Freddie Mac Single-Family Seller/Servicer Guide 4204.4 — Shared equity plans
Freddie Mac Single-Family Seller/Servicer Guide Section 4204.4 — Shared equity plans.
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 4204.4 — Shared equity 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 4204.4 — Shared equity plans
Freddie Mac does not approve individual shared equity plans; Freddie Mac will, however, consider purchasing Mortgages subject to individual shared equity plans if all of the following requirements are met: ■ The Seller must obtain a Mortgage application, financial statements and credit reports for both the Owner-Occupant and the owner-investor ■ All requirements in the Seller’s Purchase Documents must be satisfied ■ The shared equity plan must be a written agreement and the Seller must retain a copy in the Mortgage file The Seller warrants the following: ■ The Owner-Occupant made a Down Payment of at least 5% from Borrower personal funds as described in Section 5501.3(k) ■ The owner-investor made an additional Down Payment of at least 5% ■ Both the Owner-Occupant and the owner-investor signed the Note and Security Instrument ■ Both the Owner-Occupant and the owner-investor are individuals (i.e., not corporations, limited partnerships, partnerships or trusts) ■ No agreement requiring the sale of the property or the buyout of either owner’s interest may be in effect during the first seven years after the Note Date ■ Neither the property seller nor any other interested party to the transaction (such as a builder, a real estate broker or a real estate agent) is a party to the shared equity plan ■ The Seller/Servicer is able to service the Mortgage according to the requirements of the Guide
Operationalizing Freddie Mac Single-Family Seller/Servicer Guide 4204.4 — Shared equity plans
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-4204-4/
· register fhlmc-4204-4 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.