Freddie Mac Single-Family Seller/Servicer Guide 8504.2 — Outreach requirements for Mortgages with buydown plans
Freddie Mac Single-Family Seller/Servicer Guide section 8504.2 — Outreach requirements for Mortgages with buydown plans. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 8504.2 — Outreach requirements for Mortgages with buydown plans — 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 8504.2 — Outreach requirements for Mortgages with buydown plans
As outlined in Section 4204.3, Freddie Mac will purchase Mortgages with temporary subsidy buydown plans (buydown plans). Buydown plans allow the Borrower to benefit from temporary subsidies of the monthly payment of principal and interest. The buydown plan may not extend for more than three years after the first scheduled payment date. In coordination with the terms of the buydown agreement and the requirements outlined in Section 4204.3, the Servicer must send notification detailing any respective payment change to the Borrower 90 days prior to the applicable payment change.
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Source of record: https://claudeforcompliance.com/regs/fhlmc-8504-2/
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