Freddie Mac Single-Family Seller/Servicer Guide 6302.21 — Special delivery requirements for Mortgages with mortgage insurance
Freddie Mac Single-Family Seller/Servicer Guide section 6302.21 — Special delivery requirements for Mortgages with mortgage insurance. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 6302.21 — Special delivery requirements for Mortgages with mortgage insurance — 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 6302.21 — Special delivery requirements for Mortgages with mortgage insurance
■ General requirements ■ Data delivery instructions (a) General requirements See Section 4701.1 for general mortgage insurance requirements. (b) Data delivery instructions (i) Mortgages with mortgage insurance For conventional Mortgages with mortgage insurance, the Seller must deliver the following ULDD Data Points: Data Required for Mortgages with Mortgage Insurance Sort ID ULDD Data Point Valid Value Notes LOAN – Current → Mortgage Insurance Details 413/414 MI Company Name Type/ MI Company Name Type Other Description (In Loan Selling Advisor®, this appears as “MI Company Name Type.”) ▪ Essent ▪ MGIC ▪ Radian ▪ UGI ▪ Other – ArchMI ▪ Other – Enact ▪ Other – MIF ▪ Other – NMI Enter a valid insurer from Exhibit 10, Freddie MacApproved Mortgage Insurers. 412 MI Certificate Identifier Enter a value between five and 10 characters, as defined in Exhibit 10. 416 MI Coverage Percent See Section 4701.1 for required coverage levels. 423 MI Premium Financed Indicator ▪ false ▪ true Enter “false” unless the mortgage insurance premium is included as part of the principal amount of the Mortgage. 426/427 MI Premium Source Type/MI Premium Source Type Other Description (In Loan Selling Advisor, this appears as “MI Premium Source Type”) ▪ Borrower ▪ Lender ▪ Other – Investor ▪ Enter the source (“Borrower” or “Lender”) of the payment of the premium(s) ▪ If the premiums are paid both monthly and upfront, enter the source of the monthly premium payment only ▪ Enter “Investor” if permitted by Seller’s negotiated term 430.1 MI Interest Rate Adjustment Percent Enter the ongoing monthly amount expressed as a percent. 430.2 MI Premium Plan Type ▪ Annual ▪ Monthly Enter “Single” for any single premium payment plan. Data Required for Mortgages with Mortgage Insurance Sort ID ULDD Data Point Valid Value Notes ▪ Single ▪ Split (ii) Mortgages with financed mortgage insurance premiums See Section 4701.2(a) for special eligibility requirements for Mortgages with financed mortgage insurance premiums. For conventional Mortgages with financed mortgage insurance, the Seller must deliver the following ULDD Data Points: Data Required for Mortgages with Financed Mortgage Insurance Premiums Sort ID ULDD Data Point Valid Value Notes LOAN – Current → Mortgage Insurance Details 423 MI Premium Financed Indicator true 422 MI Premium Financed Amount Enter the dollar amount of the single payment premium. (iii) Mortgages with lender-paid mortgage insurance See Section 4701.2(b) for special eligibility requirements for Mortgages with lender-paid mortgage insurance. For conventional Mortgages with lender-paid mortgage insurance, the Seller must deliver the following ULDD Data Points: Data Required for Mortgages with Lender-Paid Mortgage Insurance Sort ID ULDD Data Point Valid Value Notes LOAN – Current → Mortgage Insurance Details 426 MI Premium Source Type Lender 368 Investor Feature Identifier 019 Enter this value for Mortgages with lender-paid mortgage insurance. (iv) Mortgages without mortgage insurance For conventional Mortgages without mortgage insurance, the Seller must deliver the following ULDD Data Points: Data Required for Mortgages without Mortgage Insurance Sort ID ULDD Data Point Valid Value Notes LOAN – Current → Mortgage Insurance Details 429/430 Primary MI Absence Reason Type/ Primary MI Absence Reason Type Other Description (In Loan Selling Advisor, this appears as “Primary MI Absence Reason Type.”) ▪ MI Canceled Based On Current LTV ▪ No MI Based On Original LTV ▪ Other - Indemnification In Lieu Of MI ▪ Other - Recourse In Lieu Of MI Enter “No MI Based On Original LTV” if the loan-tovalue (LTV) ratio is less than or equal to 80%.
Operationalizing Freddie Mac Single-Family Seller/Servicer Guide 6302.21 — Special delivery requirements for Mortgages with mortgage insurance
This is verbatim, source-snapshotted regulator text from the Claude for Compliance open corpus. To turn a rule like this into compliance work product: gap-analyze your policies and procedures (P&Ps) against these requirements to surface stale, conflicting, or missing provisions; operationalize any change with a ready-to-run update kit; and produce audit-ready evidence — every step grounded only in the regulator’s own words, never invented.
To work from the whole rulebook rather than this one page: download the corpus — every register on this site, verbatim, each with its source snapshot and effective date — then follow the methodology. It asks your assistant to answer only from the downloaded text, cite the register id and effective date it used, and tell you when the corpus does not cover something instead of filling the gap from memory. Running it locally also means no one sees which regulations you are looking at.
Source of record: https://claudeforcompliance.com/regs/fhlmc-6302-21/
· register fhlmc-6302-21 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.