Table of Contents for the Reorganized Single-Family Seller ...Table of Contents for the Reorganized...

Table of Contents for the Reorganized Single-Family Seller/Servicer Guide

Table of Contents of 34 As of 01/19/16

This Table of Contents lists each segment, series, topic, chapter and section of the reorganized Freddie Mac Single Family Seller/Servicer Guide (“Guide”). Use the Ctrl + F key to search for terms within this document. This preview of the reorganized Guide layout, which is subject to change, is provided for the convenience of Freddie Mac Seller/Servicers for informational purposes only, and is not intended to be relied upon or used for any other purpose. A preview of the complete reorganized Guide will be available in early 2016.

Freddie Mac – Seller/Servicer Relationship

Series 1000: General Contract Terms

Topic 1100: The Guide

Chapter 1101: The Guide 1101.1: Introduction to the Guide 1101.2: Legal effect of the Guide and other Purchase Documents

Topic 1200: General Freddie Mac Policies

Chapter 1201: General Freddie Mac Policies 1201.1: Objective of Freddie Mac’s purchase programs 1201.2: Overview of Freddie Mac’s purchase programs 1201.3: Characterization and nature of Mortgage purchase transactions 1201.4: Limitation on Mortgage purchases and commitments 1201.5: Servicing in accordance with Purchase Documents 1201.6: Transfer costs 1201.7: Sale of Mortgages by Freddie Mac 1201.8: Receipt and treatment of confidential information 1201.9: The Mortgage file, Mortgage data and related records 1201.10: Minority-Owned, Women-Owned and Disabled-Owned Business Enterprises 1201.11: Audit confirmation requests

Topic 1300: General Responsibilities of the Seller/Servicer

Chapter 1301: General Responsibilities of the Seller/Servicer 1301.1: Submission of data to Freddie Mac 1301.2: Compliance with applicable law 1301.3: Inspection of records 1301.4: Reliance on the Seller/Servicer warranties and representations 1301.5: Review of Mortgages by Freddie Mac prior to purchase 1301.6: Seller authorized to sell Mortgage 1301.7: Servicer authorized to service 1301.8: Warranties and representations by the Seller 1301.9: Servicer agreements 1301.10: Survival of warranties; remedies 1301.11: Enforcement of representations and warranties related to underwriting of the Borrower,

Mortgaged Premises and project



Chapter 1302: Information Security and Business Continuity Planning 1302.1 Overview of information security and business continuity planning requirements 1302.2 Information security 1302.3 Business continuity planning

Topic 1400: Electronic Transactions

Chapter 1401: Electronic Transactions 1401.1: Electronic Transactions 1401.2: Defined terms 1401.3: Requirements applicable to all Eligible Electronic Transactions 1401.4: Consent and agreement to engage in and conduct Eligible Electronic Transactions 1401.5: Security standards for all Eligible Electronic Transactions engaged in or conducted by the

Seller/Servicer 1401.6: Security standards for Eligible Electronic Transactions engaged in or conducted by the

Seller/Servicer’s TPPs 1401.7: Seller’s due diligence requirements for the Seller’s Systems used to engage in or conduct

Eligible Electronic Transactions 1401.8: Seller’s due diligence requirements for TPP’s Systems used for Eligible Electronic

Transactions 1401.9: Electronic Signatures 1401.10: Additional requirements for Initial Loan Documents and Closing Documents 1401.11: Eligible Electronic Initial Loan Documents and Electronic Closing Documents – Retail

Mortgages 1401.12: Eligible Electronic Initial Loan Documents and Electronic Closing Documents – Wholesale

Home Mortgages 1401.13: Electronic real estate purchase and sale agreements 1401.14: Electronic Recording of Paper Closing Documents 1401.15: Electronic Recording of Electronic Closing Documents 1401.16: Electronically Notarized Electronic Closing Documents 1401.17: Electronic transactions conducted between Servicer and Borrower 1401.18: Representations, warranties and covenants for Eligible Electronic Transactions engaged in or

conducted by the Seller/Servicer with Freddie Mac 1401.19: Representations, warranties and covenants for Eligible Electronic Transactions engaged in or

conducted by the Seller/Servicer’s TPPs 1401.20: Indemnification 1401.21: Electronic Transaction liability 1401.22: Law governing Electronic Transactions

Topic 1500: Seller Master Agreements, Master Commitments and Guide Plus Additional Provisions

Chapter 1501: Seller Master Agreements, Master Commitments and Guide Plus Additional Provisions

1501.1: Master Agreements and Master Commitments 1501.2: Terms of Master Agreements and Master Commitments



1501.3: Guide Plus Additional Provisions 1501.4: Contracts, delivery programs and procedures 1501.5: Credit toward a Master Agreement and/or Master Commitment 1501.6: Contract tolerances, pairoffs

1501.7: Remittance cycles 1501.8: Revocation of Master Agreement and/or Master Commitment Series 2000: Doing Business with Freddie Mac

Topic 2100: Seller/Servicer Institutional Eligibility

Chapter 2101: Seller/Servicer Institutional Eligibility 2101.1: Eligibility criteria 2101.2: Acceptable Net Worth and other financial requirements 2101.3: Activity thresholds and no-activity fee 2101.4: Financial reporting 2101.5: Mortgage bankers financial reporting 2101.6: Seller/Servicer insurance requirements 2101.7: Fidelity insurance coverage 2101.8: Mortgagee's E&O insurance coverage 2101.9: Seller/Servicer insurance reporting requirements 2101.10: Annual eligibility certification 2101.11: Annual reporting requirements 2101.12: Reporting of changes in Seller/Servicer's organization or status 2101.13: Transfer of assets to an entity that is not a Freddie Mac-approved Seller/Servicer 2101.14: Seller/Servicer changes that result in Transfer of Servicing

Topic 2200: Additional Requirements for Doing Business with Freddie Mac

Chapter 2201: Additional Documentation Requirements 2201.1: Seller Certificate of Incumbency requirements 2201.2: Establishing and maintaining wire transfer instructions for cash proceeds

Chapter 2202: Document Custodian and Document Custody 2202.1: Document Custodian 2202.2: Document Custodian eligibility 2202.3: Contracting with a Document Custodian 2202.4: Document Custodian duties to Freddie Mac 2202.5: Seller/Servicer and the Document Custodian 2202.6: Transfer of Custody

Chapter 2203: MERS® Membership 2203.1: MERS® membership

Topic 2300: Disqualification or Suspension of a Seller/Servicer

Chapter 2301: Disqualification or Suspension of a Seller/Servicer 2301.1: Disqualification or suspension of Seller’s eligibility to sell 2301.2: Disqualification or suspension of the Seller or the Servicer 2301.3: Notice of intent to disqualify or suspend the Seller or the Servicer 2301.4: Request for voluntary termination of status as a Freddie Mac Seller or Servicer



2301.5: Appeal 2301.6: Final decision

Topic 2400: Access to Freddie Mac Tools and Systems

Chapter 2401: Systems License 2401.1: Systems license

Chapter 2402: Selling Mortgages through the Freddie Mac Selling System 2402.1: Sale of Mortgages through the Freddie Mac Selling System 2402.2: Eligible Sellers 2402.3: Separate written agreements superseded 2402.4: Termination of eligibility 2402.5: Incorporation of the Selling System into the Purchase Documents 2402.6: Special representations and warranties 2402.7: Consent to conduct electronic transactions 2402.8: System Security 2402.9: Access to copies of transaction records 2402.10: System requirements 2402.11: User roles

Chapter 2403: Additional Selling Tools and Systems 2403.1: Loan Prospector® User Agreement 2403.2: Automated Underwriting System Timesharing Agreement 2403.3: Use of Home Value Explorer® (HVE®) data provided directly by Freddie Mac 2403.4: Loan Quality AdvisorSM Agreement 2403.5: Quality Control Information Manager 2403.6: Freddie Mac Loan Coverage AdvisorSM

Chapter 2404: Requirements for Servicing Mortgages Using the Freddie Mac Service Loans Application

2404.1: Using the Freddie Mac Service Loans Application 2404.2: Prior user agreement superseded 2404.3: Freddie Mac Service Loans application incorporated into the Guide 2404.4: Amendments 2404.5: Special representations and warranties 2404.6: Electronic Transactions 2404.7: Security and Servicer responsibilities 2404.8: Access to copies of Electronic Transaction Records

Chapter 2405: Freddie Mac Reimbursement System 2405.1: Process for requesting expense reimbursement 2405.2: Servicer bound by use of the Reimbursement System 2405.3: Consent to conduct Electronic Transactions 2405.4: System security 2405.5: Access to copies of Electronic Transaction Records 2405.6: User access requirements 2405.7: Use of Reimbursement System by Permitted Vendors



2405.8: Servicer’s responsibilities for the Reimbursement System

Chapter 2406: Additional Servicing Tools and Systems 2406.1: Workout Prospector® User Agreement 2406.2: Quality Control Information Manager 2406.3: Freddie Mac Loan Coverage AdvisorSM 2406.4: Managing access to and obtaining a property value via BPOdirect® 2406.5: Freddie Mac Default Fee Appeal System

Series 3000: Risk Management and Remedies

Topic 3100: Freddie Mac Exclusionary List and FHFA Suspended Counterparty Program

