Freddie Mac Single-Family Seller/Servicer Guide 6302.2 — Cash program delivery instructions

Freddie Mac Single-Family Seller/Servicer Guide 6302.2 — Cash program delivery instructions

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

■ General requirements ■ Purchase tolerance ■ Data delivery instructions (a) General requirements The Seller may deliver eligible fixed-rate Mortgages after taking out a Cash Contract, as described in Sections 6101.2(a) and 6101.2(b), or eligible ARMs after taking out an ARM Cash contract, as described in Section 6102.2(a). For Mortgages sold under the Cash program, a contract number (ULDD Data Point “Investor Contract Identifier”) will be available to a Seller immediately upon taking out a Cash Contract. Delivery is mandatory unless the contract is a Best Efforts Contract. See Section 6101.2(b) for additional information regarding Best Efforts Contracts. The Contract Commitment Amount specified on each Purchase Contract Confirmation must be at least $1,000. (b) Purchase tolerance The purchase tolerance for Mortgages delivered under the Cash program is equal to the Contract Commitment Amount specified in the cash Purchase Contract, plus or minus the greater of $10,000 or 2.5% of the Contract Commitment Amount specified in the cash Purchase Contract. See Section 6401.1 for pairoff instructions if the delivery does not meet the Contract Commitment Amount less the purchase tolerance. (c) Data delivery instructions (i) Mortgages delivered under the Cash program For Mortgages purchased by Freddie Mac under the Cash program, the Seller must deliver the following ULDD Data Points: Data Required for Mortgages Delivered under the Cash Program Sort ID ULDD Data Point Valid Value Notes LOAN – Current → Payment Details 385 Loan Acquisition Scheduled UPB Amount For fixed-rate Mortgages, enter the scheduled UPB of the Mortgage as of the Funding Date. For ARMs, enter either the scheduled or the actual UPB of the Mortgage as of the Funding Date. The scheduled UPB must include reductions for: ■ The principal due in the Funding Date month (even if not collected) and all prior months ■ The principal portion of any advanced (prepaid) installments received prior to the Funding Date ■ Any partial prepayments (curtailments) received on or before the Delivery Date 440 Last Paid Installment Due Date For newly originated Mortgages, enter the date through which interest is scheduled to be paid. For Mortgages for which there has been an advanced (prepaid) installment of interest, enter the date through which advanced (prepaid) installments of interest have been made. The related Glossary term is DDLPI. (ii) Mortgages with lender crediting the Borrower interest at closing For Mortgages with respect to which the lender credits a Borrower interest at closing in an amount equal to the interest due from the first day of the month through the day before the Note Date, the Borrower’s first monthly principal and interest payment is due the first day of the month immediately following the Mortgage closing. For such Mortgages, the Seller represents and warrants that the lender credited the Borrower with interest at closing, and the Seller must deliver the following ULDD Data Point: Data Required for Mortgages Sold under Cash when Lender Credits Borrower Interest at Closing Sort ID ULDD Data Point Valid Value Notes LOAN – Current → Payment Details 440 Last Paid Installment Due Date For fixed-rate Mortgages, enter the Note Date or the first day of the month of closing. For ARMs, enter the first day of the month of closing. The related Glossary term is DDLPI.

Source: Freddie Mac Single-Family Seller/Servicer Guide 6302.2 — Cash program delivery instructions · source URL · snapshot 4c94f67729042dd6