source:
  type: regulation
  id: fhlmc-3602.2
  authority: Freddie Mac Single-Family Seller/Servicer Guide §3602.2 — Repurchases requirements and alternatives
    (11/19/25)
  description: "Freddie Mac Guide §3602.2 (Repurchases requirements and alternatives). Gap-fill (verbatim, ID-diff).\
    \ \n"
obligations:
- id: fhlmc-3602.2-0
  canonical_id: fhlmc-3602.2-0
  section: Freddie Mac Guide 3602.2
  description: '3602.2 Repurchases requirements and alternatives: (11/19/25) This section contains requirements
    related to: ■ Repurchases required by Freddie Mac due to violations of sale representations and warranties ■
    Repurchases and repurchase alternatives required by Freddie Mac due to Servicing violations ■ Repurchases requested
    by the Se…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §3602.2 — Repurchases requirements and alternatives
      (11/19/25)
    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: '(11/19/25) This section contains requirements related to: ■ Repurchases required by Freddie
      Mac due to violations of sale representations and warranties ■ Repurchases and repurchase alternatives required
      by Freddie Mac due to Servicing violations ■ Repurchases requested by the Seller/Servicer (a) Repurchases
      required by Freddie Mac due to violations of sale representations and warranties (i) Joint and several liability
      For Mortgages sold to Freddie Mac, the Seller, the Seller as Servicer, any prior Servicer and/or the current
      Transferee Servicer of the Mortgages (referred to as the “Seller/Servicer” in this section) are jointly and
      severally liable for all selling and origination representations, covenants and warranties in the Purchase
      Documents with respect to the Mortgages, unless specifically otherwise provided in the Purchase Documents.
      In addition to any other remedies it may have at law or in equity for any Mortgage it purchased, Freddie Mac
      may require the Seller/Servicer to repurchase Freddie Mac’s interest in a Mortgage if Freddie Mac has designated
      any loan-level deficiency that breaches a term contained in the Purchase Documents in effect at the time of
      Mortgage purchase as resulting in a Significant Defect (as such term is defined in Section 3401.1(a). (ii)
      Repurchase requirements Freddie Mac will require the Seller/Servicer to repurchase Freddie Mac’s interest
      in a Mortgage if the repurchase is required under the terms of the Purchase Documents.'
    drafter_attestation: Verbatim from Freddie Guide §3602.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-3602.2-1
  canonical_id: fhlmc-3602.2-1
  section: Freddie Mac Guide 3602.2
  description: '3602.2 Repurchases requirements and alternatives: 602-5 Freddie Mac’s decision to require the Seller/Servicer
    to repurchase a Mortgage shall be conclusive. Failure to comply with Freddie Mac’s repurchase requirement may
    result in: ■ Suspension of selling and/or Servicing privileges or ■ Disqualification as a Freddie Mac Seller
    a…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §3602.2 — Repurchases requirements and alternatives
      (11/19/25)
    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: '602-5 Freddie Mac’s decision to require the Seller/Servicer to repurchase a Mortgage shall
      be conclusive. Failure to comply with Freddie Mac’s repurchase requirement may result in: ■ Suspension of
      selling and/or Servicing privileges or ■ Disqualification as a Freddie Mac Seller and/or Servicer Suspension
      or disqualification shall not limit Freddie Mac’s right to take other action to enforce its rights or protect
      its interests. (iii)Time frame for repurchase The Seller/Servicer must repurchase Freddie Mac’s interest in
      the identified Mortgage within 60 days of the date of Freddie Mac’s request or within such other time frame
      as specified by Freddie Mac. Any appeal of Freddie Mac’s Repurchase Demand must be made in accordance with
      the requirements of Section 3602.4(b). (iv) Repurchase alternative Freddie Mac may, at its sole discretion,
      provide the Seller/Servicer with a Repurchase Alternative (as such term is defined in Section 3401.1(a)(i))
      of the identified Mortgage in accordance with Section 3401.1(a)(vi). In each such case, Freddie Mac will notify
      the Seller/Servicer of the type and terms of the Repurchase Alternative. For purposes of this Section 3602.2(a),
      Mortgages that are subject to repurchase include active Mortgages, inactive Mortgages and REO and all other
      post-foreclosure situations pursuant to the provisions of Section 3602.3(a). (b) Repurchases and repurchase
      alternatives required by Freddie Mac due to Servicing violations (i) Process for remediating Servicing Violations
      and related Servicing Defects The steps below describe the process that Freddie Mac will follow to categorize
      Servicing Defects, allow Servicing Corrections to Servicing Defects through a notice of Servicing Defect and
      remedy Servicing Defects through a Servicing Remedy letter (i.e., Repurchase Demand or Servicing Repurchase
      Alternative demand letter). 1. Determination of whether to send a notice of Servicing Defect or a Servicing
      Remedy letter If Freddie Mac identifies a Servicing Violation, Freddie Mac may issue either a notice of Servicing
      Defect or a Servicing Remedy letter.'
