Freddie Mac Single-Family Seller/Servicer Guide 3101.2 — FHFA Suspended Couterparty Program
Freddie Mac Guide §3101.2 (FHFA Suspended Couterparty Program). Gap-fill (verbatim, ID-diff).
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Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 3101.2 — FHFA Suspended Couterparty Program — 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 3101.2 — FHFA Suspended Couterparty Program
This section contains requirements related to: ■ Avoiding employing Named Parties ■ Selling or Servicing Mortgages involving Named Parties ■ Responsibility to review FHFA’s SCP list FHFA maintains a Suspended Counterparty Program (SCP) and requires Freddie Mac to refrain from and/or cease conducting business with individuals and entities listed on FHFA’s SCP list (“Named Parties”), subject to any conditions or exclusions in the applicable Named Party’s final suspension order. (a) Avoiding employing Named Parties Seller/Servicers must establish and maintain procedures to ensure Seller/Servicers do not employ or contract with Named Parties for any purpose directly related to the origination, underwriting, or Servicing of a Freddie Mac Mortgage, subject to any conditions or exclusions in the applicable SCP Named Party’s final suspension order. (b) Selling or Servicing Mortgages involving Named Parties The Seller must not sell to Freddie Mac, and the Servicer must not engage in any Servicing activity in connection with, any Mortgage in which a Named Party is a necessary signatory on the Note, Security Instrument, modification agreement, deed of sale (e.g., short sale, thirdparty sale, etc.) or other contract related to such Mortgage, subject to any conditions or exclusions in the applicable Named Party’s final suspension order. (c) Responsibility to review FHFA’s SCP list Seller/Servicers are responsible for reviewing FHFA’s SCP list and related final suspension orders, which can be found on FHFA’s website at http://www.fhfa.gov/SupervisionRegulation/LegalDocuments/Pages/SuspendedCounter partyProgram.aspx.
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Source of record: https://claudeforcompliance.com/regs/fhlmc-3101-2/
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