source:
  type: regulation
  id: fhlmc-6102.3
  authority: Freddie Mac Single-Family Seller/Servicer Guide §6102.3 — Purchase and settlement under ARM Cash (10/08/25)
  description: "Freddie Mac Guide §6102.3 (Purchase and settlement under ARM Cash). Gap-fill (verbatim, ID-diff).\
    \ \n"
obligations:
- id: fhlmc-6102.3-0
  canonical_id: fhlmc-6102.3-0
  section: Freddie Mac Guide 6102.3
  description: '6102.3 Purchase and settlement under ARM Cash: (10/08/25) This section contains requirements related
    to: ■ Funding Date ■ Funding amount ■ Interest paid to the Servicer in connection with Mortgage funding (a)
    Funding Date By the close of business on the Purchase Contract Expiration Date, the Seller must have completed
    all the…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6102.3 — Purchase and settlement under ARM Cash
      (10/08/25)
    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: '(10/08/25) This section contains requirements related to: ■ Funding Date ■ Funding amount
      ■ Interest paid to the Servicer in connection with Mortgage funding (a) Funding Date By the close of business
      on the Purchase Contract Expiration Date, the Seller must have completed all the requirements for the sale
      of the Mortgages to Freddie Mac. Sellers may request a specific Funding Date for each of the Mortgages sold
      under an ARM Cash Contract or elect to have funding occur as soon as practicable after the requirements for
      sale of the Mortgages to Freddie Mac have been met (“ASAP funding”). (b) Funding amount As each Mortgage funds,
      Freddie Mac will pay the Seller the amount calculated by multiplying the price (including all adjustments
      to price based on the ARM Loan Attributes) specified in the cash Purchase Contract by the UPB of the Mortgage.
      If a Mortgage is subject to Credit Fees or credits for Credit Fees, Freddie Mac will: ■ Net the fee or credit
      amounts against the amount paid to the Seller ■ Reflect any subsequent change to Credit Fees and credits for
      Credit Fees on the Seller’s monthly invoice'
    drafter_attestation: Verbatim from Freddie Guide §6102.3 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-6102.3-1
  canonical_id: fhlmc-6102.3-1
  section: Freddie Mac Guide 6102.3
  description: '6102.3 Purchase and settlement under ARM Cash: 102-7 (c) Interest paid to the Servicer in connection
    with Mortgage funding In connection with the Mortgage funding, Freddie Mac will determine the amount of interest
    to pay the Servicer on each ARM purchased under ARM Cash by computing the interest on the UPB of the ARM from
    the…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6102.3 — Purchase and settlement under ARM Cash
      (10/08/25)
    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: 102-7 (c) Interest paid to the Servicer in connection with Mortgage funding In connection with
      the Mortgage funding, Freddie Mac will determine the amount of interest to pay the Servicer on each ARM purchased
      under ARM Cash by computing the interest on the UPB of the ARM from the first day of the Funding Date month
      through the day before the Funding Date using the Accounting Net Yield (ANY). Thereafter, Freddie Mac will
      compensate the Servicer in an amount equal to the Servicing Spread for each ARM and authorizes the Servicer
      to retain the Servicing Spread out of the interest payments made by the Borrower, and the Servicer will remit
      the ANY to Freddie Mac.
    drafter_attestation: Verbatim from Freddie Guide §6102.3 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-6102.3-2
  canonical_id: fhlmc-6102.3-2
  section: Freddie Mac Guide 6102.3
  description: '6102.3 Purchase and settlement under ARM Cash: Servicing options and remittance cycle for ARM Cash
    Contracts (10/01/25) This section contains requirements related to: ■ Servicing options for ARM Cash ■ Remittance
    cycle and Servicing Spreads for ARM Cash Contracts (a) Servicing options for ARM Cash Subject to approval and
    cond…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6102.3 — Purchase and settlement under ARM Cash
      (10/08/25)
    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: 'Servicing options and remittance cycle for ARM Cash Contracts (10/01/25) This section contains
      requirements related to: ■ Servicing options for ARM Cash ■ Remittance cycle and Servicing Spreads for ARM
      Cash Contracts (a) Servicing options for ARM Cash Subject to approval and conditions set by Freddie Mac, Sellers
      may sell ARMs under ARM Cash using the following Servicing options: ■ Servicing retained: The Seller sells
      the Mortgage to Freddie Mac and agrees to service the Mortgages in accordance with the Guide and applicable
      Purchase Documents ■ Concurrent Transfer of Servicing: The Seller sells the Mortgage to Freddie Mac and agrees
      to service the Mortgages in accordance with the Guide and applicable Purchase Documents and concurrently engages
      in a Transfer of Servicing initiated by a Seller to a Transferee Servicer with the purchase of the Mortgage
      and the Transfer of Servicing occurring on the Settlement Date. The Servicer selected by the Seller must be
      a Freddie Mac-approved Servicer eligible to service the particular Mortgage, and Freddie Mac must approve
