Freddie Mac Single-Family Seller/Servicer Guide 6302.23 — Special delivery requirements for GreenCHOICE Mortgages®
Freddie Mac Single-Family Seller/Servicer Guide section 6302.23 — Special delivery requirements for GreenCHOICE Mortgages®. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.
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Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 6302.23 — Special delivery requirements for GreenCHOICE 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 6302.23 — Special delivery requirements for GreenCHOICE Mortgages®
■ General requirements ■ Data delivery instructions (a) General requirements See Chapter 4606 for special eligibility requirements for GreenCHOICE Mortgages®. (b) Data delivery instructions For GreenCHOICE Mortgages, the Seller must deliver the following ULDD Data Points: Data Required for GreenCHOICE Mortgages Sort ID ULDD Data Point Valid Value Notes PROPERTY →Affordable Details 90.2 Renewable Energy Component Type Geothermal OtherEnergyComponent Solar WindTurbine Enter “Geothermal” for heat energy derived from the earth. Enter “OtherEnergyComponent” for other source. Enter “Solar” for energy derived from the sun. Enter “WindTurbine” if electrical energy is obtained using wind. LOAN – Closing →Note Details 320 Note Date Enter the date of GreenCHOICE Mortgage funding and not the anticipated date of final disbursement of the Escrow Funds. →Origination Details 234 Escrow Indicator true LOAN – Closing and LOAN – Modification → Affordable Details 244.1 Energy Improvement Amount Enter the cost of the eligible improvements as described in Section 4606.1(b) or the amount to pay an Existing Debt (as defined in Section 4606.1(c)). The amount entered must be greater than “0” (zero). LOAN – Current → Product Details 404 Loan Program Identifier GreenCHOICE Enter “GreenCHOICE” to indicate GreenCHOICE Mortgage, for a purchase or “no cash-out” refinance Mortgage to finance eligible improvements, subject to the additional requirements in Section 4606.3(a). 404 Loan Program Identifier GreenCHOICE To Pay Off Outstanding Energy Debt Enter “GreenCHOICE To Pay Off Outstanding Energy Debt” to indicate GreenCHOICE Mortgage to pay an Existing Debt, for a “no cash-out” refinance Mortgage, subject to the additional requirements in Section 4606.3(b). → Escrow Details 363 Escrow Balance Amount Enter the Escrow balance amount sufficient to cover the cost of the eligible improvements.
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Source of record: https://claudeforcompliance.com/regs/fhlmc-6302-23/
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