Freddie Mac Single-Family Seller/Servicer Guide 5701.10 — Condo Project Advisor® – Project Assessment Request (PAR)

Effective for Mortgages with Application Received Dates on or after August 3, 2026. Condo Project Advisor® (CPASM) allows authorized Sellers to submit a Project Assessment Request (PAR) to obtain feedback (referred to as the PAR findings) regarding a Condominium Project’s compliance with the project review requirements assessed by CPA. A Condominium Project’s PAR findings are also available in Loan Product Advisor® when CPA identifies the property address submitted in Loan Product Advisor and the project has a PAR status assigned. This section contains requirements related to: ■ Mortgages eligible for purchase ■ Submission timing and Seller Certified status expiration ■ Mortgage identification ■ PAR findings ■ Assessed and non-assessed project review and general eligibility requirements ■ Project Certified Submission (PCS) review process ■ Seller Review Certification (SRC) process ■ Documentation requirements for Mortgages with PAR findings ■ Representations and warranties ■ Delivery requirements

(a) Mortgages eligible for purchase To be eligible for purchase the Mortgage must: ■ Be secured by a Condominium Unit in an Established Condominium Project ■ Be a Loan Product Advisor Mortgage ■ Not be secured by a Condominium Unit in a Condominium Project with a Not Eligible status PAR finding

(b) Submission timing and Seller Certified status expiration (i) Submission timing For CPA, the PAR and, if applicable, the required data for a Seller Review Certification (SRC), may be submitted at any time during the loan origination process but must be submitted prior to sale of the related Mortgage to Freddie Mac. For Loan Product Advisor, the Mortgage must be submitted to Loan Product Advisor pursuant to the requirements in Section 5101.1(c). (ii) Seller Certified status expiration The Seller Certified status PAR finding expires one year from the SRC submission date. The expiration date is specified on the Condo Project Advisor Feedback Certificate or the Last Feedback Certificate, whichever contains the last PAR findings as defined in Section 5701.10(d)(iii). If the Seller Certified status PAR finding expires before the Note Date and Seller wants to rely on the Seller Certified status, Sellers must submit a new SRC in CPA prior to sale of the related Mortgage to Freddie Mac.

(c) Mortgage identification The PAR is applicable only to the Mortgage identified on the Condo Project Advisor Feedback Certificate or the Last Feedback Certificate, as applicable, and is not applicable to any other Mortgage secured by a Condominium Unit located in the same Condominium Project. The Mortgage identified will be the Mortgage for which the Seller enters one of the following in CPA: ■ The LP Key Number, an alphanumeric identifier, listed on the Feedback Certificate, which may also be referred to as the LP AUS Key Number or the Loan Prospector Key Number, or ■ Seller loan number/identifier (i) Retail Mortgages For Retail Mortgages, the LP Key Number or the Seller loan number must be entered into CPA, and it must be identical to the LP Key Number or Seller loan number delivered in Loan Selling Advisor®. (ii) Non-Retail Mortgages For non-Retail Mortgages, the LP Key Number must be entered into CPA, and it must be identical to the LP Key Number delivered in Loan Selling Advisor.

