Freddie Mac · OTC:FMCC
Freddie Mac — Investor Presentation (June 2026)
17 slides from Freddie Mac's investor presentation, Jun 30, 2026
Slide 1: Multifamily Structured Credit Risk Program Overview (MSCR Notes)
Multifamily Structured Credit Risk® Program Overview (MSCR® Notes) Investor Presentation as of June 30, 2026
Slide 2: Multifamily Structured Credit Risk (MSCR) Program
Investor Resources MSCR Program Overview Recent Transaction Highlights Performance Appendices MSCR Program Overview Recent Transaction Highlights Performance Investor Resources Appendices Multifamily Structured Credit Risk® (MSCR®) Program MSCR Notes offer capital markets investors an innovative way
Slide 3: MSCR Reference Obligations
Investor Resources MSCR Program Overview Recent Transaction Highlights Performance Appendices MSCR Program Overview Recent Transaction Highlights Performance Investor Resources Appendices MSCR Reference Obligations MSCR notes transfer the credit risk on a pool of loans primarily backing fully guaran
Slide 4: MSCR CRT Historical Issuance
Investor Resources MSCR Program Overview Recent Transaction Highlights Performance Appendices MSCR Program Overview Recent Transaction Highlights Performance Investor Resources Appendices MSCR CRT Historical Issuance MSCR 2026- MSCR 2026- MSCR 2025- MSCR MSCR MSCR MSCR MSCR MSCR MSCR MSCR Category M
Slide 5: Strategic Growth of Fully Guaranteed Securitizations Increased the Need for MSCR
Investor Resources MSCR Program Overview Recent Transaction Highlights Performance Appendices MSCR Program Overview Recent Transaction Highlights Performance Investor Resources Appendices Strategic Growth of Fully Guaranteed Securitizations Increased the Need for MSCR Senior/Sub vs. Fully Guaranteed
Slide 6: Underwriting and Credit
Investor Resources MSCR Program Overview Recent Transaction Highlights Performance Appendices MSCR Program Overview Recent Transaction Highlights Performance Investor Resources Appendices Underwriting and Credit Our credit policy and consistent underwriting practices are among the main drivers of th
Slide 7: Sample MSCR Trust Structure
Investor Resources MSCR Program Overview Recent Transaction Highlights Performance Appendices MSCR Program Overview Recent Transaction Highlights Performance Investor Resources Appendices Sample MSCR Trust Structure Hypothetical allocations of principal payments Reference Pool: Comprises primarily l
Slide 8: Deal Subordination and Waterfall Trigger
Investor Resources MSCR Program Overview Recent Transaction Highlights Performance Appendices MSCR Program Overview Recent Transaction Highlights Performance Investor Resources Appendices Deal Subordination and Waterfall Trigger Trigger Not in Effect Trigger in Effect Last Loss Pro Rata Regular Prin
Slide 9: 2026 MSCR Transaction Highlights
Investor Resources MSCR Program Overview Recent Transaction Highlights Performance Appendices MSCR Program Overview Recent Transaction Highlights Performance Investor Resources Appendices 2026 MSCR Transaction Highlights 1 1 Early Redemption Maturity 2026 MN14 Deal Structure Breakdown of Investors P
Slide 10: Historical Freddie Mac Multifamily Loan Performance
Investor Resources MSCR Program Overview Recent Transaction Highlights Performance Appendices MSCR Program Overview Recent Transaction Highlights Performance Investor Resources Appendices Historical Freddie Mac Multifamily Loan Performance1 Realized Loss Comparison by Funding Year (1994 – 2025) $60
Slide 11: Loan Performance Resources at Your Fingertips
Investor Resources MSCR Program Overview Recent Transaction Highlights Performance Appendices MSCR Program Overview Recent Transaction Highlights Performance Investor Resources Appendices Loan Performance Resources at Your Fingertips Performance data for our MSCR Notes is updated monthly on the Secu
Slide 12: Additional Resources
Investor Resources MSCR Program Overview Recent Transaction Highlights Performance Appendices MSCR Program Overview Recent Transaction Highlights Performance Investor Resources Appendices Additional Resources Stay Up to Date with Our Investor Resources Connect with Us Securitization Overview - https
Slide 13: Appendix A: MSCR Historical Pricing
Investor Resources MSCR Program Overview Recent Transaction Highlights Performance Appendices MSCR Program Overview Recent Transaction Highlights Performance Investor Resources Appendices Appendix A: MSCR Historical Pricing MSCR MSCR MSCR MSCR MSCR MSCR MSCR MSCR MSCR MSCR MSCR 2026-MN14 2026-MN13 2
Slide 14: Appendix B: Allocation of Loss in MSCR Structures
Investor Resources MSCR Program Overview Recent Transaction Highlights Performance Appendices MSCR Program Overview Recent Transaction Highlights Performance Investor Resources Appendices Appendix B: Allocation of Loss in MSCR Structures Disposition Loss Modification Loss (+) UPB as of the date of d
Slide 15: Appendix C: Servicing Standards
Investor Resources MSCR Program Overview Recent Transaction Highlights Performance Appendices MSCR Program Overview Recent Transaction Highlights Performance Investor Resources Appendices Appendix C: Servicing Standards The Freddie Mac Multifamily Servicing Standard ensures best-in-class service thr
Slide 16: Appendix D: Historical MSCR Investors
Investor Resources MSCR Program Overview Recent Transaction Highlights Performance Appendices MSCR Program Overview Recent Transaction Highlights Performance Investor Resources Appendices Appendix D: Historical MSCR Investors1 MSCR Investors by Type Year-over-Year MSCR Investors by Type 2% 4% 3% 100
Slide 17: Forward-looking statements
This product overview may contain forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, some of which are beyond the company’s control. Management’s expectations for the company’s future necessarily involve several assumptions, judgments and estima