Freddie Mac has moved from transferring the credit risk on newly originated loans to older loans that have been modified in order to avoid default.

The latest transaction, Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2016-1 is a securitization of $943.5 million of mortgages to borrowers who were once delinquent but have been modified and have been making timely payments for at least 37 months.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.