Freddie Mac Single-Family Seller/Servicer Guide §2101.3 — Activity thresholds and no-activity fee (04/07/21)
Freddie Mac Guide §2101.3 (Activity thresholds and no-activity fee). Gap-fill (verbatim, ID-diff).
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide §2101.3 — Activity thresholds and no-activity fee (04/07/21) — 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 2101.3
(04/07/21) Beginning January 1, 2014, a Seller/Servicer that does not meet certain activity thresholds may be assessed a no-activity fee. To avoid being assessed the no-activity fee, Seller/Servicers must meet at least one of the following activity thresholds: ■ Sell to Freddie Mac during the immediately preceding 36 months, or ■ Service, or be a Servicing Agent for, a Mortgage portfolio for Freddie Mac as of December 31 of the immediately preceding calendar year New Seller/Servicers are exempt from the fee until they have been approved by Freddie Mac for three years. The no-activity fee may also be assessed for each subsequent calendar year in which the Seller/Servicer does not meet the activity threshold but remains an approved Freddie Mac Seller/Servicer. The fee will be assessed and paid in accordance with the requirements of Chapter 6303.