ABOUT CRT Transferring Risk, Transforming U.S. Housing Finance

Pioneered by Freddie Mac in 2013, Credit Risk Transfer programs structure mortgage credit risk into securities and insurance offerings, transferring credit risk exposure from U.S taxpayers to private investors. CRT supports Freddie Mac’s mission of providing stability, liquidity and affordability to the U.S. housing market.

CRT Data Intelligence Portal

With pre-built report modules that bring you immediate insights, not just information, Clarity helps you understand Freddie Mac CRT performance and make data-driven decisions. Experience it now.

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Securities

Freddie Mac is leading the market with initiatives to reduce the U.S. taxpayers' exposure and offer private investors new and innovative ways to invest in the post-crisis creditworthiness of the U.S. residential housing market.

STACR® Structured Agency Credit Risk

Freddie Mac Single-Family’s flagship CRT offering, where non-guaranteed notes are issued across multiple tranches, and reference pool performance determines payments.

STACR SPI Securitized Participation Interests

SPI structure allows for issuance of non-guaranteed certificates backed by participation interests in recently originated mortgage loans acquired by Freddie Mac’s cash window.

CRT HANDBOOK

Freddie Mac Single-Family CRT explained from business process to transaction structures, with insight into collateral performance and U.S. housing trends.

(Re)Insurance Contracts

Freddie Mac receives credit protection through its insurance policies with global (re)insurance companies. These policies can (i) cover residual credit risk remaining from a STACR offering, and (ii) cover credit risk on non-STACR reference pools consisting of single-family mortgages.

ACIS® Agency Credit Insurance Structure

Freddie Mac's Flagship (re)insurance offering provides (re)insurers the opportunity to gain broad exposure to the U.S. housing market alongside STACR investors.

AFRM ACIS Forward Risk Mitigation

An opportunity for global (re)insurers to underwrite single-family mortgage credit risk on a forward basis.

IMAGIN Integrated Mortgage Insurance

An opportunity for global (re)insurers to participate in the low-down payment market.

CRT HANDBOOK

Freddie Mac Single-Family CRT explained from business process to transaction structures, with insight into collateral performance and U.S. housing trends.

TAKE THE NEXT STEP Want to Learn More?

Find out how Credit Risk Transfer creates investor opportunities while strengthening the U.S. mortgage market.

Contact the Freddie Mac Team

Contact the CRT Team

New Transactions & General Inquiries

credit_securities@freddiemac.com(866) 903-2767