Freddie Mac Single-Family Seller/Servicer Guide 6202.3 — Pooling requirements for UMBS® and MBS Pools

fhlmc-6202-3

Freddie Mac Single-Family Seller/Servicer Guide section 6202.3 — Pooling requirements for UMBS® and MBS Pools. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.

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source:
  type: regulation
  id: fhlmc-6202.3
  authority: Freddie Mac Single-Family Seller/Servicer Guide 6202.3 — Pooling requirements for UMBS® and MBS Pools
  description: Freddie Mac Single-Family Seller/Servicer Guide section 6202.3 — Pooling requirements for UMBS® and MBS Pools. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.
  effective_date: '2026-08-12'
obligations:
  - id: fhlmc-6202.3-full
    canonical_id: fhlmc-6202.3-full
    section: Freddie Mac Single-Family Seller/Servicer Guide 6202.3 — Pooling requirements for UMBS® and MBS Pools
    description: 'This section contains information related to: ■ Term requirements ■ Final pool maturity at issuance for UMBS® ■ Minimum pool size requirements for UMBS or MBS Pools ■ Note Rate requirements ■ Requirements for fixed-rate Mortgages with special characteristics This section outlines the pooling and disclosure requirements related to issuing UMBS and MBS under the fixed-rate Guarantor program and the MultiLender Swap pro'
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    judgment: false
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    tags:
      - regulator-direct
      - fhlmc
      - freddie-guide
      - section-complete
      - full-text-rebuild
    primary_source:
      tier: 1
      authority: Freddie Mac Single-Family Seller/Servicer Guide 6202.3 — Pooling requirements for UMBS® and MBS Pools
      source_class: fhlmc-guide
      source_url: https://guide.freddiemac.com/
      snapshot_id: 4c94f67729042dd6
      fetched_at: '2026-06-18T00:00:00+00:00'
      content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
      paragraph_quote: 'This section contains information related to: ■ Term requirements ■ Final pool maturity at issuance for UMBS® ■ Minimum pool size requirements for UMBS or MBS Pools ■ Note Rate requirements ■ Requirements for fixed-rate Mortgages with special characteristics This section outlines the pooling and disclosure requirements related to issuing UMBS and MBS under the fixed-rate Guarantor program and the MultiLender Swap program. (a) Term requirements Mortgage term requirements Mortgage type Term requirements 30-year UMBS or MBS Pool The underlying fixed-rate Mortgages in each 30-year UMBS and MBS Pool must have original terms greater than 15 years (180 months) but not exceeding 30 years (360 months). Example: 20-year (240-month) fixed-rate Mortgages may be pooled with 30-year (360-month) fixed-rate Mortgages without limit. 20-year UMBS or MBS Pool The underlying fixed-rate Mortgages in each 20-year UMBS and MBS Pool must have an original term greater than 15 years (180 months) but not exceeding 20 years (240 months). 15-year UMBS or MBS Pool The underlying fixed-rate Mortgages in each 15-year UMBS and MBS Pool must have original terms greater than 84 months but not exceeding 15 years (180 months). Example: 10-year (120-month) fixed-rate Mortgages may be pooled with 15-year (180-month) fixed-rate Mortgages without limit. 10-year UMBS Pool The underlying fixed-rate Mortgages in each 10-year UMBS Pool must have an original term greater than 84 months but not exceeding 10 years (120 months). (b) Final pool maturity at issuance for UMBS ■ The final maturity of a 30-year Freddie Mac UMBS must be greater than 15 years and one month at issuance ■ The final maturity of a 30-year Freddie Mac UMBS shall not exceed 361 months ■ The final maturity of a 15-year Freddie Mac UMBS shall not exceed 181 months (c) Minimum pool size requirements for UMBS or MBS Pools The minimum dollar amount for a commitment entered into under the MultiLender Swap program is $1,000. The underlying fixed-rate Mortgages in each UMBS and MBS Pool must have an aggregate UPB of at least $1,000,000. (d) Note Rate requirements (i) Fixed-rate Guarantor program (UMBS) The underlying fixed-rate Mortgages in each UMBS or MBS Pool must have Note Rates no less than 25 basis points above the Coupon but no greater than 112.5 basis points above the Coupon. (ii) MultiLender Swap program The underlying fixed-rate Mortgages delivered in each UMBS or MBS Pool under the MultiLender Swap program must have Note Rates no less than 25 basis points above the posted Coupon