{"id":415168,"date":"2021-01-14T11:20:01","date_gmt":"2021-01-14T16:20:01","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=415168"},"modified":"2021-01-14T11:20:01","modified_gmt":"2021-01-14T16:20:01","slug":"freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes\/","title":{"rendered":"Freddie Mac Prices First-of-its-Kind $276 Million in Multifamily Structured Credit Risk Notes"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">MCLEAN, Va., Jan.  14, 2021  (GLOBE NEWSWIRE) &#8212; <a href=\"http:\/\/www.freddiemac.com\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Freddie Mac<\/u><\/a> (OTCQB: FMCC) recently priced a new offering of Multifamily Structured Credit Risk (MSCR) Notes, Series 2021-MN1. The MSCR (pronounced M-SCORE) program is designed to transfer to private investors a portion of the credit risk on eligible multifamily mortgage loans backing certain fully guaranteed securities issued by Freddie Mac, thereby reducing U.S. taxpayers\u2019 exposure to mortgage credit risk. The approximately $276 million in <a href=\"https:\/\/mf.freddiemac.com\/investors\/structured-credit-risk\/index.html\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">M<\/a><a href=\"https:\/\/mf.freddiemac.com\/investors\/structured-credit-risk\/index.html\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">SCR Note<\/a><a href=\"https:\/\/mf.freddiemac.com\/investors\/structured-credit-risk\/index.html\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">s<\/a> were priced on January 12, 2021.<\/p>\n<p>The MSCR Notes are unsecured and unguaranteed mezzanine classes issued by a trust. Freddie Mac holds in its entirety the senior loss risk A-H class and the first loss B-2H class in the capital structure, along with retaining a portion of the risk in the class M-1, M-2 and B-1 tranches.<\/p>\n<p>\u201cThe growth in our single pass through structure, Multifamily Mortgage Participation Certificates, has created a new opportunity to transfer credit risk,\u201d said Robert Koontz, Senior Vice President of Multifamily Capital Markets. &#8220;The MSCR 2021-MN1 transaction is an example of Freddie Mac&#8217;s dedication to engaging private capital to reduce taxpayers\u2019 exposure to credit risk.&#8221;<\/p>\n<p>\n        <strong>MSCR Notes Series 2021-MN1 Pricing<\/strong>:<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Class<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Principal\/Notional Amount<\/strong><br \/>\n            <br \/>\n            <strong>($mm)<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Initial Credit Enhancement<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Weighted Average Life<\/strong><br \/>\n            <br \/>\n            <strong>(Years)<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Benchmark<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Spread<\/strong><br \/>\n            <br \/>\n            <strong>(bps)<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Price<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">M-1<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: right;vertical-align: middle;vertical-align: top\">$69.143<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: top\">6.00<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: top\">%<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">5.33<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">30-day SOFR Average<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">+200<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle;vertical-align: top\">$100.00<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">M-1H*<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: right;vertical-align: middle;vertical-align: top\">$3.640<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: top\">6.00<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: top\">%<\/td>\n<td colspan=\"5\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">Non-offered Vertical Reference Tranche<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">M-2<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: right;vertical-align: middle;vertical-align: top\">$161.334<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: top\">2.50<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: top\">%<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">9.54<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">30-day SOFR Average<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">+375<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle;vertical-align: top\">$100.00<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">M-2H*<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: right;vertical-align: middle;vertical-align: top\">$8.492<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: top\">2.50<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: top\">%<\/td>\n<td colspan=\"5\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">Non-offered Vertical Reference Tranche<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">B-1<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: right;vertical-align: middle;vertical-align: top\">$46.095<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: top\">1.50<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: top\">%<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">11.40<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">30-day SOFR Average<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">+775<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle;vertical-align: top\">$100.00<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">B-1H*<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: right;vertical-align: middle;vertical-align: top\">$2.427<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: top\">1.50<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: top\">%<\/td>\n<td colspan=\"5\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">Non-offered Vertical Reference Tranche<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">B-2H*<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: right;vertical-align: middle;vertical-align: top\">$72.783<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: top\">0<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: top\">%<\/td>\n<td colspan=\"5\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">Non-offered Reference Tranche<\/td>\n<\/tr>\n<\/table>\n<p>*Each reference tranche represents risk retained by Freddie Mac.