Freddie Mac Single-Family Seller/Servicer Guide 4406.3 — Payment of financial obligation requirements for Mortgages secured by properties subject to resale restrictions

fhlmc-4406-3

Freddie Mac Single-Family Seller/Servicer Guide section 4406.3 — Payment of financial obligation requirements for Mortgages secured by properties subject to resale restrictions. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.

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source:
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  id: fhlmc-4406.3
  authority: Freddie Mac Single-Family Seller/Servicer Guide 4406.3 — Payment of financial obligation requirements for Mortgages secured by properties subject to resale restrictions
  description: Freddie Mac Single-Family Seller/Servicer Guide section 4406.3 — Payment of financial obligation requirements for Mortgages secured by properties subject to resale restrictions. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.
  effective_date: '2024-12-04'
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    section: Freddie Mac Single-Family Seller/Servicer Guide 4406.3 — Payment of financial obligation requirements for Mortgages secured by properties subject to resale restrictions
    description: If applicable, recurring monthly payments associated with the financial subsidy that was provided when the property subject to resale restrictions was purchased by the Borrower must be included in the monthly housing expense. Any term included in the resale restricted covenants requiring the owner of a property subject to resale restrictions to make payments under certain circumstances or requiring repayment of the f
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      authority: Freddie Mac Single-Family Seller/Servicer Guide 4406.3 — Payment of financial obligation requirements for Mortgages secured by properties subject to resale restrictions
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      paragraph_quote: If applicable, recurring monthly payments associated with the financial subsidy that was provided when the property subject to resale restrictions was purchased by the Borrower must be included in the monthly housing expense. Any term included in the resale restricted covenants requiring the owner of a property subject to resale restrictions to make payments under certain circumstances or requiring repayment of the financial subsidy, in whole or in part, must state that the payment obligation is subordinate to the First Lien Mortgage.
      drafter_attestation: Verbatim from Freddie Mac Seller/Servicer Guide 4406.3, snapshot 4c94f67729042dd6; substring-verified against the snapshot (raw projection) on 2026-08-23.
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      fhlmc_effective_date: '2024-12-04'
    fhlmc_effective_date: '2024-12-04'

Verbatim regulatory text (1)

Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 4406.3 — Payment of financial obligation 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 4406.3 — Payment of financial obligation requirements for Mortgages secured by properties subject to resale restrictions

Effective 2024-12-04 · Freddie Mac's stamp for this section

If applicable, recurring monthly payments associated with the financial subsidy that was provided when the property subject to resale restrictions was purchased by the Borrower must be included in the monthly housing expense. Any term included in the resale restricted covenants requiring the owner of a property subject to resale restrictions to make payments under certain circumstances or requiring repayment of the financial subsidy, in whole or in part, must state that the payment obligation is subordinate to the First Lien Mortgage.

Source: Freddie Mac Single-Family Seller/Servicer Guide 4406.3 — Payment of financial obligation requirements for Mortgages secured by properties subject to resale restrictions · source URL · snapshot 4c94f67729042dd6

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Source of record: https://claudeforcompliance.com/regs/fhlmc-4406-3/ · register fhlmc-4406-3 · Claude for Compliance. Free to read and download; see regulatory updates and methodology.