Freddie Mac obtained one final new insurance policy under its Agency Credit Insurance Structure program in 2016.

The policy will cover up to a combined maximum limit of $285 million of credit losses on single-family loans. The transaction transfers much of the credit risk for a $16 billion reference pool containing 15-year mortgages the government-sponsored enterprise bought during the first nine months of 2016.

Additionally, this is just the second ACIS transaction to not be connected to Structured Agency Credit Risk debt note bonds.

"We are pleased with the continued expansion of our broker relationships, which has supported the steady growth of the ACIS program," Gina Subramonian Healy, vice president of credit risk transfer at Freddie, said in a news release.

"This important network has not only helped us to educate and gain access to new markets but also strengthen our overall program."