Freddie Mac (OTCQB: FMCC) today reaffirmed the credit event treatment for delinquent loans referenced in STACR® (Structured Agency Credit Risk) securities issued in the 2013-DN1, 2013-DN2, 2014-DN1 and 2014-DN2 fixed-severity transactions.
For these transactions, per the offering and contractual documents, reference obligations become credit events at 180 days or more delinquent, regardless of any grant of forbearance. For a full description of credit events, please refer to the deal documents at https://crt.freddiemac.com/offerings/stacr.aspx.
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