CapitalMarkets.FreddieMac.com

Seasoned Loan Offerings

RPL MBS

Guaranteed R, M, and H Pools. Primarily 4 to 6+ months clean pay history. Serviced to Freddie Mac Guide. No forborne UPB. No servicing change.

SCRT - RPL Senior/Sub

Guaranteed Seniors/ Non-guaranteed Subs. Primarily 6+ months clean pay history. Serviced to FHFA's RPL Requirements. Includes forborne UPB. Freddie Mac selects servicer for trust.

NPL Sales

Whole loan sale of deeply delinquent mortgage loans. SPO and EXPO Offerings. Serviced to FHFA's NPL Requirements. Includes forborne UPB. NPL buyer selects servicer.

SLST - RPL Structured Sales

Guaranteed Seniors/ Non-guaranteed Subs. Primarily inconsistent pay and moderately delinquent RPLs. Serviced to FHFA's RPL Requirements. Includes forborne UPB. Buyer of subs may select servicer post-closing.

Assets in Freddie Mac seasoned loan offerings are comprised primarily of loans repurchased out of Freddie Mac's single-family guaranteed MBS, generally due to delinquency, modification, or foreclosure referral. These loans are typically retained in Freddie Mac's mortgage-related investments portfolio while servicers work with borrowers on loss mitigation, including loan modifications. A large volume of the distressed loans in the mortgage-related investments portfolio transition to performing status as a result of the loss mitigation activities of Freddie Mac and our legacy servicers. However, some of these loans remain non-performing despite these activities.

Our seasoned loan offerings, including sales and securitizations of re-performing loans and non-performing loans, provide Freddie Mac with an effective mechanism to manage and reduce the interest and credit risk associated with these loans.

Key goals of these transactions include:

  • Improve the liquidity for and reduce less liquid assets retained by Freddie Mac via economically sensible transactions
  • Provide flexibility to manage market and credit risk on these assets
  • Promote servicing that prioritizes non-foreclosure resolutions, including modifications
  • Consider impacts to borrowers, neighborhood stability and the market