Freddie Mac Single-Family Seller/Servicer Guide 4607.14 — Recourse for CHOICERenovation® Mortgages
Freddie Mac Guide §4607.14 (Recourse for CHOICERenovation® Mortgages). Gap-fill (verbatim, ID-diff).
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 4607.14 — Recourse for CHOICERenovation® Mortgages — 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 4607.14 — Recourse for CHOICERenovation® Mortgages
CHOICERenovation® In Progress Mortgages must be sold with recourse within the meaning of Section 6201.2(b)(i), except that Freddie Mac may require the Seller to repurchase the CHOICERenovation Mortgage if the Mortgage becomes 120 days delinquent while subject to recourse. The recourse will remain in full force and effect until: ■ All renovations are completed, ■ The Seller requests removal of recourse in writing indicating the applicable Freddie Mac loan number and provides the completion report, including photographs of the renovations, and ■ Freddie Mac approves the removal of recourse, subject to the requirements below In order to request removal of recourse the Seller must submit all required documentation mentioned above to Freddie Mac through Loan Status Hub®, and the following requirements must be met: ■ There is no Delinquency at the time of the request ■ There has not been a Delinquency of 30 days more than once during the renovation period, except that recourse may be removed at a later date once the Borrower has made 36 consecutive monthly payments with no Delinquencies The Seller represents and warrants that, as of the date Freddie Mac approves the Seller’s request for removal of recourse, all requirements in this Chapter 4607 have been met.
Operationalizing Freddie Mac Single-Family Seller/Servicer Guide 4607.14 — Recourse for CHOICERenovation® Mortgages
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-4607-14/
· register fhlmc-4607-14 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.