MCLEAN, Va., March 06, 2025 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB:FMCC) announced today the pricing of its first Seasoned Credit Risk Transfer Trust (SCRT) offering of 2025—a securitization of approximately $759 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned re-performing loans (RPLs). The SCRT 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.
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2025-1 includes approximately $727 million in guaranteed senior certificates and $32 million in non-guaranteed mezzanine and subordinate certificates. The transaction is expected to settle on March 11, 2025. The underlying collateral consists of 4,678 seasoned fixed-, step-, and adjustable-rate RPLs, and includes both loans that were modified to assist borrowers at risk of foreclosure and loans that were never modified. All of the Mortgage Loans are current as of the Cut-Off Date.
On and after closing, the Mortgage Loans will be serviced by Select Portfolio Servicing, Inc. and will be serviced in accordance with requirements that, in the event of default, prioritize borrower retention options and promote neighborhood stability.
Advisors to this transaction are Citigroup Global Markets Inc. and BofA Securities, …