Chapter 3101: Freddie Mac Exclusionary List and FHFA Suspended Counterparty Program 3101.1: Freddie Mac Exclusionary List 3101.2: FHFA Suspended Counterparty Program

Topic 3200: Fraud Prevention, Detection and Reporting; Reporting Other Suspicious Activity

Chapter 3201: Fraud Prevention, Detection and Reporting; Reporting Other Suspicious Activity 3201.1: Prevention and detection 3201.2: Fraud and other Suspicious Activity reporting requirements 3201.3: Cooperation requirements 3201.4: Additional requirements 3201.5: Additional fraud mitigation resources

Topic 3300: Mortgage File Contents and Retention

Chapter 3301: Mortgage File Contents 3301.1: Mortgage file 3301.2: Security Instrument 3301.3: New York Consolidation, Extension and Modification Agreement 3301.4: Assignment instrument 3301.5: Power of attorney 3301.6: Plat of survey 3301.7: Property insurance policies 3301.8: Assurance of water supply 3301.9: Mortgage insurance policy 3301.10: Leasehold estate 3301.11: Additional documentation to be retained in Mortgage file

Chapter 3302: Mortgage File Retention 3302.1: Maintaining Mortgage file 3302.2: Form of Mortgage file documents 3302.3: Mortgage file control and identification 3302.4: Damage or loss of Mortgage file 3302.5: Transfer of file custody; security of file information

Topic 3400: Quality Control

Chapter 3401: Freddie Mac’s Postfunding Quality Control Review



3401.1: Postfunding quality control 3401.2: Credit enhancer postfunding review 3401.3: Note 3401.4: Modifying instrument or assumption of indebtedness agreement 3401.5: Underwriting summary 3401.6: Title insurance 3401.7: Residential loan application 3401.8: Credit documentation 3401.9: Verification of employment and income 3401.10: Underwriting explanation 3401.11: Property valuation documentation 3401.12: Form 998, Operating Income Statement 3401.13: Leasehold Mortgages 3401.14: Buydown agreements 3401.15: Mortgage insurance certificate 3401.16: Mortgage payment history 3401.17: Verification of source of funds 3401.18: Verification of previous Mortgage/rental payment history 3401.19: Sales contract 3401.20: Closing statements 3401.21: Documentation of flood zone determination 3401.22: Evidence of flood insurance 3401.23: Other documentation 3401.24: Mortgages secured by a Manufactured Home 3401.25: Truth-in-Lending Disclosure Statement 3401.26: Secondary financing 3401.27: Freddie Mac Relief Refinance MortgageSM – Same Servicer 3401.28: Electronic Records and Electronic Signatures

Chapter 3402: Seller’s In-House Quality Control Program 3402.1: Seller’s quality control program 3402.2: Use of third-party quality control services 3402.3: Transfers of Servicing 3402.4: Postclosing sample selection 3402.5: Reverifications made by Seller 3402.6: Data integrity review 3402.7: Documentation review 3402.8: Preclosing quality control reviews 3402.9: Documenting reviews 3402.10: Reporting requirements 3402.11: Retention of Seller’s quality control records

Chapter 3403: Servicer’s quality control program 3403.1: Servicer’s quality control program

Topic 3500: Freddie Mac Servicer Success performance and file reviews



Chapter 3501: Freddie Mac Servicer Success File Reviews and Performance Criteria 3501.1: Freddie Mac Servicer Success File Reviews 3501.2: Servicer performance criteria

Topic 3600: Remedies (including repurchase and termination of Servicing)

Chapter 3601: Remedies (including Repurchase and Termination of Servicing) 3601.1: Freddie Mac remedies

Chapter 3602: Repurchases 3602.1: Repurchases required by Freddie Mac due to violations of sale representations and warranties 3602.2: Repurchases and repurchase alternatives required by Freddie Mac due to Servicing violations 3602.3: Repurchases requested by the Seller/Servicer 3602.4: Repurchase price 3602.5: Documenting and reporting repurchases 3602.6: Survival of Freddie Mac’s remedies; misrepresentations by the Seller or Servicer 3602.7: Appealing a repurchase request due to violations of selling and origination representations

and warranties 3602.8: Appealing a repurchase request or repurchase alternative issued due to Servicing violations

Chapter 3603: Termination of Servicing 3603.1: Termination of Servicing 3603.2: Transfer 3603.3: Documents and records 3603.4: Remittance to Freddie Mac 3603.5: Outstanding purchase commitments 3603.6: Termination of Servicing related to sale of Mortgages by Freddie Mac

Selling

Series 4000: Mortgage Eligibility

Topic 4100: Uniform Instruments

Chapter 4101: Uniform Instruments 4101.1: The Mortgage application 4101.2: Home Mortgage Uniform Instruments 4101.3: Authorized changes to Uniform Instruments 4101.4: Master Form and Short Form Security Instruments 4101.5 Origination and Delivery of Mortgages using a New York Consolidation, Extension and

Modification Agreement (the “NY CEMA”) 4101.6 Availability of Uniform Instruments 4101.7: Seller’s duties regarding Uniform Instruments 4101.8: Signatures required 4101.9: Execution, acknowledgment and recordation of the Security Instrument 4101.10: Due-on-sale provisions 4101.11: Advances

Topic 4200: General Mortgage Eligibility



Chapter 4201: General Mortgage Eligibility 4201.1: Investment quality Mortgage 4201.2: Mortgage valid First Lien; no prior liens; Mortgage not modified 4201.3: Amortization 4201.4: Term 4201.5: Closed Mortgages; Seasoned Mortgages and Restructured Mortgages; age of collateral

documentation 4201.6: Principal amount advanced; no mandatory future advances; outstanding balance 4201.7: Mortgage not in default 4201.8: Assumption of Mortgage 4201.9: Biweekly Mortgages and payment plans 4201.10: Wholesale Home Mortgages 4201.11: Location of the Mortgaged Premises 4201.12: General property insurance requirements 4201.13: No circumstances adversely affecting value of Mortgage 4201.14: Mortgages secured by Primary Residences 4201.15: Second home Mortgages 4201.16: Investment Property Mortgages 4201.17: Purchase requirements for Mortgages secured by properties with resale restrictions 4201.18: Impact of Contaminated Sites 4201.19: Legal description requirements 4201.20: Blanket Mortgages 4201.21: Land Trusts

Chapter 4202: Responsible Lending 4202.1: Compliance with law 4202.2: State Anti-Predatory Lending Laws and Regulations 4202.3: Predatory lending practices 4202.4: HOEPA Mortgages 4202.5: Higher-Priced Mortgage Loans and Higher-Priced Covered Transactions 4202.6: Points and fees limitation 4202.7: Credit insurance 4202.8: Mortgages with private transfer fee covenants 4202.9: Mandatory arbitration

Chapter 4203: Maximum Loan Amounts and LTV, TLTV and HTLTV Ratios 4203.1: Value 4203.2: Calculating LTV, TLTV and HTLTV ratios 4203.3: Maximum original loan amounts for Home Mortgage purchases 4203.4: Maximum LTV, TLTV and HTLTV ratios

Chapter 4204: Secondary Financing and Other Financing Arrangements 4204.1: Mortgages with secondary financing 4204.2: Special requirements for Affordable Seconds® 4204.3: Interested party contributions 4204.4: Temporary subsidy buydown plans



4204.5: Shared equity plans

Chapter 4205: Government funded, guaranteed or insured Mortgages 4205.1: Rural Housing Service (RHS) Section 502 GRH Mortgages 4205.2: Home Possible® Mortgages with Rural Housing Service (RHS) Leveraged Seconds 4205.3: Section 184 Native American Mortgages 4205.4: FHA/VA Mortgages 4205.5: Mortgage previously sold to the Government National Mortgage Association (GNMA)

Topic 4300: Refinance Mortgages

Chapter 4301: Refinance Mortgages 4301.1: Refinance Mortgages 4301.2: General requirements for all refinance Mortgages 4301.3: Refinance practices 4301.4: No cash-out refinance Mortgages 4301.5: Cash-out refinance Mortgages 4301.6: Special purpose cash-out refinance Mortgages 4301.7: Texas Equity Section 50(a)(6) Mortgages 4301.8: Refinance of Mortgages secured by properties subject to an energy retrofit loan

Chapter 4302: Freddie Mac Relief Refinance MortgagesSM – Same Servicer 4302.1: Freddie Mac Relief Refinance MortgagesSM – Same Servicer: General requirements and

allowable refinance practices 4302.2: Requirements for Freddie Mac Relief Refinance MortgagesSM – Same Servicer 4302.3: Delivery and pooling requirements for Freddie Mac Relief Refinance MortgagesSM – Same

Servicer 4302.4: Postsettlement delivery fees and other assessments and credits for Freddie Mac Relief

Refinance MortgagesSM – Same Servicer 4302.5: Other Guide provisions related to Freddie Mac Relief Refinance MortgagesSM – Same Servicer

Chapter 4303: Freddie Mac Relief Refinance MortgagesSM – Open Access 4303.1: Freddie Mac Relief Refinance MortgagesSM – Open Access 4303.2: Freddie Mac Relief Refinance MortgagesSM – Open Access: Eligibility requirements, eligible

Mortgages and ineligible Mortgages 4303.3: Requirements for Freddie Mac Relief Refinance MortgagesSM – Open Access 4303.4: Delivery and pooling requirements for Freddie Mac Relief Refinance MortgagesSM – Open

