Freddie Mac Single-Family Seller/Servicer Guide §6203.2 — Fixed-Rate Guarantor Contract requirements (11/05/25)
Freddie Mac Guide §6203.2 (Fixed-Rate Guarantor Contract requirements). Gap-fill (verbatim, ID-diff).
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide §6203.2 — Fixed-Rate Guarantor Contract requirements (11/05/25) — 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 Guide 6203.2
(11/05/25) This section contains requirements related to: ■ Offer procedures for Fixed-Rate Guarantor Contracts ■ Purchase and sale obligations and Commitment Amounts for Fixed-Rate Guarantor Contracts
Freddie Mac Guide 6203.2
203-2 (a) Offer procedures for Fixed-Rate Guarantor Contracts (i) Settlement Date and Settlement Cycle The Seller may take out one or more Fixed-Rate Guarantor Contracts each Business Day. When taking out a Fixed-Rate Guarantor Contract, the information that the Seller must provide includes, but is not limited to, the Settlement Date and the Settlement Cycle. The Seller must select a Settlement Date that is a Business Day on or before the latest Settlement Date associated with the applicable Pricing Identifier (i.e., the Pricing Identifier Expiration Date). The Seller must select a 2-, 3-, 4- or 5-day Settlement Cycle, or, for early pool disclosure, the Seller must select a 6- to 15-day Settlement Cycle. (ii) Changes to Settlement Date The Seller may change the Settlement Date as follows: ■ If the Settlement Cycle has not commenced, the Seller may change the Settlement Date to a Business Day in the same month or another month provided that the new Settlement Date is on or before the latest Settlement Date associated with the applicable Pricing Identifier. It is also possible to change the Final Delivery Date. ■ If the Settlement Cycle has commenced, the Seller may change the Settlement Date to a later Business Day in the same month provided that the new Settlement Date is on or before the latest Settlement Date associated with the applicable Pricing Identifier. The Final Delivery Date cannot change. For Sellers that have selected a 6- to 15-day Settlement Cycle: ■ Mortgage(s) may be removed from the early pool disclosure contract due to the Mortgage(s) being paid if the Settlement Cycle has commenced and the removal occurs 48 hours prior to the Settlement Date ■ Sellers must still meet the Swap Disclosure and Pooling requirements of Chapter 6202 if any Mortgages are removed ■ To submit a request for a Mortgage to be removed, Sellers should contact Customer Service at 800-FREDDIE See Section 6202.3 for minimum pool amount requirements for UMBS® and MBS.
Freddie Mac Guide 6203.2
203-3 (iii) Gold Rush fee If the Seller selects a 2-, 3- or 4-day Settlement Cycle, the Seller will be assessed a Gold Rush® fee, to be paid in accordance with Section 6303.2(a). Gold Rush fee rates are: ■ Expressed in basis points ■ Applied to the aggregate UPB of the Mortgages allocated to a Fixed-Rate Guarantor Contract funded by Freddie Mac on the requested Settlement Date ■ Subject to change on a monthly basis ■ Available through Loan Selling Advisor® on the Guarantor Rate Sheet results screen under the Credit Fees section (iv) Delivery/contract cancelation Delivery under a Fixed-Rate Guarantor Contract is optional. The Seller may cancel a Fixed-Rate Guarantor Contract in Loan Selling Advisor until 8:00 p.m. Eastern time on the Business Day immediately preceding the Settlement Date. (b) Purchase and sale obligations and Commitment Amounts for Fixed-Rate Guarantor Contracts (i) Purchase and sale obligations The Seller makes an offer to sell Mortgages to Freddie Mac when the Seller enters the required data into Loan Selling Advisor to take out a Fixed-Rate Guarantor Contract. A binding contract is created when the Seller accepts the Fixed-Rate Guarantor Contract’s terms and conditions made available to the Seller by Freddie Mac. (ii) Commitment Amounts The Seller must monitor the aggregate UPB of all Mortgages the Seller delivers to Freddie Mac under Pricing Identifier Terms to ensure that the Commitment Amount tolerance is not exceeded.
Freddie Mac Guide 6203.2
Purchase and settlement requirements for Mortgages sold through Loan Selling Advisor® under the fixed-rate Guarantor program (12/17/25) This section contains requirements related to:
Freddie Mac Guide 6203.2
203-4 ■ Purchase requirements for Mortgages sold through Loan Selling Advisor® under the fixed- rate Guarantor program ■ Providing data for Mortgages sold through Loan Selling Advisor under the fixed-rate Guarantor program ■ Wire transfer instructions/delivery of UMBS® and MBS for Mortgages sold through Loan Selling Advisor under the fixed-rate Guarantor program (a) Purchase requirements for Mortgages sold through Loan Selling Advisor under the fixed-rate Guarantor program Freddie Mac will purchase eligible fixed-rate Mortgages that meet the requirements of the Purchase Documents under the fixed-rate Guarantor program. The eligible Mortgages must have a Note Rate at least equal to the requested Coupon plus the following: ■ The Credit Fee in Yield (as adjusted for buyup or buydown), and ■ Minimum Contract Servicing Spread Note: For Mortgages with annual or monthly premium lender-paid mortgage insurance, the Minimum Contract Servicing Spread must be at least 0.250%, include the amount necessary to pay the lender-paid mortgage insurance premium when due, and not exceed 0.500%. Nothing herein affects the provisions set forth in: ■ Chapter 6201 related to the Guarantor and MultiLender Swap programs ■ Chapter 6202 related to Swap disclosure and pooling requirements (b) Providing data for Mortgages sold through Loan Selling Advisor under the fixed-rate Guarantor program The Seller must provide the data for all Mortgages sold under the Guarantor program by: ■ Importing the required data into Loan Selling Advisor, or ■ Importing the relevant Loan Product Advisor® loan data, based on the Key Number, into Loan Selling Advisor, or ■ Manually entering the loan data for each Mortgage into Loan Selling Advisor The Seller must then allocate those Mortgages to a Fixed-Rate Guarantor Contract.
