I wonder when the press will pick up on this. of course a small % of overall
" an effort to bring private capital back into the market, Freddie Mac has led the industry in developing new ways to share single-family credit risk. Earlier this week, we priced our second single-family risk transfer transaction – $630 million in STACRSM debt notes. The market reception was extremely strong. This offering was modeled after the very successful deal we closed in July – the first of its kind in the market.
On the Multifamily side, we completed our fifteenth K-Deal offering of the year during the quarter and we’ve since done two more. This highly successful structure lays off more than 95 percent of the credit risk to investors. We’ve done more than 50 of these transactions since 2008 – totaling approximately $64 billion.
In summary, I believe we continue to make strong progress at Freddie Mac. In fact, we’re a stronger and better-run company than we have been in years. Moving forward, we remain committed to supporting the housing market, serving our customers, and building a stronger future for America’s families.