KBRA Assigns Preliminary Ratings to Freddie Mac’s STACR 2024-HQA1
KBRA assigns preliminary ratings to 24 classes from Freddie Mac Structured Agency Credit Risk (STACR®) REMIC 2024-HQA1 Notes, Freddie Mac STACR REMIC Trust 2024-HQA1 (STACR 2024-HQA1), a credit risk sharing transaction with a total note offering of $712,000,000.
- KBRA assigns preliminary ratings to 24 classes from Freddie Mac Structured Agency Credit Risk (STACR®) REMIC 2024-HQA1 Notes, Freddie Mac STACR REMIC Trust 2024-HQA1 (STACR 2024-HQA1), a credit risk sharing transaction with a total note offering of $712,000,000.
- STACR 2024-HQA1 features loans with loan-to value (LTV) ratios greater than 80%, but less than or equal to 97%.
- The Offered Notes represent obligations of the STACR 2024-HQA1 Trust in a credit-linked note structure governed by a credit protection agreement between the trust and Freddie Mac, with payments subject to the credit and principal payment risks of the STACR 2024-HQA1 Reference Pool.
- The STACR 2024-HQA1 Reference Pool consists of 69,295 residential mortgage loans with an outstanding principal balance of approximately $23.1 billion as of the cut-off date.