but no greater than 112.5 basis points above the posted Coupon. (e) Requirements for fixed-rate Mortgages with special characteristics The underlying Mortgages in each MBS Pool or MultiLender Swap delivery must have the same characteristics and features. Note that certain Mortgage types are not eligible for the MultiLender Swap program. In addition, unless otherwise noted, the Mortgage types listed below may not be included in a UMBS Pool. The following are the pooling and disclosure requirements for fixed-rate Mortgages with special characteristics. (i) FHA and VA Mortgages The underlying Mortgages in each FHA/VA MBS Pool must be Government Mortgages. See Section 4205.4 for FHA and VA Mortgage eligibility requirements. (ii) Section 184 Native American Mortgages Section 184 Native American Mortgages must be pooled in an FHA/VA MBS Pool. The underlying Mortgages in each FHA/VA MBS Pool must be Government Mortgages. See Section 4205.3 for Section 184 Native American Mortgage eligibility requirements. (iii) Section 502 GRH Mortgages Section 502 GRH Mortgages must be pooled in an FHA/VA MBS Pool. The underlying Mortgages in each FHA/VA MBS Pool must be Government Mortgages. See Section 4205.1 for Section 502 GRH Mortgage eligibility requirements. (iv) Relocation Mortgages If a fixed-rate Mortgage complies with the definition set forth below, the Mortgage must be sold to Freddie Mac as a relocation Mortgage in accordance with the terms of this section. A relocation Mortgage is an owner-occupied purchase money Mortgage, originated pursuant to an established employee relocation program and administered by the employer (or its agent), where the employer relocates employees as part of its normal course of business. (A) Fixed-rate Guarantor program (UMBS) Under the fixed-rate Guarantor program (UMBS), the aggregate UPB of all relocation Mortgages may not exceed 10% of the aggregate UPB of all Mortgages in the applicable UMBS Pool. If the UMBS Pool also includes Extended Buydown Mortgages and/or Cooperative Share Loans, the aggregate UPB of all relocation Mortgages, Extended Buydown Mortgages and Cooperative Share Loans may not exceed 15% of the aggregate UPB of all Mortgages in the applicable UMBS Pool. (B) Fixed-rate Guarantor program (MBS) Under the fixed-rate Guarantor program (MBS), on a negotiated basis, the Seller may deliver MBS Pools that consist entirely of fixed-rate relocation Mortgages. The Seller should contact its Freddie Mac account manager for specific eligibility requirements. (C) MultiLender Swap program Under the MultiLender Swap program, the aggregate UPB of all relocation Mortgages included in any delivery of Mortgages may not exceed 10% of the aggregate UPB of all Mortgages in that delivery. If the delivery also includes Extended Buydown Mortgages and/or Cooperative Share Loans, the aggregate UPB of all relocation Mortgages, Extended Buydown Mortgages and Cooperative Share Loans may not exceed 15% of the aggregate UPB of all Mortgages in that delivery. (v) Extended Buydown Mortgages (A) Fixed-rate Guarantor program (UMBS) Under the fixed-rate Guarantor program (UMBS), the aggregate UPB of all Extended Buydown Mortgages may not exceed 10% of the aggregate UPB of all Mortgages in the applicable UMBS Pool. If the UMBS Pool also includes relocation Mortgages and/or Cooperative Share Loans, the aggregate UPB of all Extended Buydown Mortgages, relocation Mortgages and Cooperative Share Loans may not exceed 15% of the aggregate UPB of all Mortgages in the applicable UMBS Pool. (B) MultiLender Swap program Under the MultiLender Swap program, the aggregate UPB of all Extended Buydown Mortgages included in any delivery of Mortgages may not exceed 10% of the aggregate UPB of all Mortgages in that delivery. If the delivery also includes relocation Mortgages and/or Cooperative Share Loans, the aggregate UPB of all Extended Buydown Mortgages, relocation Mortgages and Cooperative Share Loans may not exceed 15% of the aggregate UPB of all Mortgages in that delivery. See Section 4204.3 for Extended Buydown Mortgage eligibility requirements. (vi) Super conforming Mortgages (A) Fixed-rate Guarantor program (UMBS) UMBS Pools may include both super conforming fixed-rate Mortgages and conforming fixed-rate Mortgages, subject to the following: ■ For deliveries into 15-, 20- and 30-year conforming UMBS, the aggregate UPB of all 15-, 20- and/or 30-year fixed-rate super conforming Mortgages may not exceed 10% of the aggregate UPB of all fixed-rate Mortgages in the applicable