This report does not constitute a rating action. Ranking overview Subrankings Servicing category Overall ranking Management and organization Loan administration Ranking outlook Commercial mortgage loan master servicer ABOVE AVERAGE ABOVE AVERAGE ABOVE AVERAGE Stable Financial position SUFFICIENT S&P Global Ratings' ranking on Freddie Mac is ABOVE AVERAGE as a commercial mortgage loan master servicer. On Jan. 8, 2026, we affirmed the ranking (please see " Freddie Mac ABOVE AVERAGE Commercial Mortgage Loan Master Servicer Affirmed, Ranking Outlook Stable "). 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 delinquency rates; Integrated and