FHLMC Single-Family Seller-Servicer Guide — Mortgage eligibility / Seller representations

fhlmc-1301-eligibility-smoke

Smoke-test register for FHLMC Single-Family Seller-Servicer Guide — Seller representations and warranties regarding Mortgage eligibility. Smoke-test scope: ONE obligation only; full Selling-side expansion happens in subsequent Round D drafting batches.

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source:
  type: regulation
  id: fhlmc-1301-eligibility-smoke
  authority: FHLMC Single-Family Seller-Servicer Guide — Mortgage eligibility / Seller representations
  description: |
    Smoke-test register for FHLMC Single-Family Seller-Servicer Guide —
    Seller representations and warranties regarding Mortgage eligibility.
    Smoke-test scope: ONE obligation only; full Selling-side expansion
    happens in subsequent Round D drafting batches.
obligations:
  - id: fhlmc-1301-note-and-security-instrument-enforceable
    canonical_id: fhlmc-1301-note-and-security-instrument-enforceable
    section: FHLMC SF Guide — Note and Security Instrument enforceability representation
    description: |
      [LENDER], as Seller, represents and warrants that the Note and the
      Security Instrument for each Mortgage delivered to Freddie Mac must
      be enforceable by [LENDER] (the Seller). This is a fundamental
      representation supporting Freddie Mac's purchase decision and
      [LENDER]'s ability to deliver clean title at sale.
    type: do
    audit_question: For every Mortgage [LENDER] delivers to Freddie Mac, can [LENDER] evidence that the Note and the Security Instrument are enforceable by [LENDER] as of the Delivery Date — including proper execution, proper recording where required, and absence of facially-fatal defects?
    program_review: Do the P&Ps/QC ensure that, for every Mortgage delivered to Freddie Mac, the Note and Security Instrument are enforceable by the Seller as of Delivery — proper execution, proper recording where required, no facially-fatal defects?
    file_review: Pull delivered files; review the Note and Security Instrument for execution, recording, and facial defects. The compliance person judges enforceability.
    judgment: true
    feeds: []
    workflow_phase: post_close_qc
    owner_role: post_closing_specialist
    secondary_owner_role: compliance_officer
    cadence: per-delivery
    consequence: FHLMC repurchase demand on unenforceable Mortgages; reps-and-warranties breach exposure.
    tags:
      - round-d
      - regulator-direct
      - fhlmc
      - delivery
      - reps-and-warranties
      - note-enforceability
      - promoted
    primary_source:
      tier: 1
      authority: FHLMC Single-Family Seller-Servicer Guide — Seller representation
      source_class: fhlmc-guide
      source_url: https://guide.freddiemac.com/ci/okcsFattach/get/3046538_4
      snapshot_id: 4c94f67729042dd6
      fetched_at: '2026-05-25T14:10:06Z'
      content_hash: sha256:placeholder-will-not-substring-check-against-this
      paragraph_quote: |
        The Note and the Security Instrument must be enforceable by the Seller.
      drafter_attestation: |
        Copied verbatim from snapshot fbba421721d90cb1 (FHLMC Single-Family
        Seller-Servicer Guide consolidated PDF, downloaded 2026-05-25).
        Smoke-test obligation for Round D pipeline validation across FHLMC
        source family.
    promoted_at: '2026-05-25T14:29:10+00:00'
    promoted_from: fhlmc-1301-eligibility-smoke-roundd-v1.yaml
_promotion_history:
  - promoted_at: '2026-05-25T14:29:10+00:00'
    candidate_path: obligations\_remediation\round-d-investor-guides\fhlmc-1301-eligibility-smoke-roundd-v1.yaml
    candidates_promoted: 1
    candidates_skipped_existing: 0

Verbatim regulatory text (1)

Verbatim provisions from FHLMC Single-Family Seller-Servicer Guide — Mortgage eligibility / Seller representations — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

FHLMC SF Guide — Note and Security Instrument enforceability representation

The Note and the Security Instrument must be enforceable by the Seller.

Source: FHLMC Single-Family Seller-Servicer Guide — Seller representation · source URL · snapshot 4c94f67729042dd6

Did an assistant just answer a Freddie Mac question for you? Bulletins replace Guide sections, and the old text stays widely quoted. An assistant will answer from a version a later Bulletin already retired. This page is the operative text, with its effective date.

Check the answer. Paste into ChatGPT or Claude:

Read https://claudeforcompliance.com/qc/fhlmc-1301-eligibility-smoke — the verbatim text of this section with its effective date. Tell me whether the answer you just gave me still matches it. Quote the operative text and its effective date, and flag anything you said that it does not support.

Operationalizing FHLMC Single-Family Seller-Servicer Guide — Mortgage eligibility / Seller representations

This is verbatim, source-snapshotted regulator text from the Claude for Compliance open corpus. To turn a rule like this into compliance work product: gap-analyze your policies and procedures (P&Ps) against these requirements to surface stale, conflicting, or missing provisions; operationalize any change with a ready-to-run update kit; and produce audit-ready evidence — every step grounded only in the regulator’s own words, never invented.

To work from the whole rulebook rather than this one page: download the corpus — every register on this site, verbatim, each with its source snapshot and effective date — then follow the methodology. It asks your assistant to answer only from the downloaded text, cite the register id and effective date it used, and tell you when the corpus does not cover something instead of filling the gap from memory. Running it locally also means no one sees which regulations you are looking at.

Source of record: https://claudeforcompliance.com/regs/fhlmc-1301-eligibility-smoke/ · register fhlmc-1301-eligibility-smoke · Claude for Compliance. Free to read and download; see regulatory updates and methodology.