Freddie Mac Single-Family Seller/Servicer Guide 6302.24 — Special delivery requirements for Financed Permanent Buydown Mortgages
Freddie Mac Single-Family Seller/Servicer Guide section 6302.24 — Special delivery requirements for Financed Permanent Buydown Mortgages. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 6302.24 — Special delivery requirements for Financed Permanent Buydown 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 6302.24 — Special delivery requirements for Financed Permanent Buydown Mortgages
■ General requirements ■ Data delivery instructions (a) General requirements See Chapter 4601 for special eligibility requirements for Financed Permanent Buydown Mortgages. (b) Data delivery instructions (i) Mortgages with financed permanent buydowns For all Mortgages with financed permanent buydowns, the Seller must deliver the following ULDD Data Points: Data Required for All Mortgages with Financed Permanent Buydowns Sort ID ULDD Data Point Valid Value Notes LOAN – Closing → Note Details 321 Note Rate Percent Enter the permanently bought down initial Note Rate. 268 Initial Principal And Interest Payment Amount Enter the initial principal and interest (P&I) payment amount at the permanently bought down Note Rate. → Additional Underwriting Details 292 Total Monthly Proposed Housing Expense Amount Calculate using the initial P&I payment amount at the permanently bought down Note Rate. Round to the nearest dollar. → Delivered LTV Values 255 LTV Ratio Percent Calculate this value using the Mortgage amount that includes the financed discount points. Data Required for All Mortgages with Financed Permanent Buydowns Sort ID ULDD Data Point Valid Value Notes TOTAL LOANS → Delivered LTV Values 91 Combined LTV Ratio Percent Calculate this value using the Mortgage amount that includes the financed discount points. (ii) ARMs with financed permanent buydowns For ARMs with financed permanent buydowns, the Seller must deliver the following ULDD Data Point: Data Required for ARMs with Financed Permanent Buydowns Sort ID ULDD Data Point Valid Value Notes LOAN – Closing → ARM Details 114 Ceiling Rate Percent Calculate this value using the permanently bought down initial Note Rate.
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Source of record: https://claudeforcompliance.com/regs/fhlmc-6302-24/
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