Freddie Mac Single-Family Seller/Servicer Guide 1101.3 — Occurrence of a Claims Event; resulting liability immediately due and owing to Freddie Mac
Freddie Mac Single-Family Seller/Servicer Guide section 1101.3 — Occurrence of a Claims Event; resulting liability immediately due and owing to Freddie Mac. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 1101.3 — Occurrence of a Claims Event; resulting liability immediately due and owing to Freddie Mac — 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 1101.3 — Occurrence of a Claims Event; resulting liability immediately due and owing to Freddie Mac
Upon the occurrence of any Claims Event, all FRE Claims related to the Seller/Servicer shall be deemed immediately and automatically due and payable, without the need for further action by Freddie Mac or any other party. The calculation of FRE Claims shall be conclusive absent manifest error. With respect to those Claims Events for which Freddie Mac’s approval or consent is required, a Seller/Servicer must pay, unconditionally and in full, any and all FRE Claims as a condition to receipt of Freddie Mac’s approval of or consent to such Claims Event, if applicable; however, Freddie Mac may at any time expressly waive or defer such payment obligation in writing in its sole and absolute discretion.
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Source of record: https://claudeforcompliance.com/regs/fhlmc-1101-3/
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