source:
  type: regulation
  id: fhlmc-6102.2
  authority: Freddie Mac Single-Family Seller/Servicer Guide §6102.2 — ARM Cash Contracts (11/05/25)
  description: "Freddie Mac Guide §6102.2 (ARM Cash Contracts). Gap-fill (verbatim, ID-diff). \n"
obligations:
- id: fhlmc-6102.2-0
  canonical_id: fhlmc-6102.2-0
  section: Freddie Mac Guide 6102.2
  description: '6102.2 ARM Cash Contracts: This section contains requirements related to: ■ ARM Cash Contracts ■
    Pricing under ARM Cash ■ Acceptance of offer under ARM Cash (a) ARM Cash Contracts (i) Offer amounts and procedures
    for ARM Cash Contracts Freddie Mac will endeavor to announce prior to the offer day if commitm…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6102.2 — ARM Cash Contracts (11/05/25)
    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: 'This section contains requirements related to: ■ ARM Cash Contracts ■ Pricing under ARM Cash
      ■ Acceptance of offer under ARM Cash (a) ARM Cash Contracts (i) Offer amounts and procedures for ARM Cash
      Contracts Freddie Mac will endeavor to announce prior to the offer day if commitments will not be available
      due to holidays or other reasons. Contracts under ARM Cash are mandatory. Each Business Day, a Seller may
      take out contracts to sell ARMs under ARM Cash. The minimum amount for each ARM Cash Contract is $1,000. Freddie
      Mac may, at its discretion and at any time, impose a maximum contract amount for individual ARM Cash Contracts.
      The Seller may enter into multiple mandatory cash contracts but may not exceed $200 million in aggregate fixed-rate
      (see Section 6101.2(a)) and ARM commitment volume per day. The Seller may seek an exception to this amount
      by contacting the Cash Desk (Cash_Ex@FreddieMac.com or 571-382-5960).'
    drafter_attestation: Verbatim from Freddie Guide §6102.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-6102.2-1
  canonical_id: fhlmc-6102.2-1
  section: Freddie Mac Guide 6102.2
  description: '6102.2 ARM Cash Contracts: 102-4 Note: If this limit is exceeded without prior Freddie Mac approval,
    Freddie Mac may pair off the Seller’s contract(s) or may require the Seller to pair off the contract(s) at the
    Seller’s expense. (ii) Seller obligations for ARM Cash Contracts Under an ARM Cash Contract, th…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6102.2 — ARM Cash Contracts (11/05/25)
    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: '102-4 Note: If this limit is exceeded without prior Freddie Mac approval, Freddie Mac may
      pair off the Seller’s contract(s) or may require the Seller to pair off the contract(s) at the Seller’s expense.
      (ii) Seller obligations for ARM Cash Contracts Under an ARM Cash Contract, the Seller must: ■ Sell Mortgages
      to Freddie Mac that have an aggregate principal balance equal to the contract amount, plus or minus the greater
      of $10,000 or 2.5% of the contract amount, and ■ Have completed all requirements for the sale of the Mortgages
      by the close of business on the Purchase Contract Expiration Date (iii) Contract periods for ARM Cash Contracts
      Sellers may select a Purchase Contract period of between two and 90 days or such other time frame as permitted
      by Loan Selling Advisor®. Mortgages under an ARM Cash Contract may settle one at a time; however, all requirements
      for the sale of all Mortgages under the contract must be completed by the Purchase Contract Expiration Date.
