Core Insights - Freddie Mac sold 25 deeply delinquent non-performing residential first lien loans (NPLs) to Revolve Capital LLC for approximately $4.9 million as part of its Extended Timeline Pool Offering (EXPO) [1][2] - The transaction is expected to settle in December 2025, with marketing efforts beginning on September 25, 2025 [1] Group 1: Loan Details - The loans have an average delinquency of 22 months and an average loan balance of $196,000 [3] - Approximately 42% of the aggregate pool balance consists of previously modified mortgages that became delinquent [2] - The unpaid principal balance (UPB) weighted combined loan-to-value (CLTV) is 56%, while the broker price opinion (BPO) weighted CLTV is 50% [3] Group 2: Transaction Context - Freddie Mac's seasoned loan offerings aim to reduce less-liquid assets in its mortgage-related investments portfolio [4] - Since 2011, Freddie Mac has sold $10.7 billion of NPLs and securitized approximately $81.7 billion of re-performing loans (RPLs) [4] - The servicing requirements for these transactions focus on improving borrower outcomes and stabilizing communities [4]

Core Viewpoint - Freddie Mac is auctioning approximately $487 million in non-performing loans (NPLs) to reduce less-liquid assets in its mortgage-related investments portfolio [1][5]. Group 1: Auction Details - The NPLs are being marketed through five pools: four Standard Pool Offerings (SPO) and one Extended Timeline Pool Offering (EXPO) [2]. - Bids for the SPO pools are due by October 16, 2025, and for the EXPO pool by October 30, 2025 [2]. Group 2: Bidding Process - Potential bidders must be approved by Freddie Mac and complete a qualification package to access the secure data room for bidding [3]. - Bids must be made on an all-or-none basis for each pool, with the winning bidder determined based on the economics of the bids and Freddie Mac's internal reserve levels [3]. Group 3: Advisory and Historical Context - BofA Securities, Inc. and First Financial Network, Inc. are the advisors to Freddie Mac for this transaction [4]. - Since 2011, Freddie Mac has sold $10.7 billion of NPLs and securitized approximately $81.3 billion of re-performing loans (RPLs) [5].