Single-Family Seller/Servicer Guide PDF - Freddie Mac
Single-Family Seller/Servicer Guide PDFSingle-Family Seller/Servicer Guide PDF as Published 03/09/16This is a PDF of the Freddie Mac Single-Family Seller/Servicer Guide (“Guide”) chapters as of March 9, 2016.Freddie Mac provides this Guide PDF as a convenience to its Seller/Servicers. It is not the most current version of theGuide (see below for how to access the current official electronic version of the Guide, which includes the Guide forms,exhibits, Glossary and Directory).Compilation of Guide ChaptersThis comprehensive file is a compilation of all of the separate Guide chapters as they were published on March 9, 2016.The footers are updated by chapter and reflect the date of the last time on or before March 9, 2016 that each specificchapter was updated. Therefore, while this Guide PDF includes all Guide chapters as of March 9, 2016, only the chaptersthat were updated on March 9, 2016 have that date in the footer.Additionally, certain sections may have future revisions with effective dates after the date of this Guide PDF. If the futureeffective version of a section has been published by March 9, 2016, that version also is included in this PDF.The Current Official Electronic Version of the Guide is available on the AllRegs web siteThe current official electronic version of the Guide is posted on the AllRegs web site of Ellie Mae, Inc., and is availablefree of charge through the "AllRegs" link on the following web page: er/Servicers are advised to view the Guide and Guide Bulletins on the AllRegs web site for the most currentGuide requirements. Seller/Servicers are responsible for compliance with the Guide and Bulletins containing specificGuide changes with corresponding effective dates, as posted on the AllRegs web site.
Chapter 1101: The Guide1101.1: Introduction to the Guide (03/02/16)This section provides an overview of the content and organization of the Guide.The Guide consists of Freddie Mac’s requirements relating to the purchase, sale, and Servicingof Mortgages. The Guide’s structure reflects how and when Seller/Servicers interact withFreddie Mac and is organized to aid in locating the provisions related to the Seller/Servicer’sdaily workflow.(a) SegmentsThe Guide is grouped into three segments: Freddie Mac Seller/Servicer Relationship Selling ServicingThe Guide’s design places the provisions applicable to all Seller/Servicers in one centrallocation (Freddie Mac Seller/Servicer Relationship), and then differentiates between thosefor selling and Servicing. Although the Guide has distinct Selling and Servicing Segments,there may be information and/or cross references for Servicers in the Selling Segment and forSellers in the Servicing Segment.Additionally, the Guide contains exhibits, forms, the Glossary and the Directory.(b) Series and topicsWithin each segment there are three distinct series of topics relating to that segment, totalingnine series. The series of topics within each segment are described below.Freddie Mac Single-Family Seller/Servicer GuideAs of 03/02/16Chapter 1101Page 1101-1
Description of SeriesSummary of TopicsFreddie Mac Seller/Servicer RelationshipSeries 1000, GeneralContract Terms Legal effect of the GuideSeries 1000 covers thecontractual relationshipbetween theSeller/Servicer andFreddie Mac. General Seller/Servicer representation and warranties Freddie Mac policies Electronic transactions Types of Seller purchase contractsSeries 2000, DoingBusiness with FreddieMac Becoming a Freddie Mac Seller/ServicerSeries 2000 coversSeller/Servicer eligibilityand other requirementsfor doing business withFreddie Mac. Access and use of Freddie Mac systems Establishing third-party relationships (for example,Document Custodians)Series 3000, RiskManagement andRemedies Freddie Mac Exclusionary List and FHFA SuspendedCounterparty ProgramSeries 3000 coversmanagement of risksrelated to the purchaseand Servicing ofMortgages. Mortgage file contents and retention Fraud prevention, detection and reporting Quality control programs Review of Servicer performance Remedies (including repurchase and termination ofServicing)SellingSeries 4000, MortgageEligibility Uniform InstrumentsSeries 4000 covers theeligibility of Mortgagesfor sale to Freddie Mac. Refinance Mortgages General Mortgage eligibility Affordable Mortgages Freddie Mac Mortgage products Mortgage and title insuranceFreddie Mac Single-Family Seller/Servicer GuideAs of 03/02/16Chapter 1101Page 1101-2
