Freddie Mac Single-Family Seller/Servicer Guide 4701.5 — Mortgage insurance for Cooperative Share Loans

fhlmc-4701-5

Freddie Mac Single-Family Seller/Servicer Guide section 4701.5 — Mortgage insurance for Cooperative Share Loans. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.

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source:
  type: regulation
  id: fhlmc-4701.5
  authority: Freddie Mac Single-Family Seller/Servicer Guide 4701.5 — Mortgage insurance for Cooperative Share Loans
  description: Freddie Mac Single-Family Seller/Servicer Guide section 4701.5 — Mortgage insurance for Cooperative Share Loans. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.
  effective_date: '2020-05-04'
obligations:
  - id: fhlmc-4701.5-full
    canonical_id: fhlmc-4701.5-full
    section: Freddie Mac Single-Family Seller/Servicer Guide 4701.5 — Mortgage insurance for Cooperative Share Loans
    description: Notwithstanding the requirements of Section 4701.1, for New York properties, the sales price of the Cooperative Interest may be used solely for the purpose of determining whether mortgage insurance is required for purchase transaction Cooperative Share Loans. If mortgage insurance is required, the requirements of Section 4701.1 apply for determining the loan-to-value ratio for the required percentage of mortgage insu
    type: do
    audit_question: ''
    program_review: ''
    file_review: ''
    judgment: false
    feeds: []
    workflow_phase: ''
    owner_role: ''
    secondary_owner_role: ''
    cadence: ''
    consequence: ''
    tags:
      - regulator-direct
      - fhlmc
      - freddie-guide
      - section-complete
      - full-text-rebuild
    primary_source:
      tier: 1
      authority: Freddie Mac Single-Family Seller/Servicer Guide 4701.5 — Mortgage insurance for Cooperative Share Loans
      source_class: fhlmc-guide
      source_url: https://guide.freddiemac.com/
      snapshot_id: 4c94f67729042dd6
      fetched_at: '2026-06-18T00:00:00+00:00'
      content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
      paragraph_quote: Notwithstanding the requirements of Section 4701.1, for New York properties, the sales price of the Cooperative Interest may be used solely for the purpose of determining whether mortgage insurance is required for purchase transaction Cooperative Share Loans. If mortgage insurance is required, the requirements of Section 4701.1 apply for determining the loan-to-value ratio for the required percentage of mortgage insurance coverage and for purposes of determining whether mortgage insurance should be canceled.
      drafter_attestation: Verbatim from Freddie Mac Seller/Servicer Guide 4701.5, snapshot 4c94f67729042dd6; substring-verified against the snapshot (raw projection) on 2026-08-23.
      verbatim_gate: raw
      fhlmc_effective_date: '2020-05-04'
    fhlmc_effective_date: '2020-05-04'

Verbatim regulatory text (1)

Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 4701.5 — Mortgage insurance for Cooperative Share Loans — 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 4701.5 — Mortgage insurance for Cooperative Share Loans

Effective 2020-05-04 · Freddie Mac's stamp for this section

Notwithstanding the requirements of Section 4701.1, for New York properties, the sales price of the Cooperative Interest may be used solely for the purpose of determining whether mortgage insurance is required for purchase transaction Cooperative Share Loans. If mortgage insurance is required, the requirements of Section 4701.1 apply for determining the loan-to-value ratio for the required percentage of mortgage insurance coverage and for purposes of determining whether mortgage insurance should be canceled.

Source: Freddie Mac Single-Family Seller/Servicer Guide 4701.5 — Mortgage insurance for Cooperative Share Loans · source URL · snapshot 4c94f67729042dd6

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Source of record: https://claudeforcompliance.com/regs/fhlmc-4701-5/ · register fhlmc-4701-5 · Claude for Compliance. Free to read and download; see regulatory updates and methodology.