Represents underwriters on 2015 Freddie Mac STACR transaction
May 20, 2016
Hunton & Williams LLP congratulates Freddie Mac on winning GlobalCapital’s RMBS Deal of the Year award for its Structured Agency Credit Risk (STACR) 2015-HQA1 debt notes offering.
Hunton’s team, led by partners Tom Hiner, Brent Lewis and Janet McCrae, with Cecelia Horner for tax matters, represented the underwriters on the offering, which closed in September 2015. Through STACR, Freddie Mac transfers a portion of its credit risk, including first loss, on certain groups of loans to private investors. The first STACR transaction in July 2013 sparked demand that has grown steadily. Hunton & Williams has represented the underwriters from the inception and structuring of the program in 2012, and represented the underwriters on each of the STACR transactions.
“We are proud of our role in advising on this and Freddie Mac’s other STACR transactions, which help to increase nonpublic investors’ stake in the market for single-family mortgage loans guaranteed by Freddie Mac,” Hiner said.
GlobalCapital is a financial news and data service covering the capital markets. Its RMBS Deal of the Year is one of the premier capital markets awards that recognize the issuers, investors, banks and law firms that work on innovative securitization transactions.