Freddie Mac said it settled $49.7 Million....>

US MBS: Freddie Mac said it settled $49.7 Million in Structured Credit Risk Debt

Notes, its "third offering of Multifamily Structured Credit Risk Debt Notes,

which gives private investors a portion of the credit risk on certain

multifamily mortgage loans backing participation certificates (Multi PCs)

guaranteed by Freddie Mac and multifamily mortgage loans backing targeted

affordable rental housing tax-exempt bonds. The approximately $49.7 Mln in SCR

Notes (pronounced SCORE Notes) settled on Dec. 20, 2017."

- It said SCR notes were introduced in May 2016, and are "unsecured and

unguaranteed corporate bonds that build on the company's successful multifamily

securities offerings and single-family Structured Agency Credit Risk debt notes,

and reduce taxpayers' exposure to mortgage default risk. With SCR Notes, the

first-loss credit risk of a specified pool of mortgages is transferred to

private capital mkts credit investors. Freddie Mac retains the senior loss

credit risk."