Freddie Mac Single-Family Seller/Servicer Guide §6201.5 — UMBS®, MBS and ARM PCs and pool factors (12/03/25)
Freddie Mac Guide §6201.5 (UMBS®, MBS and ARM PCs and pool factors). Gap-fill (verbatim, ID-diff).
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide §6201.5 — UMBS®, MBS and ARM PCs and pool factors (12/03/25) — 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 Guide 6201.5
(12/03/25) This section contains requirements related to: ■ Offering Circulars for UMBS®, MBS and ARM PCs. ■ Seller identification and disclosure by Freddie Mac (a) Offering Circulars for UMBS, MBS and ARM PCs UMBS and MBS are offered for sale by Freddie Mac pursuant to the UMBS/MBS Offering Circular, and ARM PCs are offered for sale by Freddie Mac pursuant to the ARM PC Offering Circular. By entering into the Pricing Identifier Terms, the Seller acknowledges receipt of a copy of the applicable Offering Circular. (b) Seller identification and disclosure by Freddie Mac Freddie Mac may handle Seller identification and information as follows: ■ A Seller may be identified as the Seller and/or Servicer of the Mortgages in such manner as Freddie Mac may determine and will generally be identified on the published monthly list of pool factors for the Pools formed under the Guarantor program ■ Freddie Mac may, in its sole discretion, otherwise identify UMBS, MBS or ARM PCs sold pursuant to this chapter as representing interests in Pools formed pursuant to the Guarantor or MultiLender Swap programs and release any information concerning the Mortgages, UMBS, MBS or ARM PCs
Freddie Mac Guide 6201.5
Guarantor and MultiLender Swap program disclosure and indemnification (12/03/25) This section contains requirements related to: ■ Disclosure requirements for UMBS®, MBS and ARM PCs ■ Indemnification for liability relating to Seller’s sale of UMBS, MBS or ARM PCs ■ UMBS, MBS and ARM PC delivery
Freddie Mac Guide 6201.5
201-18 (a) Disclosure requirements for UMBS, MBS and ARM PCs (i) Disclosure for UMBS, MBS and ARM PCs formed under the Guarantor program For each Pool formed under the Guarantor program, Freddie Mac will provide a Pool Supplement on its website (https://capitalmarkets.freddiemac.com/mbs) and via a link in Loan Selling Advisor® to Form 15 (Form 15A for UMBS and MBS, Form 15C for WAC ARM PCs) that contains information about the Mortgages in the Pool as of the Settlement Date. The Seller may also obtain a copy of the Pool Supplement by contacting Investor Inquiry at (800) 336-3672. In preparing the Pool Supplement, Freddie Mac relies upon the accuracy and completeness of the Mortgage and Servicing information provided by the Seller. If the information in the Pool Supplement is inaccurate or incomplete, the Seller must immediately inform Freddie Mac and provide Freddie Mac with any corrections necessary. Neither the Seller nor any affiliate of the Seller (as affiliate is defined in Rule 405, 17 CFR SEC 230.405, promulgated under the Securities Act of 1933) may make any use of the Pool Supplement if any information contained therein is inaccurate or incomplete. In addition to a Pool Supplement, Freddie Mac makes available on its website and from information vendors information about the Mortgages in the Pool that is updated on a monthly basis. Current information about information vendors may be obtained by contacting Freddie Mac (see Directory 1). (ii) Disclosure for UMBS and MBS formed under the MultiLender Swap program For each Pool formed under the MultiLender Swap program, Freddie Mac will make available on its website (https://capitalmarkets.freddiemac.com/mbs) and via a link in Loan Selling Advisor to Form 15 a Pool Supplement containing information about the Mortgages in the Pool as of the Settlement Date. The Pool Supplement is available on the first Business Day following the Securities Industry and Financial Markets Association’s Class D monthly securities settlement date. The Seller may also obtain a copy of the Pool Supplement by contacting Investor Inquiry at (800) 336-3672. In preparing the Pool Supplement, Freddie Mac relies upon the accuracy and completeness of the Mortgage and Servicing information provided by the Seller. If the information about the Mortgages sold under the MultiLender Swap program is inaccurate or incomplete, the Seller must immediately inform Freddie Mac and provide Freddie Mac with any corrections necessary.
