Freddie Mac Single-Family Seller/Servicer Guide 6302.19 — Special delivery requirements for Seller- Owned Converted Mortgages
Freddie Mac Single-Family Seller/Servicer Guide section 6302.19 — Special delivery requirements for Seller- Owned Converted Mortgages. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 6302.19 — Special delivery requirements for Seller- Owned Converted 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 6302.19 — Special delivery requirements for Seller- Owned Converted Mortgages
■ General requirements ■ Data delivery instructions ■ Delivery programs (a) General requirements See Chapter 4402 for special eligibility requirements for Seller-Owned Converted Mortgages. (b) Data delivery instructions For Seller-Owned Converted Mortgages, the Seller must deliver all required loan data for the original ARM, as well as ULDD Data Points for the Converted Mortgage: Data Required for Seller-Owned Converted Mortgages Sort ID ULDD Data Point Valid Value Notes LOAN – Closing → Conversion Option Details 232 Convertible Indicator true 102 Conversion Type To Fixed Rate → Streamlined Loan Details 222 Related Loan Investor Type Seller Enter “Seller” for SellerOwned Converted Mortgages. LOAN – Current → Conversion Details 354 Convertible Status Type Exercised Enter “Exercised” when the conversion option has been exercised prior to delivery. LOAN – Conversion 459 Loan Role Type2 Subject Loan 465 Loan State Date1 Enter the Conversion Date. 466 Loan State Type1, 2 At Conversion → Note Details 474 Note Amount2 Enter the loan amount of the resulting Converted Mortgage. 476 Note Rate Percent Enter the interest rate of the resulting converted Note in effect as of the Conversion Date. 468 Initial Principal And Interest Payment Amount Enter the principal and interest (P&I) payment as stated on the Note after the conversion. 460 Latest Conversion Effective Date2 Enter the Conversion Date. 467 Loan Maturity Date Enter the maturity date of the resulting Converted Mortgage. 471 Scheduled First Payment Date Enter the date of the first scheduled Mortgage payment after conversion. → Product Details 463 Interest Calculation Type Simple Enter the interest calculation type of the Converted Mortgage. Data Required for Seller-Owned Converted Mortgages Sort ID ULDD Data Point Valid Value Notes 472 Mortgage Type Conventional The related Glossary term for “Conventional” is Home Mortgage. 464.1 Balloon Indicator false 469 Payment Frequency Type Monthly Enter the payment frequency of the Converted Mortgage. 461 Loan Amortization Type2 Fixed 1 This data point name does not appear as a Loan Selling Advisor® input field, but instead is reflected in a screen heading or section. 2 This data point must be populated to save the file in Loan Selling Advisor. (c) Delivery programs Seller-Owned Converted Mortgages may be sold only under the following: ■ Fixed-rate Cash ■ Fixed-rate Guarantor ■ MultiLender Swap
Operationalizing Freddie Mac Single-Family Seller/Servicer Guide 6302.19 — Special delivery requirements for Seller- Owned Converted Mortgages
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Source of record: https://claudeforcompliance.com/regs/fhlmc-6302-19/
· register fhlmc-6302-19 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.