Freddie Mac Single-Family Seller/Servicer Guide 4701.5 — Mortgage insurance for Cooperative Share Loans

fhlmc-4701-5

Freddie Mac Single-Family Seller/Servicer Guide section 4701.5 — Mortgage insurance for Cooperative Share Loans. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.

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Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 4701.5 — Mortgage insurance for Cooperative Share Loans — 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 4701.5 — Mortgage insurance for Cooperative Share Loans

Effective 2020-05-04 · Freddie Mac's stamp for this section

Notwithstanding the requirements of Section 4701.1, for New York properties, the sales price of the Cooperative Interest may be used solely for the purpose of determining whether mortgage insurance is required for purchase transaction Cooperative Share Loans. If mortgage insurance is required, the requirements of Section 4701.1 apply for determining the loan-to-value ratio for the required percentage of mortgage insurance coverage and for purposes of determining whether mortgage insurance should be canceled.

Source: Freddie Mac Single-Family Seller/Servicer Guide 4701.5 — Mortgage insurance for Cooperative Share Loans · source URL · snapshot 4c94f67729042dd6

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Source of record: https://claudeforcompliance.com/regs/fhlmc-4701-5/ · register fhlmc-4701-5 · verbatim, source-snapshotted regulator text from the Claude for Compliance corpus. To work from every register at once, download the corpus and follow the methodology.