Freddie Mac Single-Family Seller/Servicer Guide §8302.3 — Investor reporting and remitting (10/08/25)
Freddie Mac Guide §8302.3 (Investor reporting and remitting). Gap-fill (verbatim, ID-diff).
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide §8302.3 — Investor reporting and remitting (10/08/25) — 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 Guide 8302.3
This section contains requirements related to: ■ Transmitting and receiving investor accounting information ■ Pre-purchase activity ■ When Freddie Mac purchases a Mortgage ■ Setting up a Mortgage record ■ Purchase adjustments ■ Reporting and remitting on a newly funded Mortgage (a) Transmitting and receiving investor accounting information Freddie Mac requires the Servicer to submit all reports to Freddie Mac via one of Freddie Mac’s automated systems. The Servicer’s portfolio size and available technology will help determine which system or combination of systems the Servicer will need. Below are the methods the Servicer may use to transmit loan-level data to Freddie Mac or to receive certain information from Freddie Mac:
Freddie Mac Guide 8302.3
302-13 Methods available to transmit loan-level data to Freddie Mac Activity Media Transmit loan-level activity to Freddie Mac ■ Loan Level Reporting and Resolve® (available through Freddie Mac Gateway) (see Exhibit 88, Servicing Tools) ■ Internet-based transmission (GCS) ■ Other Freddie Mac-approved reporting method Receive transmission confirmations from Freddie Mac ■ Loan Level Reporting and Resolve ■ Internet-based transmission (GCS) Receive reports and communications from Freddie Mac ■ Loan Level Reporting and Resolve Receive purchase statements and funding detail reports ■ Loan Selling Advisor® Freddie Mac provides the Investor Reporting EDI Implementation Guide as an additional resource related to investor accounting. The Servicer may also visit Freddie Mac Learning at https://sf.freddiemac.com/tools- learning/freddie-mac-learning/overview to access training resources or call Customer Service at 800-FREDDIE. (b) Pre-purchase activity Refer to the following chapters for Freddie Mac’s Mortgage processing and purchase requirements: Freddie Mac’s Mortgage processing and purchase requirements Guide topic Guide location Fixed-rate Cash Chapter 6101 ARM Cash Chapter 6102
Freddie Mac Guide 8302.3
302-14 Documentation delivery Chapter 6301 Mortgage delivery instructions Chapter 6302 (c) When Freddie Mac purchases a Mortgage (i) Purchase of a Mortgage When Freddie Mac purchases a Mortgage, it will: 1. Make the following forms and data available via Loan Selling Advisor: ■ Form 15/A/C, Loan Purchase Statement ■ Funding Detail Report 2. Wire the Purchase Proceeds to the Seller for a cash Purchase Contract or issue a security (UMBS, MBS or WAC ARM PC) for Guarantor or MultiLender Swap programs (ii) Loan Purchase Statement Upon purchase, Freddie Mac will make available in Loan Selling Advisor Form 15/A/C, which will summarize the pertinent data. Form 15/A/C will include a computation of the amount to be funded to the Seller. Depending on the type of purchase, the Seller may access one of the following forms in Loan Selling Advisor: 1. Loan Purchase Statement for Cash Sales 2. Form 15A for fixed-rate Guarantor 3. Form 15C for WAC ARM Guarantor (iii) Funding Detail Report Freddie Mac will make available to the Seller/Servicer a Funding Detail Report via Loan Selling Advisor when Freddie Mac purchases a Mortgage or when the Servicer assumes the Servicing Contract and related Servicing Contract Rights related to one or more of Freddie Mac’s Mortgages through a Concurrent Transfer of Servicing. (See Chapter 7101 for information on Transfers of Servicing.) The Funding Detail Report contains all of the information the Servicer needs to set up and report a Mortgage (see Section 8302.3(d)). (iv) Wiring the Purchase Proceeds or issuing a UMBS, MBS, WAC or ARM PC
Freddie Mac Guide 8302.3
302-15 Freddie Mac will notify the Seller of Freddie Mac’s purchase and initiate a wire transfer to credit the Seller’s account on the Funding Date for Cash Purchase programs. See Section 2201.2 for additional information regarding establishing and maintaining wire transfer instructions for cash proceeds. For Guarantor or certain MultiLender Swaps, Freddie Mac will issue a UMBS, MBS or WAC ARM PC; for other MultiLender Swaps, Freddie Mac will issue a Super (see Section 6201.1 for more information). The Seller is responsible for verifying the receipt of funds. If the Seller finds that the wired funds are not credited to the account by the morning of the next Business Day, the Seller must contact Customer Service at 800-FREDDIE. The Servicer must not use the Freddie Mac Custodial Account to receive sales proceeds for Mortgages sold to Freddie Mac. (d) Setting up a Mortgage record The Seller/Servicer may access Form 15/A/C and the Funding Detail Report through Loan Selling Advisor. (Call Customer Service at 800-FREDDIE to request access to Loan Selling Advisor for this purpose.) The Servicer must verify the data on the Funding Detail Report to the Note, Mortgage record and Purchase Documents and take the following actions for each newly funded Mortgage, including those related to a Concurrent Transfer of Servicing. For Subsequent Transfers of Servicing, the Transferor Servicer must supply the loan-level data to the Transferee Servicer. Upon Freddie Mac’s purchase, prompt identification of the accounting records for Mortgages sold to Freddie Mac is essential for accurate reporting and remitting. The Servicer must: 1. Identify on its Servicing system Mortgages in which Freddie Mac has an ownership interest 2. Deposit any principal and interest and Escrow Funds to the Custodial Accounts 3. Maintain the Mortgage files in accordance with the requirements of Section 8101.4(c) and Chapter 3302 Note: The Freddie Mac Loan Level Reporting tool (see Exhibit 88, Servicing Tools) imports Mortgage files daily. If a Mortgage record is missing from the Freddie Mac Service Loans application, the Servicer should contact its investor reporting specialist or call Customer Service at 800-FREDDIE for assistance in setting up the Mortgage record. (e) Purchase adjustments When the information on the Funding Detail Report does not match the information on the Note or the Seller’s loan record, the Seller may request an adjustment to the amount Freddie Mac disbursed to purchase the Mortgage. The Seller must notify Freddie Mac in writing and include supporting documentation.
