Investor Presentaiton

What's New in 2023 • • • The Optional Redemption Right may be exercised at year 5 and monthly thereafter, at par Redefined Retained Certificates: о Until October 2028, 100% of the Class M, Class B, and Class XS Certificates Beginning in November 2028, 100% of the Class B and Class XS Certificates Revised Retention Requirements: о Purchaser is required to hold 100% of the Retained Certificates for at least 2 years О Beginning in November 2025 through October 2028, the Purchaser has the right to sell 100% of the Retained Certificates to a single purchaser 。 Beginning in November 2028, subject to certain conditions, the Retained Certificateholder or the holder of the Class M Certificates may: • Sell all or a portion of the Class M Certificates • Sell 100% of the Retained Certificates to a single purchaser • • The Restricted Mortgage Loans Threshold increased from 0.65% to 0.75% Revised FHFA RPL guidelines require borrowers first be evaluated for a Payment Deferral of principal and interest before being evaluated for a Modification о A Payment Deferral is a deferral of delinquent principal interest only into a non-interest bearing balance о A Payment Deferral will not be considered a Modification о A Mortgage Loan is limited to: • • One Modification per year and no more than two Modifications over the life of the deal • 12 cumulative months of principal and/or interest deferred for Payment Deferrals Additional guaranteed senior classes: о Additional front-sequentials 。 Uncapped and higher-capped floaters (with Guarantor Cap Payment) CONFIDENTIAL SLST 2023-1 7 Prepared by Investments and Capital © Freddie Mac Markets

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