<\/p>\n<p>The amount of periodic principal and ultimate principal paid by the trust is determined by the performance of the MSCR 2021-MN1 reference pool, which consists of approximately 302 multifamily mortgage loans originated between 2013 and 2020 with an approximate unpaid principal balance of $4.9 billion.\u00a0The loans adhere to Freddie Mac&#8217;s multifamily underwriting, internal fraud prevention and quality control standards.<\/p>\n<p>\n        <strong>Details:<\/strong>\n      <\/p>\n<p>Co-Lead Managers and Joint Bookrunners: BofA Securities, Inc. and Wells Fargo Securities, LLC<\/p>\n<p>This announcement is not an offer to sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac\u2019s Annual Report on Form 10-K for the year ended December 31, 2019, filed with the Securities and Exchange Commission (SEC) on February 13, 2020; all other reports Freddie Mac filed with the SEC pursuant to Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act) since December 31, 2019, excluding any information &#8220;furnished&#8221; to the SEC on Form 8-K; and all documents that Freddie Mac files with the SEC pursuant to Sections 13(a), 13(c) or 14 of the Exchange Act, excluding any information \u201cfurnished\u201d to the SEC on Form 8-K.<\/p>\n<p>Freddie Mac\u2019s press releases sometimes contain forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, some of which are beyond the company\u2019s control. Management\u2019s expectations for the company\u2019s future necessarily involve a number of assumptions, judgments and estimates, and various factors could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements. These assumptions, judgments, estimates and factors are discussed in the company\u2019s Annual Report on Form 10-K for the year ended December 31, 2019, and its reports on Form 10-Q and Form 8-K, which are available on the Investor Relations page of the company\u2019s Web site at\u00a0<a href=\"http:\/\/www.freddiemac.com\/investors\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.FreddieMac.com\/investors<\/u><\/a><u>\u00a0<\/u>and the SEC\u2019s website at\u00a0<a href=\"http:\/\/www.sec.gov\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.sec.gov<\/u><\/a><u>.<\/u> The company undertakes no obligation to update forward-looking statements it makes to reflect events or circumstances occurring after the date of this press release. The multifamily investors section of the company\u2019s Web site at <a href=\"https:\/\/mf.freddiemac.com\/investors\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>https:\/\/mf.freddiemac.com\/investors\/<\/u><\/a> will also be updated, from time to time, with any information on material developments or other events that may be important to investors, and we encourage investors to access this website on a regular basis for such updated information.<\/p>\n<p>The financial and other information contained in the documents that may be accessed on this page speaks only as of the date of those documents. The information could be out of date and no longer accurate. Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.<\/p>\n<p>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&#8217;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, and taxpayers. Learn more at <a href=\"http:\/\/www.freddiemac.com\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>FreddieMac.com<\/u><\/a><a href=\"http:\/\/www.freddiemac.com\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">,<\/a> Twitter <a href=\"https:\/\/twitter.com\/FreddieMac\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>@<\/u><\/a><a href=\"https:\/\/twitter.com\/FreddieMac\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>FreddieMac<\/u><\/a> and Freddie Mac&#8217;s blog <a href=\"http:\/\/www.freddiemac.com\/blog\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>FreddieMac.com\/blog<\/u><\/a>.<\/p>\n<p>\n        <br \/>\n        <strong>MEDIA CONTACT: <br \/>Michael Morosi<\/strong><br \/>\n        <br \/>\n        <strong>(703) 918-5851<\/strong><br \/>\n        <br \/>\n        <strong><br \/>\n          <a href=\"mailto:Michael_Morosi@FreddieMac.com\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Michael_Morosi@FreddieMac.com<\/a><br \/>\n          <br \/>\n        <\/strong><br \/>\n        <br \/>\n        <strong>INVESTOR CONTACTS: <br \/>Robert Koontz<\/strong><br \/>\n        <br \/>\n        <strong>571-382-4082<\/strong><br \/>\n        <br \/>\n        <strong>Amanda Nunnink<\/strong><br \/>\n        <br \/>\n        <strong>312-407-7510<\/strong>\n      <\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyNjE0MCMzOTE5ODU2IzIwODExNTY=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/45736616-5fa1-4a23-8c20-eb101d412dda\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MCLEAN, Va., Jan. 14, 2021 (GLOBE NEWSWIRE) &#8212; Freddie Mac (OTCQB: FMCC) recently priced a new offering of Multifamily Structured Credit Risk (MSCR) Notes, Series 2021-MN1. The MSCR (pronounced M-SCORE) program is designed to transfer to private investors a portion of the credit risk on eligible multifamily mortgage loans backing certain fully guaranteed securities issued by Freddie Mac, thereby reducing U.S. taxpayers\u2019 exposure to mortgage credit risk. The approximately $276 million