Freddie Mac Guide 6201.5
201-19 Neither the Seller nor any affiliate of the Seller (as affiliate is defined in Rule 405, 17 CFR SEC 230.405, promulgated under the Securities Act of 1933) may make any use of the Pool Supplement if any information contained therein is inaccurate or incomplete. In addition to a Pool Supplement, Freddie Mac makes available on its website and from information vendors information about the Mortgages in the Pool that is updated on a monthly basis. Current information about information vendors may be obtained by contacting Freddie Mac (see Directory 1). (iii)Seller’s disclosure obligations The Seller’s offer and sale of UMBS, MBS and ARM PCs must comply with all applicable federal securities laws and Freddie Mac requirements. If the Seller or an affiliate of the Seller offers for sale or sells any such security, the Seller must deliver to each person to whom the offer or sale is made, not later than the time a contract of sale is executed, all of the following: ■ A copy of the most recent UMBS/MBS Offering Circular or ARM PC Offering Circular, as applicable, including any supplements in effect at the time of the related offer or sale, ■ Any applicable Pool Supplement, and ■ Any Additional Supplement required by applicable federal securities laws or by Section 6201.6(a)(iv) If securities are sold to investment bankers, brokers, dealers or other entities for distribution, the Seller must assure that these entities will send or deliver such documents to investors before or with the confirmation of sale. (iv) Seller’s obligations for Additional Supplements In connection with the sale of Mortgages to Freddie Mac, the Seller must inform Freddie Mac in writing if any related offering materials, including the UMBS/MBS Offering Circular or ARM PC Offering Circular: ■ Contain an untrue statement of a material fact, or ■ Fail to state a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading Such information may obligate the Seller to prepare an Additional Supplement for the Pool. (The Seller will provide such information in the Additional Supplement and only such information as is agreed between the Seller and Freddie Mac.)
Freddie Mac Guide 6201.5
201-20 (v) Other information provided by the Seller The information provided in the Pool Supplement and any Additional Supplement is the only information about a UMBS, MBS or ARM PC that the Seller can disclose to the public. In no event may the Seller make available to any third party information regarding principal paydowns on the Mortgages or pool factors, except as have been made available to the public by Freddie Mac. To make available to any third party any other information with respect to the Mortgages that is not made publicly available by Freddie Mac, the Seller must first obtain Freddie Mac’s consent by contacting Investor Inquiry at (800) 336-3672. After obtaining Freddie Mac’s consent, the Seller must provide such information to the third party in writing, and the information must include, on the first page in distinguishing typeface, a statement that the information has been prepared by the Seller and that Freddie Mac is not responsible for the accuracy or completeness of the information. Within one Business Day after the writing is first made available by the Seller to any third party, the Seller must provide a copy of it to Freddie Mac, together with the date the writing was first made available and the Seller’s name, address and telephone number, at the following address: FREDDIE MAC 1551 PARK RUN DRIVE ATTN OFFICE OF THE REGISTRAR MCLEAN, VA 22102 The information received from the Seller may be made available by Freddie Mac to any person upon request. (vi) Additional disclosure requirements Seller/Servicers will also find additional information about Freddie Mac’s UMBS, MBS and WAC ARM PC disclosure in Section 6202.2. (b) Indemnification for liability relating to Seller’s sale of UMBS, MBS or ARM PCs The Seller must indemnify and hold Freddie Mac, its directors, officers, employees, successors, assigns and fiscal and transfer agents harmless from and against any and all losses, damages, claims, demands, actions, suits or liabilities, joint or several, to which Freddie Mac may become subject and shall reimburse Freddie Mac for any legal or other expenses reasonably incurred by Freddie Mac in connection with investigating or defending any such loss, damage, claim, demand, suit, liability or action in respect thereof, insofar as such losses, claims, damages, demands, suits, liabilities or actions arise out of or are based upon:
Freddie Mac Guide 6201.5
201-21 ■ Any untrue statement or alleged untrue statement of a material fact made or contained in any offering materials (other than the applicable UMBS/MBS Offering Circular or ARM PC Offering Circular) used by the Seller or its underwriters or agents in connection with any public or private offering or sale of any UMBS, MBS or ARM PCs, or ■ Any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, or ■ Any other act or failure to act by the Seller or its underwriters or agents in connection with any such sale or offering, including without limitation, a breach of any of the terms or conditions contained in Section 6201.6(a) or a breach of any warranty or representation made by the Seller pursuant to Section 6201.6(a) (c) UMBS, MBS and ARM PC delivery Subject to the provisions of this Section 6201.6(c), Freddie Mac will deposit the UMBS, MBS and ARM PCs in accordance with the instructions the Seller specifies on the applicable screens in Loan Selling Advisor. With respect to Mortgages sold under the Guarantor and MultiLender Swap programs, the Seller must complete all applicable delivery information and indicate the depository institutions and beneficiaries in whose accounts the UMBS, MBS or ARM PCs issued in Book-Entry Form must be deposited. The Seller is responsible for assigning and managing its wire instructions for Mortgages sold under the Guarantor and MultiLender Swap programs. For information regarding security wire instructions, see Sections 6203.3(c), 6204.3(c) and 6205.3(c). For all Mortgages sold to Freddie Mac under the Guarantor and MultiLender Swap programs, the Seller agrees to indemnify and hold harmless Freddie Mac, its successors, assigns, fiscal and transfer agents, from and against any and all claims, damages, liabilities, losses, demands, actions, suits, costs and expenses, joint and several, of every nature and character as the same may arise or be made against or be incurred by any of them, as a result of their deposit of any UMBS, MBS or ARM PC to any account, if such security is deposited in accordance with the Seller’s security wire instructions, as entered on the applicable screens in Loan Selling Advisor. With respect to the delivery instructions provided by the Seller, all UMBS, MBS or ARM PCs will be deposited in the accounts of the beneficiaries in Book-Entry Form.
