Freddie Mac Single-Family Seller/Servicer Guide Chapter 8202 — Property Insurance

fhlmc-8202

Chapter 8202 of the Freddie Mac Single-Family Seller/Servicer Guide governs property and flood insurance: general property-insurance requirements, mortgage clause, minimum property insurance types and amounts, flood insurance, condo/co-op liability and fidelity, and Lender-Placed Insurance. NOTE: actual title is "Property Insurance".

Get this register: .xlsx .csv More bundles →

source:
  type: regulation
  id: fhlmc-8202
  authority: Freddie Mac Single-Family Seller/Servicer Guide Chapter 8202 — Property Insurance
  description: |
    Chapter 8202 of the Freddie Mac Single-Family Seller/Servicer Guide
    governs property and flood insurance: general property-insurance
    requirements, mortgage clause, minimum property insurance types and
    amounts, flood insurance, condo/co-op liability and fidelity, and
    Lender-Placed Insurance. NOTE: actual title is "Property Insurance".
obligations:
  - id: fhlmc-8202-maintain-property-insurance
    canonical_id: fhlmc-8202-maintain-property-insurance
    section: Freddie Mac Guide Section 8202.1(a) — General property insurance requirements
    description: |
      For as long as Freddie Mac owns a Mortgage, [LENDER] must ensure that
      the Mortgaged Premises is covered by insurance meeting the
      requirements of Chapters 4703 and 8202, including coverage for fire,
      windstorm, hurricane, hail, flood and localized perils when
      applicable.
    type: maintain
    audit_question: Can [LENDER] evidence that, for every Freddie Mac-owned Mortgage it services, the Mortgaged Premises is continuously covered by insurance meeting the Chapter 4703 and 8202 requirements?
    program_review: Does the program ensure every Freddie-owned Mortgage's premises is continuously covered by insurance meeting Chapters 4703 and 8202 (fire, windstorm, hurricane, hail, flood, localized perils as applicable)?
    file_review: Sample serviced loans; confirm continuous coverage meeting the Chapter 4703/8202 requirements.
    judgment: false
    feeds: []
    workflow_phase: servicing
    owner_role: escrow_analyst
    secondary_owner_role: compliance_officer
    cadence: continuous
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - fhlmc
      - freddie-mac
      - servicing-guide
      - property-insurance
      - promoted
    primary_source:
      tier: 1
      authority: Freddie Mac Single-Family Seller/Servicer Guide Section 8202.1(a)
      source_class: fhlmc-guide
      source_url: https://guide.freddiemac.com/ci-guide
      snapshot_id: 5869ee9e606cd4ae
      fetched_at: '2026-05-23T00:27:40Z'
      content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
      paragraph_quote: For as long as Freddie Mac owns a Mortgage, the Servicer must ensure that the Mortgaged
      drafter_attestation: Copied verbatim from Freddie Mac Guide snapshot 5869ee9e606cd4ae (Chapter 8202) at 2026-05-22.
    promoted_at: '2026-05-23T00:48:30+00:00'
    promoted_from: fhlmc-8202-roundb-v1.yaml
  - id: fhlmc-8202-flood-insurance-policies-controls
    canonical_id: fhlmc-8202-flood-insurance-policies-controls
    section: Freddie Mac Guide Section 8202.2 — Flood insurance requirements
    description: |
      [LENDER] must have policies and controls in place to ensure that the
      Mortgaged Premises, when required, has and maintains flood insurance
      coverage that meets the minimum requirements outlined in Section
      4703.3, for each Freddie Mac-owned Mortgage it services.
    type: maintain
    audit_question: Can [LENDER] evidence that, for every Freddie Mac-serviced Mortgage in a Special Flood Hazard Area or otherwise requiring flood insurance, policies and controls are in place to ensure flood insurance coverage meeting Section 4703.3 minimums is maintained?
    program_review: Does the program maintain policies/controls ensuring flood insurance meeting §4703.3 minimums is maintained on every serviced Mortgage in an SFHA or otherwise requiring it?
    file_review: For SFHA/flood-required loans, confirm coverage meeting §4703.3 minimums; review the controls.
