Freddie Mac Single-Family Seller/Servicer Guide 7101.3 — Transfers of Servicing, reporting requirements and Liabilities of the Transferor and Transferee Servicers

This section contains requirements related to: ■ Loan-level reporting ■ Accounting reporting and drafting ■ General rules for allocation of liabilities between the Transferor Servicer and Transferee Servicer ■ Special rules for allocation of liabilities ■ Hold Freddie Mac harmless ■ Transferee Servicer Responsibilities to Servicing Mortgages

(a) Loan-level reporting The Transferor Servicer must report to Freddie Mac all loan-level transactions, including payoffs and reporting revisions for the Accounting Cycle prior to the month in which the Effective Date of Transfer occurs. (For example, for Transfers of Servicing effective February 1st, the Transferor Servicer will submit all loan-level transactions before the close of business on January 31st and clear outstanding edits no later than January 31st plus one Business Day.) Beginning on the Effective Date of Transfer, the Transferee Servicer must submit all loanlevel reporting, whether required to be submitted electronically or by paper copy, in the name and Seller/Servicer number of the Transferee Servicer.

(b) Accounting reporting and drafting All accounting reporting due to Freddie Mac must be submitted in accordance with the reporting and drafting requirements in Section 8303.1(c). All of the following must be reported by and will be drafted from the Transferor Servicer: ■ Payoffs for which the payoff date is before the Effective Date of Transfer ■ Third-party foreclosure sales for which the sale date is before the Effective Date of Transfer ■ Forecasted scheduled interest reported in the month before the Effective Date of Transfer that is due to Freddie Mac in the month of the transfer ■ Principal reported in the Accounting Cycle immediately preceding the Effective Date of Transfer (e.g., principal reported between the P&I Determination Date and the end of the Accounting Cycle of the month immediately preceding the Transfer of Servicing) Freddie Mac will draft the applicable amounts from the Transferor Servicer. All of the following must be reported by and will be drafted from the Transferee Servicer: ■ Payoffs for which the payoff date is on or after the Effective Date of Transfer ■ Third-party foreclosure sales for which the sale date is on or after the Effective Date of Transfer ■ Principal and interest reported on or after the Effective Date of Transfer Freddie Mac will draft the applicable amounts from the Transferee Servicer.

(c) General rules for allocation of liabilities between the Transferor Servicer and Transferee Servicer (i) Transferee Servicer assumption of all obligations Except as stated in the following paragraph, for Transfer of Servicing requests received by Freddie Mac, the Transferee Servicer, by executing Form 960, Agreement for Concurrent Transfer of Servicing of Single-Family Mortgages, or by electronically signing the Agreement for Subsequent Transfer of Servicing of Single-Family Mortgages (“STOS Agreement”) in Freddie Mac Servicing Transfer Manager (see Exhibit 88, Servicing Tools), is liable to Freddie Mac for all Seller and any prior Servicer’s duties, obligations, responsibilities, representations, covenants, warranties, agreements and related liabilities in the Purchase Documents with respect to the Mortgages related to the Transfer of Servicing, whether or not the Transferor Servicer had such liability. (ii) Transferor Servicer and Transferee Servicer joint and several liability The Transferee Servicer’s assumption of such rights, duties, obligations, responsibilities, representations, covenants, warranties, agreements and related liabilities upon the Effective Date of Transfer does not release the Transferor Servicer, any prior Servicer, or the original Seller of their duties, obligations, responsibilities, representations, covenants, warranties, agreements and related liabilities with respect to the Mortgages and REO related to the Transfer of Servicing, all such parties’ liability being joint and several with the Transferee Servicer. (iii)Transferor Servicer not liable for Transferee Servicer’s Servicing violations However, a Transferor Servicer does not assume such liability for Servicing violations occurring in all respects on or after the Effective Date of Transfer and based solely and directly upon the actions or omissions of later Transferee Servicers.

