Freddie Mac is marketing its 20th offering of Structured Agency Credit Risk (STACR) notes offloading exposure to defaults on residential mortgages that it insures.

STACR Debt Notes Series 2016-DNA2 is a $916 million bonds offering  featuring a reference pool of primarily single-family mortgages with an unpaid principal balance of $30 billion. According to a release, Freddie will hold the senior loss risk in the capital structure but is passing along shared risk to investors in the Class M-1, M-2, M-3 and B Bonds within the portfolio.

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