Business NewsMarketWire • Freddie Mac Reduces Credit Risk With Three New ACIS Insurance Policies With a Combined $707 Million Limit

Freddie Mac Reduces Credit Risk With Three New ACIS Insurance Policies With a Combined $707 Million Limit

Freddie Mac Reduces Credit Risk With Three New ACIS Insurance Policies With a Combined $707 Million Limit

MCLEAN, VA--(Marketwired - Jan 9, 2015) - Freddie Mac (OTCQB: FMCC) announced today its first three Agency Credit Insurance Structure (ACIS) transactions of 2015, where it obtained a number of insurance policies as part of the company's continued efforts to transfer credit risk to private capital market investors and global reinsurers. These three transactions transfer much of the remaining credit risk associated with three STACR deals executed in 2014 -- up to a combined maximum limit of approximately $707 million of losses on pools of Single-Family loans acquired in 2013 and the first quarter of 2014.

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Freddie Mac Reduces Credit Risk With Three New ACIS Insurance Policies With a Combined $707 Million Limit