Freddie Mac Single-Family Seller/Servicer Guide Section 1501.2 — Purchase Contract provisions
Freddie Mac Single-Family Seller/Servicer Guide Section 1501.2 — Purchase Contract provisions.
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide Section 1501.2 — Purchase Contract provisions — 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.
Freddie Mac Single-Family Seller/Servicer Guide Section 1501.2 — Purchase Contract provisions
1501.2: Purchase Contract provisions (12/17/25) This section contains requirements related to: ■ Credit toward a Commitment Amount ■ Purchase tolerances stated in certain Pricing Identifier Terms (a) Credit toward a Commitment Amount The UPB of each Mortgage purchased pursuant to a Purchase Contract taken out under the Guarantor or MultiLender Swap programs will be credited to the Commitment Amount, continuing until the earlier of one of the following: ■ Freddie Mac has purchased Mortgages with an aggregate UPB equal to the Commitment Amount, subject to the allowable purchase tolerance, or ■ The Pricing Identifier Expiration Date Unless the Pricing Identifier Term provides otherwise, Mortgages sold to Freddie Mac under a Cash Contract are eligible to fulfill the Seller’s Commitment Amount. At the Seller’s request, the UPB of any Mortgages specified in a cash Purchase Contract may be credited to the Seller’s outstanding Commitment Amounts. If the Seller has two or more Pricing Identifiers outstanding, the UPBs will be allocated to the Pricing Identifier specified in the Cash Contract under which the Mortgages are delivered to Freddie Mac. (b) Purchase tolerances stated in certain Pricing Identifier Terms Purchase tolerances for Commitment Amounts are stated in certain Pricing Identifier Terms. If the Seller delivers Mortgages with an aggregate UPB greater than the Commitment Amount plus the purchase tolerance, Freddie Mac reserves the right to charge an additional fee for any Mortgages it agrees to purchase in excess of the Commitment Amount. A cash Purchase Contract is subject to: ■ The purchase tolerances applicable to fixed-rate Cash Contracts and ARM Cash Contracts, and ■ Pairoff fees and pairoff procedures as set forth in Section 6401.1 The Seller may pair off a mandatory Commitment Amount in accordance with the procedures set forth in Section 6401.1. Any pairoff fees assessed for failure to fulfill a mandatory Commitment Amount shall be in addition to the pairoff fees assessed for failure to satisfy the mandatory delivery requirements for fixed-rate Cash Contracts or for ARMs delivered under cash Purchase Contracts. Freddie Mac Single-Family Seller/Servicer Guide Chapter 2101 As of 05/06/26 Page 2101-1 Chapter 2101: Seller/Servicer Institutional Eligibility