Freddie Mac has obtained new insurance policies under its Agency Credit Insurance Structure (ACIS) program. Through ACIS, Freddie Mac transfer a portion of the credit risk associated with its Structured Agency Credit Risk (STACR) debt note reference pools to insurance and reinsurance companies around the globe.

This new transaction provides credit loss protection up to a combined maximum limit of approximately $336 million of losses on single-family loans and transfers much of the remaining credit risk associated with another transaction, STACR 2016-HQA1, completed this month.

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