Risk, Capital Markets, and Credit Risk Transfer

Freddie Mac doesn't just buy mortgages — it manages and transfers credit risk on those mortgages through one of the most sophisticated capital markets operations in the U.S. financial system. STACR (Single-Family Credit Risk Transfer) and K-Deals (Multifamily) are programs every candidate should know by name. This module unpacks how Freddie Mac actually makes money, why credit risk transfer is the central financial innovation, and how risk thinking shows up in interview questions across roles — even non-finance ones. Anil Hinduja (CRO from Barclays/Citigroup) and John Glessner (Capital Markets head) anchor this story.