source:
  type: regulation
  id: fhlmc-9204
  authority: "Freddie Mac Single-Family Seller/Servicer Guide Chapter 9204 — Freddie Mac Workout Options"
  description: 'Chapter 9204 of the Freddie Mac Single-Family Seller/Servicer Guide

    governs Freddie Mac workout options: Servicer evaluation, delegated

    approval authority, processing and documentation for workout

    recommendations, compensation, and prohibition of certain Borrower

    fees. NOTE: actual title is "Freddie Mac Workout Options", not

    "Trial Period Plans".

    '
obligations:
- id: fhlmc-9204-evaluate-under-loss-mit-hierarchy
  canonical_id: fhlmc-9204-evaluate-under-loss-mit-hierarchy
  section: "Freddie Mac Guide Section 9204.1(a) — Freddie Mac workout options"
  description: '[LENDER] must evaluate Borrowers in accordance with the Freddie Mac

    loss mitigation evaluation hierarchy set forth in Section 9201.2 for

    Freddie Mac''s available workout options including Mortgage

    modifications, workout Mortgage assumptions, short sales,

    deeds-in-lieu of foreclosure, and charge-offs.

    '
  type: do
  audit_question: Can [LENDER] evidence that, for every Borrower considered for a workout option (Mortgage modification, workout Mortgage assumption, short sale, DIL, or charge-off), evaluation followed the Section 9201.2 loss mitigation hierarchy?
  workflow_phase: servicing
  owner_role: loss_mitigation_specialist
  secondary_owner_role: compliance_officer
  cadence: per-workout-evaluation
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - fhlmc
  - freddie-mac
  - servicing-guide
  - workout
  - hierarchy
  - promoted
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide Section 9204.1(a)
    source_class: fhlmc-guide
    source_url: https://guide.freddiemac.com/ci-guide
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-05-23T00:27:40Z'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: Servicers must evaluate Borrowers in accordance with the Freddie Mac loss mitigation
    drafter_attestation: Copied verbatim from Freddie Mac Guide snapshot 5869ee9e606cd4ae (Chapter 9204) at 2026-05-22.
  promoted_at: '2026-05-23T01:04:35+00:00'
  promoted_from: fhlmc-9204-roundb-v1.yaml
  program_review: Does the program ensure Borrowers are evaluated under the §9201.2 hierarchy for the available workout options (modifications, workout assumptions, short sales, deeds-in-lieu, charge-offs)?
  file_review: For workout files, confirm the §9201.2 hierarchy drove the option evaluation.
  judgment: false
  feeds:
  - fhlmc-9204-collect-and-analyze-documentation
- id: fhlmc-9204-collect-and-analyze-documentation
  canonical_id: fhlmc-9204-collect-and-analyze-documentation
  section: "Freddie Mac Guide Section 9204.2(a)(i) — Steps for completing a workout"
  description: '[LENDER] must collect and analyze the required documentation and

    information in accordance with Chapter 9204 and Chapter 9202 as a

    required step for completing a workout.

    '
  type: do
  audit_question: Can [LENDER] evidence that, for every Freddie Mac workout it processed, required documentation and information were collected and analyzed in accordance with Chapter 9204 and Chapter 9202?
  workflow_phase: servicing
  owner_role: loss_mitigation_specialist
  secondary_owner_role: compliance_officer
  cadence: per-workout-event
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - fhlmc
  - freddie-mac
  - servicing-guide
  - workout
  - documentation
  - due-diligence
  - promoted
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide Section 9204.2(a)(i)
    source_class: fhlmc-guide
    source_url: https://guide.freddiemac.com/ci-guide
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-05-23T00:27:40Z'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: 1. The Servicer must collect and analyze the required documentation and information in
    drafter_attestation: Copied verbatim from Freddie Mac Guide snapshot 5869ee9e606cd4ae (Chapter 9204) at 2026-05-22.
  promoted_at: '2026-05-23T01:04:35+00:00'
  promoted_from: fhlmc-9204-roundb-v1.yaml
  program_review: Does the program ensure required documentation/information is collected and analyzed per Chapters 9204 and 9202 as a step for completing a workout?
  file_review: For completed workouts, confirm the required documentation was collected; the compliance person judges whether the analysis met Chapters 9204/9202.
  judgment: true
  feeds:
  - fhlmc-9204-perform-closing-activities-within-fm-timeframes
- id: fhlmc-9204-perform-closing-activities-within-fm-timeframes
  canonical_id: fhlmc-9204-perform-closing-activities-within-fm-timeframes
  section: "Freddie Mac Guide Section 9204.2(a)(i) — Closing a workout within Freddie Mac timeframes"
  description: '[LENDER] must perform all activities required for closing a workout

    within Freddie Mac''s required time frames, including settlement

    transactions, recording required documents, reporting the transaction

    to Freddie Mac, remitting funds collected, and submitting requests

    for reimbursement of allowable expenses within 30 days of settlement.

    '
  type: do
  audit_question: Can [LENDER] evidence that, for every Freddie Mac workout it closed, all closing activities (settlement, recording, transaction reporting, remitting funds, reimbursement requests) were performed within Freddie Mac's required time frames?
  workflow_phase: servicing
  owner_role: loss_mitigation_specialist
  secondary_owner_role: compliance_officer
  cadence: per-workout-closing
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - fhlmc
  - freddie-mac
  - servicing-guide
  - workout
  - closing-timeframes
  - promoted
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide Section 9204.2(a)(i)
    source_class: fhlmc-guide
    source_url: https://guide.freddiemac.com/ci-guide
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-05-23T00:27:40Z'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: 4. The Servicer must perform all activities required for closing a workout within Freddie
    drafter_attestation: Copied verbatim from Freddie Mac Guide snapshot 5869ee9e606cd4ae (Chapter 9204) at 2026-05-22.
  promoted_at: '2026-05-23T01:04:35+00:00'
  promoted_from: fhlmc-9204-roundb-v1.yaml
  program_review: Does the program ensure all workout-closing activities (settlement, recording, transaction reporting, remitting funds, reimbursement requests within 30 days of settlement) occur within Freddie Mac's required timeframes?
  file_review: For closed workouts, confirm each closing activity landed within its required timeframe, including reimbursement requests within 30 days of settlement.
  judgment: false
_promotion_history:
- promoted_at: '2026-05-23T01:04:35+00:00'
  candidate_path: obligations\_remediation\_round_b_drafts\fhlmc-9204-roundb-v1.yaml
  candidates_promoted: 3
  candidates_skipped_existing: 0
