Freddie Mac this week issued a new risk-sharing transaction backed by seasoned mortgages. The Seasoned Credit Risk Trust 2016-001 is comprised of all modified, seasoned reperforming first-lien residential mortgages funded by the issuance of asset-backed certificates totaling $934 million.The SCRT securitization program is a key part of Freddie’s efforts to reduce less liquid assets in its mortgage-related investments portfolio and shed credit and market risk. The GSE announced in July that it would be expanding its reperforming loan program by introducing the seasoned loans. This includes option adjustable-rate mortgages as well as loans that were originally option ARMs but have been modified through a Home Affordable Refinance Program or other modification.