Freddie Mac Single-Family Seller/Servicer Guide 6203.2 — Fixed-Rate Guarantor Contract requirements

Freddie Mac Single-Family Seller/Servicer Guide 6203.2 — Fixed-Rate Guarantor Contract requirements

Effective 2025-11-05 · Freddie Mac's stamp for this section

This section contains requirements related to: ■ Offer procedures for Fixed-Rate Guarantor Contracts ■ Purchase and sale obligations and Commitment Amounts for Fixed-Rate Guarantor Contracts (a) Offer procedures for Fixed-Rate Guarantor Contracts (i) Settlement Date and Settlement Cycle The Seller may take out one or more Fixed-Rate Guarantor Contracts each Business Day. When taking out a Fixed-Rate Guarantor Contract, the information that the Seller must provide includes, but is not limited to, the Settlement Date and the Settlement Cycle. The Seller must select a Settlement Date that is a Business Day on or before the latest Settlement Date associated with the applicable Pricing Identifier (i.e., the Pricing Identifier Expiration Date). The Seller must select a 2-, 3-, 4- or 5-day Settlement Cycle, or, for early pool disclosure, the Seller must select a 6- to 15-day Settlement Cycle. (ii) Changes to Settlement Date The Seller may change the Settlement Date as follows: ■ If the Settlement Cycle has not commenced, the Seller may change the Settlement Date to a Business Day in the same month or another month provided that the new Settlement Date is on or before the latest Settlement Date associated with the applicable Pricing Identifier. It is also possible to change the Final Delivery Date. ■ If the Settlement Cycle has commenced, the Seller may change the Settlement Date to a later Business Day in the same month provided that the new Settlement Date is on or before the latest Settlement Date associated with the applicable Pricing Identifier. The Final Delivery Date cannot change. For Sellers that have selected a 6- to 15-day Settlement Cycle: ■ Mortgage(s) may be removed from the early pool disclosure contract due to the Mortgage(s) being paid if the Settlement Cycle has commenced and the removal occurs 48 hours prior to the Settlement Date ■ Sellers must still meet the Swap Disclosure and Pooling requirements of Chapter 6202 if any Mortgages are removed ■ To submit a request for a Mortgage to be removed, Sellers should contact Customer Service at 800-FREDDIE See Section 6202.3 for minimum pool amount requirements for UMBS® and MBS. (iii) Gold Rush fee If the Seller selects a 2-, 3- or 4-day Settlement Cycle, the Seller will be assessed a Gold Rush® fee, to be paid in accordance with Section 6303.2(a). Gold Rush fee rates are: ■ Expressed in basis points ■ Applied to the aggregate UPB of the Mortgages allocated to a Fixed-Rate Guarantor Contract funded by Freddie Mac on the requested Settlement Date ■ Subject to change on a monthly basis ■ Available through Loan Selling Advisor® on the Guarantor Rate Sheet results screen under the Credit Fees section (iv) Delivery/contract cancelation Delivery under a Fixed-Rate Guarantor Contract is optional. The Seller may cancel a Fixed-Rate Guarantor Contract in Loan Selling Advisor until 8:00 p.m. Eastern time on the Business Day immediately preceding the Settlement Date. (b) Purchase and sale obligations and Commitment Amounts for Fixed-Rate Guarantor Contracts (i) Purchase and sale obligations The Seller makes an offer to sell Mortgages to Freddie Mac when the Seller enters the required data into Loan Selling Advisor to take out a Fixed-Rate Guarantor Contract. A binding contract is created when the Seller accepts the Fixed-Rate Guarantor Contract’s terms and conditions made available to the Seller by Freddie Mac. (ii) Commitment Amounts The Seller must monitor the aggregate UPB of all Mortgages the Seller delivers to Freddie Mac under Pricing Identifier Terms to ensure that the Commitment Amount tolerance is not exceeded.

Source: Freddie Mac Single-Family Seller/Servicer Guide 6203.2 — Fixed-Rate Guarantor Contract requirements · source URL · snapshot 4c94f67729042dd6