Freddie Mac is preparing its second offering of the year of Structured Agency Credit Notes, which offload some of the risk of default on mortgages that it insures.

STACR are general obligations of Freddie Mac, but their performance is linked to a reference pool of mortgages. This transaction, STACR Series 2017-HQA1, is linked to 123,472 loans totaling $29.65 billion that the company acquired between April 1 and July 31, 2016.

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