Freddie Mac Guide 6203.2
203-5 Loan Selling Advisor will automatically assign Freddie Mac loan numbers to Mortgages sold under the fixed-rate Guarantor program. (c) Wire transfer instructions/delivery of UMBS® and MBS for Mortgages sold through Loan Selling Advisor under the fixed-rate Guarantor program The Seller must assign and manage their wire instructions for Mortgages sold under the fixed-rate Guarantor program through Loan Selling Advisor as required by Section 6201.3(b). (i) Employees authorized to provide wire instructions Pursuant to Section 2403.2(b), the Seller must provide information to Freddie Mac regarding authorized Loan Selling Advisor users and their designated user roles. Any employee or employees designated to perform the Setup Manager Role on the Seller’s behalf must be designated by the Seller as one of the employees authorized to provide Freddie Mac with instructions (or modify instructions) to transfer funds or securities on the Seller’s behalf in connection with the sale of Mortgages to Freddie Mac. This designation must be documented using the following forms, as applicable: ■ Form 988SF, Certificate of Incumbency for a Bank, Savings Bank, Savings and Loan Association, Credit Union, Corporation or Limited Liability Company, or ■ Form 989SF, Certificate of Incumbency for Limited Partnerships See Section 2201.1 for additional information regarding certificate of incumbency requirements. (ii) Timing for completion of wiring instructions In order for the Fixed-Rate Guarantor Contract to enter the Settlement Cycle, wiring instructions must be completed in Loan Selling Advisor no later than 8:00 p.m. Eastern time on the Final Delivery Date. If changes need to be made to the wire instructions, the Seller must provide the revised wire transfer instructions in Loan Selling Advisor no later than 8:00 p.m. Eastern time on the last Business Day before the Settlement Date.
Freddie Mac Guide 6203.2
203-6 (iii)Additional Warehouse Lender requirement to submit Form 996E, Warehouse Provider Release and Transfer In addition to the completion of wiring instructions, if Pledged Mortgages are allocated to a contract, the Warehouse Lender must submit Form 996E through Loan Selling Advisor by no later than 8:00 p.m. Eastern time on the Final Delivery Date. However, the Seller may revise and resubmit Form 996E by 12:30 p.m. Eastern time the last Business Day before the Settlement Date if the wire instructions change.
Freddie Mac Guide 6203.2
Remittance cycle and Servicing Spreads for Mortgages sold through Loan Selling Advisor® under the fixed-rate Guarantor program (11/05/25) This section contains requirements related to: ■ Remittance cycle ■ Servicing Spread Information and requirements relating to the remittance cycle and Servicing Spreads applicable to fixed-rate Mortgages sold under the fixed-rate Guarantor program through Loan Selling Advisor® are those set forth in Chapter 6201 as amended or supplemented by this chapter or Loan Selling Advisor. (a) Remittance cycle The Standard Remittance Cycle applies to Mortgages sold under a Fixed-Rate Guarantor Contract. (b) Servicing Spread In Loan Selling Advisor, Minimum Required Servicing Spread means Minimum Contract Servicing Spread as that term is defined in the Guide. The Minimum Contract Servicing Spread must be at least 0.25%, and, for Mortgages sold under fixed-rate Guarantor, the maximum Servicing Spread may not exceed 0.500%. For fixed-rate Mortgages with lender-paid mortgage insurance that have annual or monthly renewal premiums, the Minimum Contract Servicing Spread must be at least 0.25%, include the amount necessary to pay the mortgage insurance premium when due and not exceed 0.500%.
Freddie Mac Guide 6203.2
Loan Purchase Statements and UMBS® and MBS disclosure for Mortgages sold through Loan Selling Advisor® under the fixed-rate Guarantor program (12/03/25) This section contains requirements related to: ■ Loan Purchase Statement ■ Disclosure for UMBS® and MBS formed under the fixed-rate Guarantor program (a) Loan Purchase Statement Form 15, Loan Purchase Statement (Form 15A for UMBS or MBS), will be accessible to the Seller in Loan Selling Advisor® by the first day of the Settlement Cycle. Sellers that have selected a 6- to 15-day Settlement Cycle and removed Mortgages from an early pool disclosure contract, as permitted in Section 6203.2(a), should access updated Form 15. (b) Disclosure for UMBS and MBS formed under the fixed-rate Guarantor program For each Pool formed under the fixed-rate Guarantor program, Freddie Mac will provide a Pool Supplement that contains information about the Mortgages in the Pool as of the Settlement Date. The Pool Supplement can be obtained: ■ On the Freddie Mac website (https://capitalmarkets.freddiemac.com/mbs) ■ Via a link in Loan Selling Advisor to Form 15 (Form 15A for UMBS or MBS), available on the first day of the Settlement Cycle, or ■ By contacting Investor Inquiry at (800) 336-3672 See Section 6201.6(a)(i) for additional information regarding the Pool Supplement and other information Freddie Mac makes available on its website and through information vendors about the Mortgages in a Pool.
Freddie Mac Guide 6203.2
204-1 Chapter 6204: Sale of Mortgages through Loan Selling Advisor® under WAC ARM Guarantor Program