Freddie Mac Single-Family Seller/Servicer Guide 2301.2 — Request for voluntary termination of status as a Freddie Mac Seller or Servicer

Freddie Mac Single-Family Seller/Servicer Guide 2301.2 — Request for voluntary termination of status as a Freddie Mac Seller or Servicer

Effective 2025-12-17 · Freddie Mac's stamp for this section

This section contains requirements related to: ■ Submission and receipt of request ■ Approval and conditions of termination A Seller/Servicer may ask for a voluntary termination of its status as a Freddie Mac-approved Seller and/or Servicer by submitting a request to Freddie Mac. The request may be submitted in writing or submitted or transmitted in the form of a Record or Electronic Record, as those terms are defined in Section 1401.1(b), by the Seller/Servicer’s authorized employee or representative. If the request is Electronic, it must be signed using the Seller/Servicer’s Electronic Signature and will be subject to Chapter 1401. (a) Submission and receipt of request The request will be deemed to have been duly given to and received by Freddie Mac on the date such request is: ■ Received in writing by Freddie Mac (see Directory 1) via first class mail ■ Received in electronic form (e-mail) as an Electronic Record by Freddie Mac’s computer information processing system via the internet at its internet e-mail address (see Directory 1) ■ Received as a Record or Electronic Record in electronic form (facsimile) by Freddie Mac’s electronic facsimile machine or system at Freddie Mac (see Directory 1) Other addresses may be substituted for the above upon notice of the substitution. The Seller/Servicer may also request the termination of its status as a Freddie Mac-approved Seller and/or Servicer by submitting a Change and Activity Report as described in Section 2101.12. (b) Approval and conditions of termination The Seller/Servicer’s voluntary termination shall not be effective until an authorized representative of Freddie Mac has approved the request in writing or in a Record or Electronic Record. Freddie Mac may condition its approval of a voluntary termination on requirements such as full satisfaction of: ■ FRE Claims, ■ The transfer of any portfolio, and/or ■ Compensation to Freddie Mac for a negatively valued portfolio In the event of a portfolio transfer, the Servicer is responsible for all transfer-related expenses and remains responsible and liable to Freddie Mac for all representations and warranties arising prior to the transfer.

Source: Freddie Mac Single-Family Seller/Servicer Guide 2301.2 — Request for voluntary termination of status as a Freddie Mac Seller or Servicer · source URL · snapshot 4c94f67729042dd6