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Investor Presentaiton

Program Summary • Freddie Mac's $320.2 million SLST 2023-1 securitization is the sixteenth transaction backed by re-performing and non-performing single-family mortgage loans ("RPLS") 。 Freddie Mac will auction the right to purchase the Subordinate Certificates issued by the Trust. The winner of the auction (the “Purchaser”) will purchase the non-guaranteed subordinate certificates (the "Subordinate Certificates") at closing 。 Freddie Mac expects to separately offer the guaranteed senior certificates (the "Guaranteed Certificates") through a syndication process later in October 2023 The current servicers (the "Servicers”) are Specialized Loan Servicing, LLC ("SLS") and NewRez LLC d/b/a Shellpoint Mortgage Servicing ("SMS") The Purchaser will: 。 be required to choose a Collateral Administrator, approved by Freddie Mac, no later than 60 days after the Closing Date. The Collateral Administrator may be an affiliate of the Purchaser, but cannot be the Purchaser. The Collateral Administrator: • • shall review alleged material breaches of representations and warranties • may monitor the Servicers' servicing of Mortgage Loans and REO properties within 60 days of closing, subject to Freddie Mac's approval, have the option to (i) choose a different servicer and (ii) set a different servicing fee rate, subject to the PSA 。 be required to retain 100% of the Class M, Class B and Class XS Certificates for at least the initial 2-year period after closing Freddie Mac is not required to and will not retain credit risk pursuant to the Dodd Frank Credit Risk Retention Rule Note: See Term Sheet for definitions and further details CONFIDENTIAL SLST 2023-1 Prepared by Investments and Capital © Freddie Mac Markets 6
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