    judgment: false
    feeds: []
    workflow_phase: servicing
    owner_role: escrow_analyst
    secondary_owner_role: compliance_officer
    cadence: continuous
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - fhlmc
      - freddie-mac
      - servicing-guide
      - flood-insurance
      - promoted
    primary_source:
      tier: 1
      authority: Freddie Mac Single-Family Seller/Servicer Guide Section 8202.2
      source_class: fhlmc-guide
      source_url: https://guide.freddiemac.com/ci-guide
      snapshot_id: 5869ee9e606cd4ae
      fetched_at: '2026-05-23T00:27:40Z'
      content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
      paragraph_quote: For each Freddie Mac-owned Mortgage it services, the Servicer must have policies and controls
      drafter_attestation: Copied verbatim from Freddie Mac Guide snapshot 5869ee9e606cd4ae (Chapter 8202) at 2026-05-22.
    promoted_at: '2026-05-23T00:48:30+00:00'
    promoted_from: fhlmc-8202-roundb-v1.yaml
  - id: fhlmc-8202-flood-no-lapses-premiums-paid
    canonical_id: fhlmc-8202-flood-no-lapses-premiums-paid
    section: Freddie Mac Guide Section 8202.2 — Flood insurance lapse prevention
    description: |
      [LENDER] must have policies, procedures and controls in place to
      ensure the property is adequately protected by flood insurance when
      required, with no lapses in coverage, and the flood insurance
      premiums are paid.
    type: maintain
    audit_question: Can [LENDER] evidence its policies, procedures and controls for ensuring no lapses in required flood insurance coverage on Freddie Mac-serviced Mortgages, and that flood insurance premiums are paid timely?
    program_review: Does the program have policies/procedures/controls ensuring no lapse in required flood coverage and timely payment of flood premiums?
    file_review: Sample flood-required loans; confirm no coverage lapse and timely premium payment via the lapse-prevention controls.
    judgment: false
    feeds: []
    workflow_phase: servicing
    owner_role: escrow_analyst
    secondary_owner_role: compliance_officer
    cadence: continuous
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - fhlmc
      - freddie-mac
      - servicing-guide
      - flood-insurance
      - lapse-prevention
      - promoted
    primary_source:
      tier: 1
      authority: Freddie Mac Single-Family Seller/Servicer Guide Section 8202.2
      source_class: fhlmc-guide
      source_url: https://guide.freddiemac.com/ci-guide
      snapshot_id: 5869ee9e606cd4ae
      fetched_at: '2026-05-23T00:27:40Z'
      content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
      paragraph_quote: The Servicer must have policies, procedures and controls in place to ensure the property is
      drafter_attestation: Copied verbatim from Freddie Mac Guide snapshot 5869ee9e606cd4ae (Chapter 8202) at 2026-05-22.
    promoted_at: '2026-05-23T00:48:30+00:00'
    promoted_from: fhlmc-8202-roundb-v1.yaml
_promotion_history:
  - promoted_at: '2026-05-23T00:48:30+00:00'
    candidate_path: obligations\_remediation\_round_b_drafts\fhlmc-8202-roundb-v1.yaml
    candidates_promoted: 3
    candidates_skipped_existing: 0

Verbatim regulatory text (3)

Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide Chapter 8202 — Property Insurance — 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 Guide Section 8202.1(a) — General property insurance requirements

For as long as Freddie Mac owns a Mortgage, the Servicer must ensure that the Mortgaged

Source: Freddie Mac Single-Family Seller/Servicer Guide Section 8202.1(a) · source URL · snapshot 5869ee9e606cd4ae

Freddie Mac Guide Section 8202.2 — Flood insurance requirements

For each Freddie Mac-owned Mortgage it services, the Servicer must have policies and controls

Source: Freddie Mac Single-Family Seller/Servicer Guide Section 8202.2 · source URL · snapshot 5869ee9e606cd4ae

Freddie Mac Guide Section 8202.2 — Flood insurance lapse prevention

The Servicer must have policies, procedures and controls in place to ensure the property is

Source: Freddie Mac Single-Family Seller/Servicer Guide Section 8202.2 · source URL · snapshot 5869ee9e606cd4ae