UMBS Pool ■ If the UMBS Pool also includes relocation Mortgages, Extended Buydown Mortgages and/or Cooperative Share Loans, then each may not comprise more than 10% of the UPB of all Mortgages in the UMBS Pool; however, the aggregate UPB of all relocation Mortgages, Extended Buydown Mortgages and/or Cooperative Share Loans combined may not exceed 15% of the aggregate UPB of all Mortgages in the applicable UMBS Pool ■ For each UMBS Pool, the aggregate UPB of super conforming Mortgages may not exceed 10%, and the aggregate UPB of relocation Mortgages, Extended Buydown Mortgages and/or Cooperative Share Loans combined may not exceed 15% of the UPB of the UMBS Pool (B) Fixed-rate Guarantor program (MBS) On a negotiated basis, for deliveries into 15-, 20- and 30-year super conforming MBS Pools, the aggregate UPB of all 15-, 20- and/or 30-year fixed-rate super conforming Mortgages may be any percentage up to and including 100% of the aggregate UPB of all Mortgages in the applicable MBS Pool. For super conforming Mortgages with loan-to-value ratios greater than 105%, the pooling and delivery requirements relating to Freddie Mac Enhanced Relief Refinance Mortgages® set forth in Section 6302.40 apply. (C) MultiLender Swap program Pools may include both super conforming fixed-rate Mortgages and fixed-rate Mortgages, subject to the following: ■ For deliveries into 15-, 20- and 30-year UMBS Pools issued under the MultiLender Swap program, the aggregate UPB of all fixed-rate super conforming Mortgages included in any delivery of Mortgages may not exceed 10% of the aggregate UPB of all Mortgages in that delivery ■ If the delivery also includes relocation Mortgages, Extended Buydown Mortgages and/or Cooperative Share Loans, then each may not comprise more than 10% of the UPB of all Mortgages in the delivery; provided, however, the aggregate UPB of all relocation Mortgages, Extended Buydown Mortgages and/or Cooperative Share Loans combined may not exceed 15% of the aggregate UPB of all Mortgages in that delivery ■ For each delivery, the aggregate UPB of super conforming Mortgages may not exceed 10%, and the aggregate UPB of relocation Mortgages, Extended Buydown Mortgages and/or Cooperative Share Loans combined may not exceed 15% of the aggregate UPB of all Mortgages in that delivery ■ On a negotiated basis, for deliveries into 15-, 20- and 30-year super conforming MBS Pools issued under the MultiLender Swap program, the aggregate UPB of all 15-, 20- and/or 30-year fixed-rate super conforming Mortgages may be any percentage up to and including 100% of the aggregate UPB of all Mortgages in the applicable pool See Chapter 4603 for super conforming Mortgage eligibility requirements. (vii) Cooperative Share Loans (A) Fixed-rate Guarantor program (UMBS) Under the fixed-rate Guarantor program (UMBS), the aggregate UPB of all fixed-rate Cooperative Share Loans may not exceed 10% of the aggregate UPB of all Mortgages and Cooperative Share Loans in the applicable UMBS Pool. If the UMBS Pool also includes relocation Mortgages and/or Extended Buydown Mortgages, the aggregate UPB of any Cooperative Share Loans and/or Relocation Mortgages and/or Extended Buydown Mortgages may not exceed 15% of the aggregate UPB of all Mortgages and Cooperative Share Loans in the applicable UMBS Pool. (B) Fixed-rate Guarantor program (MBS) Under the fixed-rate Guarantor program (MBS), on a negotiated basis, the Seller may deliver MBS Pools that consist entirely of fixed-rate Cooperative Share Loans. The Seller should contact its Freddie Mac account manager for specific eligibility requirements. (C) MultiLender Swap program Under the MultiLender Swap program, the aggregate UPB of all fixed-rate Cooperative Share Loans included in any delivery of Cooperative Share Loans may not exceed 10% of the aggregate UPB of all Mortgages and Cooperative Share Loans in that delivery. If the delivery also includes relocation Mortgages and/or Extended Buydown Mortgages, the aggregate UPB of any Cooperative Share Loans and/or Relocation Mortgages and/or Extended Buydown Mortgages may not exceed 15% of the aggregate UPB of all Mortgages in that delivery. See Chapter 5705 for Cooperative Share Loan eligibility requirements.'
      drafter_attestation: Verbatim from Freddie Mac Seller/Servicer Guide 6202.3, snapshot 4c94f67729042dd6; substring-verified against the snapshot (defurnished projection) on 2026-08-23.
      verbatim_gate: defurnished
      fhlmc_effective_date: '2026-08-12'
    fhlmc_effective_date: '2026-08-12'

