10.11.2016 22:44:00
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Moody's assigns provisional ratings to Freddie Mac Whole Loan Securities Trust, Series 2016-SC02
New York, November 10, 2016 -- Moody's Investors Service, ("Moody's") has assigned provisional ratings to two classes of residential mortgage-backed securities (RMBS) issued by Freddie Mac Whole Loan Securities Trust, Series 2016-SC02 (FWLS 2016-SC02). The ratings range from (P)Baa1 (sf) to (P)Ba2 (sf). The certificates are backed by two pools of fixed-rate super conforming prime residential mortgage loans. The collateral pools consist of loans acquired by Freddie Mac from four sellers (Fremont Bank (37.0%), Caliber Home Loans (28.9%), Wells Fargo (20.0%), and Quicken Loans (14.2%) pursuant to the terms of the Freddie Mac Single-Family Seller/Servicer Guide. Freddie Mac will serve in a number of capacities with respect to the Trust. Freddie Mac will be the Guarantor of the Senior Certificates, Seller, Master Servicer, Master Document Custodian and Trustee.