Freddie Mac prices $343.2M SLST Securitization

Freddie Mac (FMCC) announced the pricing of the Freddie Mac Seasoned Loans Structured Transaction Trust Series 2025-2, a securitization of approximately $343.2M including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned residential mortgage loans. The SLST program is a fundamental part of Freddie Mac’s seasoned loan offerings which reduce less-liquid assets in its mortgage-related investments portfolio and shed credit and market risk via economically reasonable transactions. The transaction includes approximately $308.8M in guaranteed senior certificates and approximately $34.3M in non-guaranteed subordinate certificates. The subordinate certificates were auctioned and awarded on October 24, 2025. The transaction is expected to settle on October 30, 2025. The underlying collateral backing the certificates consists of 1,985 fixed-, adjustable-, and step-rate seasoned loans, and includes both loans modified to assist borrowers at risk of foreclosure and loans that were never modified. As of the cut-off date, none of the loans are more than 150 days delinquent. The loans will initially be serviced by Select Portfolio Servicing, Inc. and Newrez LLC, d/b/a Shellpoint Mortgage Servicing.