Freddie Mac Single-Family Seller/Servicer Guide 6302.7 — Loan data required for ARMs

Freddie Mac Single-Family Seller/Servicer Guide 6302.7 — Loan data required for ARMs

Effective 2026-05-04 · Freddie Mac's stamp for this section

■ General requirements ■ Data delivery instructions ■ Delivery programs ■ Additional requirements for WAC ARM Guarantor Contracts ■ Pooling requirements for WAC ARM PCs (a) General requirements Refer to Chapter 4401 for special eligibility requirements for ARMs. Refer to Exhibit 17S, Available Mortgage Products, for more information about eligibility requirements for ARM products sold under ARM Cash and the WAC ARM Guarantor program. (b) Data delivery instructions For ARMs, the Seller must deliver the following ULDD Data Points: Loan Data Required for ARMs Sort ID ULDD Data Point Valid Value Notes LOAN – Closing1 → Product Details 138 Loan Amortization Type3 Adjustable Rate Enter “Adjustable Rate” for an ARM. → Note Details 321 Note Rate Percent 272 Scheduled First Payment Due Date Must occur on the first day of the month. → ARM Details 236 Initial Fixed Period Effective Months Count The related Glossary term is Initial Period. 115 First Rate Change Payment Effective Date Must occur on the first day of the month following each Interest Change Date. The related Glossary term is Payment Change Date. 110/111 Index Source Type/Index Source Type Other Description (In Loan Selling Advisor® this appears as “Index Source Type”) ▪ Other – 30-day Average SOFR Enter “30DayAverageSOFR” for SOFR-indexed ARMs. 312 Disclosed Index Rate Percent Enter the value of the index (Sort ID 110 – “Index Source Type”) used to generate the Settlement/Closing Disclosure Statement. Enter the value of the index used to calculate the initial Note Rate for an ARM (not taking into account any discounts or premiums). This is the value of the index in effect the day the Settlement/Closing Disclosure Statement provided to the Borrower was prepared. 113 Interest And Payment Adjustment Index Lead Days Count 45 Enter the number of days preceding the “Per Change Rate Adjustment Loan Data Required for ARMs Sort ID ULDD Data Point Valid Value Notes Effective Date” (Interest Change Date). The related Glossary term is Lookback Period. 119 Margin Rate Percent The related Glossary term is Margin. 114 Ceiling Rate Percent Enter the sum of the Note Rate at origination plus the Life Cap. The related Glossary term is Lifetime Ceiling. 116 Floor Rate Percent If a Lifetime Floor is stated in the Note, the Seller is encouraged to deliver this ULDD Data Point. The Lifetime Floor must equal the Margin. For ARMs with Note Dates on or after October 1, 2016, if the Seller does not deliver this ULDD Data Point Freddie Mac will populate this ULDD Data Point with the Margin that the Seller delivers in the ULDD Data Point Margin Rate Percent (Sort ID 119). The related Glossary term is Lifetime Floor. 118 Interest Rate Rounding Type Nearest Enter if interest rate rounding is specified in the Note. 117 Interest Rate Rounding Percent 0.125 The value for interest rate rounding is “0.125.” →→ First Adjustment 120 Adjustment Rule Type2 First Use to describe the initial adjustment structure and caps. 124 Per Change Rate Adjustment Frequency Months Count Enter the number of months between the initial rate adjustment and the second rate adjustment. Loan Data Required for ARMs Sort ID ULDD Data Point Valid Value Notes 123 Per Change Rate Adjustment Effective Date (In Loan Selling Advisor®, this appears as “First Rate Adjustment Effective Date.”) The related Glossary term is Interest Change Date. 122 Per Change Maximum Increase Rate Percent Enter the Initial Cap. 121 Per Change Maximum Decrease Rate Percent Enter the Initial Cap if it exists. →→Subsequent Adjustment 120 Adjustment Rule Type2 Subsequent Use to identify the periodic adjustment structure and caps. 124 Per Change Rate Adjustment Frequency Months Count Enter the number of months between the second rate adjustment and the third rate adjustment. 123 Per Change Rate Adjustment Effective Date (In Loan Selling Advisor, this appears as “Subsequent Rate Adjustment Effective Date.”) Enter the second (first periodic) Interest Change Date. 122 Per Change Maximum Increase Rate Percent Enter the Periodic Cap. 121 Per Change Maximum Decrease Rate Percent Enter the Periodic Cap if it exists. LOAN – Current → ARM Details 355 Next Rate Adjustment Effective Date Enter the next Interest Change Date occurring after the Mortgage is delivered to Freddie Mac. The related Glossary term is Interest Change Date. 436 Principal And Interest Payment Amount Enter the value as of the Funding Date. 395 Current Interest Rate Percent Enter the value as of the Funding Date. 1 For Construction to Permanent Mortgages or Renovation Mortgages, enter data in the “Modification” section of Loan Selling Advisor. 2 This data point name does not appear as a Loan Selling Advisor input field, but instead is reflected in a screen heading or section. 3 This data point must be populated to save the file in Loan Selling Advisor. (c) Delivery programs ARMs may be sold only under the following: ■ ARM Cash ■ WAC ARM Guarantor (d) Additional requirements for WAC ARM Guarantor Contracts Refer to Sections 6201.1(d) and 6204.1(a) for eligible ARM products that may be sold under the WAC ARM Guarantor program. Refer to Chapter 6201 for specific requirements for selling ARMs under the WAC ARM Guarantor program. (e) Pooling requirements for WAC ARM PCs Refer to Chapter 6202 for pooling requirements for ARMs under the WAC ARM Guarantor program.

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