Freddie Mac (OTCQB: FMCC) announced today it sold 2,201 deeply delinquent non‑performing residential first‑lien loans (NPLs) through an auction, with a total balance of roughly $438 million. The transaction, part of the company’s Standard Pool Offerings (SPO®) program, is expected to settle in December 2025 and was marketed to NPL buyers beginning September 25, 2025.
The sale is one of many seasoned loan offerings Freddie Mac has pursued to reduce less‑liquid assets. Since 2011, the company has sold $10.7 billion of NPLs and securitized approximately $81.3 billion of re‑performing loans (RPLs) through fully guaranteed MBS, the Seasoned Credit Risk Transfer (SCRT) program, and the Seasoned Loans Structured Transaction (SLST) program. The SPO pools in this auction were geographically diverse, comprising four separate loan pools secured by residential properties across the United States.
By divesting these non‑performing loans, Freddie Mac is lowering its credit risk exposure and freeing up capital that can be redeployed into new mortgage purchases or other liquidity‑enhancing activities. The transaction supports the company’s mission to provide liquidity and stability to the U.S. housing market while continuing to build net worth and improve its capital position.
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