2022 Year-End NAIC Designations for STACR REMIC Trust, STACR Trust, and STACR Debt Notes
On December 28, 2022, Freddie Mac (OTCQB: FMCC) announced the NAIC 2022 year-end designations for its STACR REMIC Trust and related securities. A total of 199 STACR Notes were reviewed, with 79.89% achieving NAIC 1 Designation, 17.08% NAIC 2, and 3.01% NAIC 3. Notably, 19 STACR Notes received upgrades compared to their 2021 designations. This release indicates Freddie Mac's continued efforts to enhance its credit risk transfer programs, reinforcing its commitment to stability in the housing market.
- 79.89% of STACR Notes achieved NAIC 1 Designation.
- 19 STACR Notes upgraded from previous year-end designations.
- None.
MCLEAN, Va., Dec. 28, 2022 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today published on its website the National Association of Insurance Commissioners (NAIC) 2022 filing year designations for certain STACR REMIC Trust, STACR Trust, and STACR Debt Notes. NAIC Designations for year-end 2022 are available on our website in one single file.
Overall, of the 199 reviewed STACR Notes, 159 (or
| CUSIP | Deal Name | 2021 Yearend NAIC Designation | 2022 Yearend NAIC Designation |
| 35564KCW7 | STACR 2021-DNA2 M2B | 2 | 1 |
| 35564KEL9 | STACR 2021-DNA3 M2 | 2 | 1 |
| 35564KEF2 | STACR 2021-DNA3 M2B | 2 | 1 |
| 35564KHE2 | STACR 2021-DNA5 M2 | 2 | 1 |
| 35564KKY4 | STACR 2021-DNA6 M2 | 2 | 1 |
| 35564KBL2 | STACR 2021-HQA1 M2A | 2 | 1 |
| 35564KGZ6 | STACR 2021-DNA5 M2B | 3 | 1 |
| 35564KBS7 | STACR 2021-HQA1 M2 | 3 | 1 |
| 35564KBM0 | STACR 2021-HQA1 M2B | 3 | 1 |
| 35564KFV6 | STACR 2021-HQA2 M2 | 3 | 1 |
| 35564KFP9 | STACR 2021-HQA2 M2A | 3 | 1 |
| 35564KFQ7 | STACR 2021-HQA2 M2B | 4 | 1 |
| 35564KKT5 | STACR 2021-DNA6 M2B | 3 | 2 |
| 35564KMH9 | STACR 2021-DNA7 M2 | 3 | 2 |
| 35564KMC0 | STACR 2021-DNA7 M2B | 3 | 2 |
| 35564KJJ9 | STACR 2021-HQA3 M2B | 3 | 2 |
| 35564KNS4 | STACR 2021-HQA4 M2 | 3 | 2 |
| 35564KNL9 | STACR 2021-HQA4 M2A | 3 | 2 |
| 35564KNM7 | STACR 2021-HQA4 M2B | 4 | 3 |
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 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 Solomon
703-903-3861
Frederick_Solomon@FreddieMac.com
INVESTOR CONTACT: Christian Valencia
571-382-4236
FAQ
What is the NAIC 2022 year-end designation for FMCC?
How many STACR Notes were reviewed for NAIC designations?
What percentage of STACR Notes received upgrades compared to last year?
Where can I find Freddie Mac's NAIC designation data?