      the Transfer of Servicing in accordance with Chapter 7101. See Section 6302.51 for additional information
      regarding delivery requirements for Mortgages sold servicing-released under Mandatory Cash Contracts or Best
      Efforts Contracts. (b) Remittance cycle and Servicing Spreads for ARM Cash Contracts'
    drafter_attestation: Verbatim from Freddie Guide §6102.3 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-6102.3-3
  canonical_id: fhlmc-6102.3-3
  section: Freddie Mac Guide 6102.3
  description: '6102.3 Purchase and settlement under ARM Cash: 102-8 (i) Remittance cycle The Standard Remittance
    Cycle applies to Mortgages sold under ARM Cash Contracts. (ii) Minimum Contract Servicing Spreads The Servicing
    Spread applicable to any individual Mortgage delivered pursuant to a specific Purchase Contract may be greater
    than o…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6102.3 — Purchase and settlement under ARM Cash
      (10/08/25)
    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: 102-8 (i) Remittance cycle The Standard Remittance Cycle applies to Mortgages sold under ARM
      Cash Contracts. (ii) Minimum Contract Servicing Spreads The Servicing Spread applicable to any individual
      Mortgage delivered pursuant to a specific Purchase Contract may be greater than or equal to, but not less
      than, the Minimum Contract Servicing Spread selected by the Seller for that specific Purchase Contract. The
      Minimum Contract Servicing Spread is referred to in Loan Selling Advisor® as servicing fee rate. The Minimum
      Contract Servicing Spread is selected by the Seller when taking out a Purchase Contract and is applicable
      to all the Mortgages delivered pursuant to that specific Purchase Contract. The Minimum Contract Servicing
      Spread must be equal to or greater than the Minimum Servicing Spread. When entering into an ARM Cash Contract,
      the Seller must select a Minimum Contract Servicing Spread for the contract that is no less than 0.250% and
      no greater than 0.375%. Freddie Mac will use the Minimum Contract Servicing Spread selected by the Seller
      to establish the acceptable Servicing Spread for ARMs allocated to the contract (Loan Level Tolerance).
    drafter_attestation: Verbatim from Freddie Guide §6102.3 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-6102.3-4
  canonical_id: fhlmc-6102.3-4
  section: Freddie Mac Guide 6102.3
  description: '6102.3 Purchase and settlement under ARM Cash: Guarantor and MultiLender Swap programs eligibility
    (12/17/25) This section contains requirements related to: ■ Definitions and context for terms used in the chapter
    ■ Provisions for selling eligible Mortgages to Freddie Mac ■ Securities issued under the fixed-rate Guarantor
    and …'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6102.3 — Purchase and settlement under ARM Cash
      (10/08/25)
    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: 'Guarantor and MultiLender Swap programs eligibility (12/17/25) This section contains requirements
      related to: ■ Definitions and context for terms used in the chapter ■ Provisions for selling eligible Mortgages
      to Freddie Mac ■ Securities issued under the fixed-rate Guarantor and MultiLender Swap programs ■ Securities
      issued under the WAC ARM Guarantor program ■ Sellers eligible to submit offers under the Guarantor and MultiLender
      Swap programs ■ MultiLender Swap posting information ■ Freddie Mac’s obligation to sell UMBS®, MBS or ARM
      PCs in exchange for Mortgages (a) Definitions and context for terms used in the chapter Unless the context
      requires otherwise: ■ The term “Mortgages” used in this chapter refers to fixed-rate Mortgages and ARMs ■
      The phrase “Guarantor program” refers to the fixed-rate Guarantor program and the WAC ARM Guarantor program
      ■ The requirements of this chapter apply to the Guarantor program and the MultiLender Swap program (b) Provisions
      for Selling eligible Mortgages to Freddie Mac The provisions of this chapter set forth the terms for selling
      eligible Mortgages to Freddie Mac in exchange for UMBS, MBS or WAC ARM PCs. Mortgages may be sold in exchange
      for securities through one of the following purchase programs: ■ Guarantor program'
    drafter_attestation: Verbatim from Freddie Guide §6102.3 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-6102.3-5
  canonical_id: fhlmc-6102.3-5
  section: Freddie Mac Guide 6102.3
  description: '6102.3 Purchase and settlement under ARM Cash: 201-2 (i) Fixed-rate Guarantor program Conventional
    fixed-rate Mortgages may be sold to Freddie Mac in exchange for a UMBS or MBS representing an undivided interest
    in the same Mortgages. FHA and VA Mortgages may be sold to Freddie Mac in exchange for an MBS representing an
    undiv…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6102.3 — Purchase and settlement under ARM Cash
      (10/08/25)
    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: '201-2 (i) Fixed-rate Guarantor program Conventional fixed-rate Mortgages may be sold to Freddie
      Mac in exchange for a UMBS or MBS representing an undivided interest in the same Mortgages. FHA and VA Mortgages
      may be sold to Freddie Mac in exchange for an MBS representing an undivided interest in the same Mortgages.