in MSCR Notes were priced on January 12, 2021. The MSCR Notes are unsecured and unguaranteed mezzanine classes issued by a trust. Freddie Mac holds in its entirety the senior loss risk A-H class and the first loss B-2H class in the capital structure, along with retaining a portion &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Freddie Mac Prices First-of-its-Kind $276 Million in Multifamily Structured Credit Risk Notes&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-415168","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Freddie Mac Prices First-of-its-Kind $276 Million in Multifamily Structured Credit Risk Notes - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Freddie Mac Prices First-of-its-Kind $276 Million in Multifamily Structured Credit Risk Notes - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MCLEAN, Va., Jan. 14, 2021 (GLOBE NEWSWIRE) &#8212; Freddie Mac (OTCQB: FMCC) recently priced a new offering of Multifamily Structured Credit Risk (MSCR) Notes, Series 2021-MN1. The MSCR (pronounced M-SCORE) program is designed to transfer to private investors a portion of the credit risk on eligible multifamily mortgage loans backing certain fully guaranteed securities issued by Freddie Mac, thereby reducing U.S. taxpayers\u2019 exposure to mortgage credit risk. The approximately $276 million in MSCR Notes were priced on January 12, 2021. The MSCR Notes are unsecured and unguaranteed mezzanine classes issued by a trust. Freddie Mac holds in its entirety the senior loss risk A-H class and the first loss B-2H class in the capital structure, along with retaining a portion &hellip; Continue reading &quot;Freddie Mac Prices First-of-its-Kind $276 Million in Multifamily Structured Credit Risk Notes&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-14T16:20:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyNjE0MCMzOTE5ODU2IzIwODExNTY=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Freddie Mac Prices First-of-its-Kind $276 Million in Multifamily Structured Credit Risk Notes\",\"datePublished\":\"2021-01-14T16:20:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes\\\/\"},\"wordCount\":784,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODEyNjE0MCMzOTE5ODU2IzIwODExNTY=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes\\\/\",\"name\":\"Freddie Mac Prices First-of-its-Kind $276 Million in Multifamily Structured Credit Risk Notes - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODEyNjE0MCMzOTE5ODU2IzIwODExNTY=\",\"datePublished\":\"2021-01-14T16:20:01+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODEyNjE0MCMzOTE5ODU2IzIwODExNTY=\",\"contentUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODEyNjE0MCMzOTE5ODU2IzIwODExNTY=\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Freddie Mac Prices First-of-its-Kind $276 Million in Multifamily Structured Credit Risk Notes\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Freddie Mac Prices First-of-its-Kind $276 Million in Multifamily Structured Credit Risk Notes - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes\/","og_locale":"en_US","og_type":"article","og_title":"Freddie Mac Prices First-of-its-Kind $276 Million in Multifamily Structured Credit Risk Notes - Market Newsdesk","og_description":"MCLEAN, Va., Jan. 14, 2021 (GLOBE NEWSWIRE) &#8212; Freddie Mac (OTCQB: FMCC) recently priced a new offering of Multifamily Structured Credit Risk (MSCR) Notes, Series 2021-MN1. The MSCR (pronounced M-SCORE) program is designed to transfer to private investors a portion of the credit risk on eligible multifamily mortgage loans backing certain fully guaranteed securities issued by Freddie Mac, thereby reducing U.S. taxpayers\u2019 exposure to mortgage credit risk. The approximately $276 million in MSCR Notes were priced on January 12, 2021. The MSCR Notes are unsecured and unguaranteed mezzanine classes issued by a trust. Freddie Mac holds in its entirety the senior loss risk A-H class and the first loss B-2H class in the capital structure, along with retaining a portion &hellip; Continue reading \"Freddie Mac Prices First-of-its-Kind $276 Million in Multifamily Structured Credit Risk Notes\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-14T16:20:01+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyNjE0MCMzOTE5ODU2IzIwODExNTY=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Freddie Mac Prices First-of-its-Kind $276 Million in Multifamily Structured Credit Risk Notes","datePublished":"2021-01-14T16:20:01+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes\/"},"wordCount":784,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyNjE0MCMzOTE5ODU2IzIwODExNTY=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes\/","name":"Freddie Mac Prices First-of-its-Kind $276 Million in Multifamily Structured Credit Risk Notes - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyNjE0MCMzOTE5ODU2IzIwODExNTY=","datePublished":"2021-01-14T16:20:01+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes\/#primaryimage","url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyNjE0MCMzOTE5ODU2IzIwODExNTY=","contentUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyNjE0MCMzOTE5ODU2IzIwODExNTY="},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/freddie-mac-prices-first-of-its-kind-276-million-in-multifamily-structured-credit-risk-notes\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Freddie Mac Prices First-of-its-Kind $276 Million in Multifamily Structured Credit Risk Notes"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/415168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=415168"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/415168\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=415168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=415168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=415168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}