Freddie Mac Single-Family Seller/Servicer Guide 1201.2 — Overview of Freddie Mac’s purchase programs
Freddie Mac Guide §1201.2 (Overview of Freddie Mac’s purchase programs). Gap-fill (verbatim, ID-diff).
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 1201.2 — Overview of Freddie Mac’s purchase programs — 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 1201.2 — Overview of Freddie Mac’s purchase programs
Freddie Mac purchase programs provide for the purchase of conventional Home Mortgages on a whole loan basis. Freddie Mac does not set a minimum loan amount for purchases and encourages the Seller to make loans of any amount. Mortgages under all purchase programs are purchased by Freddie Mac on a Required Net Yield basis to Freddie Mac. Freddie Mac compensates Seller/Servicers for Servicing Mortgages in an amount equal to the amount of interest payments received on the Mortgages that is over and above the Required Net Yield and authorizes Seller/Servicers to retain such compensation out of such interest payments. Under no circumstance does a Seller/Servicer retain any legal ownership in any portion of the interest due or received under a Mortgage that is owned by Freddie Mac. When a Mortgage is purchased, the Seller must select a Minimum Servicing Spread in an amount that provides adequate Servicing compensation to the Seller/Servicer.
Operationalizing Freddie Mac Single-Family Seller/Servicer Guide 1201.2 — Overview of Freddie Mac’s purchase programs
This is verbatim, source-snapshotted regulator text from the Claude for Compliance open corpus. To turn a rule like this into compliance work product: gap-analyze your policies and procedures (P&Ps) against these requirements to surface stale, conflicting, or missing provisions; operationalize any change with a ready-to-run update kit; and produce audit-ready evidence — every step grounded only in the regulator’s own words, never invented.
To work from the whole rulebook rather than this one page: download the corpus — every register on this site, verbatim, each with its source snapshot and effective date — then follow the methodology. It asks your assistant to answer only from the downloaded text, cite the register id and effective date it used, and tell you when the corpus does not cover something instead of filling the gap from memory. Running it locally also means no one sees which regulations you are looking at.
Source of record: https://claudeforcompliance.com/regs/fhlmc-1201-2/
· register fhlmc-1201-2 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.