    drafter_attestation: Verbatim from Freddie Guide §3602.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-3602.2-2
  canonical_id: fhlmc-3602.2-2
  section: Freddie Mac Guide 3602.2
  description: '3602.2 Repurchases requirements and alternatives: 602-6 Freddie Mac will issue a notice of Servicing
    Defect or a Servicing Remedy letter for a title-related defect only after liquidation of the Mortgage (i.e.,
    after foreclosure or following completion of a deed-in-lieu of foreclosure) unless: ■ A prior foreclosure has
    extinguish…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §3602.2 — Repurchases requirements and alternatives
      (11/19/25)
    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: '602-6 Freddie Mac will issue a notice of Servicing Defect or a Servicing Remedy letter for
      a title-related defect only after liquidation of the Mortgage (i.e., after foreclosure or following completion
      of a deed-in-lieu of foreclosure) unless: ■ A prior foreclosure has extinguished Freddie Mac’s Mortgage, or
      ■ Freddie Mac has determined that the title-related defect prevents foreclosure or other enforcement of Freddie
      Mac’s rights under the Note or Mortgage (e.g., the title-related defect prevents completion of a deed-in-lieu
      of foreclosure) (A) Notice of Servicing Defect If Freddie Mac determines that the Servicing Defect resulting
      from a Servicing Violation can be reasonably corrected by the Servicer, Freddie Mac will issue a notice of
      Servicing Defect. (B) Servicing Remedy letter If Freddie Mac deems the Servicing Defect resulting from a Servicing
      Violation to be uncorrectable by the Servicer, Freddie Mac will issue a Servicing Remedy letter. A Servicing
      Remedy letter may also be issued if a Servicing Defect (i) is not corrected by the Servicer during the Servicing
      Correction period, if applicable or (ii) caused or will cause Freddie Mac losses, expenses or damages, notwithstanding
      any Servicing Correction. If a Servicer fails to comply with any Servicing Remedy letter, Freddie Mac may
      pursue other available rights and remedies under the Guide and the other Purchase Documents, including repurchase.
      The following are limited instances in which a Servicing Defect resulting from a Servicing Violation may be
      deemed to be uncorrectable. Therefore, a Servicing Remedy letter may be issued in lieu of a notice of Servicing
      Defect when a Servicing Defect: ■ Extinguishes the lien, security interest or other property interest, or
      the lien, security interest or other property interest becomes inadequate for the realization of the benefits
      of the security against the related Mortgaged Premises; ■ Causes irreparable damage to the physical improvements
      to the Mortgaged Premises or REO property or renders the Mortgaged Premises or REO property uninhabitable;'
    drafter_attestation: Verbatim from Freddie Guide §3602.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-3602.2-3
  canonical_id: fhlmc-3602.2-3
  section: Freddie Mac Guide 3602.2
  description: '3602.2 Repurchases requirements and alternatives: 602-7 ■ Is a result of a foreclosure sale to a
    third-party purchaser, completed short sale or completed deed-in-lieu of foreclosure that was not compliant
    with the Guide and the other Purchase Documents; ■ Extinguishes Freddie Mac’s ability to either file an insurance
    claim or se…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §3602.2 — Repurchases requirements and alternatives
      (11/19/25)
    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: '602-7 ■ Is a result of a foreclosure sale to a third-party purchaser, completed short sale
      or completed deed-in-lieu of foreclosure that was not compliant with the Guide and the other Purchase Documents;
      ■ Extinguishes Freddie Mac’s ability to either file an insurance claim or seek full recovery of an insurance
      claim amount, for any insurance or guarantee type; or ■ Results in a property that was not preserved and maintained
      in accordance with the Guide and the other Purchase Documents, and, following acquisition of the property,
      Freddie Mac needs to make any repairs to the REO property as a result (C) Servicing Repurchase Alternative
      demand letter A Servicing Repurchase Alternative demand letter will be issued for Servicing Defects not constituting
      Servicing Repurchase Defects, including, if applicable, after a Servicing Correction period. Freddie Mac will
      issue any such Servicing Repurchase Alternative demand letter within 60 days after the expiration of the Servicing
      Correction period, including any extensions and resolution of any appeals (see Section 3602.4(c)) unless Freddie
      Mac provides notice to the Servicer that it is unable to provide the Servicing Repurchase Alternative demand
      letter within such time frame. Any such notice will describe the anticipated time frame for issuing the related
      Servicing Repurchase Alternative demand letter. (D) Repurchase Demand A Repurchase Demand will be issued for
      any Servicing Repurchase Defect. For purposes of this Section 3602.2(b), Repurchase Demands include active
      Mortgages, inactive Mortgages and REO and all other post-foreclosure situations pursuant to the provisions
      of Section 3602.3(a). If there are multiple Servicing Defects caused by a Servicing Violation or Violations,
      Freddie Mac may either issue a: ■ Repurchase Demand if any Servicing Violation constitutes a Servicing Repurchase
      Defect, or ■ Servicing Repurchase Alternative demand letter for all Servicing Defects, in each case based
      on each specific Servicing Violation'
