Freddie Mac STACR REMIC Trust 2025-DNA2's issuance is an RMBS securitization backed by fully amortizing, first-lien, fixed-rate residential mortgage loans secured by one- to four-family residences, planned-unit developments, condominiums, cooperatives, and manufactured housing to mostly prime borrowers. We assigned our preliminary ratings to the transaction's notes. The preliminary ratings reflect our view of the transaction's credit enhancement and associated structural deal mechanics, among other factors. NEW YORK (S&P Global Ratings) May 12, 2025--S&P Global Ratings today assigned its preliminary ratings to Freddie Mac STACR REMIC Trust 2025-DNA2's fixed-, floating-, and variable-rate notes (see list). The note issuance is an RMBS securitization backed by fully amortizing, first-lien, fixed-rate residential mortgage loans secured by one- to four-family residences, planned-unit developments, condominiums, cooperatives,