(d) Special rules for allocation of liabilities (i) Mortgages sold through bifurcated Servicing-released programs, Cash-Released XChange® and Co-Issue XChange® that are related to a Concurrent Transfer of Servicing with complete bifurcation For Mortgages sold through Cash-Released XChange and Co-Issue XChange, the Seller remains solely liable to Freddie Mac for all sale representations, covenants and warranties in the Purchase Documents (sale representations and warranties) with respect to the Mortgages related to the Transfer of Servicing. The Transferee Servicer is liable to Freddie Mac for all Servicing duties, obligations, responsibilities, representations, covenants, warranties, agreements and related liabilities in the Purchase Documents with respect to the Mortgages related to the Transfer of Servicing. For subsequent Transfers of Servicing of such Mortgages: ■ The Seller Transferor remains solely liable to Freddie Mac for all sale representations and warranties with respect to the Mortgages related to the Transfer of Servicing; however, a subsequent Transferee Servicer may assume such liabilities in written agreement with Freddie Mac; and ■ The subsequent Transferee Servicer is liable to Freddie Mac for all Servicing duties, obligations, responsibilities, representations, covenants, warranties, agreements and related liabilities in the Purchase Documents with respect to the Mortgages and REO related to the Transfer of Servicing, but the Transferee Servicer’s assumption of these duties, obligations, responsibilities, representations, covenants, warranties, agreements and related liabilities upon the Effective Date of Transfer does not release the subsequent Transferor Servicer or any prior Servicer of their duties, obligations, responsibilities, representations, covenants, warranties, agreements and related liabilities with respect to the Mortgages related to the Transfer of Servicing, their liability being joint and several with the Transferee Servicer. However, a Transferor Servicer does not assume such liability for Servicing violations committed by the Transferee Servicer or any subsequent Transferee Servicer occurring in all respects after the Effective Date of Transfer and based solely and directly upon the actions or omissions of later Transferee Servicers. (ii) Mortgages sold through Correspondent XChange® For Operational Bifurcated Mortgages sold through Correspondent XChange, in accordance with Exhibit 29, Correspondent XChange® Operational Bifurcation MultiParty Agreement, the Originator (as defined in Exhibit 29) is liable to Freddie Mac for all Origination and Sale Obligations (as defined in Exhibit 29) with respect to the Operational Bifurcated Mortgages related to the Transfer of Servicing. If Freddie Mac suspends or terminates the Originator’s status as an approved Seller/Servicer, or if certain other events occur as described in the Correspondent XChange Operational Bifurcation Multi-Party Agreement, the Seller of the Operational Bifurcated Mortgages to Freddie Mac will be liable for the Origination and Sale Obligations. The Transferee Servicer (the Seller of the Operational Bifurcated Mortgages to Freddie Mac) is liable to Freddie Mac for all Servicing Obligations (as defined in Exhibit 29) for the Operational Bifurcated Mortgages related to the Transfer of Servicing. For Subsequent Transfers of Servicing of the Operational Bifurcated Mortgages: ■ The Originator remains liable to Freddie Mac for all Origination and Sale Obligations with respect to the Operational Bifurcated Mortgages related to the Transfer of Servicing; and ■ The subsequent Transferee Servicer is liable to Freddie Mac for all Servicing Obligations in the Purchase Documents with respect to the Operational Bifurcated Mortgages Note: See Exhibit 29 for additional information and requirements applicable to a Subsequent Transfer of Servicing Contract Rights for Mortgages sold to Freddie Mac through Correspondent XChange.

(e) Hold Freddie Mac harmless The Transferor Servicer and the Transferee Servicer, jointly and severally, fully indemnify and agree to hold Freddie Mac, its successors and assigns harmless from and against any and all losses, claims, demands, actions, suits, damages, costs and expenses (including reasonable attorney fees) of every nature and character that may arise or be made against or be incurred by Freddie Mac as a result of the Transferor Servicer’s or the Transferee Servicer’s failure to comply with applicable law or failure to comply with Freddie Mac’s Servicing requirements as set forth in the Purchase Documents, including, but not limited to: ■ Failure to provide the notices required by Section 7101.7(b) ■ Failure to make any payment to the appropriate parties for which Escrow is collected and ■ Failure to credit properly any payments received from Borrowers

(f) Transferee Servicer responsibilities to servicing Mortgages By executing Form 960 or electronically signing the STOS Agreement, or agreeing to Exhibit 26, Agreement for Concurrent Transfer of Single-Family Mortgage Servicing Contract Rights With Complete/Full Bifurcation, the Transferee Servicer agrees to service the Mortgages related to the Transfer of Servicing (e.g., such as those set forth in the Final Mortgage List (as defined in Section 7101.1(b)(ii)(A)) in Servicing Transfer Manager) in accordance with the terms of the Servicing Contract and assumes all Servicing obligations under the Transferor Servicer’s Servicing Contract related to such Mortgages.