Freddie Mac Single-Family Seller/Servicer Guide 4607.2 — Eligible and ineligible CHOICERenovation® Mortgages
Freddie Mac Single-Family Seller/Servicer Guide section 4607.2 — Eligible and ineligible CHOICERenovation® Mortgages. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 4607.2 — Eligible and ineligible 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 4607.2 — Eligible and ineligible CHOICERenovation® Mortgages
This section contains requirements related to: ■ Eligible Mortgages ■ Ineligible Mortgages (a) Eligible Mortgages CHOICERenovation® Mortgages must be First Lien Mortgages and may be any Mortgage eligible under the Seller’s Purchase Documents, unless specifically described as ineligible below. (b) Ineligible Mortgages Mortgages with the following characteristics are not eligible for sale to Freddie Mac as CHOICERenovation Mortgages: ■ Community Land Trust Mortgages ■ Financed Permanent Buydown Mortgages ■ Freddie Mac Enhanced Relief Refinance® Mortgages ■ Government Mortgages ■ Refi Possible® Mortgages ■ Seller-Owned Converted Mortgages ■ Seller-Owned Modified Mortgages ■ Special purpose cash-out refinance Mortgages
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Source of record: https://claudeforcompliance.com/regs/fhlmc-4607-2/
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