Freddie Mac Single-Family Seller/Servicer Guide 8402.2 — Government notice of property seizure to the Servicer
Freddie Mac Single-Family Seller/Servicer Guide section 8402.2 — Government notice of property seizure to the Servicer. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 8402.2 — Government notice of property seizure to the Servicer — 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 8402.2 — Government notice of property seizure to the Servicer (part 1 of 3)
This section contains requirements related to: ■ Government notice of property seizure to the Servicer ■ Government notice of property seizure to Freddie Mac (a) Government notice of property seizure to the Servicer When the Servicer receives notice that a law enforcement agency has seized and/or intends to initiate forfeiture proceedings against the property, the Servicer must comply with the procedures detailed below. (i) Reporting to Freddie Mac Within two Business Days of receiving the notice of seizure and/or intent to initiate foreclosure proceedings, the Servicer must forward such notice to Freddie Mac (see Directory 5). With the notice, the Servicer must submit all of the following: ■ The following information related to the Mortgage: ❑ Freddie Mac loan number ❑ Mortgage status (current, delinquent or in foreclosure) ❑ UPB, interest and per diem interest amount ❑ Any other outstanding amounts ❑ Any other information regarding the Borrower or the property that the Servicer deems relevant to the law enforcement agency’s action ■ A copy of the Note and any modifying instrument ■ A copy of the Security Instrument with applicable recording information ■ A copy of all assignments of the Security Instrument with applicable recording information relating to the property ■ Such other documents and information as Freddie Mac may request Upon receiving the required documents from the Servicer, Freddie Mac will forward such documents to Freddie Mac’s Legal Division, which will assume responsibility for representing Freddie Mac and the Servicer, where applicable, in the forfeiture proceedings. Where warranted, the Servicer will receive appropriate instructions from Freddie Mac. If the Mortgage is delinquent, the Servicer must report to Freddie Mac via an EDR transmission within the first three Business Days of the month following the month that the law enforcement agency seized the property unless the Mortgage was current. If the Mortgage is current and a law enforcement agency seized the property, the Servicer may, but is not required to, report the event in the EDR transmission. Use default action code 24 (Government seizure) and provide the date that the seizure occurred. Note: For additional information on EDR requirements, refer to Section 9102.6. (ii) Reporting to the FHA, RHS, VA or MI The Servicer must report the seizure and Freddie Mac’s role in seeking relief from forfeiture to the FHA, RHS, VA or MI, as applicable, and relay any response to Freddie Mac (see Directory 5) within three Business Days of receiving the response. The Servicer must include a copy of any instructions issued by the FHA, RHS, VA or MI as a result of the Servicer’s report and, unless otherwise instructed by Freddie Mac, must comply with such instructions. (iii) Property inspection The Servicer must order a property inspection on the property within three Business Days of receiving a notice of property seizure from a law enforcement agency. Freddie Mac will permit a curbside inspection as specified in Section 9202.3(c)(ii). The Servicer must submit a copy of the inspection report along with the Freddie Mac loan number and the name and phone number of the Servicer’s point of contact to Freddie Mac (see Directory 5) within three Business Days of the Servicer’s receipt of the report. (b) Government notice of property seizure to Freddie Mac If Freddie Mac receives a notice of seizure and/or intent to forfeit, it will notify the Servicer as soon as possible. Within three Business Days of Freddie Mac’s notification to the Servicer, or sooner if requested, the Servicer must submit to Freddie Mac (see Directory 5) all of the documents and information cited in Section 8402.2(a) and comply with all other requirements of that section.
Freddie Mac Single-Family Seller/Servicer Guide 8402.2 — Government notice of property seizure to the Servicer — PENDING VERSION, takes effect 2026-11-16
Not yet in force. This is the pending version of the section, which takes effect 2026-11-16. The other version on this page governs until then.
Servicer (Future effective date 11/16/26) Refer to Bulletins 2026-G and 2026-11, which announced updates related to Freddie Mac’s new event-based default related reporting requirements. Beginning November 16, 2026, Servicers may implement the new requirements if they are operationally ready to do so. If a Servicer adopts the new event-based default related reporting standards before the mandatory effective date of September 27, 2027, it must comply with the associated Guide requirements that will be effective on September 27, 2027 and, upon such adoption, must discontinue monthly EDR reporting. This section contains requirements related to: ■ Government notice of property seizure to the Servicer ■ Government notice of property seizure to Freddie Mac (a) Government notice of property seizure to the Servicer When the Servicer receives notice that a law enforcement agency has seized and/or intends to initiate forfeiture proceedings against the property, the Servicer must comply with the procedures detailed below. (i) Reporting to Freddie Mac Within two Business Days of receiving the notice of seizure and/or intent to initiate foreclosure proceedings, the Servicer must forward such notice to Freddie Mac (see Directory 5). With the notice, the Servicer must submit all of the following: ■ The following information related to the Mortgage: ❑ Freddie Mac loan number ❑ Mortgage status (current, delinquent or in foreclosure) ❑ UPB, interest and per diem interest amount ❑ Any other outstanding amounts ❑ Any other information regarding the Borrower or the property that the Servicer deems relevant to the law enforcement agency’s action ■ A copy of the Note and any modifying instrument ■ A copy of the Security Instrument with applicable recording information ■ A copy of all assignments of the Security Instrument with applicable recording information relating to the property ■ Such other documents and information as Freddie Mac may request Upon receiving the required documents from the