source:
  type: regulation
  id: fhlmc-8601.8
  authority: Freddie Mac Single-Family Seller/Servicer Guide §8601.8 — REO – asset management and compliance (09/10/25)
  description: "Freddie Mac Guide §8601.8 (REO – asset management and compliance). Gap-fill (verbatim, ID-diff).\
    \ \n"
obligations:
- id: fhlmc-8601.8-0
  canonical_id: fhlmc-8601.8-0
  section: Freddie Mac Guide 8601.8
  description: '8601.8 REO – asset management and compliance: (09/10/25) The brown font text used throughout this
    chapter denotes the special requirements for Servicing Senior Subordinate Mortgages. Text in black or green
    font denotes general Servicing requirements that also apply elsewhere in the Guide. This section contains information
    re…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §8601.8 — REO – asset management and compliance (09/10/25)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: '(09/10/25) The brown font text used throughout this chapter denotes the special requirements
      for Servicing Senior Subordinate Mortgages. Text in black or green font denotes general Servicing requirements
      that also apply elsewhere in the Guide. This section contains information related to: ■ REO – General requirements
      ■ REO – Documentation and reporting requirements ■ REO – Notifying the taxing authority/homeowners association
      (HOA) (a) REO - General requirements This subsection has been adapted from Section 9603.1(a) to reflect special
      Servicing requirements for Senior Subordinate Mortgages. Once the Senior Subordinate Trust has acquired a
      property as an REO and after the Servicer has successfully reported the foreclosure sale or deed-in-lieu of
      foreclosure in Resolve® pursuant to Section 9603.1(b), the Servicer will no longer be responsible for the
      following REO activities, including for properties located in States that have a redemption, confirmation
      process or ratification of sale: ■ Securing, maintaining, protecting, inspecting and preserving the property
      ■ Making advances to superior lienholders, including condominium/HOA or Cooperative Corporation assessments
      (see Chapter 8801 for special Servicing requirements for Cooperative Share Loans), Condominium Unit maintenance
      fees or Cooperative Unit Maintenance Fees and ground rents ■ Evicting the occupants in the property'
    drafter_attestation: Verbatim from Freddie Guide §8601.8 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-8601.8-1
  canonical_id: fhlmc-8601.8-1
  section: Freddie Mac Guide 8601.8
  description: '8601.8 REO – asset management and compliance: 601-38 ■ Marketing and rehabilitating the REO Servicers
    are responsible for the following activities pending the sale of the REO by Freddie Mac or the MI, FHA, RHS
    or VA: ■ Filing and concluding FHA, RHS and VA claims, if applicable. (Freddie Mac will file MI claims.) ■ Filing
    an…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §8601.8 — REO – asset management and compliance (09/10/25)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: '601-38 ■ Marketing and rehabilitating the REO Servicers are responsible for the following
      activities pending the sale of the REO by Freddie Mac or the MI, FHA, RHS or VA: ■ Filing and concluding FHA,
      RHS and VA claims, if applicable. (Freddie Mac will file MI claims.) ■ Filing and concluding property insurance
      claims, if applicable, and applying for premium refunds in accordance with Section 9603.1(d). The Servicer
      is required to cancel any existing property insurance policies no later than 14 days after the foreclosure
      sale or deed-in-lieu of foreclosure has been successfully reported to Freddie Mac. Freddie Mac may instruct
      the Servicer to maintain property insurance (even if the property is vacant and has no claimable damage).
      If Freddie Mac makes this request, the Servicer must continue the insurance coverage until Freddie Mac notifies
      the Servicer that Freddie Mac has sold the REO. ■ Referring all inquiries and offers regarding purchase of
      the REO to Freddie Mac (see Directory 6) within one Business Day of the inquiry or offer ■ Fulfilling all
      requests made by Freddie Mac, including attorney selection. If the Servicer requires the assistance of an
      attorney in fulfilling any of the obligations set forth in this chapter, the Servicer must use an attorney
      who meets the criteria in Section 9501.2. ■ Taking such action that Freddie Mac may request regarding a property
      Servicers may review the REO Overview report, accessible via the “REO” tile of the Servicer’s Servicer Performance
      Profile (SPP) (see Exhibit 88), for the property status. The Servicer may also call Customer Service at 800-FREDDIE
      to obtain this information. Freddie Mac will not send the Servicer a written notice of the sale of the REO.