Verbatim regulatory text (1)

Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 6202.3 — Pooling requirements for UMBS® and MBS Pools — 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 6202.3 — Pooling requirements for UMBS® and MBS Pools

Effective 2026-08-12 · Freddie Mac's stamp for this section

6 sections · 11,332 characters of verbatim text. Open a section to read it, or . Every section below is in the page source whether open or closed.

§This section contains information related to: ■ Term requirements…426 ch

This section contains information related to: ■ Term requirements ■ Final pool maturity at issuance for UMBS® ■ Minimum pool size requirements for UMBS or MBS Pools ■ Note Rate requirements ■ Requirements for fixed-rate Mortgages with special characteristics This section outlines the pooling and disclosure requirements related to issuing UMBS and MBS under the fixed-rate Guarantor program and the MultiLender Swap program.

aTerm requirements Mortgage term requirements Mortgage type Term…1,080 ch

(a) Term requirements Mortgage term requirements Mortgage type Term requirements 30-year UMBS or MBS Pool The underlying fixed-rate Mortgages in each 30-year UMBS and MBS Pool must have original terms greater than 15 years (180 months) but not exceeding 30 years (360 months). Example: 20-year (240-month) fixed-rate Mortgages may be pooled with 30-year (360-month) fixed-rate Mortgages without limit. 20-year UMBS or MBS Pool The underlying fixed-rate Mortgages in each 20-year UMBS and MBS Pool must have an original term greater than 15 years (180 months) but not exceeding 20 years (240 months). 15-year UMBS or MBS Pool The underlying fixed-rate Mortgages in each 15-year UMBS and MBS Pool must have original terms greater than 84 months but not exceeding 15 years (180 months). Example: 10-year (120-month) fixed-rate Mortgages may be pooled with 15-year (180-month) fixed-rate Mortgages without limit. 10-year UMBS Pool The underlying fixed-rate Mortgages in each 10-year UMBS Pool must have an original term greater than 84 months but not exceeding 10 years (120 months).

bFinal pool maturity at issuance for UMBS ■ The final maturity of…310 ch

(b) Final pool maturity at issuance for UMBS ■ The final maturity of a 30-year Freddie Mac UMBS must be greater than 15 years and one month at issuance ■ The final maturity of a 30-year Freddie Mac UMBS shall not exceed 361 months ■ The final maturity of a 15-year Freddie Mac UMBS shall not exceed 181 months

cMinimum pool size requirements for UMBS or MBS Pools The minimum…272 ch

(c) Minimum pool size requirements for UMBS or MBS Pools The minimum dollar amount for a commitment entered into under the MultiLender Swap program is $1,000. The underlying fixed-rate Mortgages in each UMBS and MBS Pool must have an aggregate UPB of at least $1,000,000.

dNote Rate requirements (i) Fixed-rate Guarantor program (UMBS)…526 ch

(d) Note Rate requirements (i) Fixed-rate Guarantor program (UMBS) The underlying fixed-rate Mortgages in each UMBS or MBS Pool must have Note Rates no less than 25 basis points above the Coupon but no greater than 112.5 basis points above the Coupon. (ii) MultiLender Swap program The underlying fixed-rate Mortgages delivered in each UMBS or MBS Pool under the MultiLender Swap program must have Note Rates no less than 25 basis points above the posted Coupon but no greater than 112.5 basis points above the posted Coupon.