Series 5000, Originationand Underwriting Methods of underwritingSeries 5000 coversunderwriting theBorrower anddetermining the adequacyof the property securingthe Mortgage. Credit assessmentSeries 6000, Selling andDeliverySeries 6000 coversFreddie Mac Mortgagepurchase programs andMortgage deliveryrequirements. Borrower eligibility Property eligibility Appraisal requirements Cash programs Guarantor and MultiLender Swap Programs Mortgage delivery data Assessment and payment of fees Delivery and custody of Mortgage documents Warehouse financingServicingSeries 7000, Transfersof Servicing Transfer of Servicing requirementsSeries 7000 covers theprocess for facilitatingTransfers of Servicing. Document Custody transfer Reporting to Freddie MacSeries 8000, ServicingAll Mortgages Day-to-day Servicer responsibilitiesSeries 8000 coversgeneral requirements forServicing. Custodial funds management Investor accounting and remitting Escrow and insurance Property-related matters Servicer compensation Servicer reportsFreddie Mac Single-Family Seller/Servicer GuideAs of 03/02/16Chapter 1101Page 1101-3
Series 9000, ServicingDefault Management Ongoing Servicer responsibilitiesSeries 9000 coversServicing Mortgages indefault. Alternatives to foreclosure Collection efforts Foreclosure Bankruptcy REO Reimbursement of expenses(c) Chapters and sectionsEach topic contains at least one chapter, and each chapter contains at least one section. Thetitles of topics, and chapters and sections within topics, are intended to facilitate navigationand searching capabilities.(d) Numbering formatThe numbering system of the Guide reflects how the provisions are grouped by segment,series and topics.The format is as follows: XXXX.XX – The first digit indicates the series number (For example, Series 6000,Selling and Delivery, or Series 5000, Origination and Underwriting) XXXX.XX – The second digit indicates the topic number, which can have one or manychapters XXXX.XX – The last 2 digits before the decimal point indicate the chapter number XXXX.XX – The 2 digits after the decimal indicates the section numberFor example, in Section 1101.1: 1101.1 – The first “1” represents that this section is located in Series 1000, GeneralContract Terms 1101.1 – The second “1” represents that this section is located in the first topic of Series1000, Topic 1100 – The Guide 1101.1 – The “01” before the decimal point represents that this section is located in thefirst chapter within Topic 1100, Chapter 1101, The GuideFreddie Mac Single-Family Seller/Servicer GuideAs of 03/02/16Chapter 1101Page 1101-4
1101.1 – The “1” after the decimal point represents that this is the first section in Chapter1101, Section 1101.1, Introduction to the Guide.This numbering can help in locating specific content. For example, these are the steps aSeller/Servicer could take if it wants to locate the Guide requirements about reporting fraudand other Suspicious Activity: First, the segment should be identified. This is a requirement that applies to both Sellersand Servicers and is contained within the Freddie Mac Seller/Servicer RelationshipSegment. Second, the series should be found. As this is part of risk management, the relevant seriesis Series 3000, Risk Management and Remedies. Next, the topic needs to be determined. These requirements are contained within topic3200: Fraud Prevention, Detection and Reporting; Reporting Other Suspicious Activity. Finally, the chapter and section within the topic need to be located. In this case, thechapter title mirrors the topic heading, Chapter 3201: Fraud Prevention, Detection andReporting; Reporting Other Suspicious Activity. The specific provisions about thissubject are contained in Section 3201.2: Fraud and other Suspicious Activity reportingrequirements.The numerical reference to this provision, then, is Section 3201.2.(e) Exhibits, forms, the Glossary and the DirectoryThe Guide also includes: ExhibitsExhibits referenced in the Guide are Freddie Mac exhibits unless otherwise indicated. FormsForms referenced in the Guide are Freddie Mac forms unless otherwise indicated. GlossaryThe Glossary contains definitions of select terms used in the Guide. DirectoryThe Directory contains Freddie Mac contact information (addresses, telephone numbers,fax numbers and e-mail addresses) to be utilized for specific questions, requests andFreddie Mac Single-Family Seller/Servicer GuideAs of 03/02/16Chapter 1101Page 1101-5
