Freddie Mac Single-Family Seller/Servicer Guide 1201.2 — Overview of Freddie Mac’s purchase programs
Freddie Mac Guide §1201.2 (Overview of Freddie Mac’s purchase programs). Gap-fill (verbatim, ID-diff).
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Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 1201.2 — Overview of Freddie Mac’s purchase programs — 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 1201.2 — Overview of Freddie Mac’s purchase programs
Freddie Mac purchase programs provide for the purchase of conventional Home Mortgages on a whole loan basis. Freddie Mac does not set a minimum loan amount for purchases and encourages the Seller to make loans of any amount. Mortgages under all purchase programs are purchased by Freddie Mac on a Required Net Yield basis to Freddie Mac. Freddie Mac compensates Seller/Servicers for Servicing Mortgages in an amount equal to the amount of interest payments received on the Mortgages that is over and above the Required Net Yield and authorizes Seller/Servicers to retain such compensation out of such interest payments. Under no circumstance does a Seller/Servicer retain any legal ownership in any portion of the interest due or received under a Mortgage that is owned by Freddie Mac. When a Mortgage is purchased, the Seller must select a Minimum Servicing Spread in an amount that provides adequate Servicing compensation to the Seller/Servicer.
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Source of record: https://claudeforcompliance.com/regs/fhlmc-1201-2/
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