Freddie Mac STACR REMIC Trust 2025-DNA2 (STACR 2025-DNA2) is structured as a real estate mortgage investment conduit (REMIC), which could help protect investors from counterparty risk exposure to Freddie Mac. The notes are issued from a trust with assets that primarily consist of the note proceeds, investments on those proceeds, and the designated Q-REMIC interests. This transaction features a rated senior A-1 note, first introduced in STACR 2023-HQA3. The A-1 tranche provides credit support for the A-H reference tranche and is itself supported by the subordinate tranches. As long as the class A-1 cumulative net loss test is not breached (1.00%), the A-1 tranche receives a set schedule of principal payments within the first 36 periods (the scheduled principal payment