documentation. Guide references to the Directory are indicated with a boldedparenthetical (e.g., “(see Directory 5)”).1101.2: Legal effect of the Guide and other PurchaseDocuments (03/02/16)(a) Status as a contract(i) Effect of the Guide and other Purchase DocumentsThe Guide governs the business relationship between a Seller/Servicer and Freddie Macrelating to the sale and Servicing of Mortgages. Each Seller/Servicer must complete andsubmit a Form 16SF, Annual Eligibility Certification Report, that certifies that theSeller/Servicer has access to the Electronic version of the Guide as an Electronic Record,as those terms are defined in Chapter 1401, and is in compliance with all requirements ofthe Purchase Documents.In connection with the sale of Mortgages to Freddie Mac, the Seller/Servicer agrees thateach transaction is governed by the Guide, the applicable Purchase Contract and all otherPurchase Documents.A Seller/Servicer must service all Mortgages that the Seller/Servicer has sold to FreddieMac and/or has agreed to service for Freddie Mac in accordance with the standards setforth in the Seller/Servicer’s Purchase Documents. All of a Seller/Servicer’s obligationsto service Mortgages for Freddie Mac are considered to constitute, and must beperformed pursuant to a unitary, indivisible master Servicing contract, and the Servicingobligations assumed pursuant to any contract to sell Mortgages to Freddie Mac aredeemed to be merged into, and must be performed pursuant to, such unitary, indivisiblemaster Servicing contract.A Seller/Servicer acknowledges that Freddie Mac’s agreement to purchase Mortgagesfrom the Seller/Servicer pursuant to any individual Purchase Contract is based upon theSeller/Servicer’s agreement that the Mortgages purchased will be serviced by theSeller/Servicer pursuant to the unitary, indivisible master Servicing contract. TheSeller/Servicer agrees that any failure to service any Mortgage in accordance with theterms of the unitary, indivisible master Servicing contract, or any breach of any of theSeller/Servicer’s obligations under any aspect of the unitary, indivisible master Servicingcontract, shall be deemed to constitute a breach of the entire contract and shall entitleFreddie Mac to terminate all or a portion of the Servicing. The termination of a portion ofthe Servicing shall not alter the unitary, indivisible nature of the Servicing contract.If a Servicer who services Mortgages for Freddie Mac is not also the Seller of theMortgages to Freddie Mac, the Servicer must agree to service Mortgages for Freddie Macby separate agreement, which incorporates the applicable Purchase Documents. In suchFreddie Mac Single-Family Seller/Servicer GuideAs of 03/02/16Chapter 1101Page 1101-6
case, the separate agreement shall be deemed to be one of the “Purchase Documents” thatconstitute the unitary, indivisible master Servicing contract.In addition, in certain cases, a Seller and/or Servicer who uses certain Freddie Macservices will, by virtue of the provisions of the Guide, be deemed to have agreed uponcertain terms and conditions related to such services and their use.(ii) Amendments to the GuideFreddie Mac may, in its sole discretion, amend or supplement the Guide from time totime. Amendments to the Guide may be a paper Record or an Electronic Record, as thoseterms are defined in Chapter 1401. The Guide may not be amended orally. Freddie Macmay amend the Guide by: Publishing Bulletins, which apply to all Sellers/Servicers, or Entering into a Purchase Contract or other written or Electronic agreement, whichapplies to the Seller/Servicer that is a party to the Purchase Contract or agreementBulletins expressly amend, supplement, revise or terminate specific provisions of theGuide. An amendment, supplement, revision or termination of a provision in the Guide iseffective as of the date specified by Freddie Mac in the applicable Bulletin.A Purchase Contract or other written agreement or Electronic agreement amends orsupplements specific provisions of the Guide for purposes of such Purchase Contract orother agreement, as applicable. Such amendments or supplements to the Guide areeffective as of the date specified in the Purchase Contract or other agreement. See Section1501.2(d) for information about how amendments and supplements to the Guide amendor otherwise apply to a Seller’s Purchase Contracts and other Purchase Documents.(iii)Publication of Guide and BulletinsThe Guide is posted on the AllRegs web site of Ellie Mae, Inc., which operates theAllRegs brand (“AllRegs”) and which posts the Guide under license from and with theexpress permission of Freddie Mac. AllRegs is the exclusive third-party electronicpublisher of the Guide. Seller/Servicers also can access the Guide on the AllRegs website by using the link on FreddieMac.com.Freddie Mac makes no representation or warranty regarding availability, features orfunctionality of the AllRegs web site.By using the web site, Seller/Servicers acknowledge and agree (individually and onbehalf of the entity for which they access the Guide) neither Freddie Mac nor AllRegsshall be liable to them (or the entity for which they access the Guide) for any losses ordamages whatsoever resulting directly or indirectly from Freddie Mac’s designation ofthe Guide as found on the AllRegs web site as the official Electronic version, as anFreddie Mac Single-Family Seller/Servicer GuideAs of 03/02/16Chapter 1101Page 1101-7
