Freddie Mac Single-Family Seller/Servicer Guide Section 6401.1 — Pairoff

Freddie Mac Single-Family Seller/Servicer Guide Section 6401.1 — Pairoff

6401.1: Pairoff (11/05/25) This section contains requirements related to: ■ Pairoff overview ■ Pairoff procedures for Cash, Guarantor and MultiLender Swap Purchase Contracts ■ Pairoff procedures for Commitment Amounts ■ Payment of pairoff fees (a) Pairoff overview A pairoff constitutes fulfillment of a mandatory obligation to deliver Mortgages to Freddie Mac under the Cash, Guarantor or MultiLender Swap programs. The Seller may pair off a cash Purchase Contract or a mandatory obligation to deliver Mortgages under a Pricing Identifier by repurchasing all or any portion of the respective contract in lieu of selling the Mortgages to Freddie Mac. Failure to deliver Mortgages pursuant to the terms of the respective contract or to otherwise fulfill a mandatory obligation to deliver Mortgages to Freddie Mac according to the requirements of this section subjects the Seller to the remedies for nondelivery provided in the Guide. Note: Best Efforts Contracts are not mandatory, and pairoff requirements do not apply. See Section 6101.2(b) for additional requirements applicable to Best Efforts Contracts. (b) Pairoff procedures for Cash, Guarantor and MultiLender Swap Purchase Contracts The pairoff amount for a Purchase Contract with a mandatory obligation to deliver Mortgages is equal to the Commitment Amount of such Purchase Contract, less the following: ■ The applicable purchase tolerance (equal to the greater of 2.5% of the Purchase Contract amount or $10,000), and ■ The number of Mortgages previously purchased by Freddie Mac under the applicable Purchase Contract The Seller may choose to: Freddie Mac Single-Family Seller/Servicer Guide Chapter 6401 As of 11/05/25 Page 6401-2 ■ Request a pairoff via Loan Selling Advisor® prior to the Purchase Contract Expiration Date using the pairoff functionality as described in Section 6101.2(a)(iv) ■ Have Loan Selling Advisor automatically calculate the pairoff fee after the Purchase Contract Expiration Date The pairoff process is “two-way” and, depending on market conditions, may result in either: ■ A fee due to Freddie Mac from the Seller; or ■ A fee due to the Seller from Freddie Mac Pairoff fees calculated and provided by Loan Selling Advisor are non-negotiable. (c) Pairoff procedures for Commitment Amounts The Seller may pair off a Commitment Amount associated with a Pricing Identifier that has a mandatory obligation to deliver Mortgages at any time before and including the Pricing Identifier Expiration Date. The Seller makes a pairoff request by contacting its Freddie Mac account manager. The pairoff amount shall equal the applicable Commitment Amount, less the following: ■ The purchase tolerance associated with the Pricing Identifier, and ■ The Commitment Amount of any Cash Purchase Contracts fulfilled under the Pricing Identifier plus the UPB of Mortgages previously purchased by Freddie Mac under Guarantor or MultiLender Swap Purchase Contracts taken out in connection with the Pricing Identifier Freddie Mac will determine the amount of the pairoff fee and quote it to the Seller. Pairoff fees will be included in the Seller’s invoice and must be paid as set forth in Section 6303.2(a). (d) Payment of pairoff fees Pairoff fees will be included in the Seller’s monthly invoice and must be paid as set forth in Chapter 6303. Freddie Mac reserves the right to amend the provisions of this section relating to the Loan Selling Advisor pairoff process without prior notice.

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