Freddie Mac Single-Family Seller/Servicer Guide 6302.27 — Special delivery requirements for Seller- Owned Modified Mortgages

Freddie Mac Single-Family Seller/Servicer Guide 6302.27 — Special delivery requirements for Seller- Owned Modified Mortgages

Effective 2025-10-01 · Freddie Mac's stamp for this section

■ General requirements ■ Data delivery instructions (a) General requirements See Chapter 4402 for special eligibility requirements for Seller-Owned Modified Mortgages. (b) Data delivery instructions For Seller-Owned Modified Mortgages, the Seller must deliver all required loan data for the original loan that was modified, as well as the ULDD Data Points for the modified Mortgage. (i) Seller-Owned Modified Mortgages For Seller-Owned Modified Mortgages, the Seller must deliver the following ULDD Data Points: Data Required for Seller-Owned Modified Mortgages Sort ID ULDD Data Point Valid Value Notes LOAN – Modification 252 Loan State Date1 Enter the effective date of the modification agreement. 253 Loan State Type1, 2 At Modification → Modification Details 259 Loan Modification Effective Date2 Enter the effective date of the modification agreement. → Product Details 313 Lien Priority Type Not required for SellerOwned Modified Mortgages. → Note Details 320 Note Date Not required for SellerOwned Modified Mortgages. Data Required for Seller-Owned Modified Mortgages Sort ID ULDD Data Point Valid Value Notes →Streamlined Loan Details 222 Related Loan Investor Type Seller Enter “Seller” for SellerOwned Modified Mortgages. LOAN – Current → Product Details →→Modification Details 397 Mortgage Modification Indicator true 1 This data point name does not appear as a Loan Selling Advisor® input field, but instead is reflected in a screen heading or section. 2 This data point must be populated to save the file in Loan Selling Advisor. (ii) Original loan that was modified For Seller-Owned Modified Mortgages, with respect to the original loan that was modified, the Seller must deliver the following ULDD Data Points: Original Loan Data Required for Seller-Owned Modified Mortgages Sort ID ULDD Data Point Valid Value Notes LOAN – Closing (Origination information for the loan prior to modification) 332 Loan Role Type1 Subject Loan Enter “Subject Loan” to indicate that the loan data applies to the Mortgage being delivered to Freddie Mac. 338 Loan State Date1 Enter the original Note Date of the modified Mortgage. 339 Loan State Type1 At Closing Enter “At Closing” to indicate that the associated loan data is accurate as of the Note Date. → Product Details 345 Lien Priority Type First Lien Enter the original lien priority of the Mortgage prior to modification. 347 Mortgage Type Conventional Enter the original mortgage type of the Mortgage prior to modification. 335 Interest Calculation Type Simple Enter the interest calculation type specified on the original Note prior to modification. Original Loan Data Required for Seller-Owned Modified Mortgages Sort ID ULDD Data Point Valid Value Notes 342 Payment Frequency Type Monthly Enter the payment frequency on the original Note prior to the modification. 337 Balloon Indicator false Enter “false” unless the original Mortgage had a balloon feature prior to modification. 333 Loan Amortization Type ▪ Adjustable Rate ▪ Fixed Enter the amortization type of the original Mortgage prior to modification. →Interest Only Details 337.2 Interest Only Indicator false → Note Details 350 Note Date Enter the original Note Date. 349 Note Amount Enter the original Note amount of the loan prior to modification. 351 Note Rate Percent Enter the interest rate as indicated on the original Note. 344 Scheduled First Payment Date Enter the first payment date as stated on the Note prior to the modification. 340 Loan Maturity Date Enter the maturity date on the original Note prior to modification. 1 This data point name does not appear as a Loan Selling Advisor input field, but instead is reflected in a screen heading or section. (iii) Original ARM that was modified For Seller-Owned Modified Mortgages, with respect to the original ARM that was modified, the Seller must deliver the following ULDD Data Points: Original ARM Data Required for Seller-Owned Modified Mortgages Sort ID ULDD Data Point Valid Value Notes LOAN – Closing (Origination information for the loan prior to modification) → ARM Details 337.1 Initial Fixed Period Effective Months Count Enter the number of months for which the interest rate is fixed before the initial interest rate adjustment for Original ARM Data Required for Seller-Owned Modified Mortgages Sort ID ULDD Data Point Valid Value Notes the original Mortgage prior to modification. →→First Adjustment 332.1 Adjustment Rule Type1 First Enter “First” to indicate that the associated data relates to the initial adjustment structure and caps of the original Mortgage prior to modification. 332.2 Per Change Rate Adjustment Frequency Months Count Enter the number of months between the initial rate adjustment and the second rate adjustment for the original Mortgage prior to modification. →→Subsequent Adjustment 332.1 Adjustment Rule Type1 Subsequent Enter “Subsequent” to indicate that the associated data relates to the periodic adjustment structure and caps of the original Mortgage prior to modification. 332.2 Per Change Rate Adjustment Frequency Months Count Enter the number of months between the second rate adjustment and the third rate adjustment for the original Mortgage prior to modification. 1 This data point name does not appear as a Loan Selling Advisor input field, but instead is reflected in a screen heading or section.

Source: Freddie Mac Single-Family Seller/Servicer Guide 6302.27 — Special delivery requirements for Seller- Owned Modified Mortgages · source URL · snapshot 4c94f67729042dd6