Freddie Mac Single-Family Seller/Servicer Guide 2408.3 — Compliance and legal framework
Freddie Mac Single-Family Seller/Servicer Guide Section 2408.3 — Compliance and legal framework.
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Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 2408.3 — Compliance and legal framework — 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 2408.3 — Compliance and legal framework
This section contains requirements related to: ■ Special representations and warranties, covenants, and agreements ■ Amendments and updates (a) Special representations and warranties, covenants, and agreements (i) Compliance and commitments in Servicing Freddie Mac Mortgages The Servicer represents and warrants to, covenants and agrees with Freddie Mac that the Servicer is in compliance with and will continue to comply with all of the requirements of this chapter, any other applicable Purchase Documents, system processes and rules, terms of use, privacy policy, security standards and any user guides and instructions in connection with Servicing Freddie Mac Mortgages using the Servicing Tools. (ii) Controlled access to the Freddie Mac Exclusionary List The Freddie Mac Exclusionary List is made available to Servicers via Freddie Mac Gateway®. Each time the Servicer accesses any Freddie Mac Servicing Tool, the Servicer represents and warrants to Freddie Mac that Servicer has never: ■ Provided access to or otherwise made the Exclusionary List available to a Related Third Party or any other party except as permitted under and in accordance with Section 1201.8(a)(iii); or Freddie Mac Single-Family Seller/Servicer Bulletin ■ Enabled or permitted any person or entity on the Exclusionary List to access or use any Servicing Tool whether directly or indirectly through the Servicer or any Related Third Party Further, the Servicer covenants and agrees that it will not, under any circumstances, do so in the future. (b) Amendments and updates The Servicer acknowledges and agrees that Freddie Mac may amend, revise and/or update the Servicing Tools, this chapter and/or any other applicable Purchase Documents, and any such amendment, revision and/or update will be effective as of the date specified by Freddie Mac.
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Source of record: https://claudeforcompliance.com/regs/fhlmc-2408-3/
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