Freddie Mac Single-Family Seller/Servicer Guide 2403.3 — Termination of eligibility
Freddie Mac Single-Family Seller/Servicer Guide Section 2403.3 — Termination of eligibility.
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 2403.3 — Termination of eligibility — 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 2403.3 — Termination of eligibility
This section contains requirements related to: ■ Termination of eligibility ■ Incorporation of Loan Selling Advisor® into the Purchase Documents (a) Termination of eligibility The Seller acknowledges and agrees that at any time and in addition to any other remedies Freddie Mac is entitled to under the Purchase Documents, Freddie Mac may: ■ Revoke or suspend its consent for the Seller to use the provisions of this chapter or any chapter providing terms for the sale of Mortgages to Freddie Mac using Loan Selling Advisor®; and/or ■ Terminate the Seller’s eligibility to use any application or functionality within Loan Selling Advisor. (b) Incorporation of Loan Selling Advisor into the Purchase Documents Loan Selling Advisor is a Purchase Document. Any amendments, modifications, revisions, changes, and/or updates made to Loan Selling Advisor by Freddie Mac will be automatically incorporated into and made a part of the Purchase Documents whenever such amendments, modifications, revisions, changes, and/or updates are published, disseminated or otherwise made available to a Seller by Freddie Mac.
Operationalizing Freddie Mac Single-Family Seller/Servicer Guide 2403.3 — Termination of eligibility
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-2403-3/
· register fhlmc-2403-3 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.