Investor Presentaiton

Indicative SLST 2023-1 Transaction Structure SLST Investors Principal and interest distributions from the Trust and certain payments from the REO Trust Seasoned Loans Structured Transaction Trust, Series 2023-1 Liquidating distribution from REO Trust at termination of REO Trust Collections of principal and interest on Mortgage Loans Payment of cash for participation interests for related Transferred Restricted REO Properties and payments to cover REMIC Realized Losses REMICS (1) Current, D30, D60, D90, D120, D150 If Restricted REO properties > 0.75%, then transfer participation interests from REMIC to REO Trust REO Trust (2) SLST PI Certificate, includes participation interests in all Mortgage Loans at closing PI Trust Holds Mortgage Loans, creates Participation Interests for each loan REO PI Certificate, blank at closing, used to track any participation interests transferred to the REO Trust Mortgage Loans (1) Includes "Restricted Mortgage Loans", which are 90 or more days delinquent as of the Cut-Off Date, excluding any such Mortgage Loan that (i) had the due date for payment moved forward at least five months in the six months preceding the Cut-Off Date, (ii) made payments in at least two months out to the six months preceding the Cut-Off Date, and (iii) was not modified in the six months ending on the Cut-Off Date. (2) The REO Trust will not represent an interest in any REMIC or be an asset of any REMIC 9 CONFIDENTIAL SLST 2023-1 Prepared by Investments and Capital Freddie Mac Markets

View entire presentation