Freddie Mac Guide 8302.3
302-16 In most circumstances Freddie Mac will not adjust purchase balances after the Funding Date because Freddie Mac has pooled the Mortgages for resale as UMBS, MBS or WAC ARM PC. However, after Freddie Mac settles and before it pools the Mortgages, Freddie Mac may be able to adjust a purchase balance. (f) Reporting and remitting on a newly funded Mortgage The Mortgage balance and the timing of the Funding Date determine when the Servicer must report for the first time on a newly funded Mortgage. The Servicer must report on the newly funded Mortgage according to its Purchase Documents. When Freddie Mac purchases a Mortgage, Freddie Mac will pay the Seller interest on the funded principal balance at the net yield from the first of the month up to the Funding Date. The Servicer must ensure that it properly funds its Principal and Interest Custodial Account for this interest. The following table summarizes when the Servicer must report to Freddie Mac:
Freddie Mac Guide 8302.3
302-17 When the Servicer must report to Freddie Mac IF the Funding Date is... AND the balance at the end of the Accounting Cycle... THEN Freddie Mac’s reporting requirements are... AND Freddie Mac’s draft requirements are... In the current Accounting Cycle Is not different from the funded balance Report the forecasted scheduled interest for the next Accounting Cycle No funds are due. The forecasted scheduled interest will be drafted on the P&I Draft Date in the next Accounting Cycle. Is different from the funded balance The Servicer must report principal and forecasted scheduled interest based on the Ending UPB If reported before the P&I Determination Date, Freddie Mac will draft its share of the reported principal and zero interest on the P&I Draft Date in the current Accounting Cycle. If reported after the P&I Determination Date, Freddie Mac will draft its share of the reported principal and forecasted scheduled interest on the P&I Draft Date in the next Accounting Cycle.
Freddie Mac Guide 8302.3
Core concepts and Freddie Mac policies for reporting and drafting (12/17/25) This section contains requirements related to: ■ Definitions of terms specific to this chapter ■ Freddie Mac’s rights ■ Reporting and drafting ■ Freddie Mac drafting timelines ■ Availability of funds ■ Draft dates ■ Freddie Mac resources related to reporting and remittance (a) Definitions of terms specific to this chapter The following additional terms are used in this chapter. The terms are italicized here and when they are used in the chapter. Defined terms for Mortgage Servicing and reporting A Active Mortgage A current or delinquent Mortgage for which the Servicer reports and Freddie Mac drafts payments and payoffs. B Biweekly Mortgage A Mortgage that is originated and delivered to Freddie Mac with a biweekly payment schedule in which the Borrower makes a principal and interest payment every two weeks pursuant to either the terms of the Note, a rider or a separate agreement.
Freddie Mac Guide 8302.3
303-2 A Mortgage in which the Servicer and Borrower enter a biweekly payment plan in accordance with Section 8104.1(b) after the Mortgage has been sold to Freddie Mac is not considered a Biweekly Mortgage. C Compensating Interest For purposes of the requirements regarding Payoff Draft Date 18 Mortgages, “Compensating Interest” is interest due to Freddie Mac calculated by subtracting Exception Interest from Monthly Interest. The Servicer may not collect Compensating Interest from the Borrower. E Exception Interest Interest due to Freddie Mac calculated from the number of days from the first calendar day of the month up to, but not including, the exception date. The Exception Interest is calculated by multiplying the Ending UPB of the prior Accounting Cycle, multiplied by the Accounting Net Yield (ANY) divided by 365, multiplied by the number of days. Exception (or liquidation) activity Anything other than a regular monthly Principal and Interest Payment and partial prepayment. It includes: ■ Payoff – matured ■ Payoff – prepaid ■ Payoff – repurchase ■ Payoff – conversion (ARM converting to a fixed-rate Mortgage) ■ Payoff – short sale, charge-off or make-whole ■ Third party foreclosure sale (conventional and FHA/VA) ■ Transfer to REO ■ Deeds-in-lieu of foreclosure ■ FHA/VA foreclosure conveyance I Inactive Mortgage An Active Mortgage becomes an Inactive Mortgage in the Accounting Cycle in which it becomes 120 days delinquent (four payments past due). The Servicer must change the Reporting Status to inactive either by selecting “inactivation” in the Freddie Mac Loan Level Reporting tool (see Exhibit 88, Servicing Tools) or reporting Loan Level Reporting exception code 40 (Inactivation). If the Servicer does not inactivate a Mortgage in the Accounting Cycle in which it becomes 120 days delinquent, Freddie Mac will inactivate the Mortgage. Once a Mortgage is inactivated, no monthly principal and interest will be drafted unless the Mortgage is partially or fully reinstated.
