Freddie Mac Single-Family Seller/Servicer Guide 6201.3 — Guarantor and MultiLender Swap pricing, purchase and settlement

This section contains requirements related to: ■ Guarantor Pricing ■ Security wire instructions for the Guarantor and MultiLender Swap programs ■ Settlement under the Guarantor and MultiLender Swap programs ■ Postsettlement adjustments for Mortgages purchased under the Guarantor and MultiLender Swap programs

(a) Guarantor Pricing This section applies when a Seller’s Rate Sheet (as defined below) issued through Loan Selling Advisor® states that the Seller is eligible to sell Mortgages to Freddie Mac through the Guarantor program or MultiLender Swap program. (i) Defined terms For purposes of this section, the following terms have the meanings ascribed to them below: Defined terms related to guarantor pricing G Guarantor Pricing Credit Fees in Yield, Credit Fee in Yield Add-Ons, negotiated Credit Fee in Yield adjustments, buyup and buydown ratios, maximum buyup and maximum buydown, and/or certain negotiated Credit Fees, credits for Credit Fees and/or such other components as Freddie Mac may include from time to time P Pricing Day The day or days of the month on which Guarantor Pricing is available to the Seller in Loan Selling Advisor R Rate Sheet The Rate Sheet Results screen in Loan Selling Advisor that contains the information described in Section 6201.3(a)(ii) (ii) Pricing Day and pricing notification The Pricing Day will be stated on the Seller’s Rate Sheet. If the Pricing Day is not a Business Day, Freddie Mac will make the Guarantor Pricing available to the Seller on the first Business Day after such Pricing Day. The Rate Sheet will include all applicable components of Guarantor Pricing, the Mortgage products eligible under the Rate Sheet and the applicable effective dates and Settlements Dates covered by the Rate Sheet and any applicable additional terms stated in the Business Arrangement Stipulations section of the Rate Sheet. (iii) Taking out Purchase Contracts The Seller may take out Purchase Contracts for settlement in a particular month only after Freddie Mac has entered Guarantor Pricing on the Rate Sheet for the Purchase Contract for Settlement in such particular month. (iv) Acceptance of Guarantor Pricing The Seller’s delivery of Mortgages eligible under a Rate Sheet will be deemed to be the Seller’s acceptance of the Guarantor Pricing stated in the Rate Sheet. (v) Amendment and termination of Guarantor Pricing provisions In addition to the provisions of Section 1101.2(a)(ii), Freddie Mac may amend, supplement, revise or terminate any of the provisions of this section, including, but not limited to, establishing Guarantor Pricing for a Seller more than one time in a calendar month and changing the Guarantor Pricing provided in accordance with the above provision, in whole or in part, upon written notice to the Seller. The written notice may be in the form of new Guarantor Pricing being made available to the Seller on the Rate Sheet in Loan Selling Advisor. The effective date of changes will be stated on the revised Rate Sheet. The changes will not apply to contracts the Seller has taken out prior to the effective date of the changes.

(b) Security wire instructions for the Guarantor and MultiLender Swap programs (i) Acknowledgment and consent to electronic transactions In accordance with Chapter 1401, the Seller is bound by the security wire instructions it provides to Freddie Mac. (ii) Security wire verification For information about wire transfer instructions and delivery of UMBS®, MBS or ARM PCs. Security wire verification instructions and delivery Type of program Guide section Fixed-rate Guarantor program Section 6203.3

