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Freddie Mac Announces Intent to Sell Fourth STACR Offering This Year

MCLEAN, VA, May 13, 2016 (Marketwired via COMTEX) -- MCLEAN, VA--(Marketwired - May 13, 2016) - Freddie Mac (otcqb:FMCC) announces its intent to sell its fourth offering this year of Structured Agency Credit Risk (STACR®) debt notes, pending market conditions. Through the award-winning and innovative STACR program, Freddie Mac transfers a portion of its credit risk on certain single-family loans to private capital market investors.

J.P. Morgan and Citigroup will serve as co-lead managers and joint bookrunners.

With the STACR 2016-HQA2 offering of loans with LTVs ranging from 80 to 95 percent, Freddie Mac holds the senior loss risk in the capital structure and a portion of the risk in the Class M-1, M-2 and M-3 tranches, and the first loss Class B tranche.

STACR 2016-HQA2 has a reference pool of single-family mortgages with an unpaid principal balance of more than $18.4 billion. The reference...