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CONFIDENTIAL Rate % 2.50 2.00 1.50 1.00 0.50 0.00 Sep-23 Dec-23 Mar-24 Pricing Assumptions Jun-24 Rate % 7.00 SLST 2023-1 Projected Model Speeds VPR(1) 6.00 5.00 4.00 3.00 2.00 1.00 0.00 Sep-23 Dec-23 Mar-24 Sep-24 Dec-24 Mar-25 Yieldbook Model Jun-24 Jun-25 Note: SLST Pricing Speed, Bloomberg and Yield Book Model VPRs begin in month 1 of the transaction (1) Using Yieldbook Model as of September 26, 2023 SLST 2023-1 Sep-24 Dec-24 Yieldbook Model Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Bloomberg Model CDR(1) Sep-26 Dec-26 Mar-27 SLST Pricing Speed Jun-27 Sep-27 Dec-27 Mar-28 Jun-28 Sep-28 Sep-25 Dec-25 Mar-26 Bloomberg Model Jun-26 Sep-26 Dec-26 Mar-27 VPR CDR Severity Ramp from 3% to 6% over 36 months Ramp from 0% to 2% over 36 months 30% SLST Pricing Speed Prepared by Investments and Capital Freddie Mac Markets Jun-27 Sep-27 29 Dec-27 Mar-28 Jun-28 Sep-28

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