Freddie Mac (OTCQB: FMCC) has announced the pricing of its Seasoned Loans Structured Transaction Trust (SLST) Series 2025-1, a $284.2 million securitization backed by seasoned residential mortgage loans. The transaction includes $262.9 million in guaranteed senior certificates and $21.3 million in non-guaranteed subordinate certificates. The deal, expected to settle on May 28, 2025, is backed by 1,891 fixed-, adjustable-, and step-rate seasoned loans. The SLST program is part of Freddie Mac's strategy to reduce less-liquid assets and transfer credit risk. Since 2011, Freddie Mac has sold approximately $10.4 billion of NPLs and securitized about $80.3 billion of RPLs through various programs. The underlying loans will be serviced by Select Portfolio Servicing, Inc., with none being more than 150 days delinquent as of the cut-off date.
Freddie Mac (OTCQB: FMCC) ha annunciato il prezzo della sua Seasoned Loans Structured Transaction Trust (SLST) Series 2025-1, una cartolarizzazione da 284,2 milioni di dollari garantita da mutui residenziali stagionati. La transazione comprende certificati senior garantiti per 262,9 milioni di dollari e certificati subordinati non garantiti per 21,3 milioni di dollari. L'operazione, che dovrebbe concludersi il 28 maggio 2025, è garantita da 1.891 mutui stagionati a tasso fisso, variabile e a tasso crescente. Il programma SLST fa parte della strategia di Freddie Mac per ridurre gli attivi meno liquidi e trasferire il rischio di credito. Dal 2011, Freddie Mac ha venduto circa 10,4 miliardi di dollari di NPL e ha cartolarizzato circa 80,3 miliardi di RPL attraverso vari programmi. I mutui sottostanti saranno gestiti da Select Portfolio Servicing, Inc., e nessuno risulta in ritardo di pagamento superiore a 150 giorni alla data di riferimento.
Freddie Mac (OTCQB: FMCC) ha anunciado el precio de su Seasoned Loans Structured Transaction Trust (SLST) Serie 2025-1, una securitización de 284,2 millones de dólares respaldada por préstamos hipotecarios residenciales maduros. La transacción incluye certificados senior garantizados por 262,9 millones de dólares y certificados subordinados no garantizados por 21,3 millones de dólares. El acuerdo, que se espera se liquide el 28 de mayo de 2025, está respaldado por 1.891 préstamos maduros con tasa fija, ajustable y escalonada. El programa SLST forma parte de la estrategia de Freddie Mac para reducir activos menos líquidos y transferir el riesgo crediticio. Desde 2011, Freddie Mac ha vendido aproximadamente 10.400 millones de dólares en NPL y ha securitizado alrededor de 80.300 millones de dólares en RPL a través de varios programas. Los préstamos subyacentes serán gestionados por Select Portfolio Servicing, Inc., y ninguno presenta un retraso en pagos superior a 150 días en la fecha de corte.
Freddie Mac(OTCQB: FMCC)는 Seasoned Loans Structured Transaction Trust (SLST) Series 2025-1의 가격을 발표했습니다. 이는 2억 8,420만 달러 규모의 유동화로, 숙성된 주택담보대출을 담보로 합니다. 거래에는 2억 6,290만 달러의 보증된 선순위 증서와 2,130만 달러의 비보증 후순위 증서가 포함되어 있습니다. 이 거래는 2025년 5월 28일에 결제될 예정이며, 고정, 변동, 단계별 금리의 숙성 대출 1,891건이 담보로 제공됩니다. SLST 프로그램은 유동성이 낮은 자산을 줄이고 신용 위험을 이전하기 위한 Freddie Mac의 전략의 일환입니다. 2011년 이후 Freddie Mac은 약 104억 달러의 부실채권(NPL)을 매각하고 약 803억 달러의 재무담보대출(RPL)을 다양한 프로그램을 통해 유동화했습니다. 기초 대출은 Select Portfolio Servicing, Inc.가 관리하며, 기준일 현재 150일 이상 연체된 대출은 없습니다.
Freddie Mac (OTCQB : FMCC) a annoncé le prix de sa Seasoned Loans Structured Transaction Trust (SLST) Série 2025-1, une société de titrisation de 284,2 millions de dollars adossée à des prêts hypothécaires résidentiels anciens. La transaction comprend 262,9 millions de dollars de certificats senior garantis et 21,3 millions de dollars de certificats subordonnés non garantis. L'opération, dont le règlement est prévu pour le 28 mai 2025, est adossée à 1 891 prêts anciens à taux fixe, variable et progressif. Le programme SLST s'inscrit dans la stratégie de Freddie Mac visant à réduire les actifs moins liquides et à transférer le risque de crédit. Depuis 2011, Freddie Mac a vendu environ 10,4 milliards de dollars de prêts non performants (NPL) et titrisé environ 80,3 milliards de dollars de prêts performants (RPL) via divers programmes. Les prêts sous-jacents seront gérés par Select Portfolio Servicing, Inc., aucun n'étant en retard de paiement de plus de 150 jours à la date de coupure.
