Freddie Mac Further Reduces Taxpayer Exposure With Credit Risk Insurance

MCLEAN, VA–(Marketwired – Nov 12, 2013) – Freddie Mac (OTCQB: FMCC) announced today that it has obtained an insurance policy underwritten by Arch Reinsurance Ltd. to cover up to $77.4 million of credit losses for a portion of the credit risk associated with a pool of Single-Family loans funded in the third quarter of 2012. This further demonstrates Freddie Mac’s innovation in developing and introducing new ways to share credit risk with the private market.

Source: http://www.marketwired.com/mw/release.do?id=1851238&sourceType=3