STACR Notes, all have achieved NAIC 1 Designation including all A1, M1 and M2 Notes offered through 2024 STACR transactions. In addition, 10 of the 2024 NAIC 1 Designations are upgrades from their 2023 NAIC 2 Designations. The below table details the upgrades:
CUSIP | Deal Name | 2023 Year-End NAIC Designation | 2023 Year-End NAIC Designation Modifier | 2024 Year-End NAIC Designation | 2024 Year-End NAIC Designation Modifier |
35564KB57 | STACR 2022-HQA2 M2B | 2 | B | 1 | E |
35564KB65 | STACR 2022-HQA2 M2 | 2 | A | 1 | D |
35564KE62 | STACR 2022-HQA3 M2B | 2 | C | 1 | F |
35564KE70 | STACR 2022-HQA3 M2 | 2 | B | 1 | E |
35564KP60 | STACR 2023-DNA1 M2B | 2 | C | 1 | E |
35564KP94 | STACR 2023-DNA1 M2 | 2 | A | 1 | E |
35564KT82 | STACR 2023-DNA2 M2B | 2 | C | 1 | E |
35564KU31 | STACR 2023-DNA2 M2 | 2 | A | 1 | E |
35564KY29 | STACR 2023-HQA1 M2B | 2 | B | 1 | E |
35564KY37 | STACR 2023-HQA1 M2 | 2 | A | 1 | E |
About Freddie Mac Single-Family Credit Risk Transfer
Freddie Mac’s Investment & Capital Markets Credit Risk Transfer (CRT) programs transfer credit risk away from U.S. taxpayers to global private capital via securities and (re)insurance policies, providing stability, liquidity and affordability to the U.S. housing market. The GSE Single-Family CRT market was founded when Freddie Mac issued the first STACR ® (Structured Agency Credit Risk) notes in July 2013. In November 2013, ACIS ® (Agency Credit Insurance Structure ®) was introduced. Today, the industry-leading and award-winning programs attract institutional investors and (re)insurance companies worldwide. For specific STACR and ACIS transaction data, visit Clarity Data Intelligence ®.
About Freddie Mac
Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | LinkedIn | Facebook| X | Instagram | YouTube
MEDIA CONTACT:
Fred Solomon
703-903-3861
Frederick_Solomon@FreddieMac.com
INVESTOR CONTACT:
Christian Valencia
571-382-4236
Source: Freddie Mac
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