Freddie Mac Single-Family Seller/Servicer Guide Section 4302.2 — Acceptable refinance practices

Freddie Mac Single-Family Seller/Servicer Guide Section 4302.2 — Acceptable refinance practices

4302.2: Acceptable refinance practices (12/04/24) This section contains requirements related to: ■ Advertising and solicitation ■ Advertising and other communications with Borrowers (a) Advertising and solicitation The Seller may target Mortgages owned or securitized by Freddie Mac for the Refi Possible® offering, provided that the Borrower’s income is less than or equal to 100% of the Area Median Income and the Seller simultaneously applies the same advertising and solicitation activities with respect to Borrowers with Mortgages owned or securitized by Fannie Mae. (b) Advertising and other communications with Borrowers If a Seller chooses to reach out to Borrowers and the Seller’s communication includes a reference to Freddie Mac, then the communication must also include the following (or substantively similar) verbiage: ■ Freddie Mac and Fannie Mae have adopted a new refinance option for Mortgages to Borrowers with incomes at or below 100% of the Area Median Income. If your Mortgage is owned or guaranteed by either Freddie Mac or Fannie Mae, you may be eligible to refinance your Mortgage under one of these refinance options. ■ You can determine whether your Mortgage is owned by Freddie Mac by checking Freddie Mac’s website at https://loanlookup.freddiemac.com/ Freddie Mac Single-Family Seller/Servicer Guide Chapter 4302 As of 04/12/26 Page 4302-2 4302.3: Eligibility requirements for the Mortgage being refinanced (12/04/24) Eligibility requirements for the Mortgage being refinanced under the Refi Possible® offering Topic Eligibility requirements for Mortgage being refinanced General eligibility requirements The Mortgage being refinanced must: ■ Be a First Lien, conventional Mortgage currently owned by Freddie Mac, in whole or in part, or securitized by Freddie Mac ■ Be seasoned for at least 12 months (i.e., the Note Date of the Mortgage being refinanced must be at least 12 months prior to the Note Date of the Refi Possible Mortgage) Ineligible Mortgages The Mortgage being refinanced must not be: ■ A Freddie Mac Relief Refinance MortgageSM ■ A Freddie Mac Enhanced Relief Refinance® Mortgage ■ A Refi Possible Mortgage ■ A Mortgage subject to an outstanding repurchase request ■ A Mortgage subject to recourse, indemnification, or another credit enhancement other than mortgage insurance unless requirements in Section 4302.6 are met Payment history The Mortgage being refinanced must have a payment history that indicates all of the following: ■ The Mortgage has not been 30 days delinquent in the most recent six months ■ The Mortgage has not been 30 days delinquent more than once in the most recent 12 months ■ The Mortgage has not been 60 or more days delinquent in the most recent 12 months The credit report can be relied on for determination of payment history through the date the Mortgage tradeline was last reported. The Seller is responsible for the payment history between the date the Mortgage tradeline was last reported and the Note Date. If the Borrower has missed payments due to COVID-19 forbearance and those payments have been resolved according to the temporary eligibility requirements in Bulletin 2020-17, those missed payments are not considered delinquencies for the purpose of meeting the payment history requirements. Freddie Mac Single-Family Seller/Servicer Guide Chapter 4302 As of 04/12/26 Page 4302-3 Eligibility requirements for the Mortgage being refinanced under the Refi Possible® offering Topic Eligibility requirements for Mortgage being refinanced Loan Product Advisor® assessment Loan Product Advisor will assess whether the Mortgage being refinanced complies with the above eligibility requirements with the following exceptions: ■ The Seller is responsible for ensuring the Mortgage is seasoned at least 12 months as of the Note Date of the Refi Possible Mortgage, and ■ The Seller must consider the payment history after the date the Mortgage tradeline is last reported on the credit report and through the Note Date when determining whether the payment history requirements have been met

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