Electronic Record, and AllRegs expressly disclaims any warranty as to the results to beobtained by Seller/Servicers (and the entity for which Seller/Servicers access the Guide)from use of the AllRegs web site, and AllRegs shall not be liable to Seller/Servicers (andthe entity for which Seller/Servicers access the Guide) for any damages arising directly orindirectly out of the use of the AllRegs web site by them (and the entity for which theyaccess the Guide).Bulletins are published on AllRegs and FreddieMac.com. A Seller/Servicer with anAllRegs subscription may receive notice of Bulletins directly from AllRegs. If aSeller/Servicer does not receive notice of Bulletins through AllRegs, the Seller/Servicermust take the steps necessary to receive the applicable Freddie Mac Single-FamilyUpdate e-mails, which will notify Seller/Servicer of Bulletin publications. ASeller/Servicer’s failure to take the appropriate steps to receive notices of Bulletins doesnot relieve the Seller/Servicer of its legal obligations to comply with the terms of theBulletins.(iv) Effective DateThe effective date of each section of the Guide is located at the beginning of each section,to the right of the section number and name.(b) RelianceBy entering into a Purchase Contract or into the unitary, indivisible master Servicing contractwith Freddie Mac, the Seller/Servicer acknowledges that it is not relying upon Freddie Macor any employee, agent or representative thereof, in making its decision to enter into thecontract and that it has relied upon the advice and counsel of its own employees, agents andrepresentatives as to the regulatory, business, corporate, tax, accounting and otherconsequences of entering into and performing its obligations under a Purchase Contract orthe unitary, indivisible master Servicing contract.(c) Assignments; security interestsA Seller/Servicer shall not, in whole or in part, assign, sell, convey, hypothecate, pledge or inany other way or transfer, conditionally or otherwise, or grant a security interest in, any of itsobligations, rights or interest under any Purchase Contract or under the unitary, indivisiblemaster Servicing contract, including any of its rights or obligations under this Guide or anyof the Purchase Documents, without Freddie Mac’s prior written consent. Any purported orattempted assignment or transfer of, or grant of a security interest in, any such obligations,rights or interest is prohibited and shall be null and void.Freddie Mac has the unconditional right to sell, assign, convey, hypothecate, pledge or in anyway transfer, in whole or in part, its rights and interest under the Purchase Documents withrespect to any Mortgage it purchases. Freddie Mac has the right to direct the Servicer to sendremittances, notices, reports and other communications to any party designated by FreddieFreddie Mac Single-Family Seller/Servicer GuideAs of 03/02/16Chapter 1101Page 1101-8
Mac and may designate any such party to exercise any and all of Freddie Mac’s rightshereunder.(d) Notice(i) Seller/Servicer notices to Freddie MacExcept as otherwise provided in the Guide or other Purchase Documents, anycommunication, advice, consent, document, notice or direction given, made, sent orwithdrawn by the Seller/Servicer pursuant to the Purchase Documents must be in writingand will be deemed to have been duly given to and received by Freddie Mac on the daysuch communication, advice, consent, document, notice or direction is actually receivedby Freddie Mac at the address specified below:Address: In writing to Freddie Mac (see Directory 1) by first class mailOther addresses may be substituted for the above upon notice of the substitution.(ii) Freddie Mac notices to Seller/ServicerAny communication, advice, consent, document, notice or direction given, made, sent orwithdrawn by Freddie Mac pursuant to the Purchase Documents may be in writing ormay be in electronic form in accordance with Chapter 1401. Such notice will be deemedto have been duly given to the Seller/Servicer on the date such communication, advice,consent, document, notice or direction is: Received in writing by first class mail by the Seller/Servicer at the address set forth inthe Purchase Documents, or Received in electronic form (e-mail) as an Electronic Record by the Seller/Servicer’scomputer information processing system at its Internet e-mail address provided toFreddie Mac by the Seller/Servicer, or Received in electronic form (facsimile) as a Record or Electronic Record by theSeller/Servicer’s electronic facsimile machine or system at the facsimile telephonenumber provided to Freddie Mac by the Seller/ServicerOther addresses may be substituted for the above upon notice of the substitution.