Freddie Mac recently announced its largest sale of reperforming loans with a $983 million structured sale transaction. Although Freddie has been securitizing RPLs since 2011, the seasoned loan structured transaction has a slightly different twist and helps to expand the RPL program. Assets in Freddie’s seasoned loan offerings are comprised primarily of loans repurchased out of the GSE’s single-family participation certificates, generally after a loan has become at least four months delinquent.Freddie announced its first RPL structured sale transaction of 2017 in May after a successful pilot program. The program has grown from the pilot sale amount of $199 million.