      (ii) WAC ARM Guarantor program Conventional ARMs may be sold to Freddie Mac in exchange for a WAC ARM PC representing
      an undivided interest in the same Mortgages. ■ MultiLender Swap program (i) Eligible conventional fixed-rate
      Mortgages Conventional 10-, 15-, 20- and 30-year fixed-rate Mortgages may be sold to Freddie Mac in exchange
      for an MBS or UMBS representing an undivided interest in the same Mortgages. (ii) Government Mortgages Fixed-rate
      Government Mortgages (FHA/VA, Section 184 Native American, Section 502 GRH) may be sold to Freddie Mac in
      exchange for an MBS representing an undivided interest in the same Mortgages. Delivery under the Freddie Mac
      Guarantor and MultiLender Swap programs is not mandatory, but delivery under Pricing Identifier Terms may
      be mandatory. See Section 1501.2(b) for further information regarding mandatory delivery requirements. For
      additional information on the Guarantor and MultiLender Swap programs, refer to the following chapters in
      the Guide: Additional references for Guarantor and MultiLender Swap programs Topic Location Fixed-rate Guarantor
      Chapters 6202 and 6203 WAC ARM Guarantor Chapters 6202 and 6204 MultiLender Swap Chapters 6202 and 6205 Sections
      6201.1(c) and 6201.1(d) summarize the types of securities issued under the Guarantor program or MultiLender
      Swap program. For detailed information, see Exhibit 17S, Available Mortgage Products.'
    drafter_attestation: Verbatim from Freddie Guide §6102.3 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-6102.3-6
  canonical_id: fhlmc-6102.3-6
  section: Freddie Mac Guide 6102.3
  description: '6102.3 Purchase and settlement under ARM Cash: 201-3 For current Prefix information, contact Investor
    Inquiry at (800) 336-3672. (c) Securities issued under the fixed-rate Guarantor and MultiLender Swap programs
    The fixed-rate Guarantor program issues securities for pools of the following types of fixed- rate Mortgages:
    Guara…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6102.3 — Purchase and settlement under ARM Cash
      (10/08/25)
    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: '201-3 For current Prefix information, contact Investor Inquiry at (800) 336-3672. (c) Securities
      issued under the fixed-rate Guarantor and MultiLender Swap programs The fixed-rate Guarantor program issues
      securities for pools of the following types of fixed- rate Mortgages: Guarantor and MultiLender Swap programs
      Mortgage type Terms available Pooling rules Conventional fixed-rate Mortgages ■ 10-year ■ 15-year ■ 20-year
      ■ 30-year ■ 10- and 15-year terms may be pooled together in a 15-year security ■ 20- and 30-year terms may
      be pooled together in a 30-year security FHA and VA Mortgages ■ 15-year ■ 20-year ■ 30-year 20- and 30-year
      terms may be pooled together in a 30-year security. (d) Securities issued under the WAC ARM Guarantor program
      The WAC ARM Guarantor program issues WAC ARM PCs for eligible ARM products. Separate WAC ARM PCs will be issued
      based on the characteristics of the ARM. The following characteristics are used to form WAC ARM PCs: ■ Index
      ■ Lookback Period ■ Initial and Periodic Caps ■ Length of Initial Period ■ Length of subsequent adjustment
      periods, and ■ Whether the ARMs are subject to prepayment penalties or not See Chapter 4401 and Exhibit 17S
      for detailed information on the combination of ARM characteristics that are acceptable for WAC ARM PCs.'
    drafter_attestation: Verbatim from Freddie Guide §6102.3 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-6102.3-7
  canonical_id: fhlmc-6102.3-7
  section: Freddie Mac Guide 6102.3
  description: '6102.3 Purchase and settlement under ARM Cash: 201-4 (e) Sellers eligible to submit offers under
    the Guarantor and MultiLender Swap programs All Sellers are eligible to submit offers under the Guarantor and
    MultiLender Swap programs, provided that the Seller first enters into Pricing Identifier Terms with Freddie
    Mac. A Selle…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6102.3 — Purchase and settlement under ARM Cash
      (10/08/25)
    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: '201-4 (e) Sellers eligible to submit offers under the Guarantor and MultiLender Swap programs
      All Sellers are eligible to submit offers under the Guarantor and MultiLender Swap programs, provided that
      the Seller first enters into Pricing Identifier Terms with Freddie Mac. A Seller should contact its Freddie
      Mac Account Manager to discuss how to enter into such terms. (f) Multilender Swap posting information On the
      first Business Day of each month, Freddie Mac will announce at https://capitalmarkets.freddiemac.com/mbs/data/FRE_Multilender_Table.txt
      and through various market information vendors the following information with respect to Mortgages Freddie
      Mac will purchase under the MultiLender Swap program: ■ Mortgage term and final Settlement Dates ■ WA Net
      Interest Rate (Coupon) ■ Permissible Note Rate range ■ Prefix ■ Security Identifier (Pool Number) ■ CUSIP
      Number (g) Freddie Mac’s obligation to sell UMBS, MBS or ARM PCs in exchange for Mortgages The obligation
      of Freddie Mac to sell UMBS, MBS or ARM PCs in exchange for Mortgages is subject to the Mortgages’ eligibility
      for purchase, the Seller’s compliance with any Maximum Annual Mortgage Purchase Amount established for the
      Seller and all other requirements of the Purchase Documents.'
    drafter_attestation: Verbatim from Freddie Guide §6102.3 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
