Freddie Mac Single-Family Seller/Servicer Guide 6302.35 — Special delivery requirements for Mortgages eligible for sale using the loan-level buyup and buydown program
Freddie Mac Single-Family Seller/Servicer Guide section 6302.35 — Special delivery requirements for Mortgages eligible for sale using the loan-level buyup and buydown program. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.
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Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 6302.35 — Special delivery requirements for Mortgages eligible for sale using the loan-level buyup and buydown program — 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 6302.35 — Special delivery requirements for Mortgages eligible for sale using the loan-level buyup and buydown program
■ General requirements ■ Data delivery instructions ■ Delivery programs (a) General requirements See Section 6201.2(c) for requirements regarding the loan-level buyup and buydown program. (b) Data delivery instructions For Mortgages sold to Freddie Mac using the loan-level buyup and buydown program, the Seller must deliver the following ULDD Data Points: Data Required for Loan-Level Buyup or Buydown Mortgages Sort ID ULDD Data Point Valid Value Notes LOAN – Current → Loan Level Buyup/Buydown Details 387 Loan Buyup Buydown Type ▪ Buydown ▪ Buyup ▪ BuyupBuydownDoesNotApply Enter “Buyup” for loanlevel buyup. Enter “Buydown” for loan-level buydown. Enter “BuyupBuydownDoesN otApply” when loanlevel buyup and buydown does not apply. 386 Loan Buyup Buydown Basis Point Number Enter, in basis points, the increase or decrease amount of the Credit Fee in Yield for each individual Mortgage allocated to a specific Guarantor or MultiLender Swap Contract. Leave blank if a loanlevel buyup/buydown is not elected. (c) Delivery programs Mortgages may be sold only under the following programs: ■ Fixed-rate Guarantor ■ MultiLender Swap
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Source of record: https://claudeforcompliance.com/regs/fhlmc-6302-35/
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