Single-Family CRT Issuance Nears $5.1 Billion
In 2025, Freddie Mac’s Single-Family credit risk transfer (CRT) program issued nearly $5.1 billion through five STACR® and six ACIS® transactions, providing credit protection for $163 billion in unpaid principal on single-family mortgages. The company also conducted tender offers and call options on several STACR and ACIS transactions, covering approximately 62% of its single-family mortgage portfolio with credit enhancements as of September 30, 2025. Since launching the first agency single-family CRT transaction in 2013, Freddie Mac has transferred around $118 billion in credit risk across more than $3.6 trillion of mortgages through over 200 STACR and ACIS deals.
Looking ahead to 2026, Freddie Mac plans to continue issuing one-to-two STACR and ACIS transactions per quarter, alongside ongoing tender offers and evaluating eligible calls. These programs transfer mortgage credit risk to private capital and reinsurance markets, supporting stability, liquidity and affordability in the U.S. housing market. Freddie Mac emphasizes that the CRT program will maintain enhanced data transparency through its Clarity Data Intelligence portal, helping investors make informed decisions while safeguarding the company’s mortgage portfolio.
