Freddie Mac Single-Family Seller/Servicer Guide 6305.2 — Delivery and general procedures for Pledged Mortgages
Freddie Mac Single-Family Seller/Servicer Guide section 6305.2 — Delivery and general procedures for Pledged Mortgages. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 6305.2 — Delivery and general procedures for Pledged Mortgages — 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 6305.2 — Delivery and general procedures for Pledged Mortgages
This section contains requirements related to: ■ Delivery and acceptance of Pledged Mortgages ■ Delivery procedures for Pledged Mortgages ■ Rejection of Pledged Mortgages (a) Delivery and acceptance of Pledged Mortgages If the requirements of this chapter have been met, and until Freddie Mac purchases a Pledged Mortgage, the Document Custodian will hold the Note and any ancillary documents for that Pledged Mortgage subject to the interest of the Warehouse Lender created under the Warehouse Agreement unless Freddie Mac specifically agrees otherwise in writing. Freddie Mac does not recognize any other statements or conditions regarding its receipt of these documents, including: ■ Trust receipts, ■ Bailee letters, or ■ Other purported statement of a continuing security or other interest (b) Delivery procedures for Pledged Mortgages For delivery under a Purchase Contract, the Seller must submit Form 996E, Warehouse Provider Release and Transfer, which includes an Appendix I showing the following: ■ Each Mortgage in the delivery, ■ The Freddie Mac contract number, ■ Freddie Mac loan number, ■ UPB, ■ Borrower’s name, and ■ The address of the Mortgaged Premises Freddie Mac may, in its sole discretion, require the Seller, Warehouse Lender and, in certain circumstances, Document Custodian to enter into an addendum to the Form 996E (such addendum sometimes referred to as a “Quad Party Agreement”). (c) Rejection of Pledged Mortgages If Freddie Mac decides not to purchase a Pledged Mortgage, the Seller will be notified of such decision, and the Note for that Pledged Mortgage will be delivered to the Warehouse Lender indicated on Form 996E or to that Warehouse Lender’s document custodian.
Operationalizing Freddie Mac Single-Family Seller/Servicer Guide 6305.2 — Delivery and general procedures for Pledged Mortgages
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-6305-2/
· register fhlmc-6305-2 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.