Freddie Mac accepted 100% of two note groups; the other three ranged from 95.37% to 99.95%.
Freddie Mac (FMCC) announced the results of its offer to purchase STACR Notes, accepting 100% of two note groups and 95.37% to 99.95% of the others. The total principal amount accepted was $1,110,741,000. The settlement date is expected on November 3, 2026.
How this was made
The 30-second read
Why it matters
The tender results provide the first public detail on the scale and acceptance rates of the latest STACR note purchase, a material corporate action.
Market read
The announcement may affect FMCC's stock and related mortgage‑backed securities, with limited broader market impact.
What to watch
Potential impact on FMCC's credit metrics and future capital raising capacity.
Background
Freddie Mac (FMCC) runs the Single‑Family Credit Risk Transfer program, issuing STACR notes to transfer mortgage credit risk to private investors.
Ticker impact
Freddie Mac announced acceptance of 100% of two STACR note groups and 95.37%-99.95% of three others, totaling $1.11 billion in tendered notes.
likely pressure as the market prices in the cash outflow from the tender purchase
The announcement is a primary disclosure of a sizable $1.1 bn tender, which can affect liquidity and valuation.
Market effects
May influence other GSE‑related securities and mortgage‑backed securities market.
Limited to U.S. mortgage finance sector.
Low global relevance beyond U.S. housing finance.
Counterpoint
Investors could view the tender as a sign of confidence in FMCC's balance sheet, supporting a bullish stance.
Key entities
- CompanyFreddie Mac
U.S. government‑sponsored enterprise issuing STACR notes.
- DealerWells Fargo Securities
Lead dealer manager for the tender offer.
