Freddie Mac Single-Family Seller/Servicer Guide 4607.15 — Representations and warranties for CHOICERenovation® Mortgages
Freddie Mac Single-Family Seller/Servicer Guide section 4607.15 — Representations and warranties for CHOICERenovation® Mortgages. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 4607.15 — Representations and warranties for CHOICERenovation® Mortgages — 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 4607.15 — Representations and warranties for CHOICERenovation® Mortgages
The selling representation and warranty framework described in Section 1301.6 applies to CHOICERenovation® Mortgages that meet the requirements of this Chapter 4607 provided that, starting on the date that the payments are paid by the Borrower and not from the completion escrow account or Custodial Account for Renovation Funds (as described in Sections 4607.11 and 4607.12), as applicable, the Borrower: 1. Made the first 36 monthly payments due with no more than two 30-day Delinquencies and no 60-day or greater Delinquencies, and 2. Is not 30 or more days delinquent with respect to the 36th monthly payment
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Source of record: https://claudeforcompliance.com/regs/fhlmc-4607-15/
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