eRequirements for fixed-rate Mortgages with special…8,718 ch

(e) Requirements for fixed-rate Mortgages with special…1,672 ch

(e) Requirements for fixed-rate Mortgages with special characteristics The underlying Mortgages in each MBS Pool or MultiLender Swap delivery must have the same characteristics and features. Note that certain Mortgage types are not eligible for the MultiLender Swap program. In addition, unless otherwise noted, the Mortgage types listed below may not be included in a UMBS Pool. The following are the pooling and disclosure requirements for fixed-rate Mortgages with special characteristics. (i) FHA and VA Mortgages The underlying Mortgages in each FHA/VA MBS Pool must be Government Mortgages. See Section 4205.4 for FHA and VA Mortgage eligibility requirements. (ii) Section 184 Native American Mortgages Section 184 Native American Mortgages must be pooled in an FHA/VA MBS Pool. The underlying Mortgages in each FHA/VA MBS Pool must be Government Mortgages. See Section 4205.3 for Section 184 Native American Mortgage eligibility requirements. (iii) Section 502 GRH Mortgages Section 502 GRH Mortgages must be pooled in an FHA/VA MBS Pool. The underlying Mortgages in each FHA/VA MBS Pool must be Government Mortgages. See Section 4205.1 for Section 502 GRH Mortgage eligibility requirements. (iv) Relocation Mortgages If a fixed-rate Mortgage complies with the definition set forth below, the Mortgage must be sold to Freddie Mac as a relocation Mortgage in accordance with the terms of this section. A relocation Mortgage is an owner-occupied purchase money Mortgage, originated pursuant to an established employee relocation program and administered by the employer (or its agent), where the employer relocates employees as part of its normal course of business.

AFixed-rate Guarantor program (UMBS) Under the fixed-rate…497 ch

(A) Fixed-rate Guarantor program (UMBS) Under the fixed-rate Guarantor program (UMBS), the aggregate UPB of all relocation Mortgages may not exceed 10% of the aggregate UPB of all Mortgages in the applicable UMBS Pool. If the UMBS Pool also includes Extended Buydown Mortgages and/or Cooperative Share Loans, the aggregate UPB of all relocation Mortgages, Extended Buydown Mortgages and Cooperative Share Loans may not exceed 15% of the aggregate UPB of all Mortgages in the applicable UMBS Pool.

BFixed-rate Guarantor program (MBS) Under the fixed-rate Guarantor…296 ch

(B) Fixed-rate Guarantor program (MBS) Under the fixed-rate Guarantor program (MBS), on a negotiated basis, the Seller may deliver MBS Pools that consist entirely of fixed-rate relocation Mortgages. The Seller should contact its Freddie Mac account manager for specific eligibility requirements.

CMultiLender Swap program Under the MultiLender Swap program, the…6,253 ch

(C) MultiLender Swap program Under the MultiLender Swap program, the aggregate UPB of all relocation Mortgages included in any delivery of Mortgages may not exceed 10% of the aggregate UPB of all Mortgages in that delivery. If the delivery also includes Extended Buydown Mortgages and/or Cooperative Share Loans, the aggregate UPB of all relocation Mortgages, Extended Buydown Mortgages and Cooperative Share Loans may not exceed 15% of the aggregate UPB of all Mortgages in that delivery. (v) Extended Buydown Mortgages

AFixed-rate Guarantor program (UMBS) Under the fixed-rate…497 ch

(A) Fixed-rate Guarantor program (UMBS) Under the fixed-rate Guarantor program (UMBS), the aggregate UPB of all Extended Buydown Mortgages may not exceed 10% of the aggregate UPB of all Mortgages in the applicable UMBS Pool. If the UMBS Pool also includes relocation Mortgages and/or Cooperative Share Loans, the aggregate UPB of all Extended Buydown Mortgages, relocation Mortgages and Cooperative Share Loans may not exceed 15% of the aggregate UPB of all Mortgages in the applicable UMBS Pool.

BMultiLender Swap program Under the MultiLender Swap program, the…2,211 ch

(B) MultiLender Swap program Under the MultiLender Swap program, the aggregate UPB of all Extended Buydown Mortgages included in any delivery of Mortgages may not exceed 10% of the aggregate UPB of all Mortgages in that delivery. If the delivery also includes relocation Mortgages and/or Cooperative Share Loans, the aggregate UPB of all Extended Buydown Mortgages, relocation Mortgages and Cooperative Share Loans may not exceed 15% of the aggregate UPB of all Mortgages in that delivery. See Section 4204.3 for Extended Buydown Mortgage eligibility requirements. (vi) Super conforming Mortgages (A) Fixed-rate Guarantor program (UMBS) UMBS Pools may include both super conforming fixed-rate Mortgages and conforming fixed-rate Mortgages, subject to the following: ■ For deliveries into 15-, 20- and 30-year conforming UMBS, the aggregate UPB of all 15-, 20- and/or 30-year fixed-rate super conforming Mortgages may not exceed 10% of the aggregate UPB of all fixed-rate Mortgages in the applicable UMBS Pool ■ If the UMBS Pool also includes relocation Mortgages, Extended Buydown Mortgages and/or Cooperative Share Loans, then each may not comprise more than 10% of the UPB of all Mortgages in the UMBS Pool; however, the aggregate UPB of all relocation Mortgages, Extended Buydown Mortgages and/or Cooperative Share Loans combined may not exceed 15% of the aggregate UPB of all Mortgages in the applicable UMBS Pool ■ For each UMBS Pool, the aggregate UPB of super conforming Mortgages may not exceed 10%, and the aggregate UPB of relocation Mortgages, Extended Buydown Mortgages and/or Cooperative Share Loans combined may not exceed 15% of the UPB of the UMBS Pool (B) Fixed-rate Guarantor program (MBS) On a negotiated basis, for deliveries into 15-, 20- and 30-year super conforming MBS Pools, the aggregate UPB of all 15-, 20- and/or 30-year fixed-rate super conforming Mortgages may be any percentage up to and including 100% of the aggregate UPB of all Mortgages in the applicable MBS Pool. For super conforming Mortgages with loan-to-value ratios greater than 105%, the pooling and delivery requirements relating to Freddie Mac Enhanced Relief Refinance Mortgages® set forth in Section 6302.40 apply.

