Freddie Mac Single-Family Seller/Servicer Guide 6201.4 — Guarantor and MultiLender Swap program Servicing options and remittance

Freddie Mac Single-Family Seller/Servicer Guide 6201.4 — Guarantor and MultiLender Swap program Servicing options and remittance

Effective 2025-12-03 · Freddie Mac's stamp for this section

This section contains requirements related to: ■ Remittance cycles under the Guarantor and MultiLender Swap programs ■ Purchase requirements for Mortgages sold under the Guarantor and MultiLender Swap programs (a) Remittance cycles under the Guarantor and MultiLender Swap programs The Standard Remittance Cycle applies to Mortgages sold under the Guarantor and MultiLender Swap programs. (b) Purchase requirements for Mortgages sold under the Guarantor and MultiLender Swap programs Mortgages sold to Freddie Mac under the Guarantor program and the MultiLender Swap program must meet the requirements set forth in the Purchase Documents. (i) Fixed-rate Guarantor program Under the fixed-rate Guarantor program, Freddie Mac will purchase fixed-rate Mortgages that have a Note Rate at least equal to the requested Coupon plus the Credit Fee in Yield (as adjusted for buyup or buydown) plus the Minimum Contract Servicing Spread. For fixed-rate Guarantor: ■ The Minimum Contract Servicing Spread must be at least 0.250% ■ Mortgages sold under fixed-rate Guarantor the maximum Servicing Spread, may not exceed 0.500% ■ The Minimum Contract Servicing Spread must be equal to or greater than the Minimum Servicing Spread ■ For Mortgages with lender-paid mortgage insurance that have annual or monthly renewal premiums, the Minimum Contract Servicing Spread must be at least 0.250% and must: ❑ Include the amount necessary to pay the mortgage insurance premium when due, and ❑ Not exceed 0.500% (ii) MultiLender Swap program Under the MultiLender Swap program, Freddie Mac will purchase fixed-rate Mortgages that have a Note Rate (as adjusted for buyup or buydown, and inclusive of any lenderpaid mortgage insurance premium) within the specified posted Note Rate range for that program. For MultiLender Swap: ■ The Minimum Contract Servicing Spread must be at least 0.250% ■ The maximum Servicing Spread may not exceed 0.500% ■ The Minimum Contract Servicing Spread must be equal to or greater than the Minimum Servicing Spread (iii)WAC ARM Guarantor program See Section 4401.1(b) for Margin requirements for SOFR-indexed ARMs. For WAC ARM Guarantor, the Minimum Contract Servicing Spread must be at least 0.250% and may not exceed 2.00%. For ARMs with lender-paid mortgage insurance that have annual or monthly renewal premiums, the Minimum Contract Servicing Spread must include the amount necessary to pay the mortgage insurance premium when due. (A) Discrete Minimum Contract Servicing Spread types In addition, under the WAC ARM Guarantor program, the Seller selects a value for three discrete Minimum Contract Servicing Spreads: ■ Minimum Coupon Servicing Spread ■ Minimum Margin Servicing Spread ■ Minimum Lifetime Ceiling Servicing Spread Subject to the requirements below, the Seller may select the same value or a different value for any of the three discrete Minimum Contract Servicing Spreads. When the Seller selects a different value for any of the three discrete Minimum Contract Servicing Spreads, the affected ARMs are referred to as having variable servicing spreads. (B) Requirements for each spread type The requirements for each spread type are as follows: ■ Minimum coupon servicing spread: The minimum coupon servicing spread is the Minimum Contract Servicing Spread applicable to an ARM from the date that Freddie Mac purchases the ARM and during the period of time that the adjusted Note Rate is limited by the Initial Cap or Periodic Cap, as applicable. The minimum coupon servicing spread may not vary by more than 0.250% from the minimum margin servicing spread and the minimum lifetime ceiling servicing spread. ■ Minimum margin servicing spread: The minimum margin servicing spread is the Minimum Contract Servicing Spread applicable to an ARM from the first time that the adjusted Note Rate is equal to the sum of the Index value plus the Margin. The minimum margin servicing spread may not vary by more than 0.250% from the minimum coupon servicing spread and the minimum lifetime ceiling servicing spread. ■ Minimum lifetime ceiling servicing spread: The minimum lifetime ceiling servicing spread is the Minimum Contract Servicing Spread applicable to an ARM, from the first time that the adjusted Note Rate is limited by the Lifetime Ceiling through the remaining term of the ARM. The minimum lifetime ceiling servicing spread may not vary by more than 0.250% from the minimum coupon servicing spread and the minimum margin servicing spread.

Source: Freddie Mac Single-Family Seller/Servicer Guide 6201.4 — Guarantor and MultiLender Swap program Servicing options and remittance · source URL · snapshot 4c94f67729042dd6