Freddie Mac Single-Family Seller/Servicer Guide 2101.3 — Activity thresholds and no-activity fee

fhlmc-2101-3

Freddie Mac Guide §2101.3 (Activity thresholds and no-activity fee). Gap-fill (verbatim, ID-diff).

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Verbatim regulatory text (1)

Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 2101.3 — Activity thresholds and no-activity fee — 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 2101.3 — Activity thresholds and no-activity fee

Effective 2021-04-07 · Freddie Mac's stamp for this section

Beginning January 1, 2014, a Seller/Servicer that does not meet certain activity thresholds may be assessed a no-activity fee. To avoid being assessed the no-activity fee, Seller/Servicers must meet at least one of the following activity thresholds: ■ Sell to Freddie Mac during the immediately preceding 36 months, or ■ Service, or be a Servicing Agent for, a Mortgage portfolio for Freddie Mac as of December 31 of the immediately preceding calendar year New Seller/Servicers are exempt from the fee until they have been approved by Freddie Mac for three years. The no-activity fee may also be assessed for each subsequent calendar year in which the Seller/Servicer does not meet the activity threshold but remains an approved Freddie Mac Seller/Servicer. The fee will be assessed and paid in accordance with the requirements of Chapter 6303.

Source: Freddie Mac Single-Family Seller/Servicer Guide 2101.3 — Activity thresholds and no-activity fee · source URL · snapshot 4c94f67729042dd6

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Source of record: https://claudeforcompliance.com/regs/fhlmc-2101-3/ · register fhlmc-2101-3 · verbatim, source-snapshotted regulator text from the Claude for Compliance corpus. To work from every register at once, download the corpus and follow the methodology.