Thirteen Bonds Receive Higher 2019 Designations

MCLEAN, Va., June 10, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that its Structured Agency Credit Risk (STACR®) debt notes have received top designations by the National Association of Insurance Commissioners (NAIC) for the 2019 filing year.

Overall, Freddie Mac notes received 13 upgrades relative to 2018 year-end designations.

2019 Filing Year NAIC Designations Upgrades:

CUSIP

Deal Name

2018 Designation

2019 Designation

3137G0QQ5

STACR 2017-DNA3 M2

NAIC 2

NAIC 1

3137G0RC5

STACR 2017-DNA3 M2B

NAIC 2

NAIC 1

3137G0NE5

STACR 2017-HQA1 M2

NAIC 2

NAIC 1

3137G0NB1

STACR 2017-HQA1 M2B

NAIC 2

NAIC 1

3137G0PU7

STACR 2017-HQA2 M2

NAIC 2

NAIC 1

3137G0QG7

STACR 2017-HQA2 M2B

NAIC 2

NAIC 1

3137G0RL5

STACR 2017-HQA3 M2

NAIC 2

NAIC 1

3137G0RY7

STACR 2017-HQA3 M2B

NAIC 2

NAIC 1

3137G0TH2

STACR 2018-DNA1 M2

NAIC 2

NAIC 1

3137G0TV1

STACR 2018-DNA1 M2B

NAIC 2

NAIC 1

3137G0UD9

STACR 2018-HQA1 M2

NAIC 3

NAIC 2

3137G0UK3

STACR 2018-HQA1 M2A

NAIC 2

NAIC 1

3137G0UR8

STACR 2018-HQA1 M2B

NAIC 3

NAIC 2

Approximately 98 percent of Freddie Mac on the run STACR bonds with a NAIC Designation have a designation of 1, helping to make these securities more attractive to the insurance industry while improving the execution and liquidity of the company’s flagship CRT program. At this time, NAIC has not provided NAIC Price Breakpoints for Freddie Mac’s REMIC Trust and Trust CRT transactions at year-end 2019.

NAIC Designations are the specific alphanumeric symbols in use by the NAIC SVO to denote a category of credit quality. The NAIC's Structured Securities Group (SSG) is responsible for the day-to-day credit quality assessment and valuation of securities owned by state regulated insurance companies. The SVO conducts credit analysis on these securities for the purpose of assigning an NAIC designation and/or unit price. The NAIC designation categories are described on the NAIC’s SSG webpage.

Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we’ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders, investors and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac’s blog FreddieMac.com/blog.

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Fred Solomon 703-903-3861
Frederick_Solomon@FreddieMac.com
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