Freddie Mac Announces Tender Results for STACR Notes

McLean, Va., Sept. 06, 2024 (GLOBE NEWSWIRE) —

Freddie Mac (OTCQB: FMCC) disclosed today the outcomes of its tender offer to acquire any and all of the STACR® (Structured Agency Credit Risk) Notes specified in the table below. The Offer involved specific classes of Notes issued by the STACR trusts identified in the table below, with Freddie Mac being the sole owner of each Trust.

Impact on Me:

As a homeowner or potential mortgage borrower, the results of Freddie Mac’s tender offer for STACR Notes may indirectly affect you. The STACR Notes are part of Freddie Mac’s efforts to manage credit risk, which in turn can impact mortgage rates and availability. Understanding the outcome of this offer can provide insights into the stability and trends of the housing market, ultimately influencing your decisions regarding homeownership or financing.

Global Implications:

The tender results of Freddie Mac’s Offer for STACR Notes can have broader implications on the global financial market. As a significant player in the mortgage industry, Freddie Mac’s actions and strategies can influence investor sentiment, market liquidity, and overall economic stability. Monitoring these developments can offer valuable insights into the health of the financial system and potential opportunities or risks for investors worldwide.

Conclusion:

Freddie Mac’s announcement regarding the tender results for STACR Notes sheds light on the company’s ongoing efforts to manage credit risk and enhance financial stability. As stakeholders in the housing market and global economy, staying informed about these developments is crucial for making informed decisions and navigating potential opportunities and challenges in the financial landscape.