Freddie Mac Single-Family Seller/Servicer Guide 4406.3 — Payment of financial obligation requirements for Mortgages secured by properties subject to resale restrictions
Freddie Mac Single-Family Seller/Servicer Guide section 4406.3 — Payment of financial obligation requirements for Mortgages secured by properties subject to resale restrictions. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 4406.3 — Payment of financial obligation requirements for Mortgages secured by properties subject to resale restrictions — 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 4406.3 — Payment of financial obligation requirements for Mortgages secured by properties subject to resale restrictions
If applicable, recurring monthly payments associated with the financial subsidy that was provided when the property subject to resale restrictions was purchased by the Borrower must be included in the monthly housing expense. Any term included in the resale restricted covenants requiring the owner of a property subject to resale restrictions to make payments under certain circumstances or requiring repayment of the financial subsidy, in whole or in part, must state that the payment obligation is subordinate to the First Lien Mortgage.
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Source of record: https://claudeforcompliance.com/regs/fhlmc-4406-3/
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