Updated as of November 2022

Since 2021, Freddie Mac has exercised its 5-Year ACIS call option to wind down over $1 billion in out-of-the-money coverage and save over $100 million in future premium spend.

Freddie Mac retains sole discretion over whether or not to exercise any call options and the timing thereof, which may be impacted by market conditions, business objectives and regulatory approvals. As such, the information contained herein does not guarantee the timing of any future exercise of the call option by Freddie Mac. The information presented herein is for informational purposes only.

Freddie Mac may exercise call options on STACR and ACIS deals, as specified in the applicable private placement memorandum and/or offering documents, and will determine when to exercise based on business objectives which may consider capital relief, cost, and other factors.

Freddie Mac is committed to transparency and keeping the CRT community informed. Please email [email protected] with any questions.

Call Rationale Illustration

Call Options Exercised

STACR

Deal Name Deal Closing Date Deal Maturity Date Date Exercised
STACR 2014-HQ1 8/11/2014 8/25/2024 5/25/2022

ACIS

Deal Name Policy Effective Date Policy Maturity Date Date Exercised
ACIS 2017-HQA3 10/18/2017 4/25/2030 10/25/2022
ACIS 2017-DNA3 10/4/2017 3/25/2030 10/25/2022
ACIS 2017-HQA2 6/20/2017 12/25/2029 6/25/2022
ACIS 2018-SAP1 4/4/2018 10/25/2025 4/25/2022
ACIS 2017-DNA2 4/11/2017 10/25/2029 4/25/2022
ACIS 2017-DI01 3/1/2017 12/25/2027 3/25/2022
ACIS 2017-HQA1 2/22/2017 8/25/2029 2/25/2022
ACIS 2017-DNA1 2/7/2017 7/25/2029 2/25/2022
ACIS 2016-SAP2 11/1/2016 5/25/2024 11/25/2021
ACIS 2017-SAP1 5/1/2017 11/25/2024 5/25/2021
ACIS 2016-SAP1 4/25/2016 10/25/2023 4/25/2021

Potential Upcoming Call Options

Includes deals that may become eligible for call within the next 12 months based on term or current reference pool factor below 15% as of posting

STACR

Deal Name Deal Closing Date Legal Maturity Date
STACR 2015-HQ1 3/31/2015 3/25/2025
STACR 2014-DN3 8/11/2014 8/25/2024
STACR 2015-DN1 2/3/2015 1/25/2025
STACR 2014-DN4 10/28/2014 10/25/2024
STACR 2015-HQA1 9/28/2015 3/25/2028

ACIS

Deal Name Policy Effective Date Policy Maturity Date
ACIS 2017-HRP1 12/13/2017 6/25/2030