Freddie Mac Prices Approximately $272.2 Million SLST Securitization
Freddie Mac announced the pricing of its Seasoned Loans Structured Transaction Trust (SLST) Series 2024-2, a $272.2 million securitization backed by seasoned residential mortgage loans. The transaction includes $245.0 million in guaranteed senior certificates and $27.2 million in non-guaranteed subordinate certificates. The underlying collateral consists of 1,694 fixed-, adjustable-, and step-rate seasoned loans. Since 2011, Freddie Mac has sold $10.3 billion of NPLs and securitized approximately $79.3 billion of RPLs through various programs.
Freddie Mac ha annunciato la determinazione del prezzo per la sua Transazione Strutturata di Prestiti Consolidati (SLST) Serie 2024-2, una cartolarizzazione da 272,2 milioni di dollari sostenuta da prestiti ipotecari residenziali consolidati. La transazione include 245,0 milioni di dollari in certificati senior garantiti e 27,2 milioni di dollari in certificati subordinati non garantiti. Il collaterale sottostante consiste in 1.694 prestiti consolidati a tasso fisso, variabile e a tasso step. Dal 2011, Freddie Mac ha venduto 10,3 miliardi di dollari di NPL e ha cartolarizzato circa 79,3 miliardi di dollari di RPL attraverso vari programmi.
Freddie Mac anunció la determinación del precio de su Transacción Estructurada de Préstamos Consolidados (SLST) Serie 2024-2, una securitización de 272,2 millones de dólares respaldada por préstamos hipotecarios residenciales consolidados. La transacción incluye 245,0 millones de dólares en certificados senior garantizados y 27,2 millones de dólares en certificados subordinados no garantizados. El colateral subyacente consiste en 1,694 préstamos consolidados de tasa fija, variable y escalonada. Desde 2011, Freddie Mac ha vendido 10,3 mil millones de dólares en NPL y ha securitizado aproximadamente 79,3 mil millones de dólares en RPL a través de varios programas.
프레디 맥은 2024-2 시리즈 노후 대출 구조화 거래(SLST)의 가격을 발표했습니다. 이는 2억 7220만 달러의 증권화로, 노후 주택 담보 대출을 기반으로 하고 있습니다. 이 거래에는 2억 4500만 달러의 보장된 선순위 증서와 2720만 달러의 비보장 후순위 증서가 포함되어 있습니다. 기초 담보는 고정 금리, 변동 금리, 단계적 금리의 노후 대출 1,694건으로 구성되어 있습니다. 2011년 이후로 프레디 맥은 103억 달러의 NPL을 판매하고, 다양한 프로그램을 통해 약 793억 달러의 RPL을 증권화했습니다.
Freddie Mac a annoncé la tarification de sa Transaction Structurée de Prêts Sécurisés (SLST) Série 2024-2, une souscription de 272,2 millions de dollars soutenue par des prêts hypothécaires résidentiels de qualité. La transaction comprend 245,0 millions de dollars en certificats seniors garantis et 27,2 millions de dollars en certificats subordonnés non garantis. Le collatéral sous-jacent se compose de 1.694 prêts à taux fixe, à taux variable et à taux échelonné. Depuis 2011, Freddie Mac a vendu 10,3 milliards de dollars de NPL et a titrisé environ 79,3 milliards de dollars de RPL à travers divers programmes.
Freddie Mac hat die Preisfestlegung für seinen Saisonalen Kredite Strukturierte Transaktion Trust (SLST) Serie 2024-2 bekannt gegeben, eine Wertpapieremission von 272,2 Millionen US-Dollar, die durch saisonale Hypothekendarlehen gesichert ist. Die Transaktion umfasst 245,0 Millionen US-Dollar in garantierten vorrangigen Zertifikaten und 27,2 Millionen US-Dollar in nicht garantierten nachrangigen Zertifikaten. Das zugrunde liegende Sicherheitenpaket besteht aus 1.694 festverzinslichen, variablen und schrittweise verzinsten Krediten. Seit 2011 hat Freddie Mac 10,3 Milliarden US-Dollar an NPLs verkauft und etwa 79,3 Milliarden US-Dollar an RPLs durch verschiedene Programme verbriefet.
- Successful pricing of $272.2 million securitization transaction
- None of the underlying loans are more than 150 days delinquent
- Transaction helps reduce less-liquid assets and credit risk in portfolio
- None.
MCLEAN, Va., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced the pricing of the Freddie Mac Seasoned Loans Structured Transaction Trust (SLST) Series 2024-2, a securitization of approximately
The transaction includes approximately
The underlying collateral backing the certificates consists of 1,694 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 closing the loans will be serviced by Select Portfolio Servicing Inc.
Advisors to this transaction are Citigroup Global Markets Inc. and Nomura Securities International, Inc. as co-lead managers and joint bookrunners, and BofA Securities, Inc., Mizuho Securities USA LLC and Academy Securities, Inc. (a veteran-owned business) 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 almost
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, 2023, filed with the Securities and Exchange Commission (SEC) on February 14, 2024; 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, 2023, 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, 2023, 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, affordability and equity 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
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