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2024 Year-End NAIC Designations?for STACR REMIC Trust, STACR Trust, and STACR Debt Notes

BY GlobeNewswire | AGENCY | 12/26/24 01:00 PM EST

MCLEAN, Va., Dec. 26, 2024 (GLOBE NEWSWIRE) -- Freddie Mac 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:

CUSIPDeal Name2023 Year-End NAIC Designation2023 Year-End NAIC Designation Modifier2024 Year-End NAIC Designation2024 Year-End NAIC Designation Modifier
35564KB57STACR 2022-HQA2 M2B2B1E
35564KB65STACR 2022-HQA2 M22A1D
35564KE62STACR 2022-HQA3 M2B2C1F
35564KE70STACR 2022-HQA3 M22B1E
35564KP60STACR 2023-DNA1 M2B2C1E
35564KP94STACR 2023-DNA1 M22A1E
35564KT82STACR 2023-DNA2 M2B2C1E
35564KU31STACR 2023-DNA2 M22A1E
35564KY29STACR 2023-HQA1 M2B2B1E
35564KY37STACR 2023-HQA1 M22A1E
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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

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Image: Primary Logo

Source: Freddie Mac

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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