Freddie Machas priced an offering of approximately $348 million of guaranteed senior and nonguaranteedsubordinate actual loss securities.

Freddie Mac Whole Loan Securities Trust Series 2016-SC01, whichis expected to settle later in July, will issue approximately $327 million in guaranteedsenior certificates and approximately $21 million in unguaranteed subordinate certificates.The collateral backing the certificates are 661 fixed-rate super conforming loans.

Bank of America Merrill Lynch and Barclays are co-lead managersand joint book runners.