(d) PAR findings Seller is responsible for ensuring compliance with the project review requirements specified in the last PAR findings (see Section 5701.10(d)(iii) below). See Section 5701.10(i) for details about representations and warranties. Freddie Mac will not purchase a Mortgage secured by a Condominium Unit in a Condominium Project assigned a “Not Eligible” status by CPA. See table below. See Section 5701.10(d)(ii) below for changes to PAR findings. (i) PAR finding status The following table describes the PAR findings by status: PAR findings by status Status Requirements Project Certified status If CPA finds that the Condominium Project complies with all requirements assessed for this status, CPA will assign a “Project Certified” status to the project. The term “Project Certified” means that CPA is assessing only the requirements of the Glossary definition of an Established Condominium Project, Section 5701.3 regarding ineligible Condominium Projects and Section 5701.5 regarding Established Condominium Projects. See Section 5701.10(f) for details on submitting a Condominium Project for a PCS review. Seller Certified status A “Seller Certified” status will be assigned to the Condominium Project if the project complies with all project review requirements: ■ Assessed by CPA (see Section 5701.10(e)(ii)(A)); and ■ Assessed by Seller (see Incomplete Assessment status requirements below in this table and Sections 5701.10(e)(ii)(B)(II) and 5701.10(e)(iii)) If CPA finds that the Condominium Project does not comply with one or more of the requirements CPA assessed, then Sellers must address and ensure compliance with those requirements in order for the Condominium Project to receive a Seller Certified status. PAR findings by status Status Requirements See Section 5701.10(g) for details on the SRC process. Green status If CPA finds that the Condominium Project complies with all the requirements assessed for this status, CPA will assign a “Green” status to the project. Yellow status If CPA finds that the Condominium Project does not comply with one or more of the requirements assessed, CPA will assign a “Yellow” status to the project. The Condo Project Advisor Feedback Certificate will include a “Proceed with Caution” section with messages relating to requirements that need to be addressed before the Mortgage can be sold to Freddie Mac. The Loan Product Advisor Feedback Certificate will provide similar feedback messages, titled “Condo Project,” in the Property and Appraisal Messages section. ■ If one of the messages indicates that the project may not be an Established Condominium Project, the Seller must first determine that the project complies with that requirement ■ If Seller determines that the project is an Established Condominium Project, the related Condominium Unit Mortgage may be eligible for sale to Freddie Mac if the Seller fully analyzes the project review and general eligibility requirements identified on the later of the Condo Project Advisor Feedback Certificate or the Last Feedback Certificate (see Section 5701.10(d)(iii) below) and determines that the project complies with the requirement(s) Incomplete Assessment status If CPA is unable to perform the assessment, CPA will assign an “Incomplete Assessment” status to the Condominium Project. A Mortgage secured by a Condominium Unit in a Condominium Project with an “Incomplete Assessment” status may be eligible for sale to Freddie Mac if the Seller fully analyzes all project review requirements (Section 5701.2(a)) and general eligibility requirements (Section 5701.2(b)) and determines the project complies with all the requirements. Not Eligible status If CPA finds that a Condominium Project does not meet certain Condominium Project review and general eligibility requirements, CPA will assign a “Not Eligible” status to the project. Mortgages secured by a Condominium Unit in a Condominium Project that receive this status are ineligible for sale to Freddie Mac and will be PAR findings by status Status Requirements identified as such in Output (as defined in Section 2401.1(b)) of CPA, Loan Product Advisor, Loan Quality Advisor and Loan Selling Advisor. A Condominium Project without a “Not Eligible” status does not mean that the project complies with all of Freddie Mac’s project review and general eligibility requirements or that Freddie Mac will purchase any Mortgage secured by a Condominium Unit in that project. For a Condominium Project without a “Not Eligible” status, Seller must ensure compliance with all applicable requirements in this chapter and all other requirements of the Purchase Documents. (ii) Changes to PAR findings For all PAR findings, including those submitted through the PCS review process or SRC process, if a Seller or, if applicable, a Related Third Party, becomes aware of any information that could impact, or that is inconsistent with, a project’s PAR findings, the Seller or Related Third Party must contact Freddie Mac at [email protected] and provide the specific information. Seller must notify Freddie Mac as soon as feasible but no later than five business days after Seller becomes aware of such information. A Condominium Project’s PAR findings (status and/or feedback messages) may change based on information assessed after CPA assigns a status to the project and after Seller last accessed CPA and obtained a project’s PAR findings. If the Seller or Related Third Party notified Freddie Mac of any information that could impact, or that is inconsistent with, a project’s PAR findings, then, prior to sale of a Condominium Unit Mortgage secured by a unit in that Condominium Project, the Seller must: ■ Confirm the Condominium Project’s current PAR findings; and ■ Ensure compliance with the requirement(s) specified in the last PAR findings (see Section 5701.10(d)(iii) below) (iii)Last PAR findings The PAR findings on the Condo Project Advisor Feedback Certificate are the last PAR findings if the date listed in the “Date Issued” field on the Condo Project Advisor Feedback Certificate is later than the date listed in the “Date/Time Assessed” field in the Transaction Details section of the Last Feedback Certificate. Otherwise, the PAR findings on the Last Feedback Certificate are the last PAR findings. If submissions in CPA and Loan Product Advisor are made on the same day, then the PAR findings on the Last Feedback Certificate are the last PAR findings.

