Freddie Mac Single-Family Seller/Servicer Guide 5704.4 — Security Instruments for leasehold Mortgages

fhlmc-5704-4

Freddie Mac Guide §5704.4 (Security Instruments for leasehold Mortgages). Gap-fill (verbatim, ID-diff).

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source:
  type: regulation
  id: fhlmc-5704.4
  authority: Freddie Mac Single-Family Seller/Servicer Guide 5704.4 — Security Instruments for leasehold Mortgages
  description: |
    Freddie Mac Guide §5704.4 (Security Instruments for leasehold Mortgages). Gap-fill (verbatim, ID-diff). 
  effective_date: '2025-06-04'
obligations:
  - id: fhlmc-5704.4-full
    canonical_id: fhlmc-5704.4-full
    section: Freddie Mac Single-Family Seller/Servicer Guide 5704.4 — Security Instruments for leasehold Mortgages
    description: The Uniform Security Instrument must describe the Mortgaged Premises as a leasehold interest created by a recorded lease in the property described in the legal description. In addition, the Seller must comply with Exhibit 5A, Authorized Changes to Notes, Riders, Security Instruments and the Uniform Residential Loan Application, Section IV, for leasehold estates.
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    primary_source:
      tier: 1
      authority: Freddie Mac Single-Family Seller/Servicer Guide 5704.4 — Security Instruments for leasehold Mortgages
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      source_url: https://guide.freddiemac.com/
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      paragraph_quote: The Uniform Security Instrument must describe the Mortgaged Premises as a leasehold interest created by a recorded lease in the property described in the legal description. In addition, the Seller must comply with Exhibit 5A, Authorized Changes to Notes, Riders, Security Instruments and the Uniform Residential Loan Application, Section IV, for leasehold estates.
      drafter_attestation: Verbatim from Freddie Mac Seller/Servicer Guide 5704.4, snapshot 4c94f67729042dd6; substring-verified against the snapshot (raw projection) on 2026-08-23.
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      fhlmc_effective_date: '2025-06-04'
    fhlmc_effective_date: '2025-06-04'

Verbatim regulatory text (1)

Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 5704.4 — Security Instruments for leasehold 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 5704.4 — Security Instruments for leasehold Mortgages

Effective 2025-06-04 · Freddie Mac's stamp for this section

The Uniform Security Instrument must describe the Mortgaged Premises as a leasehold interest created by a recorded lease in the property described in the legal description. In addition, the Seller must comply with Exhibit 5A, Authorized Changes to Notes, Riders, Security Instruments and the Uniform Residential Loan Application, Section IV, for leasehold estates.

Source: Freddie Mac Single-Family Seller/Servicer Guide 5704.4 — Security Instruments for leasehold Mortgages · source URL · snapshot 4c94f67729042dd6

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Operationalizing Freddie Mac Single-Family Seller/Servicer Guide 5704.4 — Security Instruments for leasehold Mortgages

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Source of record: https://claudeforcompliance.com/regs/fhlmc-5704-4/ · register fhlmc-5704-4 · Claude for Compliance. Free to read and download; see regulatory updates and methodology.