Freddie Mac Single-Family Seller/Servicer Guide 4501.1 — Eligible and ineligible Home Possible® Mortgages
Freddie Mac Single-Family Seller/Servicer Guide section 4501.1 — Eligible and ineligible Home Possible® Mortgages. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 4501.1 — Eligible and ineligible Home Possible® Mortgages — 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 4501.1 — Eligible and ineligible Home Possible® Mortgages
This section contains requirements related to: ■ Loan purpose for Home Possible® Mortgages ■ Eligible Mortgages ■ Ineligible Mortgages (a) Loan purpose for Home Possible Mortgages A Home Possible Mortgage must be either a purchase transaction or “no cash-out” refinance. (b) Eligible Mortgages Home Possible Mortgages eligible for sale to Freddie Mac must be First Lien Mortgages that are fully amortizing and must be one of the following conventional Mortgage Products: ■ Fixed-rate Mortgages ■ 7/6-Month or 10/6-Month ARMs ■ 5/6-Month ARMs if secured by a property other than a Manufactured Home Home Possible Mortgages, other than Mortgages secured by Manufactured Homes, must have an original maturity date not greater than 30 years. Home Possible Mortgages secured by Manufactured Homes must have a maximum original maturity not greater than that specified in Section 5703.8(a). (c) Ineligible Mortgages Mortgages with the following characteristics are not eligible for sale to Freddie Mac as Home Possible Mortgages: ■ Financed Permanent Buydown Mortgages ■ Freddie Mac Enhanced Relief Refinance Mortgages® ■ Government Mortgages ■ HeritageOne® Mortgages ■ HomeOne® Mortgages ■ Refi Possible® Mortgages ■ Seller-Owned Converted Mortgages ■ Super conforming Mortgages (as described in Chapter 4603)
Operationalizing Freddie Mac Single-Family Seller/Servicer Guide 4501.1 — Eligible and ineligible Home Possible® Mortgages
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-4501-1/
· register fhlmc-4501-1 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.