In a recent financial maneuver, Freddie Mac announced the tendering of approximately $2.1 billion in Structured Agency Credit Risk (STACR) Notes. This action is part of the company’s Single-Family Credit Risk Transfer program, which aims to mitigate credit risk away from U.S. taxpayers and towards global private capital through the use of securities and reinsurance policies.

The detailed information regarding the tender for each STACR Trust, including their respective tendered percentages, was disclosed on Thursday. The settlement date for these notes is set for November 14, 2023. This strategic move by Freddie Mac underscores its commitment to reducing taxpayer exposure to mortgage-related losses.

Wells Fargo Securities, LLC, BofA Securities, Inc., and Academy Securities, Inc. are managing the Offer to Purchase and have provided contact information for any further inquiries. Additionally, legal parameters surrounding the offer’s jurisdiction have been clearly outlined to ensure compliance with regulatory standards.

Freddie Mac’s latest financial strategy reflects its ongoing efforts to strengthen the housing finance system by transferring credit risk to the private sector. This initiative is crucial in creating a more resilient and sustainable housing market, particularly in times of economic uncertainty.