CMultiLender Swap program Pools may include both super conforming…3,024 ch

(C) MultiLender Swap program Pools may include both super conforming fixed-rate Mortgages and fixed-rate Mortgages, subject to the following: ■ For deliveries into 15-, 20- and 30-year UMBS Pools issued under the MultiLender Swap program, the aggregate UPB of all fixed-rate super conforming Mortgages included in any delivery of Mortgages may not exceed 10% of the aggregate UPB of all Mortgages in that delivery ■ If the delivery also includes relocation Mortgages, Extended Buydown Mortgages and/or Cooperative Share Loans, then each may not comprise more than 10% of the UPB of all Mortgages in the delivery; provided, however, the aggregate UPB of all relocation Mortgages, Extended Buydown Mortgages and/or Cooperative Share Loans combined may not exceed 15% of the aggregate UPB of all Mortgages in that delivery ■ For each delivery, the aggregate UPB of super conforming Mortgages may not exceed 10%, and the aggregate UPB of relocation Mortgages, Extended Buydown Mortgages and/or Cooperative Share Loans combined may not exceed 15% of the aggregate UPB of all Mortgages in that delivery ■ On a negotiated basis, for deliveries into 15-, 20- and 30-year super conforming MBS Pools issued under the MultiLender Swap program, the aggregate UPB of all 15-, 20- and/or 30-year fixed-rate super conforming Mortgages may be any percentage up to and including 100% of the aggregate UPB of all Mortgages in the applicable pool See Chapter 4603 for super conforming Mortgage eligibility requirements. (vii) Cooperative Share Loans (A) Fixed-rate Guarantor program (UMBS) Under the fixed-rate Guarantor program (UMBS), the aggregate UPB of all fixed-rate Cooperative Share Loans may not exceed 10% of the aggregate UPB of all Mortgages and Cooperative Share Loans in the applicable UMBS Pool. If the UMBS Pool also includes relocation Mortgages and/or Extended Buydown Mortgages, the aggregate UPB of any Cooperative Share Loans and/or Relocation Mortgages and/or Extended Buydown Mortgages may not exceed 15% of the aggregate UPB of all Mortgages and Cooperative Share Loans in the applicable UMBS Pool. (B) Fixed-rate Guarantor program (MBS) Under the fixed-rate Guarantor program (MBS), on a negotiated basis, the Seller may deliver MBS Pools that consist entirely of fixed-rate Cooperative Share Loans. The Seller should contact its Freddie Mac account manager for specific eligibility requirements. (C) MultiLender Swap program Under the MultiLender Swap program, the aggregate UPB of all fixed-rate Cooperative Share Loans included in any delivery of Cooperative Share Loans may not exceed 10% of the aggregate UPB of all Mortgages and Cooperative Share Loans in that delivery. If the delivery also includes relocation Mortgages and/or Extended Buydown Mortgages, the aggregate UPB of any Cooperative Share Loans and/or Relocation Mortgages and/or Extended Buydown Mortgages may not exceed 15% of the aggregate UPB of all Mortgages in that delivery. See Chapter 5705 for Cooperative Share Loan eligibility requirements.

Source: Freddie Mac Single-Family Seller/Servicer Guide 6202.3 — Pooling requirements for UMBS® and MBS Pools · source URL · snapshot 4c94f67729042dd6

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