Freddie Mac Guide 6201.5
Special representations and warranties under the Guarantor and MultiLender Swap programs and Freddie Mac remedies for Seller breach (02/04/26) This section contains requirements related to: ■ Special Seller representations and warranties under the Guarantor and MultiLender Swap programs ■ Freddie Mac remedies for Seller’s breach of representations and warranties relating to securitized loans (a) Special Seller representations and warranties under the Guarantor and MultiLender Swap programs In addition to the representations and warranties made elsewhere in the Purchase Documents, the Seller represents and warrants that: ■ The purchase information will be true and correct as of the related Settlement Date ■ The ending principal balance shown on the Loan-Level Transaction that the Servicer transmits as of the close of the first monthly accounting reporting period following the Settlement Date is equal to the aggregate UPB of the related Mortgages ■ As of the Settlement Date, the appraised value of the Mortgaged Premises is at least equal to the appraised value as of the date of the origination of such Mortgage ■ For Construction to Permanent and Renovation Mortgages, as of the Settlement Date, the appraised value of the Mortgaged Premises is at least equal to the appraised value as of the effective date of the most recent appraisal report (b) Freddie Mac remedies for Seller’s breach of representations and warranties relating to securitized loans If the Seller breaches any representation or warranty made pursuant to this chapter or any of the purchase information is found to be incorrect, Freddie Mac may at its option: ■ Rescind the transaction ■ Require the Seller to repurchase any UMBS®, MBS or ARM PCs that have been sold by the Seller ■ Retain any fees otherwise refundable to the Seller pursuant to the Purchase Documents
Freddie Mac Guide 6201.5
201-23 ■ Require the Seller to take such other action as may be necessary or appropriate at Freddie Mac’s sole discretion to remedy such breach or to cause the relevant Pool to conform to the terms of the purchase information The remedies set forth in this chapter are in addition to any remedies otherwise provided for in the Purchase Documents or available under applicable law, including, without limitation, Freddie Mac’s right to require repurchase or substitution of any Mortgage. In addition to Freddie Mac’s other remedies under this Guide, the breach by the Seller of any representation, warranty or agreement contained in this Guide will constitute grounds for suspension of the Seller’s eligibility to sell Mortgages to Freddie Mac as provided in Chapter 2301.
Freddie Mac Guide 6201.5
202-1 Chapter 6202: Freddie Mac Swap Disclosure and Pooling Requirements
Freddie Mac Guide 6201.5
Freddie Mac Swap disclosure and pooling requirements (12/03/25) This section contains requirements related to: ■ Fixed-rate Guarantor program (UMBS®) ■ MultiLender Swap program ■ WAC ARM Guarantor program ■ Other provisions related to Guarantor and MultiLender Swap programs This chapter sets forth the pooling and disclosure requirements to ensure that eligible Mortgages delivered to Freddie Mac under the Guarantor and MultiLender Swap programs are pooled in a manner that promotes homogeneity and disclosure transparency. (a) Fixed-rate Guarantor program (UMBS) Each UMBS or MBS Pool issued under the fixed-rate Guarantor program must consist of Mortgages acquired from a single Seller in exchange for a UMBS or MBS representing an undivided interest in the same Mortgages. UMBS or MBS bear interest at the applicable Coupon and have an original principal balance rounded down to the nearest dollar. In addition to selling Mortgages in exchange for UMBS or MBS with Coupons that are evenly divisible by 0.5%, a Seller may sell 15- and 30-year fixed-rate Mortgages in exchange for MBS with Coupons not divisible by 0.5%, provided that before selling such Mortgages to Freddie Mac, the Seller must obtain Freddie Mac’s written approval by contacting its Freddie Mac representative or Customer Service at 800-FREDDIE. (b) MultiLender Swap program Each UMBS or MBS Pool issued under the MultiLender Swap program must consist of fixed-rate Mortgages that Freddie Mac has acquired from one or more Sellers in exchange for a UMBS or MBS representing an undivided interest in the same Mortgages. UMBS or MBS bear interest at the applicable Coupon and have an original principal balance rounded down to the nearest dollar.