Freddie Mac Single-Family Seller/Servicer Guide 6302.45 — Special delivery requirements for Cooperative Share Loans

Freddie Mac Single-Family Seller/Servicer Guide 6302.45 — Special delivery requirements for Cooperative Share Loans

Effective 2025-10-01 · Freddie Mac's stamp for this section

■ General requirements ■ Data delivery instructions ■ Delivery requirements for fixed-rate Cash Contracts ■ Pooling requirements for UMBS® and MBS (a) General requirements See Chapter 5705 for special eligibility requirements for Cooperative Share Loans. (b) Data delivery instructions (i) All Cooperative Share Loans For Cooperative Share Loans, the Seller must deliver the following ULDD Data Points: Data Required for Cooperative Share Loans Sort ID ULDD Data Point Valid Value Notes PROPERTY →Property Details 57 Financed Unit Count 1 47 Project Legal Structure Type Cooperative 641.5/ 641.6 Taxpayer Identifier Type/Taxpayer Identifier Value (In Loan Selling Advisor®, this appears as “HOA or Cooperative Housing Corporation Taxpayer Identifier”) If available, enter the Employer Identification Number (EIN) or Taxpayer Identification Number (TIN) for the Cooperative Housing Corporation. If the unit is located in a project with its HOA within a Master Association or Umbrella Planned Unit Development (PUD), enter the EIN or TIN of the HOA associated with the project, not the Master Association or Umbrella PUD. 42 Project Classification Identifier ▪ Exempt From Review ▪ Full Review Enter “Exempt From Review” for Freddie Macowned “no cash-out” refinance Cooperative Share Loans or Refi Possible® Mortgages, as described in Section 5705.7. Enter “Full Review” for all Cooperative Share Loans that are not delivered as “Exempt From Review. (ii) Cooperative Share Loans that are not delivered as Exempt From Review See Section 5705.7 for eligibility requirements for Exempt From Review. For Cooperative Share Loans that are not delivered as Exempt From Review, the Seller must deliver the following ULDD Data Points: Data Required for Cooperative Share Loans other than Exempt From Review Sort ID ULDD Data Point Valid Value Notes PROPERTY →Condominium Details 48 Project Name Enter the legal name of the project. 41 Project Attachment Type ▪ Attached ▪ Detached Enter “Attached” if any unit in the project has a common wall or other direct physical connection with another unit. Enter “Detached” only if no unit in the project has a common wall or other direct physical connection with another unit. 45 Project Dwelling Unit Count Enter the number of units in the project (including phases that are not yet complete). 46 Project Dwelling Units Sold Count Enter the number of units sold (including phases that are not yet complete). (c) Delivery requirements for fixed-rate Cash Contracts The UPB of all 10-, 15-, 20- and/or 30-year Cooperative Share Loans delivered by the Seller under fixed-rate Cash Contracts during any month must not exceed the greater of (i) $2 million in aggregate, or (ii) 10% of the UPB of each fixed-rate Mortgage product. (d) Pooling requirements for UMBS and MBS Refer to Section 6202.3 for pooling requirements for fixed-rate Cooperative Share Loans under the fixed-rate Guarantor or MultiLender Swap programs.

Source: Freddie Mac Single-Family Seller/Servicer Guide 6302.45 — Special delivery requirements for Cooperative Share Loans · source URL · snapshot 4c94f67729042dd6