This report does not constitute a rating action. Freddie Mac has been funding and servicing multifamily mortgages since 1993, and, as of Dec. 31, 2024, it cumulatively financed over $1 trillion for 13.7 million multifamily units. We affirmed our overall ABOVE AVERAGE ranking on Freddie Mac as a commercial mortgage loan master servicer. The ranking outlook is stable. DALLAS (S&P Global Ratings) Jan. 8, 2026--S&P Global Ratings today affirmed its ABOVE AVERAGE ranking on Freddie Mac as a commercial mortgage loan master servicer. The ranking outlook is stable. Our ranking reflects Freddie Mac?s: Experienced and tenured senior management team, despite a recent change in leadership; Effective and comprehensive employee training and development program; Continued low levels of multifamily mortgage loan