    drafter_attestation: Verbatim from Freddie Guide §3602.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-3602.2-4
  canonical_id: fhlmc-3602.2-4
  section: Freddie Mac Guide 3602.2
  description: '3602.2 Repurchases requirements and alternatives: 602-8 (E) Contents of notices of Servicing Defect
    and Servicing Remedy letters The notice of Servicing Defect or Servicing Remedy letter will include the following
    information: ■ The specific Servicing Violation(s) and/or related Servicing Defect(s) ■ For a notice of Servicing
    De…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §3602.2 — Repurchases requirements and alternatives
      (11/19/25)
    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: '602-8 (E) Contents of notices of Servicing Defect and Servicing Remedy letters The notice
      of Servicing Defect or Servicing Remedy letter will include the following information: ■ The specific Servicing
      Violation(s) and/or related Servicing Defect(s) ■ For a notice of Servicing Defect, the Servicing Correction
      period ■ For a Servicing Repurchase Alternative demand letter, the Servicing Repurchase Alternative amount,
      including calculation of the Servicing Repurchase Alternative amount. (For a repurchase request, refer to
      Section 3602.3(a) for details regarding the calculation of the repurchase price.) ■ For a Servicing Remedy
      letter: The time frame for completing the repurchase or payment of the Servicing Repurchase Alternative and
      information regarding the Servicer’s right to appeal and time frame for appeal pursuant to Section 3602.4(c)
      2. Servicing Corrections During the Servicing Correction period identified in a notice of Servicing Defect,
      a Servicer must correct the related Servicing Defect(s) in the specified time frame required in the notice
      of Servicing Defect. Following the Servicing Correction period, Freddie Mac will assess any Servicing Correction
      made by the Servicer to determine whether a Servicing Remedy letter will be issued. If the Servicer provides
      an acceptable Servicing Correction, Freddie Mac will not pursue a repurchase; however, Freddie Mac may still
      issue a Servicing Repurchase Alternative demand letter for any damages, expenses or losses suffered as a result
      of the Servicing Violation. If Freddie Mac determines it will not issue a Servicing Remedy letter, Freddie
      Mac will notify the Servicer that the related notice of Servicing Defect has been closed. A Servicer may attempt
      to correct the Servicing Defect identified in a Servicing Remedy letter following the expiration of the Servicing
      Correction period and issuance of the Servicing Remedy letter; however, once the Appeal Process has concluded
      or, if applicable, the impasse period has expired, as described in Section 3602.4(c), the Servicer can no
      longer submit a Servicing Correction for consideration by Freddie Mac. 3. Appeals of Servicing Remedy letters
      All Servicing Remedy letters issued to a Servicer are subject to the Appeal Process, which may be initiated
      by the Servicer in accordance with Section 3602.4(c).'
    drafter_attestation: Verbatim from Freddie Guide §3602.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-3602.2-5
  canonical_id: fhlmc-3602.2-5
  section: Freddie Mac Guide 3602.2
  description: '3602.2 Repurchases requirements and alternatives: 602-9 (ii) Other representations and warranties
    In addition to any other remedies it may have at law or in equity for any Mortgage it purchased, Freddie Mac
    may require the Servicer to repurchase Freddie Mac’s interest in a Mortgage if, in Freddie Mac’s sole discretion,
    Freddie M…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §3602.2 — Repurchases requirements and alternatives
      (11/19/25)
    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: '602-9 (ii) Other representations and warranties In addition to any other remedies it may have
      at law or in equity for any Mortgage it purchased, Freddie Mac may require the Servicer to repurchase Freddie
      Mac’s interest in a Mortgage if, in Freddie Mac’s sole discretion, Freddie Mac determines that the Servicer
      has failed to comply with any contractual representation and warranty, as prescribed in the Guide and the
      other Purchase Documents. Contractual representations and warranties include, but are not limited to: ■ Compliance
      with Chapter 3201 regarding fraud, ■ Compliance with the Freddie Mac Charter Act, ■ Warranties and obligations
      of the Servicer regarding the Freddie Mac Exclusionary List or FHFA‘s Suspended Counterparty Program, and
      ■ Compliance with applicable law, all as related to the Servicing of a Mortgage (c) Repurchases requested
      by the Seller/Servicer Under exceptional circumstances, the Seller/Servicer may be allowed to repurchase Freddie
      Mac’s interest in a Mortgage. Each repurchase must have Freddie Mac’s prior written approval and be documented
      in the applicable Mortgage file. To request a repurchase, the Seller/Servicer must complete Form 105, Multipurpose
      Loan Servicing Transmittal, and submit it to Freddie Mac via e-mail at Repurchase@FreddieMac.com. (See Directory
      1 for additional submission options.) Generally, only a Mortgage that is 90 or more days delinquent or being
      foreclosed upon may be repurchased under this section. Without Freddie Mac’s prior written approval, a Seller/Servicer
      may not voluntarily repurchase a Price-Adjusted Loan (PAL) (as such term is defined in Section 3401.1(a)).'
    drafter_attestation: Verbatim from Freddie Guide §3602.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