(e) SeverabilityIf any provision of this Guide shall be held invalid, the legality and enforceability of allremaining provisions shall not in any way be affected or impaired thereby, and this Guideshall be interpreted as if such invalid provision were not contained herein.Freddie Mac Single-Family Seller/Servicer GuideAs of 03/02/16Chapter 1101Page 1101-9
(f) Defined termsInitial capitalization of words in the Guide generally denotes terms that are defined in (i) theGlossary, (ii) the chapter in which capitalized words appear, or (iii) an expressly referencedchapter.(g) Construction of the GuideThis Guide shall not be construed against Freddie Mac as being the drafter hereof.(h) Entire agreementThis Guide, including the exhibits attached to the Guide and all Purchase Documentsincorporated by reference in the Guide, constitutes the entire understanding between FreddieMac and the Seller/Servicer and supersedes all other agreements, covenants, representations,warranties, understandings and communications between the parties, whether oral or writtenor Electronic, with respect to the transactions contemplated by the Guide.(i) Governing lawThis Guide shall be construed, and the rights and obligations of Freddie Mac and theSeller/Servicer hereunder determined, in accordance with the laws of the United States.Insofar as there may be no applicable precedent, and insofar as to do so would not frustrateany provision of this Guide or the transactions governed thereby, the laws of the State ofNew York shall be deemed reflective of the laws of the United States.(j) CopyrightThe Guide (including related supplements and Bulletins) and Industry Letters arecopyrighted. Limited permission to reproduce the Guide is granted to Seller/Servicers strictlyfor their own use in originating and selling Mortgages to, and in Servicing Mortgages for,Freddie Mac. No part of the Guide may be reproduced for any other reason (in any form orby any means) without the express written permission of Freddie Mac. Requests for suchpermission to reproduce the Guide must be sent to Freddie Mac (see Directory 1).Requests will be reviewed and answered by Freddie Mac in the ordinary course of business.Freddie Mac reserves the right to revoke permission to reproduce the Guide upon 60 days’notice to any and all Seller/Servicers. Under no circumstances will Freddie Mac permit theGuide to be reproduced by any Electronic or mechanical means, including, but not limited to,reproduction in, or as a component of, any information storage and retrieval system.(k) Headings and design featuresHeadings and design features are written for convenience of reference only and do notconstitute a part of this Purchase Document.Freddie Mac Single-Family Seller/Servicer GuideAs of 03/02/16Chapter 1101Page 1101-10
Chapter 1201: General Freddie Mac Policies1201.1: Objective of Freddie Mac’s purchase programs(03/02/16)Freddie Mac was created by Congress in 1970 to stabilize the nation’s residential mortgagemarkets and expand opportunities for homeownership and affordable rental housing (FederalHome Loan Mortgage Corporation Act, 12 U.S.C. 1451 et. seq.). Freddie Mac’s public missionis to provide liquidity, stability and affordability to the United States housing market. FreddieMac does this primarily by purchasing residential Mortgages originated by mortgage lenders. Inmost instances, Freddie Mac packages these Mortgages into mortgage-related securities, whichare guaranteed by Freddie Mac and sold in the global capital markets. Freddie Mac also investsin Mortgages and mortgage-related securities. Freddie Mac does not originate Mortgages or lendmoney directly to consumers.Freddie Mac supports the United States housing market and the overall economy by: Providing America’s families with access to mortgage funding at lower rates Helping distressed borrowers keep their homes and avoid foreclosure, and Providing consistent liquidity to the multifamily mortgage market, which includes providingfinancing for affordable rental housingFreddie Mac is also working with the FHFA, Freddie Mac’s customers and the industry to builda stronger housing finance system for the nation.1201.2: Overview of Freddie Mac’s purchase programs(03/02/16)Freddie Mac