Freddie Mac (OTCQB: FMCC) hat die Preisfestsetzung für seinen Seasoned Loans Structured Transaction Trust (SLST) Serie 2025-1 bekannt gegeben, eine Verbriefung in Höhe von 284,2 Millionen US-Dollar, die durch erfahrene Wohnungsbaudarlehen besichert ist. Die Transaktion umfasst 262,9 Millionen US-Dollar an garantierten Senior-Zertifikaten und 21,3 Millionen US-Dollar an nicht garantierten nachrangigen Zertifikaten. Der Deal, dessen Abwicklung für den 28. Mai 2025 erwartet wird, wird durch 1.891 erfahrene Festzins-, variabel verzinsliche und stufenweise verzinsliche Darlehen abgesichert. Das SLST-Programm ist Teil von Freddie Macs Strategie, weniger liquide Vermögenswerte zu reduzieren und Kreditrisiken zu übertragen. Seit 2011 hat Freddie Mac etwa 10,4 Milliarden US-Dollar an notleidenden Krediten (NPL) verkauft und rund 80,3 Milliarden US-Dollar an performanten Krediten (RPL) über verschiedene Programme verbrieft. Die zugrunde liegenden Darlehen werden von Select Portfolio Servicing, Inc. verwaltet, wobei kein Darlehen zum Stichtag länger als 150 Tage in Verzug ist.
Positive
Successful securitization of $284.2 million in residential mortgage loans
Strong loan quality with no loans more than 150 days delinquent
Effective risk management through transfer of credit and market risk
Demonstrates continued success in reducing less-liquid assets from portfolio
Negative
None.
MCLEAN, Va., May 21, 2025 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced the pricing of the Freddie Mac Seasoned Loans Structured Transaction Trust (SLST) Series 2025-1, a securitization of approximately $284.2 million 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 $262.9 million in guaranteed senior certificates and approximately $21.3 million in non-guaranteed subordinate certificates. The subordinate certificates were auctioned and awarded on May 19, 2025. The transaction is expected to settle on May 28, 2025.
The underlying collateral backing the certificates consists of 1,891 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. On and after the closing date, the loans will be serviced by Select Portfolio Servicing, Inc.
Advisors to this transaction are BofA Securities, Inc. and Wells Fargo Securities, LLC as co-lead managers and joint bookrunners, and Citigroup Global Markets Inc., Nomura Securities International, Inc., Academy Securities, Inc. (a veteran-owned business) and StoneX Financial Inc. as the co-managers.
Freddie Mac’s seasoned loan offerings focus on reducing less-liquid assets in the company’s mortgage-related investments portfolio in an economically sensible way. This includes sales of Non-Performing Loans (NPLs), securitizations of re-performing loans (RPLs) and structured RPL transactions. Since 2011, Freddie Mac has sold approximately $10.4 billion of NPLs and securitized approximately $80.3 billion of RPLs consisting of $30.4 billion of fully guaranteed MBS, $36.9 billion through the Seasoned Credit Risk Transfer (SCRT) program, and $13.0 billion through the SLST program. Requirements guiding the servicing of these transactions are focused on improving borrower outcomes and stabilizing communities. Additional information about Freddie Mac’s seasoned loan offerings is available at: http://www.freddiemac.com/seasonedloanofferings/
This announcement is not an offer to sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac’s Annual Report on Form 10-K for the year ended December 31, 2024, filed with the Securities and Exchange Commission (SEC) on February 13, 2025; all other reports Freddie Mac filed with the SEC pursuant to Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act) since December 31, 2024, excluding any information "furnished" to the SEC on Form 8-K; and all documents that Freddie Mac files with the SEC pursuant to Sections 13(a), 13(c) or 14 of the Exchange Act, excluding any information “furnished” to the SEC on Form 8-K.
Freddie Mac’s press releases sometimes contain forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, some of which are beyond the company’s control. Management’s expectations for the company’s future necessarily involve a number of assumptions, judgments and estimates, and various factors could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements. These assumptions, judgments, estimates and factors are discussed in the company’s Annual Report on Form 10-K for the year ended December 31, 2024, and its reports on Form 10-Q and Form 8-K, which are available on the Investor Relations page of the company’s Web site at www.FreddieMac.com/investors and the SEC’s website at www.sec.gov. The company undertakes no obligation to update forward-looking statements it makes to reflect events or circumstances occurring after the date of this press release.
The financial and other information contained in the documents that may be accessed on this page speaks only as of the date of those documents. The information could be out of date and no longer accurate. Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.
Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability and affordability in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | X | LinkedIn | Facebook | Instagram | YouTube
MEDIA CONTACT: Fred Solomon 703-903-3861 Frederick_Solomon@freddiemac.com
FAQ
What is the size of Freddie Mac's SLST Series 2025-1 securitization?
Freddie Mac's SLST Series 2025-1 securitization is approximately $284.2 million, including $262.9 million in guaranteed senior certificates and $21.3 million in non-guaranteed subordinate certificates.
How many loans are included in FMCC's SLST Series 2025-1 securitization?
The securitization includes 1,891 fixed-, adjustable-, and step-rate seasoned loans, with none being more than 150 days delinquent as of the cut-off date.
When will Freddie Mac's SLST Series 2025-1 transaction settle?
The transaction is expected to settle on May 28, 2025.
How much has Freddie Mac securitized through its seasoned loan programs since 2011?
Since 2011, Freddie Mac has sold $10.4 billion of NPLs and securitized approximately $80.3 billion of RPLs through various programs.
Who will service the loans in FMCC's SLST Series 2025-1 securitization?
The loans will be serviced by Select Portfolio Servicing, Inc. on and after the closing date.
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