Freddie Mac Single-Family Seller/Servicer Guide 4406.2 — Resale restriction requirements for Mortgages secured by properties subject to resale restrictions
Freddie Mac Single-Family Seller/Servicer Guide section 4406.2 — Resale restriction requirements for Mortgages secured by properties subject to resale restrictions. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 4406.2 — Resale restriction requirements for Mortgages secured by properties subject to resale restrictions — 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 4406.2 — Resale restriction requirements for Mortgages secured by properties subject to resale restrictions
For Mortgages secured by properties subject to resale restrictions, there are no limits on the time period in which the resale restrictions may remain in place on the property. The resale restrictions may be in effect (i.e., survive) for a certain number of years or continue in perpetuity. The resale restrictions must be binding on current and subsequent property owners, and survive until they are formally removed or modified, or terminate automatically in accordance with their terms such as: ■ Upon completion of foreclosure, which includes the expiration of any applicable legally required foreclosure redemption period, or recordation of a deed-in-lieu of foreclosure, and ■ If necessary, upon recordation of the associated deed transferring the property to Freddie Mac or a third-party purchaser Additionally, the resale restrictions must be: ■ In compliance with all federal, State and local laws, rules and regulations, and ■ Stated in a separate covenant, restriction, easement, or condition in a deed or other instrument executed by or on behalf of the owner of the land or property and recorded against that land or property The resale restrictions may be administered by a subsidy provider or program administrator. Borrowers must meet any program eligibility requirements established by the subsidy provider or program administrator, if applicable. Note: For more information on requirements regarding foreclosure redemption periods, see Chapter 9301.
Operationalizing Freddie Mac Single-Family Seller/Servicer Guide 4406.2 — Resale restriction requirements for Mortgages secured by properties subject to resale restrictions
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-4406-2/
· register fhlmc-4406-2 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.