purchase programs provide for the purchase of conventional Home Mortgages on awhole loan basis. Freddie Mac does not set a minimum loan amount for purchases andencourages the Seller to make loans of any amount.Mortgages under all purchase programs are purchased by Freddie Mac on a Required Net Yieldbasis to Freddie Mac. Interest payments received on the Mortgages over and above the RequiredNet Yield are retained by the Seller/Servicer. When a Mortgage is purchased, a MinimumServicing Spread is required to provide adequate Servicing compensation to the Seller/Servicer.Freddie Mac reserves the right to supplement, modify or terminate any purchase program at anytime without prior notice.Freddie Mac Single-Family Seller/Servicer GuideAs of 03/02/16Chapter 1201Page 1201-1
1201.3: Characterization and nature of Mortgagepurchase transactions (03/02/16)The Seller and Freddie Mac agree that each and every Mortgage purchase and sale transactionentered into under the Purchase Documents (including, without limitation, any purchase and saleunder the Cash, Guarantor or MultiLender Swap programs) — whether sold with or withoutrecourse — is expressly intended by the Seller and Freddie Mac: To be construed as the Seller’s sale, transfer, conveyance and delivery of all such Mortgagesto Freddie Mac, and To be construed as Freddie Mac’s purchase and receipt of such Mortgages (and/orparticipation interests therein), and Not to be construed as the Seller’s pledge to secure a debt or any other obligationThe Seller and Freddie Mac intend for the sale, transfer, conveyance and delivery of allMortgages to Freddie Mac by the Seller to be true, absolute and unconditional sales.If despite the intent of the Seller and Freddie Mac, the Mortgages (or any of them) aredetermined to be property of the Seller (i.e., the sale was not a true sale), Freddie Mac and theSeller agree that: The Purchase Documents created a security agreement within the meaning of the UniformCommercial Code (UCC) in effect in the applicable State, conveying to Freddie Mac asecurity interest in all of the Seller’s right, title, and interest in and to the Mortgage and allproceeds from the Mortgage Freddie Mac is the secured party under such security agreement The possession by Freddie Mac or its designee (including, without limitation, any applicableDocument Custodian) of the Notes (and any related documents) shall be deemed to bepossession by the secured party for purposes of perfecting the security interest pursuant to theUCC The Seller shall assist Freddie Mac with any reasonable actions necessary to ensure thatFreddie Mac receives a perfected security interest of first priority under applicable law; and Freddie Mac will have all of the rights and remedies of a secured party and creditor under theUCC and may execute and file UCC financing statements as reasonably necessaryFreddie Mac Single-Family Seller/Servicer GuideAs of 03/02/16Chapter 1201Page 1201-2
1201.4: Limitation on Mortgage purchases andcommitments (03/02/16)(a) Limitation on number and amount of Mortgage purchases and commitmentsFreddie Mac reserves the right to: Limit the number and/or aggregate dollar amount of Mortgage commitments it willaccept from any Seller. Maximums are subject to change by Freddie Mac at any timewithout prior notice or publication Establish the Maximum Annual Mortgage Purchase Amount that Freddie Mac willpurchase from a Seller in any calendar year. Freddie Mac will notify a Seller in writing ifFreddie Mac has established a Maximum Annual Mortgage Purchase Amount for thatSeller for that calendar year and will inform the Seller of the maximum amount for thatyear. The Maximum Annual Mortgage Purchase Amount will not be adjusted by apurchase tolerance, and the purchase tolerances in Section 6401.1 will not apply to theMaximum Annual Mortgage Purchase Amount. Limit the number and/or aggregate dollar amount of Home Mortgages it will purchase in anysubdivision, tract, Condominium Project, Planned Unit Development (PUD), or ground leasecommunity Establish maximum Mortgage purchase amounts for time frames other than one year Establish maximum purchase amounts for specific types of Mortgages based onMortgage characteristics or any other basis Freddie Mac deems appropriate, at its solediscretion Establish minimum Mortgage purchase amounts(b) Review of aggregate purchase amountIf Freddie Mac has established a Maximum Annual Mortgage Purchase Amount with respectto the Seller, Freddie Mac will, after a commitment has been made, review the aggregateamount of Mortgages purchased from the Seller to date in the current calendar year. FreddieMac will notify the Seller if the