Freddie Mac Single-Family Seller/Servicer Guide 6302.16 — Special delivery requirements for refinance Mortgages
Freddie Mac Single-Family Seller/Servicer Guide section 6302.16 — Special delivery requirements for refinance Mortgages. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 6302.16 — Special delivery requirements for refinance 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 6302.16 — Special delivery requirements for refinance Mortgages
■ General requirements ■ Data delivery instructions (a) General requirements See Chapter 4301 for special eligibility requirements for refinance Mortgages. (b) Data delivery instructions See Section 6302.40 for delivery requirements for Freddie Mac Enhanced Relief Refinance Mortgages®. (i) All refinance Mortgages For refinance Mortgages, the Seller must deliver the following ULDD Data Points: Data Required for Refinance Mortgages Sort ID ULDD Data Point Valid Value Notes LOAN – At Closing → Loan Details 315 Loan Purpose Type Refinance 195 Purchase Price Amount Not required for Refinances. 294 Refinance Cash Out Determination Type ▪ Cash Out ▪ No Cash Out 293 Refinance Cash Out Amount Required for cash-out refinance Mortgages. Enter the Note Amount (Sort ID 319) minus the following amounts paid with the proceeds of the refinanced Mortgage: ▪ Existing first lien (including prepayment penalty) ▪ The amount paid on any subordinate liens secured by the Mortgaged Premises that were used in their entirety to purchase the subject property ▪ Closing Costs ▪ The outstanding balance of a land contract or contract for deed (see Section 4404.1) ▪ A Property Assessed Clean Energy (PACE) or PACE-like obligation (see Section 4301.8) ▪ For GreenCHOICE Mortgages®, the eligible improvements (see Sections 4606.1(b) and 4606.3) ▪ For CHOICERenovation® Mortgages, the eligible renovations (see Sections 4607.6 and 4607.7(c)) (ii) Refinance Mortgages with special characteristics For refinance Mortgages with the indicated characteristics, the Seller must deliver the following ULDD Data Points: Data Required for Refinance Mortgages with Special Characteristics Sort ID ULDD Data Point Valid Value Notes LOAN – At Closing → Loan Details Enter if the Mortgage is a special purpose cash-out refinance Mortgage when cash was used by an owner to buy out the equity of a coowner. 294 Refinance Cash Out Determination Type Cash Out LOAN – Current → Product Details 368 Investor Feature Identifier 203 LOAN – At Closing Enter if the Mortgage is a Freddie Mac-owned “no cash-out” refinance Condominium Unit Mortgage (Section 5701.7) or a Freddie Mac-owned “no cash-out” refinance Cooperative Share Loan (Section 5705.7). If available, enter ULDD Data Point Related Investor Loan Identifier (Sort ID 221). This is the 9-digit Freddie Mac-supplied number assigned to the original Mortgage by the Seller when the Mortgage was initially sold to Freddie Mac. →Loan Details 294 Refinance Cash Out Determination Type No Cash Out →Streamlined Loan Details 222 Related Loan Investor Type FRE 221 Related Investor Loan Identifier <Associated FRE Loan #> LOAN – At Closing Enter if the HomeOne® Mortgage is a “no cash-out” refinance Mortgage. See Chapter 4605 for special eligibility requirements for HomeOne Mortgages. If available, enter ULDD Data Point Related Investor Loan Identifier (Sort ID →Loan Details 294 Refinance Cash Out Determination Type No Cash Out →Streamlined Loan Details 222 Related Loan Investor Type FRE Data Required for Refinance Mortgages with Special Characteristics Sort ID ULDD Data Point Valid Value Notes 221 Related Investor Loan Identifier <Associated FRE Loan #> 221). This is the 9-digit Freddie Mac-supplied number assigned to the original Mortgage by the Seller when the Mortgage was initially sold to Freddie Mac. LOAN – At Closing → Loan Details Enter if the Mortgage is a Freddie Mac-owned “no cash-out” refinance Mortgage and a PACE obligation is paid off with the Mortgage proceeds. 294 Refinance Cash Out Determination Type No Cash Out LOAN – Current → Product Details 368 Investor Feature Identifier H61 LOAN – Current → Product Details 451 Refinance Program Identifier Texas Equity Enter if the Mortgage is a Texas Equity Section 50(a)(6) Mortgage.
Operationalizing Freddie Mac Single-Family Seller/Servicer Guide 6302.16 — Special delivery requirements for refinance Mortgages
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Source of record: https://claudeforcompliance.com/regs/fhlmc-6302-16/
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