Investor Presentaiton
Summary of changes made in 2022
•
On the Closing Date, the Mortgage Loans will be deposited into the Freddie Mac Participation Interest Trust, which
will create a participation interest for each Mortgage Loan. Freddie Mac will sell all of the participation interests to
the SLST Trust. The REO Trust will be formed for the purpose of holding participation interests related to certain
Restricted REO Properties
Includes Mortgage Loans that are 90+ days delinquent, but less than 180 days delinquent, as of the Cut-Off
Date. Mortgage Loans that are 120 days or 150 days delinquent as of the Cut-Off Date have an AVM LTV <=
60
о Mortgage Loans 90+ days delinquent as of the Cut-Off Date (with certain exclusions based on certain
cashflowing and modification criteria) are referred to as Restricted Mortgage Loans
•
Restricted Mortgage Loans that become REO Properties will be referred to as Restricted REO Properties. The
percentage of Restricted REO Properties in the REMIC will be monitored. If such percentage exceeds the
Restricted Mortgage Loans Threshold, certain participation interests related to such Restricted REO Properties will
be transferred to the REO Trust
•
The winning Bidder will no longer be required to make a deposit towards the Class SUB Certificates
CONFIDENTIAL
8
SLST 2023-1
Prepared by Investments and Capital
© Freddie Mac
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