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Freddie Mac (OTCQB: FMCC) has released the National Association of Insurance Commissioners (NAIC) 2024 filing year designations for STACR Notes. All 209 reviewed STACR Notes achieved NAIC 1 Designation, including all A1, M1, and M2 Notes offered through 2024 STACR transactions. Notably, 10 STACR Notes received upgrades from their previous NAIC 2 Designations in 2023 to NAIC 1 Designations in 2024, demonstrating improved credit quality across these structured securities.
Freddie Mac (OTCQB: FMCC) ha pubblicato le designazioni per l’anno di deposito 2024 dell’Associazione Nazionale dei Commissari per le Assicurazioni (NAIC) relative ai Titoli STACR. Tutti i 209 Titoli STACR esaminati hanno ottenuto la Designazione NAIC 1, inclusi tutti i Titoli A1, M1 e M2 offerti attraverso le transazioni STACR del 2024. È importante notare che 10 Titoli STACR hanno ricevuto un aggiornamento dalla precedente Designazione NAIC 2 nel 2023 a Designazioni NAIC 1 nel 2024, dimostrando una qualità creditizia migliorata in questi titoli strutturati.
Freddie Mac (OTCQB: FMCC) ha publicado las designaciones para el año de presentación 2024 de la Asociación Nacional de Comisionados de Seguros (NAIC) para los Títulos STACR. Todos los 209 Títulos STACR revisados lograron la Designación NAIC 1, incluyendo todos los Títulos A1, M1 y M2 ofrecidos a través de las transacciones STACR de 2024. Cabe destacar que 10 Títulos STACR recibieron actualizaciones de sus anteriores Designaciones NAIC 2 en 2023 a Designaciones NAIC 1 en 2024, demostrando una mejora en la calidad crediticia de estos valores estructurados.
프레디 맥 (OTCQB: FMCC)는 보험 감독관 협회(NAIC) 2024년 제출 연도에 대한 STACR 노트의 디자인ations을 발표했습니다. 검토된 209개의 STACR 노트 모두 NAIC 1 디자인ation을 달성했으며, 2024 STACR 거래를 통해 제공된 모든 A1, M1 및 M2 노트를 포함합니다. 특히, 10개의 STACR 노트가 2023년의 이전 NAIC 2 디자인ations에서 2024년의 NAIC 1 디자인ations로 업그레이드되어 이러한 구조화된 증권 전반에서 신용 품질이 개선되었음을 보여줍니다.
Freddie Mac (OTCQB: FMCC) a publié les désignations pour l’année de dépôt 2024 de l’Association nationale des commissaires aux assurances (NAIC) concernant les titres STACR. Tous les 209 titres STACR examinés ont obtenu la Désignation NAIC 1, y compris tous les titres A1, M1 et M2 proposés lors des transactions STACR de 2024. Il convient de noter que 10 titres STACR ont été reclassés de leurs précédentes désignations NAIC 2 en 2023 à des désignations NAIC 1 en 2024, démontrant une amélioration de la qualité de crédit de ces titres structurés.
Freddie Mac (OTCQB: FMCC) hat die Designationen für das Einreichungsjahr 2024 der Nationalen Vereinigung der Versicherungsaufsichtsbehörden (NAIC) für die STACR-Anleihen veröffentlicht. Alle 209 geprüften STACR-Anleihen erreichten die NAIC 1 Designation, einschließlich aller A1, M1 und M2 Anleihen, die über die STACR-Transaktionen 2024 angeboten wurden. Bemerkenswert ist, dass 10 STACR-Anleihen von ihren vorherigen NAIC 2 Designationen im Jahr 2023 auf NAIC 1 Designationen im Jahr 2024 heraufgestuft wurden, was eine verbesserte Kreditqualität dieser strukturierten Wertpapiere zeigt.
Positive
- All 209 STACR Notes achieved top-tier NAIC 1 Designation
- 10 STACR Notes upgraded from NAIC 2 to NAIC 1 Designation
- 100% of A1, M1, and M2 Notes received NAIC 1 Designation
MCLEAN, Va., Dec. 26, 2024 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) 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
FAQ
What NAIC designation did Freddie Mac’s STACR Notes receive for 2024?
All 209 reviewed STACR Notes received NAIC 1 Designation for 2024, including all A1, M1, and M2 Notes.
How many FMCC STACR Notes were upgraded from NAIC 2 to NAIC 1 in 2024?
10 STACR Notes were upgraded from NAIC 2 Designation in 2023 to NAIC 1 Designation in 2024.
What percentage of Freddie Mac’s STACR Notes achieved NAIC 1 Designation in 2024?
100% of the reviewed STACR Notes (209 in total) achieved NAIC 1 Designation in 2024.
Which specific STACR Note series received upgrades in FMCC’s 2024 NAIC designations?
The upgraded series included STACR 2022-HQA2, 2022-HQA3, 2023-DNA1, 2023-DNA2, and 2023-HQA1 M2 and M2B Notes.