Servicer, Freddie Mac will forward such documents to Freddie Mac’s Legal Division, which will assume responsibility for representing Freddie Mac and the Servicer, where applicable, in the forfeiture proceedings. Where warranted, the Servicer will receive appropriate instructions from Freddie Mac. If the Mortgage is delinquent, the Servicer must report to Freddie Mac via an EDR transmission within the first three Business Days of the month following the month that the law enforcement agency seized the property unless the Mortgage was current. If the Mortgage is current and a law enforcement agency seized the property, the Servicer may, but is not required to, report the event in the EDR transmission. Use default action code 24 (Government seizure) and provide the date that the seizure occurred. Note: For additional information on EDR requirements, refer to Section 9102.6. (ii) Reporting to the FHA, RHS, VA or MI The Servicer must report the seizure and Freddie Mac’s role in seeking relief from forfeiture to the FHA, RHS, VA or MI, as applicable, and relay any response to Freddie Mac (see Directory 5) within three Business Days of receiving the response. The Servicer must include a copy of any instructions issued by the FHA, RHS, VA or MI as a result of the Servicer’s report and, unless otherwise instructed by Freddie Mac, must comply with such instructions. (iii) Property inspection The Servicer must order a property inspection on the property within three Business Days of receiving a notice of property seizure from a law enforcement agency. Freddie Mac will permit a curbside inspection as specified in Section 9202.3(c)(ii). The Servicer must submit a copy of the inspection report along with the Freddie Mac loan number and the name and phone number of the Servicer’s point of contact to Freddie Mac (see Directory 5) within three Business Days of the Servicer’s receipt of the report. (b) Government notice of property seizure to Freddie Mac If Freddie Mac receives a notice of seizure and/or intent to forfeit, it will notify the Servicer as soon as possible. Within three Business Days of Freddie Mac’s notification to the Servicer, or sooner if requested, the Servicer must submit to Freddie Mac (see Directory 5) all of the documents and information cited in Section 8402.2(a) and comply with all other requirements of that section.
Freddie Mac Single-Family Seller/Servicer Guide 8402.2 — Government notice of property seizure to the Servicer — PENDING VERSION, takes effect 2027-09-27
Not yet in force. This is the pending version of the section, which takes effect 2027-09-27. The other version on this page governs until then.
Servicer (Future effective date 09/27/27) This section contains requirements related to: ■ Government notice of property seizure to the Servicer ■ Government notice of property seizure to Freddie Mac (a) Government notice of property seizure to the Servicer When the Servicer receives notice that a law enforcement agency has seized and/or intends to initiate forfeiture proceedings against the property, the Servicer must comply with the procedures detailed below. (i) Reporting to Freddie Mac The Servicer must report receipt of the notice of property seizure as a Government Seizure default related reporting event in accordance with Section 9102.6 and Exhibit 82, Default Reporting Dataset Guidelines. Additionally, within two Business Days of receiving the notice of seizure and/or intent to initiate foreclosure proceedings, the Servicer must forward such notice to Freddie Mac (see Directory 5). With the notice, the Servicer must submit all of the following: ■ The following information related to the Mortgage: ❑ Freddie Mac loan number ❑ Mortgage status (current, delinquent or in foreclosure) ❑ UPB, interest and per diem interest amount ❑ Any other outstanding amounts ❑ Any other information regarding the Borrower or the property that the Servicer deems relevant to the law enforcement agency’s action ■ A copy of the Note and any modifying instrument ■ A copy of the Security Instrument with applicable recording information ■ A copy of all assignments of the Security Instrument with applicable recording information relating to the property ■ Such other documents and information as Freddie Mac may request Upon receiving the required documents from the Servicer, Freddie Mac will forward such documents to Freddie Mac’s Legal Division, which will assume responsibility for representing Freddie Mac and the Servicer, where applicable, in the forfeiture proceedings. Where warranted, the Servicer will receive appropriate instructions from Freddie Mac. (ii) Reporting to the FHA, RHS, VA or MI The Servicer must report the seizure and Freddie Mac’s role in seeking relief from forfeiture to the FHA, RHS, VA or MI, as applicable, and relay any response to Freddie Mac (see Directory 5) within three Business Days of receiving the response. The Servicer must include a copy of any instructions issued by the FHA, RHS, VA or MI as a result of the Servicer’s report and, unless otherwise instructed by Freddie Mac, must comply with such instructions. (iii) Property inspection The Servicer must order a property inspection on the property within three Business Days of receiving a notice of property seizure from a law enforcement agency. Freddie Mac will permit a curbside inspection as specified in Section 9202.3(c)(ii). The Servicer must report the updated property inspection as a Property Update default related reporting event in accordance with Section 9102.6 and Exhibit 82 and submit a copy of the inspection report along with the Freddie Mac loan number and the name and phone number of the Servicer’s point of contact to Freddie Mac (see Directory 5) within three Business Days of the Servicer’s receipt of the report. (b) Government notice of property seizure to Freddie Mac If Freddie Mac receives a notice of seizure and/or intent to forfeit, it will notify the Servicer as soon as possible. Within three Business Days of Freddie Mac’s notification to the Servicer, or sooner if requested, the Servicer must submit to Freddie Mac (see Directory 5) all of the documents and information cited in Section 8402.2(a) and comply with all other requirements of that section.
Operationalizing Freddie Mac Single-Family Seller/Servicer Guide 8402.2 — Government notice of property seizure to the Servicer
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Source of record: https://claudeforcompliance.com/regs/fhlmc-8402-2/
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