Freddie Mac Single-Family Seller/Servicer Guide 6305.1 — Warehouse financing arrangements
Freddie Mac Single-Family Seller/Servicer Guide Section 6305.1 — Warehouse financing arrangements.
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Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 6305.1 — Warehouse financing arrangements — 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 6305.1 — Warehouse financing arrangements
This chapter addresses arrangements in which the Seller has entered into a Warehouse Agreement with a Warehouse Lender and has granted that Warehouse Lender a security interest in or conveyed to that Warehouse Lender an ownership interest in, certain Mortgages that are subsequently offered for sale to Freddie Mac. In these situations, the Warehouse Lender also holds the Note and, at times, ancillary documents for those Mortgages and delivers the Note (and, at times, ancillary documents) to Freddie Mac pursuant to the Seller’s Purchase Contract with Freddie Mac. Subject to certain conditions, the Document Custodian will hold the Note and any ancillary documents relating to the Pledged Mortgages pending their purchase by Freddie Mac. This chapter sets forth and explains the relationships among the Seller, the Warehouse Lender and Freddie Mac. Note: For additional requirements related to Pledged eMortgages, see Sections 1402.3(d) and 1402.6.
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Source of record: https://claudeforcompliance.com/regs/fhlmc-6305-1/
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