Freddie Mac Single-Family Seller/Servicer Guide 9301.1 — Foreclosures overview and Servicer responsibilities
Freddie Mac Single-Family Seller/Servicer Guide section 9301.1 — Foreclosures overview and Servicer responsibilities. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 9301.1 — Foreclosures overview and Servicer responsibilities — 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 9301.1 — Foreclosures overview and Servicer responsibilities
This section contains information related to: ■ Foreclosures on Freddie Mac Mortgages ■ General Servicer requirements for Freddie Mac Default Legal Matters ■ Freddie Mac’s rights (a) Foreclosures on Freddie Mac Mortgages The Servicer must refer to, manage and complete foreclosure in accordance with this chapter when there is no available alternative to foreclosure. Additionally, Freddie Mac requires the Servicer to manage the foreclosure process to acquire clear and marketable title to the property in a cost-effective, expeditious and efficient manner. (b) General Servicer requirements for Freddie Mac Default Legal Matters When following the requirements provided in this chapter while processing Freddie Mac Default Legal Matters, the Servicer must comply with: ■ The terms and conditions of the Mortgage documents, including the Note ■ Applicable federal, State and local laws and customs ■ Requirements of the FHA, VA, RHS or MI, if applicable ■ The Guide and other Purchase Documents (c) Freddie Mac’s rights Among other rights available under applicable law and the Guide, Freddie Mac reserves the right to: 1. Select the foreclosure counsel 2. Direct and manage the actions taken by the foreclosure counsel, on a case-by-case or jurisdiction-wide basis 3. Assess compensatory fees and/or seek repayment of losses sustained due to errors, omissions or delays by the Servicer or its agent 4. Limit the amount of reimbursement for attorney fees if those fees exceed the expense limits in Exhibit 57A, Approved Attorney, Foreclosure, Mediation, Postponement Fees and Title Expenses, or the fees commonly charged for similar services in the area where the services are being performed If Freddie Mac determines that the Servicer has directly or indirectly passed or charged to Freddie Mac any non-reimbursable expenses itemized in Section 9701.4(a) or charged Freddie Mac for Servicing Contract obligations covered by the Servicing Spread (as set forth in Section 8105.1(c)) or in violation of Section 9501.4(c)(i), then Freddie Mac may pursue any or all the remedies specified in the Guide and the other Purchase Documents, as applicable.
Operationalizing Freddie Mac Single-Family Seller/Servicer Guide 9301.1 — Foreclosures overview and Servicer responsibilities
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.
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Source of record: https://claudeforcompliance.com/regs/fhlmc-9301-1/
· register fhlmc-9301-1 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.