Freddie Mac Single-Family Seller/Servicer Guide 6302.3 — Guarantor program delivery instructions

Freddie Mac Single-Family Seller/Servicer Guide 6302.3 — Guarantor program delivery instructions

Effective 2026-08-12 · Freddie Mac's stamp for this section

■ Guarantor program requirements and instructions ■ Purchase tolerance ■ Data delivery instructions ■ Pooling requirements ■ Security wire instructions ■ Use of a Settlement Cycle of less than five days for Guarantor deliveries (a) Guarantor program requirements and instructions For Mortgages sold under the Guarantor program, a contract number (ULDD Data Point “Investor Contract Identifier”) will be made available to the Seller immediately upon taking out a Guarantor contract. In connection with each WAC ARM Guarantor Contract, the Seller must select the appropriate WAC ARM Security Product based on the characteristics of the ARMs. (b) Purchase tolerance For Guarantor contracts, any part of the Contract Commitment Amount specified in the Guarantor contract may be delivered, provided the minimum pool size is met. The Seller can increase a Guarantor contract amount up to the remaining balance of the Commitment Amount plus the applicable tolerance. (c) Data delivery instructions (i) Mortgages sold under the Guarantor program For Mortgages purchased by Freddie Mac under the Guarantor program, the Seller must deliver the following ULDD Data Points: Data Required for Mortgages Sold under the Guarantor Program Sort ID ULDD Data Point Valid Value Notes LOAN – Current → Payment Details 385 Loan Acquisition Scheduled UPB Amount The scheduled UPB must include reductions for: ■ The principal due in the month of settlement (even if not collected) and all prior months ■ The principal portion of any advanced (prepaid) installments received prior to the Settlement 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 Borrower interest at closing If a lender credits the 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 Guarantor 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 first day of the month of closing. For ARMs, enter the first day of the month of closing. The related Glossary term is DDLPI. (iii) ARMs with next Interest Change Dates in the month of settlement For ARMs, if the next Interest Change Date is during the month of settlement, the Seller must deliver the following ULDD Data Points as if the Interest Change Date had already occurred. For example, if the Seller delivers an annually adjusting ARM on February 27 for settlement on March 23, and the Interest Change Date is March 1, the Seller must enter the following values: ULDD Data Point Calculation Instructions Next Rate Adjustment Effective Date March 1 of the following year Per Change Rate Adjustment Effective Date For Adjustment Rule Type = “First” March 1 of the current year Current Interest Rate Percent The Note Rate in effect as of March 1 of the current year Principal And Interest Payment Amount The amount of the principal and interest (P&I) payment due as of March 1 of the current year (iv)ARMs past the first Interest Change Date ARMs that are past the first Interest Change Date may be delivered with ARMs that are not past the first Interest Change Date. (d) Pooling requirements Refer to Chapter 6202 for pooling requirements for fixed-rate Mortgages under the fixed-rate Guarantor or MultiLender Swap programs and for pooling requirements for ARMs under the WAC ARM Guarantor program. (e) Security wire instructions Security wire instructions are required for all pools. See Section 2201.1 for information regarding Certificate of Incumbency requirements. See Sections 6203.3(c) and 6204.3(c) for information about security wire instructions. See also Section 2403.2(b) for information regarding authorized Loan Selling Advisor® users and their designated user roles and completion and submission of required forms. (f) Use of a Settlement Cycle of less than five days for Guarantor deliveries For Mortgages delivered to Freddie Mac with a Settlement Cycle of less than five days, the Document Custodian must certify the Mortgages in Loan Selling Advisor by no later than 8:00 p.m. Eastern time on the Final Delivery Date to satisfy the requirements for completion of delivery set forth in Section 6301.4(a). Refer to Section 6301.4(a)(ii) for additional requirements.

Source: Freddie Mac Single-Family Seller/Servicer Guide 6302.3 — Guarantor program delivery instructions · source URL · snapshot 4c94f67729042dd6