’s Single-Family business today announced that its Credit Risk Transfer (CRT) program transferred credit risk via $4.8 billion of issuance on $167.2 billion of single-family mortgages from U.S. taxpayers to the private sector in the fourth quarter 2020. The issuance included STACR®, ACIS®, subordination and certain lender risk sharing transactions
. In 2020, the company transferred risk via $16.9 billion of issuances on more than $475.8 billion of mortgages.
“Despite a challenging environment, Freddie Mac’s Single-Family CRT program closed out its biggest year ever in 2020,” said Freddie Mac’s Mike Reynolds, Vice President of Single-Family CRT. “Our effectiveness in managing risk and tailoring transactions to investor needs and market conditions, together with our ongoing commitment to leadership in this asset class, helped drive demand for our CRT products.”