      (iv) Pairoff process for ARM Cash Contracts In the event an ARM Cash Contract will not be fulfilled by delivery
      of Mortgages, the Seller may request a pairoff via Loan Selling Advisor or wait until the contract expires,
      at which point Loan Selling Advisor will automatically calculate the pairoff fee. The pairoff process used
      in Loan Selling Advisor is “two-way” and may result in either a fee due Freddie Mac from the Seller or a fee
      due the Seller from Freddie Mac, depending on market conditions. See Section 6401.1(b) for additional information
      regarding pairoffs of cash Purchase Contracts. A pairoff fee calculated and provided by Loan Selling Advisor
      is non-negotiable. Pairoff fees will be included in the Seller’s monthly invoice and paid as set forth in
      Chapter 6303. Freddie Mac reserves the right to amend the provisions of this section relating to the Loan
      Selling Advisor pairoff process without prior notice. (v) ARM Cash Contract extensions'
    drafter_attestation: Verbatim from Freddie Guide §6102.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-6102.2-2
  canonical_id: fhlmc-6102.2-2
  section: Freddie Mac Guide 6102.2
  description: '6102.2 ARM Cash Contracts: 102-5 If the contract amount specified in a Mandatory ARM Cash Contract
    will not be fulfilled prior to the contract expiration date, the Seller may extend, in Loan Selling Advisor,
    the ARM Cash Contract at any time prior to the contract expiration date. The Seller may extend the …'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6102.2 — ARM Cash Contracts (11/05/25)
    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: '102-5 If the contract amount specified in a Mandatory ARM Cash Contract will not be fulfilled
      prior to the contract expiration date, the Seller may extend, in Loan Selling Advisor, the ARM Cash Contract
      at any time prior to the contract expiration date. The Seller may extend the contract an unlimited number
      of times as long as the total extension period does not exceed 30 days from the original contract expiration
      date. In exchange for the contract extension, the Seller will be assessed a fee to be paid in accordance with
      Section 6303.2(a). (b) Pricing under ARM Cash (i) Loan Level Tolerance ARMs sold to Freddie Mac under an ARM
      Cash Contract may have Loan Attributes that vary within a specified range. The Loan Attributes are the: ■
      Life Caps ■ Margin ■ Note Rate ■ Numbers of months to the next Interest Change Date ■ Servicing Spread When
      taking out an ARM Cash Contract, the Seller must provide all of the data required by Loan Selling Advisor.
      Freddie Mac will use the data provided by the Seller to establish Loan Level Tolerances for each Loan Attribute.
      (ii) Obtaining pricing Pricing for ARM Cash is available from Loan Selling Advisor each Business Day. Once
      a Seller accepts and agrees to the contract price, the Seller may not increase the contract amount. The Seller
      may take out another contract to sell additional ARMs under ARM Cash. (iii)Certain negotiated Credit Fees
      Freddie Mac may, from time to time, assess certain negotiated Credit Fees. Any such pricing will be made available
      to the Seller on the cash Purchase Contract loan-level fee breakdown screen in Loan Selling Advisor.'
    drafter_attestation: Verbatim from Freddie Guide §6102.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-6102.2-3
  canonical_id: fhlmc-6102.2-3
  section: Freddie Mac Guide 6102.2
  description: '6102.2 ARM Cash Contracts: 102-6 In addition to the provisions of Section 1101.2(a)(ii), Freddie
    Mac may amend, supplement, revise or terminate any pricing or provisions implemented pursuant to this section
    in whole or in part upon written notice to the Seller. (c) Acceptance of offer under ARM Cash Except…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6102.2 — ARM Cash Contracts (11/05/25)
    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: 102-6 In addition to the provisions of Section 1101.2(a)(ii), Freddie Mac may amend, supplement,
      revise or terminate any pricing or provisions implemented pursuant to this section in whole or in part upon
      written notice to the Seller. (c) Acceptance of offer under ARM Cash Except as provided in Section 1201.4(b),
      there is a binding commitment by Freddie Mac to purchase, and by the Seller to sell, ARMs under the contract
      terms (subject to conformity of each ARM to the requirements of the Purchase Documents) once the Seller has
      accepted and agreed to the contract price provided by Freddie Mac in Loan Selling Advisor. The terms of the
      Purchase Contract are provided in Loan Selling Advisor.
    drafter_attestation: Verbatim from Freddie Guide §6102.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