Access 4303.5: Postsettlement delivery fees and other assessments and credits for Freddie Mac Relief

Refinance MortgagesSM – Open Access 4303.6: Other Guide provisions related to Freddie Mac Relief Refinance MortgagesSM – Open Access

Topic 4400: Special Mortgage Eligibility Requirements

Chapter 4401: ARMs 4401.1: Eligible ARMs 4401.2: Eligible ARM products 4401.3: Eligible ARM Index and Lookback Period



4401.4: General ARM requirements 4401.5: ARM Note Rate change requirements 4401.6: Mortgage insurance requirements for ARMs 4401.7: Title insurance requirements for ARMs 4401.8: Underwriting requirements for ARMs 4401.9: Postsettlement delivery fees (delivery fees) for ARMs

Chapter 4402: Seller-Owned Converted and Seller-Owned Modified Mortgages 4402.1: Common requirements for Seller-Owned Converted and Seller-Owned Modified Mortgages 4402.2: Special requirements for Seller-Owned Converted Mortgages 4402.3: Uniform Instruments and nonstandard documents for Seller-Owned Converted Mortgages 4402.4: Special requirements for Seller-Owned Modified Mortgages 4402.5: Uniform Instruments for Seller-Owned Modified Mortgages

Chapter 4403: Mortgages with Capitalized Balances 4403.1: Mortgages with capitalized balances

Chapter 4404: Land Contract; Contract for Deed 4404.1: Land contract; contract for deed

Chapter 4405: Energy Conservation Improvements 4405.1: Energy conservation improvements

Topic 4500: Affordable Mortgages

Chapter 4501: Home Possible® Mortgages 4501.1: Purchase of Home Possible® Mortgages 4501.2: Home Possible AdvantageSM Mortgages 4501.3: Eligible and ineligible Home Possible® Mortgages 4501.4: Loan purpose for Home Possible® Mortgages 4501.5: Temporary subsidy buydown plans for Home Possible® Mortgage 4501.6: Eligible property and appraisal requirements for Home Possible® Mortgages 4501.7: Eligible Borrowers for Home Possible® Mortgages 4501.8: Underwriting requirements for Home Possible® Mortgages 4501.9: Borrower income and qualifying ratios for Home Possible® Mortgages 4501.10: LTV/TLTV/HTLTV ratios, Borrower contribution, reserves, sources of funds for Home

Possible® Mortgages 4501.11: Mortgage insurance for Home Possible® Mortgages 4501.12: Homeownership education and landlord education for Home Possible® Mortgages 4501.13: Delivery and pooling for Home Possible® Mortgages 4501.14: Postsettlement delivery fees for Home Possible® Mortgages

Topic 4600: Special Freddie Mac Mortgage Products

Chapter 4601: Financed Permanent Buydown Mortgages 4601.1: Eligible Financed Permanent Buydown Mortgages 4601.2: Underwriting Financed Permanent Buydown Mortgages 4601.3: Other requirements for Financed Permanent Buydown Mortgages

Chapter 4602: Construction Conversion and Renovation Mortgages



4602.1: Replacement of Interim Construction Financing overview 4602.2: Eligible and ineligible Construction Conversion and Renovation Mortgages 4602.3: Documentation of Permanent Financing 4602.4: Mortgage term for Construction Conversion and Renovation Mortgages 4602.5: Mortgage purpose for Construction Conversion and Renovation Mortgages 4602.6: Eligible Borrowers for Construction Conversion and Renovation Mortgages 4602.7: Eligible property for Construction Conversion and Renovation Mortgages 4602.8: Underwriting the Permanent Financing 4602.9: Appraisal requirements for Construction Conversion and Renovation Mortgages 4602.10: Calculation of value for Construction Conversion and Renovation Mortgages 4602.11: Seller-Owned Modified and Seller-Owned Converted Mortgages 4602.12: Mortgage file documentation for Construction Conversion and Renovation Mortgages 4602.13: Residential loan application and uniform underwriting and transmittal summary forms for

Construction Conversion and Renovation Mortgages 4602.14: Delivery requirements for Construction Conversion and Renovation Mortgages 4602.15: Postsettlement delivery fees (delivery fees) for Construction Conversion and Renovation

Mortgages

Chapter 4603: Super Conforming Mortgages 4603.1: Purchase of super conforming Mortgages 4603.2: Minimum and maximum original loan amounts for super conforming Mortgages 4603.3: General eligibility requirements for super conforming Mortgages 4603.4: Underwriting requirements for super conforming Mortgages 4603.5: Special appraisal and collateral requirements for super conforming Mortgages 4603.6: Delivery and pooling requirements for super conforming Mortgages 4603.7 Postsettlement delivery fee (delivery fee) for super conforming Mortgages

Chapter 4604: Affordable Merit Rate® Mortgages 4604.1: Purchase of Affordable Merit Rate® Mortgages 4604.2: Eligible Affordable Merit Rate® Mortgages 4604.3: Special underwriting requirements for Affordable Merit Rate® Mortgages 4604.4: Other requirements for Affordable Merit Rate® Mortgages

Topic 4700: Mortgage Insurance and Title Insurance

Chapter 4701: Mortgage Insurance and Late Charges 4701.1: Mortgage insurance 4701.2: Mortgage insurance premiums 4701.3: Commissions, fees or other compensation on insurance 4701.4: Late charges

Chapter 4702: Title Insurance 4702.1: General Freddie Mac title insurance requirements 4702.2: Title insurance policy requirements 4702.3: Opinions of title (certificates of title) 4702.4: Acceptable exceptions to the title insurance policy or to the attorney’s opinion of title 4702.5: Special title insurance requirements for Texas Equity Section 50(a)(6)Mortgages



Series 5000: Origination and Underwriting

Topic 5100: Determining Borrower Eligibility

Chapter 5101: Using Loan Prospector® 5101.1: General information for using Loan Prospector® 5101.2: Accuracy of data submitted to Loan Prospector® 5101.3: Loan Prospector® Risk Class 5101.4: Documentation requirements when using Loan Prospector® 5101.5: Minimum Assessment Feedback 5101.6: Resubmission requirements/LP tolerances 5101.7: Resubmission to Loan Prospector® after the Note Date 5101.8: Representation and warranty relief for creditworthiness 5101.9: A-minus Mortgages

Chapter 5102: Underwriting a Mortgage for sale to Freddie Mac 5102.1: Underwriting a Mortgage 5102.2: Methods of underwriting 5102.3: General requirements for verifying documents 5102.4: Age of documentation

Chapter 5103: Special Borrower Eligibility 5103.1: Non-occupying Borrower 5103.2: Permanent and nonpermanent resident aliens 5103.3: Endorser, guarantor and surety 5103.4: Creditworthiness of a previous Borrower 5103.5: Living Trust

Topic 5200: Credit Assessment

Chapter 5201: Credit Assessment with Loan Prospector® 5201.1: Credit Assessment with Loan Prospector®

Chapter 5202: Credit Assessment for Manually Underwritten Mortgages 5202.1: Establishing Borrower credit reputation for Manually Underwritten Mortgages 5202.2: Documenting Borrower credit reputation for Manually Underwritten Mortgages 5202.3: Evaluating Borrower credit reputation for Manually Underwritten Mortgages 5202.4: Additional requirements for Borrowers with usable Credit Scores 5202.5: Adverse or derogatory credit information 5202.6: Evaluating other credit information

Chapter 5203: Credit Reports and Credit Scores 5203.1: Credit reports 5203.2: Credit Scores

Topic 5300: Stable Monthly Income and Asset Qualification Sources

Chapter 5301: General requirements for all stable monthly income and asset qualification sources

5301.1: General requirements for all stable monthly income and asset qualification sources



Chapter 5302: General documentation requirements 5302.1: Introduction to documentation requirements & levels 5302.2: Written income verifications requirements 5302.3: Verbal verifications of employment (Verbal VOE) 5302.4: Third-party employment, and income verifications 5302.5: IRS Form 4506-T requirements for all income and asset qualification sources

Chapter 5303: Employed income 5303.1: General requirements for all employed income 5303.2: Income from primary employment – base earnings 5303.3: Income from secondary employment 5303.4: Additional employed income 5303.5: Employed income calculation guidance and requirements 5303.6: Income while on temporary leave

Chapter 5304: Self-employed income 5304.1: Stable monthly income and documentation requirements for self-employed Borrowers

Chapter 5305: Other income 5305.1: General requirements for all other income (non-employment/non-self-employment) 5305.2: Specific requirements for other income types

Chapter 5306: Rental income 5306.1: Rental income

Chapter 5307: Asset qualification sources 5307.1: Assets as a basis for Mortgage qualification

Topic 5400: Evaluation of monthly obligations

Chapter 5401: Evaluation of monthly obligations 5401.1: Monthly housing expense-to-income ratio 5401.2: Monthly debt payment-to-income ratio

Topic 5500: Assets (Borrower Funds and reserves)

Chapter 5501: Assets (Borrower Funds and reserves) 5501.1: Required Borrower Funds 5501.2: Reserves 5501.3: Asset eligibility and documentation requirements 5501.4: Unsecured loans 5501.5: Employer Assisted Homeownership (EAH) Benefit