      (b) REO – Documentation and reporting requirements This subsection has been adapted from Section 9603.3(a)
      to reflect special Servicing requirements for Senior Subordinate Mortgages. This section details Freddie Mac’s
      requirements for submitting documentation and reporting information during the REO holding period. The Servicer
      may review the REO Overview report, accessible via the “REO” tile of the Servicer’s SPP (see Exhibit 88) for
      the property status, including the Property Condition Certificate completion date. The Servicer may also call
      Customer Service at 800-FREDDIE to obtain this information. Freddie Mac will not send the Servicer a written
      notice of the sale of the REO. (c) REO – Notifying the taxing authority/ HOA'
    drafter_attestation: Verbatim from Freddie Guide §8601.8 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-8601.8-2
  canonical_id: fhlmc-8601.8-2
  section: Freddie Mac Guide 8601.8
  description: '8601.8 REO – asset management and compliance: 601-39 This subsection has been adapted from Section
    9603.1(c), to reflect special Servicing requirements for Senior Subordinate Mortgages. Within five days of successfully
    reporting the foreclosure sale or deed-in-lieu of foreclosure in Resolve, the Servicer must notify the taxi…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §8601.8 — REO – asset management and compliance (09/10/25)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: '601-39 This subsection has been adapted from Section 9603.1(c), to reflect special Servicing
      requirements for Senior Subordinate Mortgages. Within five days of successfully reporting the foreclosure
      sale or deed-in-lieu of foreclosure in Resolve, the Servicer must notify the taxing authority and condominium
      association, HOA or Cooperative Corporation (see Chapter 8801 for special Servicing requirements for Cooperative
      Share Loans), as applicable, of the Senior Subordinate Trust’s ownership of the property and Freddie Mac’s
      management of the property on behalf of the Senior Subordinate Trust to ensure that statements are sent to
      the appropriate location. When the Servicer contacts these organizations, the Servicer must update the remitter’s
      name as follows: [Legal Name of Senior Subordinate Trust] c/o Radian Real Estate Management 7730 South Union
      Park Avenue, Suite 400 Midvale, UT 84047 Important: Freddie Mac will pay the property taxes, condominium/HOA
      or Cooperative Corporation assessments, Condominium Unit maintenance fees or Cooperative Unit Maintenance
      Fees and ground rents, as applicable, as they become due after the Servicer successfully reports the foreclosure
      sale or the deed-in-lieu of foreclosure. Freddie Mac may retain a vendor to conduct such activities. There
      are special requirements for REO located in California. California taxing authorities reassess properties
      for supplemental taxes from the foreclosure sale date to the sale date of the REO. Also, taxing authorities
      often generate a supplemental tax statement long after the REO sale date. Therefore, the Servicer must notify
      the taxing authority in writing to send any supplemental tax bills to the Senior Subordinate Trust in care
      of the address above within five days following the foreclosure sale or the deed-in-lieu of foreclosure date.'
    drafter_attestation: Verbatim from Freddie Guide §8601.8 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-8601.8-3
  canonical_id: fhlmc-8601.8-3
  section: Freddie Mac Guide 8601.8
  description: '8601.8 REO – asset management and compliance: 701-1 Chapter 8701: Servicing Requirements for Community
    Land Trust Mortgages'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §8601.8 — REO – asset management and compliance (09/10/25)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: '701-1 Chapter 8701: Servicing Requirements for Community Land Trust Mortgages'
    drafter_attestation: Verbatim from Freddie Guide §8601.8 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
