Freddie Mac Single-Family Seller/Servicer Guide 7102.1 — Definitions, eligibility and applicability for
Freddie Mac Single-Family Seller/Servicer Guide section 7102.1 — Definitions, eligibility and applicability for. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.
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Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 7102.1 — Definitions, eligibility and applicability for — 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 7102.1 — Definitions, eligibility and applicability for
Voluntary Partial Cancellation (VPC) Transfers of Servicing (07/09/25) This section contains requirements related to: ■ Key terms and definitions for Voluntary Partial Cancellation (VPC) Transfers of Servicing ■ VPC Transfers of Servicing eligibility ■ VPC Transfer of Servicing and Flow VPC Transfer of Servicing (a) Key terms and definitions for VPC Transfers of Servicing For purposes of this Chapter 7102, the following terms have the prescribed meaning as set forth in Exhibit 30, Voluntary Partial Cancellation of Servicing Contract Rights Agreement (RPL & NPL) Incorporated Provisions, and Exhibit 31, Flow Voluntary Partial Cancellation of Servicing Contract Rights Agreement Incorporated Provisions, as applicable: ■ Flow VPC Agreement ■ Flow VPC Transfer(s) of Servicing ■ VPC Agreement ■ VPC Transfer(s) of Servicing (b) VPC Transfers of Servicing eligibility This Chapter 7102 is not a general offering and is only available to specific Servicers. This Chapter 7102 does not apply unless and until Freddie Mac and the Servicer execute and deliver a VPC Agreement or a Flow VPC Agreement, as applicable, in form and substance acceptable to Freddie Mac in its sole and absolute discretion implementing these terms and conditions. (c) VPC Transfer of Servicing and Flow VPC Transfer of Servicing (i) VPC Transfer of Servicing Consent and Agreement If Freddie Mac consents to a VPC Transfer of Servicing, it will indicate its consent only by executing a VPC Agreement, which must also be executed by the Servicer, in form and substance acceptable to Freddie Mac in its sole and absolute discretion. All VPC Agreements must include the following language: “This VPC Agreement incorporates the provisions of Chapter 7102 and the provisions of Exhibit 30 by reference as a substantive contractual part of this VPC Agreement such that the Servicer expressly agrees that (i) Chapter 7102 is operative as to the Servicer and (ii) the Servicer is bound by the terms and conditions set forth in Chapter 7102 and Exhibit 30.” (ii) Flow VPC Transfer of Servicing Agreement requirements If Freddie Mac consents to a Flow VPC Transfer of Servicing, it will indicate its consent only by executing a Flow VPC Agreement, which must also be executed by the Servicer, in form and substance acceptable to Freddie Mac in its sole and absolute discretion. All Flow VPC Agreements must include the following language: “This Flow VPC Agreement incorporates the provisions of Chapter 7102 and the provisions of Exhibit 31 by reference as a substantive contractual part of this Flow VPC Agreement such that the Servicer expressly agrees that (i) Chapter 7102 is operative as to the Servicer and (ii) the Servicer is bound by the terms and conditions set forth in Chapter 7102 and Exhibit 31.”
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