Topic 5600: Property Eligibility and Appraisal Requirements

Chapter 5601: Property Eligibility and Appraisal Requirements 5601.1: Acceptable collateral 5601.2: General property eligibility requirements 5601.3: General appraisal requirements 5601.4: Unacceptable appraisal practices 5601.5: Appraisal reports and inspection types



5601.6: Loan Prospector® Minimum Assessment Feedback 5601.7: Overview of appraisal report forms 5601.8: Age of appraisal reports and appraisal updates 5601.9: Seller representations and warranties regarding the Mortgaged Premises 5601.10: Required exhibits and addenda for appraisal report forms 5601.11: Final inspection and completion report 5601.12: Property description and analysis 5601.13: Obtaining subsequent appraisal reports and reconciling multiple opinions of market value 5601.14: Appraisal data and delivery; Uniform Appraisal Dataset (UAD) and Uniform Collateral Data

Portal (UCDP®) 5601.15: Electronic transmission of appraisal reports

Topic 5700: Property

Chapter 5701: Condominiums 5701.1: Seller’s assessment of project risks; terms used in this chapter 5701.2: Condominium Project review and general Condominium Project eligibility requirements 5701.3: Ineligible projects 5701.4: Streamlined reviews 5701.5: Established Condominium Projects 5701.6: New Condominium Projects 5701.7: Other Condominium Projects 5701.8: Condominium appraisal and underwriting requirements 5701.9: Reciprocal project reviews 5701.10: Hotel/Resort Projects 5701.11: Projects with excessive commercial or non-residential space 5701.12: Delivery requirements

Chapter 5702: Planned Unit Developments 5702.1: General requirements for Planned Unit Developments (PUDs) 5702.2: Seller warranties for Planned Unit Developments 5702.3: Appraisal requirements for units in Planned Unit Developments 5702.4: Reciprocal Project reviews for Planned Unit Developments

Chapter 5703: Manufactured Homes 5703.1: Purchase of Mortgages secured by Manufactured Homes 5703.2: Property eligibility for Manufactured Homes 5703.3: General eligibility requirements for Mortgages secured by Manufactured Homes 5703.4: Eligible transaction types for Mortgages secured by Manufactured Homes 5703.5: Underwriting requirements for Mortgages secured by Manufactured Homes 5703.6: Appraisal requirements for Manufactured Homes 5703.7: Title issues and lien requirements relating to Manufactured Homes 5703.8: Taxation of Mortgaged Premises 5703.9: Other requirements for Mortgages secured by Manufactured Homes

Chapter 5704: Leasehold Estates 5704.1: Purchase of leasehold Mortgages



5704.2: Projects on leasehold estates 5704.3: Appraisal requirements for leasehold Mortgages 5704.4: Ground lease analysis for leasehold Mortgages 5704.5: Security Instruments for leasehold Mortgages

Series 6000: Selling and Delivery

Topic 6100: Cash Program

Chapter 6101: Fixed-Rate Cash 6101.1: Eligible Sellers for fixed-rate Cash 6101.2: Mortgages eligible under fixed-rate Cash 6101.3: Mandatory fixed-rate Cash Contracts 6101.4: Best Efforts Contracts under fixed-rate Cash 6101.5: Purchase and settlement of Mandatory fixed-rate Cash and Best Efforts fixed-rate Cash

Contracts 6101.6: Servicing options for Mandatory fixed-rate Cash and Best Efforts fixed-rate Cash Contracts 6101.7: Requirements for the fixed-rate Cash Servicing Released Sales Process

Chapter 6102: WAC ARM Cash 6102.1: Eligible Sellers for WAC ARM Cash 6102.2: WAC ARM Cash defined terms 6102.3: Eligible ARMs and purchase requirements for WAC ARM Cash 6102.4: WAC ARM Cash Contracts 6102.5: Pricing under WAC ARM Cash 6102.6: Acceptance of offer under WAC ARM Cash 6102.7: Servicing options for WAC ARM Cash 6102.8: Remittance cycles and Servicing Spreads for WAC ARM Cash Contracts 6102.9: Purchase and settlement under WAC ARM Cash Contracts

Topic 6200: Guarantor and MultiLender Swap Programs

Chapter 6201: Guarantor and MultiLender Swap Programs 6201.1: Summary of Guarantor and MultiLender Swap programs 6201.2: Sellers eligible to submit offers under the Guarantor and MultiLender Swap programs 6201.3: Purchase requirements for Mortgages sold under the Guarantor and MultiLender Swap

programs 6201.4: MultiLender Swap posting information 6201.5: Review of Mortgages for compliance with Seller's Maximum Annual Mortgage Purchase

Amount 6201.6: Freddie Mac’s obligation to sell PCs or Giant PCs in exchange for Mortgages 6201.7: Seller’s election to sell with or without recourse under the Guarantor and MultiLender Swap

programs 6201.8: Remittance cycles under the Guarantor and MultiLender Swap programs 6201.9: Guarantor Pricing 6201.10: Buyup and buydown programs under the fixed-rate Guarantor and MultiLender Swap

programs 6201.11: Security wire instructions for the Guarantor and MultiLender Swap programs



6201.12: Settlement under the Guarantor and MultiLender Swap programs 6201.13: Special Seller representations and warranties under the Guarantor and MultiLender Swap

programs 6201.14: Postsettlement adjustments for Mortgages purchased under the Guarantor and MultiLender

Swap programs 6201.15: PCs, Giant PCs and pool factors 6201.16: Disclosure requirements for PCs and Giant PCs 6201.17: Indemnification for liability relating to Seller’s sale of PCs 6201.18: PC and Giant PC delivery 6201.19: Freddie Mac remedies for Seller’s breach of representations and warranties relating to

securitized loans

Chapter 6202: Freddie Mac Swap Disclosure and Pooling Requirements 6202.1: Freddie Mac Swap disclosure and pooling requirements 6202.2: Freddie Mac Gold PC®, Giant PC and WAC ARM PC disclosure 6202.3: Pooling requirements for Gold PC® Pools and Giant PC Pools 6202.4: Pooling requirements for WAC ARM PC Pools

Chapter 6203: Sale of Mortgages through the Selling System under Fixed-Rate Guarantor Program 6203.1: Eligible Sellers for the fixed-rate Guarantor program through the Selling System 6203.2: Eligible Mortgages sold through the Selling System under the fixed-rate Guarantor program 6203.3: Purchase requirements for Mortgages sold through the Selling System under the fixed-rate

Guarantor program 6203.4: Offer procedures/amounts/optional delivery/contract cancellation for Selling System Fixed-

Rate Guarantor Contracts 6203.5: Purchase and sale obligations and Master Commitment Amounts for Selling System Fixed-

Rate Guarantor Contracts 6203.6: Providing data for Mortgages sold through the Selling System under the fixed-rate Guarantor

program 6203.7: Remittance cycle options and Servicing Spreads for Mortgages sold through the Selling

System under the fixed-rate Guarantor program 6203.8: Wire transfer instructions/delivery of PCs for Mortgages sold through the Selling System under

the fixed-rate Guarantor program 6203.9: Loan Purchase Statements and PC disclosure for Mortgages sold through the Selling System

under the fixed-rate Guarantor program Chapter 6204: Sale of Mortgages through the Selling System under WAC ARM Guarantor Program

6204.1: Eligible Sellers for the WAC ARM Guarantor program through the Selling System 6204.2: Eligible ARMS sold through the Selling System under the WAC ARM Guarantor program 6204.3: Purchase requirements for Mortgages sold through the Selling System under the WAC ARM

Guarantor program 6204.4: Offer procedures/amounts/optional delivery/contract cancellation for Selling System WAC ARM

Guarantor Contracts 6204.5: Purchase and sale obligations and Master Commitment Amounts for Selling System WAC

ARM Guarantor Contracts



6204.6: Providing data for Mortgages sold through the Selling System under the WAC ARM Guarantor program

6204.7: Remittance cycle options and Servicing Spreads for Mortgages sold through the Selling System under the WAC ARM Guarantor program

6204.8: Wire transfer instructions/delivery of PCs for Mortgages sold through the Selling System under the WAC ARM Guarantor program

6204.9: Loan Purchase Statements and PC disclosure for Mortgages sold through the Selling System under the WAC ARM Guarantor program

Chapter 6205: Sale of Mortgages through the Selling System under MultiLender Swap Program 6205.1: Eligible Sellers for the MultiLender Swap program through the Selling System 6205.2: Eligible fixed-rate Mortgages sold through the Selling System under the MultiLender Swap

program 6205.3: Purchase and pooling requirements for Mortgages sold through the Selling System under the

MultiLender Swap program 6205.4: Offer procedures/amounts/optional delivery/contract cancellation for MultiLender Swap

Contracts 6205.5: Purchase and sale obligations and Master Commitment Amounts for Selling System

MultiLender Swap Contracts 6205.6: Providing data for Mortgages sold through the Selling System under the MultiLender Swap

program 6205.7: Remittance cycle options, Required Spread and Servicing Spread for Mortgages sold through

the Selling System under the MultiLender Swap program 6205.8: Wire transfer instructions/delivery of PCs for Mortgages sold through the Selling System

under the MultiLender Swap program 6205.9: Loan Purchase Statements and PC/Giant PC disclosure for Mortgages sold through the Selling