(e) Assessed and non-assessed project review and general eligibility requirements (i) Assessed project review requirements for Condominium Projects with a Project Certified status PAR finding CPA only assesses the following project review requirements for Condominium Projects with a Project Certified status: CPA assesses Project review requirements Guide location Definition of an Established Condominium Project Glossary Ineligible projects Section 5701.3 Established Condominium Projects Section 5701.5 (ii) Assessed project review requirements for Green and Yellow status PAR findings (A) Assessed project review requirements CPA assesses the following project review requirements for Established Condominium Projects (Section 5701.5) that receive a Green or Yellow status: CPA assesses Project review requirement Guide location Definition of an Established Condominium Project Glossary Condominium Hotel or similar type of transient housing Section 5701.3(b) Project with multi-dwelling units Section 5701.3(c) Project with excessive commercial or non-residential space Section 5701.3(d) Tenancy-in-common apartment project Section 5701.3(e) CPA assesses Project review requirement Guide location Timeshare project or project with segmented ownership Section 5701.3

(f) Houseboat project Section 5701.3

(g) Project in which the unit owners do not possess sole ownership of the Common Elements Section 5701.3

(h) Project with excessive single investor concentration Section 5701.3(j) Continuing Care Retirement Community (CCRC) Section 5701.3(k) Manufactured Homes Section 5701.3(l) Project with mandatory dues or similar membership fees for use of Amenities such as clubhouses or recreational facilities Section 5701.3(m) (B) Non-assessed project review and general eligibility requirements for Green and Yellow status PAR findings. CPA does not assess the following project review and general eligibility requirements for the Established Condominium Projects project review type (Section 5701.5) for projects that receive a Green or Yellow status: Established Condominium Projects (Section 5701.5) Established Condominium Projects (Section 5701.5) CPA does NOT assess Project review requirement Guide location Expiration of project review is within one year prior to the Note Date Section 5701.2(a)(3) The Condominium Project remains in full compliance with applicable State law, the requirements of the jurisdiction in which Section 5701.2(a)(4) Established Condominium Projects (Section 5701.5) CPA does NOT assess Project review requirement Guide location the Condominium Project is located, and with all other applicable laws and regulations governing the Condominium Project Projects in which the unit owners do not have an undivided ownership interest or leasehold interest in the land on which the project is located Section 5701.3(a) Project in litigation Section 5701.3