(c) WAC ARM Guarantor program Section 6204.3(c) MultiLender Swap program Section 6205.3(c) (iii) Liability Freddie Mac is not liable for errors in the delivery of UMBS, MBS or ARM PCs provided that Freddie Mac delivered the securities pursuant to security wire instructions that were provided by the Seller in accordance with the requirements of the Purchase Documents. (c) Settlement under the Guarantor and MultiLender Swap programs As of the Settlement Date, ownership of, and (subject to the terms of any recourse obligation) risk of loss with respect to, the Mortgages being sold on the Settlement Date will pass from the Seller to Freddie Mac. Freddie Mac will, in accordance with Section 6201.6(c), deliver to the Seller in Book-Entry Form the UMBS, MBS or ARM PCs representing interests therein in the amount determined by Freddie Mac and verified by the Seller in the Loan Selling Advisor “View Wire Instructions” screen. (i) Postsettlement credits and calculations Freddie Mac will credit or remit to the Seller on a postsettlement basis the sum of: ■ An amount of interest equal to one of the following: • With respect to Pools without the Note-level buyup and buydown feature, interest at the Credit Fee in Yield on the Mortgages for the period from the Issue Date to the day before the Settlement Date, inclusive • With respect to Pools in which the Note-level buyup and buydown feature has been used, the weighted average Credit Fee in Yield of the Mortgages in the Pool for the period from the Issue Date to the day before the Settlement Date, inclusive ■ The excess, if any, of the aggregate UPB as of the Settlement Date of the Mortgages, over the aggregate original principal balance of the related UMBS, MBS or ARM PCs The sum will be credited against any fees payable by the Seller to Freddie Mac for monthly invoiced fees, including, but not limited to, buydown fees, Gold Rush® fees and Credit Fees. If this sum exceeds postsettlement fees, a net amount is payable to the Seller. Payment of the net amount due to the Seller will be made in accordance with the Credit Fee and funding fee provisions stated in Chapter 6303. (ii) Failure of transfer or purchase obligations If the Seller fails for any reason to transfer all or any portion of the Mortgages accepted for purchase by Freddie Mac, Freddie Mac will have no obligation to sell all or any portion of the UMBS, MBS or ARM PCs to the Seller. If the Seller fails for any reason to purchase all or any portion of the UMBS, MBS or ARM PCs from Freddie Mac, Freddie Mac will have no obligation to purchase all or any portion of the Mortgages from the Seller.

(d) Postsettlement adjustments for Mortgages purchased under the Guarantor and MultiLender Swap programs (i) Transfer of ownership for unfunded Mortgages If, after any Settlement Date, Freddie Mac determines that the aggregate UPB, as of the Settlement Date, of the Mortgages purchased on such date (the “settlement balance”) was greater than the aggregate UPB verified for purchase (the “verified balance”) and greater than the original principal balance of the related UMBS, MBS or ARM PC, Freddie Mac will transfer back to the Seller ownership of the smallest number of Mortgages (“unfunded Mortgages”) having an aggregate UPB as of the Settlement Date at least equal to the excess of the settlement balance over the verified balance. (ii) Reporting and remitting of excess amounts If the aggregate UPB of the unfunded Mortgages transferred back to the Seller exceeds the difference between the settlement balance and the verified balance, the excess must be reported and remitted promptly by the Seller to Freddie Mac in accordance with Sections 8302.3(e) and 8303.2(b) as if such difference were a principal prepayment (Mortgage paid in full) on the related Mortgages. (iii) Correction of verified balance discrepancies Without Freddie Mac’s prior written approval, the Seller may not remedy an incorrect verified balance by offsetting any difference between the settlement balance and the verified balance against principal collections received on the Mortgages by the Seller after the Settlement Date. The amount of principal reduction reported by the Seller via the Loan-Level Transaction (or any other report developed for reporting accounting information) must, for each accounting reporting period, accurately reflect all principal collections actually received by the Seller on the verified balance plus any prepayment resulting from the transfer of unfunded Mortgages. (iv) Options for differences in settlement and verified balances If, after the Settlement Date, Freddie Mac determines that the settlement balance of the Mortgages purchased on such date was less than the verified balance and less than the original principal balance of the related UMBS, MBS or ARM PC, the Seller must, at Freddie Mac’s option and within the time period and in the manner specified by Freddie Mac, either: ■ Remit the amount of any such difference to Freddie Mac as a principal payment with respect to such Mortgages, or ■ Deliver additional Mortgages that would have been eligible for inclusion in the related Pool and that have an aggregate UPB at least equal to the difference between the verified balance and the settlement balance