System under the MultiLender Swap program

Topic 6300: Delivery of All Mortgages

Chapter 6301: Documentation Delivery 6301.1: Home Mortgage documentation delivery 6301.2: Warehouse Mortgage delivery 6301.3: Endorsement of Notes 6301.4: Power of attorney 6301.5: Modifying instrument or assumption of indebtedness agreement 6301.6: Assignment of Security Instrument 6301.7: Accuracy and preparation of Mortgage data submitted 6301.8: Completion of delivery 6301.9: Mortgage substitutions 6301.10: Purchase and settlement procedures 6301.11: Postsettlement purchase adjustments

Chapter 6302: Mortgage Delivery Instructions 6302.1: Organization of delivery instructions for ULDD Data Points 6302.2: Cash program delivery instructions 6302.3: Guarantor program delivery instructions



6302.4: MultiLender Swap program delivery instructions 6302.5: Loan data required for all Mortgages 6302.6: Loan data required for fixed-rate Mortgages 6302.7: Loan data required for ARMs 6302.8: Property data required for all Mortgages 6302.9: Data required for all Borrowers 6302.10: Loan Prospector® Mortgage underwriting data delivery requirements 6302.11: Non-Loan Prospector® Mortgage data delivery requirements 6302.12: Special delivery requirements for FHA/VA Mortgages 6302.13: Special delivery requirements for Section 184 Native American Mortgages 6302.14: Special delivery requirements for Home Possible® Mortgages 6302.15: Special delivery requirements for Section 502 GRH Mortgages 6302.16: Special delivery requirements for refinance Mortgages 6302.17: Special delivery requirements for fixed-rate relocation Mortgages 6302.18: Special delivery requirements for subsidy buydown Mortgages 6302.19: Special delivery requirements for Seller-Owned Converted Mortgages 6302.20: Special

delivery requirements for Condominium Unit Mortgages 6302.21: Special delivery requirements for Mortgages with mortgage insurance 6302.22: Special delivery requirements for Mortgages with capitalized balances 6302.23: Special delivery requirements for energy conservation Mortgages 6302.24: Special delivery requirements for Financed Permanent Buydown Mortgages 6302.25: Special delivery requirements for Mortgages secured by Manufactured Homes 6302.26: Special delivery requirements for fixed-rate Mortgages sold through the Servicing Released

Sales Process 6302.27: Special delivery requirements for Seller-Owned Modified Mortgages 6302.28: Special delivery requirements for Construction Conversion and Renovation Mortgages 6302.29: Special delivery requirements for Mortgages with Employer Assisted Homeownership (EAH)

Benefits 6302.30: Special delivery requirements for Mortgages where Borrower uses credit card, cash advance

or unsecured line of credit to pay fees 6302.31: Special delivery requirements for super conforming Mortgages 6302.32: Special delivery requirements for Mortgages with principal curtailments 6302.33: Special delivery requirements for Mortgages in which assets are used as a basis for Mortgage

qualification 6302.34: Special delivery requirements for Mortgages with secondary financing 6302.35: Special delivery requirements for Mortgages eligible for sale using the loan-level buyup and

buydown program 6302.36: Special delivery requirements for Affordable Merit Rate® Mortgages

Chapter 6303: Assessment and Payment of Fees 6303.1: Assessment of fees 6303.2: Payment of fees 6303.3: Delivery fee refunds, repayments, credits and adjustments 6303.4: Fee for Purchase Contracts that exceed the Maximum Annual Mortgage Purchase Amount 6303.5: Recapture of premiums and reimbursement of buyup proceeds



6303.6: Late payment policy

Chapter 6304: Document Custody 6304.1: Custody of Notes and assignments 6304.2: Delivery of Notes and assignments to a Document Custodian 6304.3: Document Custodian’s functions and duties upon receiving Notes and assignments

Chapter 6305: Warehouse Financing Arrangements 6305.1: Warehouse financing arrangements 6305.2: Delivery and acceptance of Pledged Mortgages 6305.3: Wire transfer instructions for Pledged Mortgages sold for cash 6305.4: PC delivery instructions for Pledged Mortgages 6305.5: Delivery procedures for Pledged Mortgages 6305.6: Acceptance for purchase or rejection of Pledged Mortgages 6305.7: Warehouse Lender's interest 6305.8: Seller representations and warranties for Pledged Mortgages 6305.9: Freddie Mac's obligations concerning Pledged Mortgages 6305.10: Seller indemnification 6305.11: Reimbursement by the Seller for Pledged Mortgages 6305.12: Special Warehouse Lender acknowledgments and agreements

Topic 6400: Nondelivery

Chapter 6401: Nondelivery 6401.1: Pairoff 6401.2: Penalty for nondelivery

Servicing

Series 7000: Transfers of Servicing

Topic 7100: Transfers of Servicing

Chapter 7101: Transfers of Servicing 7101.1: Initiating a Transfer of Servicing 7101.2: Submitting requests for Transfers of Servicing 7101.3: Review of Transferor Servicer and Transferee Servicer 7101.4: Additional conditions for Transfers of Servicing 7101.5: Requirements for reporting Transfers of Servicing to Freddie Mac 7101.6: Endorsement of Notes and assignment of Security Instruments related to Transfers of

Servicing 7101.7: Concurrent or Subsequent Transfers of Servicing for a Mortgage secured by a Manufactured

Home located in a certificate of title State 7101.8: Transfer of records 7101.9: Document custody requirements for Transfers of Servicing 7101.10: Transfer of funds 7101.11: Notice to Borrowers regarding Transfers of Servicing 7101.12: Borrower issues and inquiries related to Transfers of Servicing 7101.13: Funds and correspondence received after Transfers of Servicing



7101.14: Notices of Transfers of Servicing to third parties 7101.15: Liabilities of the Transferor Servicer and Transferee Servicer

Series 8000: Servicing All Mortgages

Topic 8100: General Freddie Mac Servicing Policies

Chapter 8101: General Freddie Mac Servicing Policies 8101.1: Servicers’ general responsibilities 8101.2: The Servicer to perform its obligations at its own expense 8101.3: Servicer’s limited power of attorney 8101.4: Servicer’s execution of documents 8101.5: Borrower inquiries 8101.6: Error resolution procedures related to the Servicing of a Mortgage 8101.7: Freddie Mac audits and access to Mortgage records 8101.8: Confidential information, privacy, conflicts of interest, misuse of material information, and

security of information 8101.9: Servicer agrees to indemnify 8101.10: Servicer as independent contractor 8101.11: Governing law 8101.12: MERS®

Chapter 8102: Servicers and Servicing Agents 8102.1: Managing Servicing Agents 8102.2: Obligations upon termination or expiration of Subservicing Agreement

Chapter 8103: Servicer accounting and application of payments 8103.1: Servicer fiscal responsibilities 8103.2: Mortgage accounting records 8103.3: Accounting methods 8103.4: Application of payments: general 8103.5: Application of payments: differences in collection 8103.6: Application of payments: Mortgage paid in full 8103.7: Application of payments: partial prepayments (curtailments) 8103.8: Reapplication of prior repayments 8103.9: Accounting with respect to delinquency relief

Chapter 8104: Special Servicing 8104.1: Servicing Texas Equity Section 50(a)(6) Mortgages 8104.2: Biweekly payment plans 8104.3: FHA, VA, RHS and MI Servicing requirements 8104.4: Servicing ARMs 8104.5: Home Mortgages purchased in part

Chapter 8105: Servicing Compensation 8105.1: Compensation for Servicing Mortgages 8105.2: Servicing compensation for a new Servicer pursuant to Transfer of Servicing initiated by

Freddie Mac



8105.3: Servicing obligations to be performed for the Servicing compensation

Chapter 8106: Servicing Reports to Freddie Mac, other third parties and the Borrower 8106.1: General requirements for Servicing related reports to Freddie Mac, third parties and the

Borrower 8106.2: IRS Form 1098, Mortgage Interest Statement 8106.3: IRS Form 1099-A, Acquisition or Abandonment of Secured Property 8106.4: IRS Form 1099-C, Cancellation of Debt 8106.5: IRS Form 1099-MISC, Miscellaneous Income 8106.6: Reports to credit repositories

Chapter 8107: Document Custody 8107.1: Servicer responsibilities related to document custody 8107.2: Document Custodian’s custodial functions

Topic 8200: Escrow and Insurance

Chapter 8201: Escrow 8201.1: Escrow for taxes, ground rents, assessments and other charges 8201.2: Interest on Escrow accounts

Chapter 8202: Property Insurance 8202.1: General property insurance requirements 8202.2: Minimum property insurance types and amounts 8202.3: Flood insurance 8202.4: Rent loss insurance 8202.5: Liability insurance for PUDs and condominiums 8202.6: Fidelity or employee dishonesty insurance for condominiums 8202.7: Mortgage clause 8202.8: Evidence of insurance 8202.9: Insurance charges 8202.10: Special insurance requirements and changes in insurance requirements 8202.11: Insurance loss settlements 8202.12: Lender-Placed Insurance

Chapter 8203: Mortgage Insurance 8203.1: Mortgage insurance warranties 8203.2: Borrower-requested cancellation of Borrower-paid mortgage insurance: 1-unit Primary

Residences or second homes 8203.3: Borrower-requested cancellation of Borrower-paid mortgage insurance: 2- to 4-unit Primary