(i) Project in need of Critical Repairs Section 5701.3(n) Project with an evacuation order Section 5701.3(o) Projects terminating or involved in insolvency proceedings Section 5701.3(p) Project budget requirements for Established Condominium Projects Section 5701.5(b) Delinquent assessments for Established Condominium Projects Section 5701.5(c) Requirements when a Seller relies on a project reserve study for Established Condominium Projects Section 5701.5(d) Manufactured Homes Section 5701.5(e) (iii)Non-assessed general eligibility requirements for all PAR status findings CPA does not assess the general Condominium Project eligibility requirements in Section 5701.2(b). (f) Project Certified Submission (PCS) review process CPA may specify on certain PARs, or the Loan Product Advisor Feedback Certificate may indicate, that a Condominium Project is eligible to be submitted for a Project Certified review through the CPA PCS process. Such submissions may be made only through CPA. Prior to submission, the Seller is not required to determine that a Condominium Project meets the requirements of Sections 5701.3 (Ineligible projects), 5701.5 (Established Condominium Projects), and the Glossary definition of an Established Condominium Project. If CPA finds that the Condominium Project meets the requirements for Project Certified, the project will be assigned a Project Certified status. The provisions of Section 5701.10 applicable to projects with a Project Certified status are also applicable to projects with a Project Certified status obtained through a PCS review. (i) PCS timing The project must be submitted and receive a Project Certified status PAR finding prior to the sale of the related Mortgage to Freddie Mac. (ii) PCS requirements The Seller must submit the following documents to Freddie Mac for review: ■ Seller full review questionnaire dated within 180 days of PCS request date; ■ Condominium Project Addendum Form 476A or similar documentation to determine if a project is in need of Critical Repairs; ■ Any structural and/or mechanical inspection that has been completed within 3 years of the Seller’s PCS request date; ■ Current approved budget; and ■ Such other documentation/information as Freddie Mac may request from time to time Except for the information required by the PCS review, Sellers must not provide any Borrower-related information or other Mortgage information in connection with their PCS request. (g) Seller Review Certification (SRC) process CPA may specify on certain PARs, or the Loan Product Advisor Feedback Certificate may indicate, that a Condominium Project is eligible to be submitted for a Seller Certified review through the CPA SRC process. Such submissions may be made only through CPA. If Seller chooses to submit an SRC in CPA, Seller will be prompted to respond to a series of questions based on the Condominium Project’s PAR finding of Green, Yellow or Incomplete Assessment status (the “Pre-SRC PAR status”). If a project receives a Seller Certified status PAR finding: ■ The status will be visible only to CPA and Loan Product Advisor users who have the same Seller ID as the SRC submitter; and ■ The status will be detailed on all Condo Project Advisor Feedback Certificates and Loan Product Advisor Feedback Certificates for Mortgages secured by Condominium Units in the same Condominium Project until the Seller Certified status expires A Seller Certified status PAR finding may change prior to its expiration date if: ■ The status changes to Not Eligible or Project Certified, or ■ There is an SRC resubmission by a user with the same Seller ID as the SRC submitter (h) Documentation requirements for Mortgages with PAR findings For all PAR findings, the Condo Project Advisor Feedback Certificate or the Last Feedback Certificate, whichever contains the last PAR findings as defined in Section 5701.10(d)(iii), must be: ■ Maintained in the Mortgage file; and ■ Dated within 120 days of the Note Date or has an unexpired Seller Certified status (see Section 5701.10(b)(ii) above for Seller Certified status expiration) The Seller may upload in CPA all documentation related to its SRC at the time of submission. The Seller must retain, and provide upon request, documentation to support its analysis that the Condominium Project complies with the project review requirements assessed by Seller as required in Section 5701.2(b)(6). (i) Representations and warranties (i) Project Certified status PAR findings For a subject Mortgage secured by a Condominium Unit in a Condominium Project with a Project Certified status PAR finding, Freddie Mac will not exercise its remedies, including the issuance of repurchase requests, in connection with a breach of the Seller’s selling representations and warranties related to the project review requirements that CPA assessed if: ■ CPA found the project complied with the requirement(s) assessed; and ■ The PAR findings are detailed on the later of a non-transferrable Condo Project Advisor Feedback Certificate or the Last