Freddie Mac upsized its latest offering of risk-sharing notes, demonstrating investor demand for the first loss position when homeowners stop making mortgage payments.

Credit Suisse and Bank of America Merrill Lynch were co-lead managers and joint bookrunners on the $860 million Structured Agency Credit Risk (STACR) Series 2015-HQ1, which references a pool of recently-originated, single-family loans with an unpaid principal balance of more than $16.5 billion. The loans are made to borrowers who have between 5% and 20% of the equity in their homes.

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.