Residences or 1- to 4-unit Investment Properties 8203.4: Automatic cancellation of Borrower-paid mortgage insurance: 1-unit Primary Residences or

second homes 8203.5: Cancellation of Borrower-paid mortgage insurance on modified HPA and pre-HPA Mortgages 8203.6: Cancellation of Borrower-paid mortgage insurance on reset HPA and pre-HPA Mortgages 8203.7: Cancellation of Borrower-paid mortgage insurance on refinance HPA and pre-HPA Mortgages 8203.8: Cancellation of lender-paid mortgage insurance 8203.9: FHA insurance



8203.10: Transfers of mortgage insurance coverage 8203.11: Reporting mortgage insurance cancellations 8203.12: Directing MI disclosure of Mortgage information to Freddie Mac

Topic 8300: Servicing Performing Loans – Investor Accounting and Remitting

Chapter 8301: Basics of Investor Accounting 8301.1: Servicer’s responsibilities in connection with Participation Certificates 8301.2: Investor Accounting responsibilities 8301.3: Investor Reporting performance standards 8301.4: Accounting reporting methods 8301.5: Calculating Mortgage interest due to Freddie Mac 8301.6: Freddie Mac’s percentage of ownership 8301.7: Net yield interest 8301.8: Servicing fee 8301.9: Electronic reporting format 8301.10: Reporting media 8301.11: Loan-level transaction 8301.12: Accounting cycle and Accounting Cycle Cutoff 8301.13: Cash float 8301.14: Other reporting and remitting requirements 8301.15: Service bureau liability 8301.16: Backup reporting 8301.17: Administering Custodial Accounts 8301.18: Custodial Account reconciliation basics 8301.19: Servicer advances required

Chapter 8302: Investor Reporting and Remitting Functions 8302.1: Custodial Accounts required 8302.2: Disbursement Clearing Accounts 8302.3: Opening Custodial Accounts 8302.4 Depository eligibility requirements 8302.5 Insured depository tier ratings 8302.6 Custodial Account designation requirements 8302.7 Custodial Account documentation requirements 8302.8 Honoring sight drafts 8302.9: What funds to deposit to the Custodial Accounts 8302.10: When to deposit funds to the Custodial Accounts 8302.11: Changing or transferring Custodial Accounts 8302.12: Administering and reconciling Custodial Accounts 8302.13: Setting up the automated cash remittance process 8302.14: Remitting via the automated cash remittance system 8302.15: Initiating remittances to Freddie Mac 8302.16: Changing or transferring the drafting account 8302.17: Transmitting and receiving investor accounting information 8302.18: Pre-purchase activity



8302.19: Mortgage purchase 8302.20: Setting up a Mortgage record 8302.21: Purchase adjustments 8302.22: Reporting and remitting on a newly funded Mortgage

Chapter 8303: Reporting and Remitting Requirements 8303.1: Definitions of terms specific to chapter 8303.2: Freddie Mac’s rights 8303.3: Reporting and remitting 8303.4: Monthly reporting and remittance requirements for Mortgages with partial principal

forbearance 8303.5: Correcting reporting errors 8303.6: Remitting to Freddie Mac 8303.7: Availability of remittances 8303.8: Correcting a remittance 8303.9: Payoff – matured or prepaid 8303.10: Third-party foreclosure sale reporting and remittance requirements 8303.11: Short sale reporting and remittance requirements 8303.12: Make-whole preforeclosure sale reporting and remittance requirements 8303.13: Reporting a charge off 8303.14: Repurchase reporting and remittance requirements 8303.15: Loan-level transaction reporting 8303.16: Monthly reporting and remitting requirements 8303.17: Quarterly reporting and remitting requirements 8303.18: Monthly remittance cycles 8303.19: Remittance due dates 8303.20: Monthly reporting and remitting requirements, including exception activities 8303.21: Reporting Inactivation of a Mortgage 8303.22: Newly funded Mortgage reporting and remittance requirements 8303.23: Reinstatement 8303.24: Principal balance correction 8303.25: Deed-in-lieu of foreclosure reporting and remittance requirements 8303.26: FHA/VA foreclosure conveyance reporting and remittance requirements 8303.27: REO reporting and remittance requirements 8303.28: Additional monthly reporting requirements 8303.29: Freddie Mac’s reports to Servicers of discrepancies 8303.30: Daily edit reports 8303.31: Monthly reports provided to Servicer 8303.32: Reports to reconcile monthly activity 8303.33: Reconciling Seller/Servicer Remittance Analysis 8303.34: Noncompliance with reporting and remitting requirements 8303.35: Remitting compensatory fees 8303.36: Reporting noncompliance compensatory fees 8303.37: Reporting noncompliance compensatory fees – all loans 8303.38: EDR noncompliance compensatory fees



8303.39: Unreported transactions and loan simulation compensatory fee 8303.40: Aged data errors compensatory fee 8303.41: Late reported payoff noncompliance compensatory fee 8303.42: Cash remittance interest reimbursement compensatory fee 8303.43: Contract noncompliance and contract change compensatory fees 8303.44: Freddie Mac resources related to reporting and remittance

Chapter 8304: Managing Custodial Accounts 8304.1: Managing Custodial Accounts 8304.2: Freddie Mac’s rights 8304.3: Servicer responsibilities related to Custodial Accounts 8304.4: Investing Custodial Account funds 8304.5: Maintaining the Principal and Interest Custodial Account balance 8304.6: Maintaining the Escrow Custodial Account balance 8304.7: Maintaining the Buydown Custodial Account 8304.8: Monitoring depository eligibility 8304.9: Freddie Mac’s right to remove accounts from specified depositories 8304.10: The Servicer’s right to change or transfer accounts 8304.11: Requirements for changing or transferring accounts 8304.12: Liability for Custodial Account transfer costs 8304.13: Reconciling Custodial Accounts 8304.14: Reconciling the Principal and Interest Custodial Account 8304.15: Freddie Mac’s Principal and Interest Custodial Account Review 8304.16: Reconciling deposits to the Principal and Interest Custodial Account 8304.17: Reconciling withdrawals from the Principal and Interest Custodial Account 8304.18: Reconciling the Escrow Custodial Account 8304.19: Freddie Mac’s Escrow Custodial Account Review 8304.20: Reconciling deposits to the Escrow Custodial Account 8304.21: Reconciling withdrawals from the Escrow Custodial Account 8304.22: Reconciling an optional Custodial Account

Topic 8400: Property Matters

Chapter 8401: Changes to the Mortgaged Premises 8401.1: Partial releases and easements 8401.2: Prohibition of conversion of the Mortgaged Premises 8401.3: Condemnation and eminent domain 8401.4: Modification, waiver or release of terms

Chapter 8402: Property Seizure 8402.1: Property seizure 8402.2: Unsolicited disclosure of pre-seizure information 8402.3: Requested disclosure of pre-seizure information 8402.4: Government notice of property seizure to the Servicer 8402.5: Government notice of property seizure to Freddie Mac 8402.6: Reimbursement of expenses related to property seizures



Chapter 8403: Abandoned Properties and Distressed Properties 8403.1: Servicing Mortgages on distressed properties and properties that pose a Risk of Property

Ownership 8403.2: Servicing Mortgages on abandoned properties

Chapter 8404: Servicing Mortgages Impacted by a Disaster 8404.1: Introduction Servicer responsibilities following a disaster 8404.2: Property protection activities following a disaster 8404.3: Insurance loss settlements after an Eligible Disaster 8404.4: Delinquency management activities following a disaster 8404.5: Disaster reporting requirements 8404.6: Transition following disaster-related forbearance

Chapter 8405: When a Servicer Must Recommend a Charge-off for a Property Matter 8405.1: When a Servicer must recommend a charge-off on a condemned property or a property that

poses a risk of ownership to Freddie Mac

Chapter 8406: Transfers of Ownership and Assumptions 8406.1: General policy on Transfers of Ownership and assumptions 8406.2: Transfers of Ownership and assumptions of Mortgages insured by the FHA or guaranteed by

the VA or RHS 8406.3: Federal restrictions on the exercise of the due-on-transfer clause 8406.4: Additional permitted Transfers of Ownership 8406.5: Application for approval of Transfers of Ownership, assumptions and releases of liability 8406.6: Reviewing the application and determining eligibility for Transfers of Ownership, assumptions

and releases of liability 8406.7: Approval of the application for Transfers of Ownership 8406.8: Declination of the application for assumption 8406.9: File retention for Transfers of Ownership and assumptions 8406.10: Transfers of Ownership Fees 8406.11: Assumability provisions and rate cap requirements for ARMs 8406.12: Transfers of ownership and buydown accounts

Topic 8500: Servicing for Special Mortgages

Chapter 8501: Special Requirements for Servicing Step-Rate Mortgages 8501.1: Servicer staff requirements related to servicing Step-Rate Mortgages 8501.2: Communicating upcoming interest rate adjustments 8501.3: Freddie Mac Streamlined Modification for Step-Rate Mortgages

Chapter 8502: Special Servicing and Reporting Requirements for ARMs 8502.1: ARM Servicing and reporting 8502.2: Rate changes on ARMs 8502.3: Negative Amortization

Chapter 8503: Servicing Requirements for Borrowers who are Servicemembers and their Dependents