contract commitment amount stated in the Purchase Contract,when added to the aggregate amount of Mortgage purchases to date from the Seller for thatcalendar year, would cause the Seller to exceed the Maximum Annual Mortgage PurchaseAmount established for the Seller. In such case, Freddie Mac, in its sole and absolutediscretion, may purchase Mortgages from the Seller in an amount that exceeds the Seller’sMaximum Annual Mortgage Purchase Amount or may rescind, in whole or in part, anyPurchase Contract (including any Purchase Contract entered into by any other Freddie Macauthorized method) that will result in the Seller’s exceeding its Maximum Annual MortgageFreddie Mac Single-Family Seller/Servicer GuideAs of 03/02/16Chapter 1201Page 1201-3
Purchase Amount. The Seller agrees that any such rescission shall be made without thepayment by Freddie Mac of any Seller claims.1201.5: Servicing in accordance with PurchaseDocuments (03/02/16)Mortgages purchased by Freddie Mac must be serviced by a Servicer in accordance withapplicable law and the applicable Purchase Documents. For performing Servicing duties, FreddieMac will compensate the Servicer in accordance with Chapter 8103.Freddie Mac reserves the right to refuse to purchase any Mortgage that, in its sole discretion,Freddie Mac determines cannot be adequately serviced by the Seller (if also a Servicer), itsassignee or its duly authorized Servicing Agent.1201.6: Transfer costs (03/02/16)The Seller agrees to pay documentary stamp taxes, recording fees, transfer taxes and all otherexpenses payable in connection with Mortgages purchased by Freddie Mac.1201.7: Sale of Mortgages by Freddie Mac (03/02/16)Freddie Mac may, from time to time, sell in whole or in part Mortgages it has purchasedpursuant to the Purchase Documents.For informatio
Freddie Mac Single-Family Seller/Servicer Guide Chapter 1101 As of 03/02/16 Page 1101-1 Chapter 1101: The Guide 1101.1: Introduction to the Guide (03/02/16) This section provides
notification of any termination of insurance. The Mortgagee/Servicer must work directly with the project to resolve the deficiency. If the coverage deficiency is not readily resolved, then the Mortgagee/Servicer must notify the ORCF AE. The Mortgage/Servicer must monitor the Project until the coverage is adequately provided.
Servicer Evaluation: Mount Street Mortgage Servicing Ltd. Servicer Analysts: Carenn K Chu, London (44) 20-7176-3854; carenn.chu@spglobal.com . Parent company Mount Street Group Ltd. Assets under management (overall, ) 32.94 billion Assets under management (under assessment, ) 17.53 billion Total staff 108
There are pros and cons between both 3P selling and 1P selling on Amazon, and we'll explore them all here. 3P (Seller Central) Selling to Amazon vs. Selling on Amazon5 3P (Seller Central) 3P (third party):Sells products directly to consumers via Seller Central. Can be Seller-Fulfilled or regular FBA (Fulfilled By Amazon).
a sale of land where the purchase price is greater than 5 million (exclusive of GST) and the buyer has given the seller a written notice signed by the buyer, stating that the buyer waives the seller's disclosure obligation. Recommendation 5: A separate seller disclosure regime should be maintained for proposed lots
written contract to purchase between a buyer and a seller. notice to the buyer the f ollowing discl osures are made b y the seller about the condition of the pr operty located at . waive the right to rescind prior to or after the time you enter into a sale agreement. the f ollowing are discl osures made b y seller an d are not the .
AMAZON SELLER REGISTERATION GUIDELINES 2 Page Use customer metrics tools to monitor your seller performance Contact Selling Partner Support and open help tickets using the Case Log Keep track of your daily sales for all the products you sell on Amazon Go mobile Use the Amazon Seller App to track sales, fulfill orders, find products to sell, respond to
The seller made remote sales of taxable items delivered to Florida addresses in the previous calendar year that totaled 100,000or more. If the seller also uses a marketplace provider to facilitate retail sales through a marketplace, the seller excludes those saleswhen determining whether the seller is required to register.
April S. McGrath Sustainable Fashion Spring 2012 1 Fashioning Sustainability: How the Clothes we wear can support Environmental and Human Well -being . April Shannon McGrath . ABSTRACT . Attempts to promote sustainability in the clothing industry have focused on eco-materials using and more resource efficient production, however the scale of production and has consumption increased to levels .
