source:
  type: guide
  id: fhlmc-4201.8
  authority: Freddie Mac Single-Family Seller/Servicer Guide Section 4201.8 — Wholesale
    Home Mortgages
  description: Freddie Mac Single-Family Seller/Servicer Guide Section 4201.8 — Wholesale
    Home Mortgages.
  coverage_tier: operative
obligations:
- id: fhlmc-4201.8-full
  canonical_id: fhlmc-4201.8-full
  section: Freddie Mac Single-Family Seller/Servicer Guide Section 4201.8 — Wholesale
    Home Mortgages
  type: do
  tags:
  - regulator-direct
  - fhlmc
  - freddie-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide Section 4201.8 — Wholesale
      Home Mortgages
    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: '4201.8: Wholesale Home Mortgages (04/02/25) Wholesale Home Mortgages
      are eligible for sale to Freddie Mac in accordance with the requirements of
      this section. This section contains requirements related to: ■ Representations
      and warranties ■ Delivery instructions For Wholesale Home Mortgages, the Correspondent
      or Mortgage Broker (or their authorized third parties) may perform all or some
      of the origination, processing, underwriting, packaging, funding and/or closing
      functions described in the Purchase Documents as obligations or requirements
      of the Seller. Although these functions may not be performed directly by the
      Seller, the Seller is responsible for compliance with requirements of all Purchase
      Documents. Freddie Mac Single-Family Seller/Servicer Guide Chapter 4201 As of
      03/04/26 Page 4201-6 (a) Representations and warranties The Seller must represent
      and warrant with respect to each Wholesale Home Mortgage it sells to Freddie
      Mac that the Seller has management controls in place that: ■ Ensure the Mortgage
      complies with the terms of the Purchase Documents ■ Correspond to the scope
      and types of risks associated with its wholesale business. Factors to be considered
      include, but are not limited to, the: ❑ Number of Correspondents and Mortgage
      Brokers the Seller uses ❑ Length of time the business relationship has been
      established ❑ Types of services provided by the Correspondent or Mortgage Broker
      (b) Delivery instructions The Seller is required to deliver one of the following
      ULDD Data Points, as applicable, for each Wholesale Home Mortgage: ■ Loan Originator
      Type of “Correspondent,” or ■ Loan Originator Type of “Broker” 4201.9: General
      property insurance requirements (04/02/25) The requirements of Chapters 4703
      and 8202 for property and casualty insurance must be met at the time a Mortgage
      is sold to Freddie Mac and continually thereafter for as long as Freddie Mac
      owns an interest in the Mortgage. 4201.10: No circumstances adversely affecting
      value of Mortgage (04/02/25) No proceeding may be pending for condemnation of
      all or any part of the Mortgaged Premises. There may be no circumstances or
      conditions of which the Seller is aware involving the Mortgage, the Mortgaged
      Premises or the creditworthiness of the Borrower that would adversely affect
      the value or marketability of the Mortgage. Freddie Mac Single-Family Seller/Servicer
      Guide Chapter 4201 As of 03/04/26 Page 4201-7 4201.11: Mortgages secured by
      Primary Residences (10/01/25) This section contains information related to:
      ■ Occupancy requirements ■ Rental income from a Primary Residence ■ Other Guide
      provisions ■ Delivery requirements for rental income from all subject 2- to
      4-unit Primary Residences (a) Occupancy requirements A Mortgage is considered
      to be secured by a Primary Residence when at least one of the Borrowers occupies
      all or part of the Mortgaged Premises as a Primary Residence as of the Delivery
      Date. For Manually Underwritten Mortgages with a loan-to-value ratio greater
      than 90%, each Borrower whose income or financial strength was used for qualification
      purposes must occupy all or part of the Mortgaged Premises as a Primary Residence
      as of the Delivery Date. Exceptions: ■ A Mortgage is considered to be secured
      by a Primary Residence when made to an active- duty military Borrower who is
      unable to occupy the Primary Residence prior to the Delivery Date due to military
      service when the following requirements are met: ❑ The Mortgage file must contain
      the Borrower’s military orders verifying the Borrower is temporarily unable
      to occupy the Primary Residence due to the military assignment ❑ The Seller
      must deliver ULDD Data Point Investor Feature Identifier valid value “D76”.
      See Section 6302.8(a) for more information. ■ A Mortgage is considered to be
      secured by a Primary Residence when the Mortgaged Premises is occupied as a
      Primary Residence by an individual(s) who is the Borrower’s parent(s) ■ A Mortgage
      is considered to be secured by a Primary Residence when the Mortgaged Premises
      is occupied as a Primary Residence by an individual(s) who has a disability
      and the Borrower is their parent or legal guardian Freddie Mac Single-Family
      Seller/Servicer Guide Chapter 4201 As of 03/04/26 Page 4201-8 (b) Rental income
      from a Primary Residence Rental income generated from a Mortgage secured by
      a Primary Residence is not permitted to qualify the Borrower, except as stated
      in Section 4501.6 for Home Possible® Mortgages and Section 5306.1 for rental
      income from a live-in aide or rental income generated from an ADU. (c) Other
      Guide provisions Refer to the following Guide provisions for additional information
      related to Mortgages secured by Primary Residences: Other Guide provisions related
      to Mortgages secured by Primary Residences Guide provision Guide location Mortgages
      with a non-occupying Borrower Section 5103.1 Special occupancy requirement for
      Mortgages made pursuant to employee relocation programs Section 4408.1(c) Special
      occupancy requirement for CHOICERenovation® In Progress Mortgages Section 4607.3(b)
      (d) Delivery requirements for rental income from all subject 2- to 4-unit Primary
      Residences Regardless of whether rental income from the subject 2- to 4-unit
      Primary Residence is being used to qualify the Borrower, the Seller must deliver
      the ULDD Data Point Property Dwelling Unit Eligible Rent Amount for each non-owner
      occupied unit in a subject 2- to 4- unit Primary Residence. Note: See Section
      6302.8 for delivery requirements for rental income.'
  judgment: false
