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62 | M REPORT SECONDARY MARKET THE LATEST O R I G I NAT I O N S E R V I C I N G DATA G O V E R N M E N T S E C O N DA R Y M A R K E T Freddie Mac Reports Impact of Single-Family Green MBS Issuance According to the GSE, in 2021 Freddie Mac's Single- Family Green MBS Issuance totaled $617 million of bonds, backed by 2,454 Freddie Mac GreenCHOICE Mortgage refi loans. F reddie Mac has released its Green MBS Impact Report for 2021, providing transparency under the enterprise's Single-Family Green Bond Framework. In addition to reporting the impact of the Single-Family Green MBS Pro- gram's 2021 issuance, the report provides an overview of Freddie Mac's Corporate Environmental, Social, and Governance (ESG) focus areas, and Single-Family Green Bond Framework. According to the report, 2021 Freddie Mac Single-Family Green MBS Issuance totaled $617 million of bonds, backed by 2,454 Freddie Mac GreenCHOICE Mortgage refinance loans. At least a portion of proceeds from each refinanced mortgage paid off the existing debt that had been used to finance the purchase and installation of solar panels as a renewable energy source. Prior to MBS issuance, Freddie Mac confirmed the pres- ence of a renewable energy source installed on the properties securing each of the mortgages included in the issuance. "Freddie Mac's sustainability focus strengthens our commit- ment to our mission and helps us drive long-term value for our stakeholders while making a dif- ference in our communities," said Freddie Mac's Mark Hanson, SVP, Securitization. "This first Single- Family Impact Report covers the inaugural year of Green Mortgage- Backed Security issuance. But instead of a summary and conclu- sion, this report is just the begin- ning of our journey. We intend to innovate in this space and foster a market for these loans." To calculate the metrics de- scribed in the report, Freddie Mac developed a methodology in co- ordination with Earth Advantage Inc., a 501(c)(3) non-profit working to create an informed and humane residential real estate marketplace. Based on the methodology, Freddie Mac estimates that its 2021 Single-Family Green MBS issuance: • Netted enough energy to power 1,877 homes; • Avoided greenhouse gas emis- sions the equivalent of taking 2,433 cars off the road for a year; and • Saved an average of $1,027 in annual utility costs for each homeowner with a GreenCHOICE Mortgage included in a 2021 Freddie Mac Single-Family Green MBS.