Feedback Certificate maintained in the Mortgage file Seller remains responsible for compliance with the general eligibility requirements in Section 5701.2(b). Except as provided by this Section 5701.10(i)(i), the Seller remains responsible for compliance with all other requirements of the Purchase Documents. (ii) Seller Certified status PAR findings For a subject Mortgage secured by a Condominium Unit in a Condominium Project with a Seller Certified status PAR finding, Freddie Mac will not exercise its remedies, including the issuance of repurchase requests, in connection with a breach of Seller’s selling representations and warranties related to the project review requirements that CPA assessed if: ■ CPA found the project complied with the requirement(s) assessed; and ■ The PAR findings are detailed on the later of a non-transferrable Condo Project Advisor Feedback Certificate or the Last Feedback Certificate maintained in the Mortgage file As to the requirements assessed by Seller for an SRC, Freddie Mac may exercise its remedies, including the issuance of repurchase requests, in connection with a breach of Seller’s selling representations and warranties related to such project review requirements. Seller must determine that a Condominium Project with a Pre-SRC PAR status of Green, Yellow or Incomplete Assessment complies with the requirements specified in the following table: Requirements by the pre-SRC PAR status Pre-SRC PAR status Seller requirements Green status ■ The general eligibility requirements in Section 5701.2(b); ■ All project review requirements not assessed by CPA (see Section 5701.10(e)(ii)(B)(II)); and ■ All other requirements of the Purchase Documents Yellow status ■ The general eligibility requirements in Section 5701.2(b); ■ All project review requirements not assessed by CPA (see Section 5701.10(e)(ii)(B)(II)); ■ Any project review requirements assessed by CPA and not complied with by the Condominium Project; and Requirements by the pre-SRC PAR status Pre-SRC PAR status Seller requirements ■ All other requirements of the Purchase Documents Incomplete status ■ All project review requirements (Section 5701.2(a)); ■ All general eligibility requirements (Section 5701.2(b)); and ■ All other requirements of the Purchase Documents (iii)Green or Yellow status PAR findings For a subject Mortgage secured by a Condominium Unit in a Condominium Project with a Green or Yellow status PAR finding, Freddie Mac will not exercise its remedies, including the issuance of repurchase requests, in connection with a breach of the Seller’s selling representations and warranties related to the project review requirements that CPA assessed if: ■ CPA found the project complied with the requirement(s); and ■ The PAR findings are detailed on the later of a non-transferrable Condo Project Advisor Feedback Certificate or the Last Feedback Certificate maintained in the Mortgage file The following table outlines the requirements for a Condominium Project with a Green or Yellow status PAR finding: Requirements by PAR finding status PAR finding status Requirements Green status Seller does not need to ensure compliance with all the project review requirements assessed by CPA. Seller must ensure compliance with: ■ The project review requirements (Section 5701.2(a)) that CPA does not assess ■ The general eligibility requirements (Section 5701.2(b)) that CPA does not assess; and ■ All other requirements of the Purchase Documents Requirements by PAR finding status PAR finding status Requirements Yellow status When CPA finds that the Condominium Project does not comply with one or more of the requirements it assesses, Seller must ensure compliance with such identified requirement(s). Seller must also ensure compliance with: ■ The project review requirements (Section 5701.2(a)) that CPA does not assess ■ General eligibility requirements (Section 5701.2(b)) that CPA does not assess; and ■ All other requirements of the Purchase Documents (iv) Incomplete Assessment status PAR finding For an Incomplete Assessment status PAR finding, Seller must ensure compliance with: ■ All project review requirements (Section 5701.2(a)); and ■ All general eligibility requirements (Section 5701.2(b))

(j) Delivery requirements All eligible Mortgages with PAR findings must be delivered to Freddie Mac within 120 days after the Note Date. If the Mortgage is not delivered within 120 days after the Note Date, the Seller must submit a new PAR and obtain a new Condo Project Advisor Feedback Certificate, or, if applicable, the Mortgage may be resubmitted to Loan Product Advisor pursuant to Section 5101.3. Note: If the requirements for Condominium Projects with a Project Certified status in this Section 5701.10 are met, then Seller is not required to comply with the requirements for any of the project review types in Sections 5701.5 (Established Condominium Project reviews), 5701.6 (New Condominium Project reviews), 5701.7 (projects exempt from review) and 5701.9 (Reciprocal project reviews).