8503.1: Definitions related to Servicing loans of Servicemembers



8503.2: Relief options exclusive to Servicemembers and their Dependents 8503.3: Other relief and workout options for Servicemembers and their Dependents 8503.4: Applying SCRA provisions 8503.5: Calculation of new monthly payment for SCRA-capped Mortgages 8503.6: Application of payments on SCRA-capped Mortgages 8503.7: Accounting reports and remittances for SCRA-capped Mortgages 8503.8: Rate changes on SCRA-capped ARMs 8503.9: Servicing compensation for SCRA-capped Mortgages 8503.10: Retroactive rate cap for SCRA-capped Mortgages

Topic 8600: Servicing Requirements for Senior Subordinate Mortgages

Chapter 8601: Servicing Requirements for Senior Subordinate Mortgages 8601.1: Servicing Senior Subordinate Mortgages 8601.2: Key terms and definitions used in this chapter 8601.3: Chapter contents 8601.4: Freddie Mac’s rights and Servicer rights, duties and obligations 8601.5: Limited power of attorney 8601.6: Servicer use of Servicing tools and Systems 8601.7: Borrower inquiries 8601.8: IRS Form 1099-A, Acquisition or Abandonment of Secured Property 8601.9: IRS Form 1099-C, Cancellation of Debt 8601.10: IRS Form 1099-MISC, Miscellaneous Income 8601.11: Intra-Servicer transfer of Mortgage Servicing 8601.12: Declination of the application for assumption 8601.13: Modifying Exhibit 93 model letters for Senior Subordinate Mortgages 8601.14: General requirements for Freddie Mac Default Legal Matters 8601.15: Referral to foreclosure documentation requirements 8601.16: Foreclosing in the Servicer’s name 8601.17: Expedited foreclosures 8601.18: Deficiency rights 8601.19: Preserving the Mortgaged Premises 8601.20: Expenses that may become First Liens on the Mortgaged Premises 8601.21: Delivery of clear and marketable title 8601.22: Vesting the title and avoiding transfer taxes 8601.23: Non-routine default-related legal matters 8601.24: Counsel retained by Servicers pursuant to Servicer’s duty to indemnify Freddie Mac 8601.25: Servicing Mortgages on distressed properties that pose a Risk of Property Ownership 8601.26: Servicing Mortgages on abandoned properties 8601.27: Retention of firm 8601.28: Referral of Freddie Mac Default Legal Matters to firm 8601.29: REO - General requirements 8601.30: REO - Documentation and reporting requirements 8601.31: REO - Notifying the taxing authority/HOA

Series 9000: Servicing Default Management



Topic 9100: Delinquencies

Chapter 9101: Delinquency Management for Mortgages Secured by Primary Residences 9101.1: Delinquency management for Mortgages secured by Primary Residences 9101.2: Servicer Collection efforts for Mortgages secured by Primary Residences 9101.3: Evaluation requirements and appeals process in response to the First Complete Borrower

Response Package 9101.4: Foreclosure suspension obligations and additional short sale and deed-in-lieu of foreclosure

requirements once the First Complete Borrower Response Package is received

Chapter 9102: Delinquencies 9102.1: General requirements for Servicing delinquent Mortgages 9102.2: Late charges 9102.3: Establishing Borrower contact during Delinquency 9102.4: Servicer collection efforts 9102.5: Borrower solicitation and communication during Delinquency 9102.6: Investment Property and rental income during Delinquency 9102.7: Monthly Electronic Default Reporting (EDR) 9102.8: Compensatory fees for failure to report via EDR

Topic 9200: Loss Mitigation

Chapter 9201: Freddie Mac Loss Mitigation Evaluation Hierarchy and Performance Standards 9201.1: Rationale for Servicer loss mitigation activities 9201.2: Freddie Mac loss mitigation evaluation hierarchy 9201.3: Servicer’s responsibilities for loss mitigation activities 9201.4: Servicer’s loss mitigation operations 9201.5: Servicer default management performance standards 9201.6: Alternatives to foreclosure

Chapter 9202: Evaluating the Borrower 9202.1: Delinquency, default and imminent danger of default 9202.2: Verifying a Borrower’s hardship 9202.3: Borrower income documentation for workout or relief options 9202.4: Servicer reconciliation of inconsistencies; fraud detection; and document authenticity 9202.5: Risk of Property Ownership 9202.6: Analyze the reason for Delinquency 9202.7: Tenant-occupied properties built before 1978 9202.8: Analyze the Mortgage characteristics and terms 9202.9: Determine the best course of action for Delinquency 9202.10: What is a property inspection? 9202.11: Documenting property inspections 9202.12: When to order a property inspection 9202.13: Results of property inspection 9202.14: What is an abandoned property? 9202.15: Reimbursement of property inspections 9202.16: When to obtain a property value



9202.17: Obtaining a property value 9202.18: Checking the status of orders for property valuations 9202.19: Valuation costs 9202.20: Remitting BPO cost reimbursements to Freddie Mac

Chapter 9203: Reinstatements and Relief options 9203.1: Reinstatements and relief options 9203.2: General requirements for reinstatements and relief options 9203.3: Types of reinstatement 9203.4: When to accept full reinstatement 9203.5: When to accept partial reinstatement of a Mortgage in foreclosure 9203.6: Reporting and processing the reinstatement 9203.7: Reimbursement of expenses related to reinstatements 9203.8: What is a repayment plan? 9203.9: Repayment plan requirements 9203.10: Servicer approval authority for repayment plans 9203.11: Reporting repayment plans 9203.12: What is short-term forbearance? 9203.13: Borrower requirements for short-term forbearance 9203.14: Short-term forbearance requirements 9203.15: Servicer approval authority for short-term forbearance 9203.16: Reporting short-term forbearance plans 9203.17: What is long-term forbearance? 9203.18: Borrower requirements for long-term forbearance 9203.19: Long-term forbearance requirements 9203.20: Servicer approval authority for long-term forbearance 9203.21: Reporting long-term forbearance plans 9203.22: Unemployment forbearance 9203.23: Short-term unemployment forbearance 9203.24: Extended unemployment forbearance

Chapter 9204: Freddie Mac Workout Options 9204.1: Freddie Mac workout options 9204.2: Servicer approval authority for workouts 9204.3: Freddie Mac’s rights related to workout options 9204.4: Steps for processing a workout recommendation 9204.5: Borrower Documentation for workout options 9204.6: Servicer compensation for alternatives to foreclosure 9204.7: Prohibition of certain Borrower fees; non-refusal of workout options due to late charges 9204.8: Mortgage insurance claims

Chapter 9205: Home Affordable Modification Program 9205.1: Home Affordable Modification Program 9205.2: HAMP documentation 9205.3: Delegation of Authority and HAMP waivers, Supplemental Directives, Frequently Asked

Questions and issues logs



9205.4: Eligibility for HAMP 9205.5: Borrower solicitation for HAMP 9205.6: Verification of eligibility for HAMP 9205.7: Determining imminent default 9205.8: Underwriting the Borrower for HAMP 9205.9: Modification process for HAMP 9205.10: Foreclosure actions and Borrowers in bankruptcy 9205.11: Other general requirements 9205.12: HAMP incentives 9205.13: Special investor reporting and remitting requirements for Mortgages modified under HAMP 9205.14: HAMP activity reporting requirements 9205.15: Disclosures and communications with Borrowers Mortgage modification terms and process 9205.16: Fair treatment and legal compliance 9205.17: Responsiveness to Borrower inquiries 9205.18: Servicer Compliance with HAMP requirements 9205.19: Special HAMP requirements for Mortgages with a second mortgage lien 9205.20: HAMP electronic solicitation and modification 9205.21: Authorized services under the Amended Servicer Participation Agreement

Chapter 9206: Modifications 9206.1: What is a loan modification 9206.2: When to consider a Freddie Mac Standard Modification 9206.3: Freddie Mac Streamlined Modification 9206.4: Capitalization and Extension Modification for Disaster Relief 9206.5: Eligibility requirements for a Freddie Mac Standard Modification 9206.6: Ineligibility for Freddie Mac Standard Modification 9206.7: Determining imminent default for a Freddie Mac Standard Modification 9206.8: Property valuation requirements for a Freddie Mac Standard Modification 9206.9: Borrower documentation for Freddie Mac Standard Modification 9206.10: Determining the terms of a Freddie Mac Standard Modification and Freddie Mac Streamlined

Modification 9206.11: Trial Period Plan requirements 9206.12: Modified Mortgage conditions 9206.13: Other modification conditions and requirements 9206.14: Loan modification expenses 9206.15: Expenses, delinquent amounts, capitalization rules and expense reimbursements for

modifications 9206.16: Preparing to close the loan modification 9206.17: Loan modification documents and settlement data submissions 9206.18: Modification reporting and remittance requirements

Chapter 9207: Workout mortgage assumption 9207.1: What is a workout Mortgage assumption? 9207.2: When to consider a workout Mortgage assumption 9207.3: Eligibility requirements for a workout Mortgage assumption



9207.4: Submitting a workout Mortgage assumption recommendation to Freddie Mac 9207.5: Freddie Mac’s decision about a Servicer’s recommendation for workout Mortgage assumption 9207.6: Approval conditions for workout Mortgage assumption 9207.7: Closing requirements for workout Mortgage assumption 9207.8: Servicer fee for workout Mortgage assumption