Freddie Mac Guide 8302.3
303-3 M Monthly Interest Interest due to Freddie Mac calculated for the month of payoff (i.e., the exception date). The monthly interest is calculated by multiplying the Ending UPB of the prior Accounting Cycle, multiplied by the ANY divided by 12. P Principal and Interest Activity The regular monthly Principal and Interest Payment due to Freddie Mac and any partial prepayment. This is also referred to as non-exception activity. Payoff Draft Date 18 Mortgage Mortgages delivered that reflect an “18” in the “prepayment remittance due days” data field in Loan Selling Advisor®. If the Payoff Date is on the first or second Business Day of the month and the payoff is successfully reported on the first or second Business Day of the month, Freddie Mac will draft funds on the 18th calendar day of that month (i.e., in the month in which payoff was successfully reported). If the Payoff Date is on or after the third Business Day of the month and the payoff is successfully reported on or after the third Business Day of the month, Freddie Mac will draft funds on the 18th calendar day of the month following the Payoff Date (i.e., in the month after the month in which the payoff was successfully reported. Note: If the 18th calendar day is a non-Business Day, funds will be drafted on the prior Business Day. R Reporting Status The information listed in Exhibit 60, Loan-Level Reporting Data Description, that the Servicer may report daily but must report to Freddie Mac at least monthly on or before the P&I Determination Date for all Active and Inactive Mortgages the Servicer services for Freddie Mac. (b) Freddie Mac’s rights Freddie Mac reserves the right to assess compensatory and other fees in accordance with the requirements of this chapter if the Servicer fails to comply with Freddie Mac’s reporting and drafting requirements. The compensatory and other fees are set forth in Sections 8303.5. (c) Reporting and drafting
Freddie Mac Guide 8302.3
303-4 Reporting is the process of transmitting the Borrower’s payment status of all Freddie Mac’s Mortgages via one of the Freddie Mac-approved reporting media described in Section 8301.2(c). The Servicer’s transmissions must be usable, accurate and timely. Based on Servicer monthly reporting, Freddie Mac will draft principal and interest and payoff amounts that are due to Freddie Mac. The Servicer must report a loan-level transaction on a monthly basis for all Mortgages serviced for Freddie Mac. Freddie Mac considers a loan-level transaction to be reported when it has been transmitted by the Servicer without errors and received by Freddie Mac. If a Servicer does not report a loan-level transaction or does not clear all edits by the end of the Accounting Cycle, Freddie Mac will simulate a loan-level transaction and account for each unreported Mortgage as delinquent based on the last reported DDLPI. In addition, the Servicer is required to report liquidation activity to Freddie Mac as it occurs. (i) Monthly reporting activity Daily reporting is encouraged but not required. The Servicer must report a loan-level transaction for each Mortgage serviced for Freddie Mac once a month no later than 2:00 a.m. Eastern Time on the day following the P&I Determination Date regardless of whether any activity has occurred on the Mortgage. For each Mortgage, Servicers must report any revisions that occur after the P&I Determination Date by the end of the month plus one Business Day. In addition, Servicers are required to monitor daily edit reports provided by Freddie Mac and correct edits promptly, as provided by Section 8303.4(c). Failure to comply with Freddie Mac’s reporting requirements will result in the assessment of compensatory fees as set forth in Sections 8303.5(a) through 8303.5(i). (ii) Remittance cycle and Automated Clearing House (ACH) draft The Standard Remittance Cycle applies to all Mortgages serviced for Freddie Mac. Freddie Mac will initiate an ACH draft to collect monthly Principal and Interest Payments and payoffs directly from the Servicer’s designated Custodial Account in accordance with the requirements of this section. Monthly principal and interest will be drafted on the P&I Draft Date. The principal drafted will be the actual principal collected and reported after 2:00 a.m. Eastern Time on the day following the P&I Determination Date of the previous Accounting Cycle and the actual principal collected and reported to Freddie Mac no later than 2:00 a.m. Eastern Time on the day following the P&I Determination Date of the current Accounting Cycle. Principal reported to Freddie Mac after 2:00 a.m. Eastern Time on the day following the P&I Determination Date will be drafted on the P&I Draft Date of the next Accounting Cycle. The interest drafted will be the amount of forecasted scheduled interest reported in the prior Accounting Cycle.