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FMCC / Freddie Mac Prices Approximately $564 Million Securitization of Re-Performing Loans

MCLEAN, Va., Oct. 05, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced pricing of the third Seasoned Credit Risk Transfer Trust (SCRT) offering of 2021—a securitization of approximately $564 million including both guaranteed senior and unguaranteed subordinate securities backed by a pool of seasoned re-performing loans (RPLs). The SCRT securitization program is a fundamental part of Freddie Mac's seasoned loan offerings which reduce less liquid assets in its mortgage-related investments portfolio and shed credit and market risk via economically reasonable transactions. Read More

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Posted: Oct 5 2021, 15:46

Author Name: GlobeNewsWire

FMCC News

By GlobeNewsWire
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Fitch downgrades Fannie Mae, Freddie Mac after US rating cut

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Your home mortgage is probably in a bond deal that benefits from the U.S. credit rating. What happens now that Fitch has downgraded that credit?

Most U.S. home loans end up in the nearly $9 trillion market for residential mortgage bonds with government backing, a critical corner of housing fina

By GlobeNewsWire
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Freddie Mac Announces Release Date for Second Quarter 2023 Financial Results

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