Chapter 9208: Freddie Mac Standard Short Sale 9208.1: What is a short sale? 9208.2: Short sale eligibility requirements and Servicer approval authority 9208.3: Borrower documentation for a short sale 9208.4: Short sale Borrower contributions and relocation assistance 9208.5: Property valuation and minimum net proceeds for short sales 9208.6: Communication time lines for short sales 9208.7: Short sale transaction and processing requirements 9208.8: Closing, reporting and remittance requirements for short sales and make-whole preforeclosure

sales 9208.9: Fraudulent transactions related to short sales

Chapter 9209: Freddie Mac Standard Deed-in-Lieu of Foreclosure 9209.1: What is a deed-in-lieu of foreclosure? 9209.2: Deed-in-lieu of foreclosure eligibility requirements and Servicer approval authority 9209.3: Borrower documentation for deeds-in-lieu of foreclosure 9209.4: Deeds-in-lieu of foreclosure Borrower contributions and relocation assistance 9209.5: Property valuation and property inspection requirements for deeds-in-lieu of foreclosure 9209.6: Borrower communication and execution time lines for deeds-in-lieu of foreclosure 9209.7: Deed-in-lieu of foreclosure transaction and processing requirements 9209.8: Closing, reporting and remittance requirements for deeds-in-lieu of foreclosure

Chapter 9210: Charge-off 9210.1: What is a charge-off? 9210.2: When a Servicer must recommend a charge-off 9210.3: Submitting a recommendation for a charge-off to Freddie Mac 9210.4: Freddie Mac’s decision about a Servicer’s charge-off recommendation 9210.5: Closing, reporting and remittance requirements for charge-offs 9210.6: When to request reimbursement of expenses for charge-offs

Chapter 9211: Hardest Hit Fund 9211.1: Hardest Hit Fund

Topic 9300: Foreclosure

Chapter 9301: Foreclosure 9301.1: Foreclosures on Freddie Mac Mortgages 9301.2: General Servicer requirements for Freddie Mac Default Legal Matters 9301.3: Freddie Mac’s rights 9301.4: Pre-foreclosure referral account review 9301.5: Referral to foreclosure 9301.6: When to refer a Mortgage to foreclosure - Primary Residence



9301.7: When to refer a Mortgage to foreclosure for a non-Primary Residence 9301.8: Approving referral to foreclosure on a First Lien Mortgage 9301.9: Referral to foreclosure documentation requirements 9301.10: Choosing a judicial or nonjudicial foreclosure process 9301.11: Obtaining the original Note 9301.12: Foreclosing in the Servicer’s name 9301.13: Solicitation during the foreclosure process 9301.14: Servicer’s responsibility to work with foreclosure counsel 9301.15: Reporting requirements 9301.16: What is the first legal action in the foreclosure process? 9301.17: Expedited foreclosure if property is vacant or abandoned 9301.18: Obtaining judgment for less than total indebtedness 9301.19: Expedited foreclosures 9301.20: Expedited foreclosures – Florida 9301.21: Expedited foreclosures – Illinois 9301.22: Expedited foreclosures – New York 9301.23: When to preserve deficiency rights 9301.24: Circumstances where preserving deficiency rights requires additional expense 9301.25: Abandonment 9301.26: Preserving the property during the foreclosure process 9301.27: Expenses that may become First Liens on the property 9301.28: Complete Borrower Response Packages received after referral to foreclosure 9301.29: Reviews and certifications prior to foreclosure sale 9301.30: Foreclosure sale date extensions 9301.31: Delegated bidding 9301.32: When to obtain a credit bid for foreclosure sale bidding 9301.33: Requirements for and reimbursement of appraisal reports 9301.34: Bidding instructions for First Lien Mortgages not covered by mortgage insurance or subject to

credit enhancements 9301.35: Bidding instructions for Mortgages covered by mortgage insurance or subject to credit

enhancements 9301.36: Bidding instructions for Mortgages insured by the FHA or guaranteed by the VA or Rural

Housing Service (RHS) 9301.37: Failure to bid appropriately or pursue surplus proceeds 9301.38: Reporting foreclosure sale results 9301.39: Rollbacks 9301.40: Delivery of clear and marketable title 9301.41: Vesting the title and avoiding transfer taxes 9301.42: Reporting and remittance requirements for redemptions and confirmation date changes 9301.43: Third-party sale proceeds, reimbursement of expenses and reporting and remittance

requirements 9301.44: File retention for foreclosure proceedings 9301.45: State foreclosure time lines 9301.46: Allowable delays in completing a foreclosure



9301.47: State foreclosure time line performance assessment

Topic 9400: Bankruptcy and Other Litigation involving Freddie Mac-owned or Guaranteed Mortgages

Chapter 9401: Bankruptcy 9401.1: Bankruptcy 9401.2: Freddie Mac’s rights during Borrower’s bankruptcy 9401.3: Bankruptcy General requirements 9401.4: Multiple bankruptcy filings 9401.5: Notifying Freddie Mac of bankruptcy proceedings 9401.6: Managing new bankruptcy filings 9401.7: Managing Mortgages that become delinquent subsequent to bankruptcy filing 9401.8: Bankruptcy cramdowns 9401.9: Servicing bankruptcies on Mortgages secured by income properties 9401.10: Selecting bankruptcy counsel, bankruptcy referrals and the Servicer’s responsibility to work

with bankruptcy counsel 9401.11: Reimbursement of expenses related to a bankruptcy

Chapter 9402: Other litigation involving Freddie Mac-owned or guaranteed Mortgages 9402.1: Freddie Mac rights 9402.2: Routine and non-routine litigation 9402.3: Reporting and notification requirements for Freddie Mac Default Legal Matters 9402.4: Counsel retained by Servicers pursuant to Servicer’s duty to indemnify Freddie Mac

Topic 9500: Selection, Retention and Management of Law Firms for Freddie Mac Default Legal Matters

Chapter 9501: Selection, Retention and Management of Law Firms for Freddie Mac Default Legal Matters

9501.1: Servicer’s management of law firms for Freddie Mac Default Legal Matters 9501.2: Review and evaluation of firms 9501.3: Firm Minimum Requirements 9501.4: Selection of firm 9501.5: Retention of firm 9501.6: Training of firms 9501.7: Referral of Freddie Mac Default Legal Matters to firm 9501.8: Prohibitions related to Freddie Mac Default Legal Matters 9501.9: Servicer use of connectivity and invoice processing system 9501.10: Servicer reporting on Freddie Mac Default Legal Matters 9501.11: Servicer monitoring and management of firm 9501.12: Escalation of firm issues to Freddie Mac 9501.13: Termination and suspension of firms 9501.14: Implementing the termination and suspension of firms 9501.15: Reservation of rights and remedies for non-compliance concerning litigation

Topic 9600: Post Foreclosure/Real Estate Owned



Chapter 9601: Deficiency Recovery 9601.1: Working with vendors to collect deficiencies 9601.2: Assigning deficiency rights after the foreclosure sale 9601.3: Charging off the deficiency

Chapter 9602: Post sale reporting to other entities 9602.1: Servicer reporting of foreclosure sales to credit repositories 9602.2: Servicer Reporting to the IRS

Chapter 9603: Real Estate Owned (REO) 9603.1: General Servicer requirements for Real Estate Owned properties 9603.2: FHA/VA/RHS claim filing post-foreclosure sale 9603.3: Primary mortgage insurance claim filing 9603.4: Offers to purchase the property with a pending mortgage insurance claim 9603.5: Receipt of claim payment 9603.6: Reduced, suspended or denied claims 9603.7: Remittance of primary mortgage insurance claim payments 9603.8: Property Condition Certificate (PCC) process 9603.9: Required Real Estate Owned (REO) documentation and reporting 9603.10: Notifying the taxing authority/HOA of REO 9603.11: Property insurance for REO 9603.12: Canceling utilities for REO 9603.13: Condominium/HOA and PUD fees and ground rent for REO 9603.14: Eviction requirements for REO 9603.15: Reimbursement of expenses incurred on a Real Estate Owned (REO) property 9603.16: Final settlement between the Servicer and Freddie Mac for REO 9603.17: Late Execution of REO Repurchase

Topic 9700: Reimbursement of Expenses

Chapter 9701: Reimbursement of Expenses 9701.1: Reimbursement of expenses 9701.2: Servicer expense approval authority 9701.3: Expense amounts requiring a Servicer request for pre-approval (RPA) 9701.4: Freddie Mac’s rights concerning expense reimbursement 9701.5: Reimbursement claim submission types and time frames 9701.6: Reimbursement of taxes 9701.7: Reimbursement of insurance premiums 9701.8: Reimbursement of liens 9701.9: Reimbursement for property inspection and property preservation expenses 9701.10: Reimbursement of condominium, HOA and PUD fees, assessments and ground rent 9701.11: Reimbursement of fees and costs incurred during legal proceedings 9701.12: Reimbursement requirements when foreclosure must be resumed 9701.13: Reimbursement of Broker’s Price Opinion (BPO)/appraisal reports 9701.14: Reimbursement of Scheduled Principal 9701.15: Non-reimbursable expenses 9701.16: Denials and adjustments of expense reimbursement requests



9701.17: Default reporting requirements and reimbursement of claims 9701.18: Real Estate Owned (REO) related costs and expenses 9701.19: Expense offsets 9701.20: Forwarding remittances to Freddie Mac 9701.21: Standard supporting documentation for expense reimbursement 9701.22: Expense reimbursement audits

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