source:
  type: regulation
  id: fhlmc-4607.14
  authority: Freddie Mac Single-Family Seller/Servicer Guide §4607.14 — Recourse for CHOICERenovation® Mortgages
    (12/03/25)
  description: "Freddie Mac Guide §4607.14 (Recourse for CHOICERenovation® Mortgages). Gap-fill (verbatim, ID-diff).\
    \ \n"
obligations:
- id: fhlmc-4607.14-0
  canonical_id: fhlmc-4607.14-0
  section: Freddie Mac Guide 4607.14
  description: '4607.14 Recourse for CHOICERenovation® Mortgages: (12/03/25) CHOICERenovation® In Progress Mortgages
    must be sold with recourse within the meaning of Section 6201.2(b)(i), except that Freddie Mac may require the
    Seller to repurchase the'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §4607.14 — Recourse for CHOICERenovation® Mortgages
      (12/03/25)
    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: (12/03/25) CHOICERenovation® In Progress Mortgages must be sold with recourse within the meaning
      of Section 6201.2(b)(i), except that Freddie Mac may require the Seller to repurchase the
    drafter_attestation: Verbatim from Freddie Guide §4607.14 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-4607.14-1
  canonical_id: fhlmc-4607.14-1
  section: Freddie Mac Guide 4607.14
  description: '4607.14 Recourse for CHOICERenovation® Mortgages: 607-28 CHOICERenovation Mortgage if the Mortgage
    becomes 120 days delinquent while subject to recourse. The recourse will remain in full force and effect until:
    ■ All renovations are completed, ■ The Seller requests removal of recourse in writing indicating the applicable
    Freddie…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §4607.14 — Recourse for CHOICERenovation® Mortgages
      (12/03/25)
    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: '607-28 CHOICERenovation Mortgage if the Mortgage becomes 120 days delinquent while subject
      to recourse. The recourse will remain in full force and effect until: ■ All renovations are completed, ■ The
      Seller requests removal of recourse in writing indicating the applicable Freddie Mac loan number and provides
      the completion report, including photographs of the renovations, and ■ Freddie Mac approves the removal of
      recourse, subject to the requirements below In order to request removal of recourse the Seller must submit
      all required documentation mentioned above to Freddie Mac through Loan Status Hub®, and the following requirements
      must be met: ■ There is no Delinquency at the time of the request ■ There has not been a Delinquency of 30
      days more than once during the renovation period, except that recourse may be removed at a later date once
      the Borrower has made 36 consecutive monthly payments with no Delinquencies The Seller represents and warrants
      that, as of the date Freddie Mac approves the Seller’s request for removal of recourse, all requirements in
      this Chapter 4607 have been met.'
    drafter_attestation: Verbatim from Freddie Guide §4607.14 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-4607.14-2
  canonical_id: fhlmc-4607.14-2
  section: Freddie Mac Guide 4607.14
  description: '4607.14 Recourse for CHOICERenovation® Mortgages: Representations and warranties for CHOICERenovation®
    Mortgages (12/17/25) The selling representation and warranty framework described in Section 1301.6 applies to
    CHOICERenovation® Mortgages that meet the requirements of this Chapter 4607 provided that, starting on the date
    that …'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §4607.14 — Recourse for CHOICERenovation® Mortgages
      (12/03/25)
    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: 'Representations and warranties for CHOICERenovation® Mortgages (12/17/25) The selling representation
      and warranty framework described in Section 1301.6 applies to CHOICERenovation® Mortgages that meet the requirements
      of this Chapter 4607 provided that, starting on the date that the payments are paid by the Borrower and not
      from the completion escrow account or Custodial Account for Renovation Funds (as described in Sections 4607.11
      and 4607.12), as applicable, the Borrower: 1. Made the first 36 monthly payments due with no more than two
      30-day Delinquencies and no 60-day or greater Delinquencies, and 2. Is not 30 or more days delinquent with
      respect to the 36th monthly payment'
    drafter_attestation: Verbatim from Freddie Guide §4607.14 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-4607.14-3
  canonical_id: fhlmc-4607.14-3
  section: Freddie Mac Guide 4607.14
  description: '4607.14 Recourse for CHOICERenovation® Mortgages: CHOICERenovation® Mortgages combined with GreenCHOICE
    Mortgages® and credit for Credit Fees (11/06/24) This section contains requirements related to: ■ Delivery requirements
    for CHOICERenovation® Mortgages ■ Special requirements when CHOICERenovation Mortgages are combined with G…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §4607.14 — Recourse for CHOICERenovation® Mortgages
      (12/03/25)
    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: 'CHOICERenovation® Mortgages combined with GreenCHOICE Mortgages® and credit for Credit Fees
      (11/06/24) This section contains requirements related to: ■ Delivery requirements for CHOICERenovation® Mortgages
      ■ Special requirements when CHOICERenovation Mortgages are combined with GreenCHOICE Mortgages® (a) Delivery
      requirements for CHOICERenovation Mortgages See Section 6302.43 for special delivery requirements for CHOICERenovation
      Mortgages. (b) Special requirements when CHOICERenovation Mortgages are combined with GreenCHOICE Mortgages
      When CHOICERenovation Mortgage proceeds finance renovations completed after the Note Date to improve the energy
      and/or water efficiency, the health and safety and/or the resiliency and preventiveness of the Mortgaged Premises,
      the CHOICERenovation Mortgage may be eligible for the credit for Credit Fees for GreenCHOICE Mortgages (see
      Exhibit 19, Credit Fees, and Exhibit 19A, Credit Fee Cap Eligibility Criteria), provided the following requirements
      are met: ■ Except as stated below, the requirements in Section 4606.3(a) for GreenCHOICE Mortgages must be
      met for the subject Mortgage. This includes, but is not limited to: ❑ The cost of the financed renovations
      to improve the energy and/or water efficiency, the health and safety and/or the resiliency and preventiveness
      of the Mortgaged Premises must not exceed 15% of the “as completed” appraised value of the Mortgaged Premises.
      Note: In all cases, the maximum financed renovation costs must comply with the requirements in Section 4607.7,
      as applicable. ❑ Eligible improvements as described in Section 4606.1(b) with an aggregate cost of less than
      or equal to $6,500 may be completed without obtaining an energy report. If the aggregate cost should exceed
      $6,500, an energy report or alternative documentation in lieu of an energy report meeting the requirements
      in Section 4606.4 must be obtained and retained in the Mortgage file. ❑ The energy report exception stated
      in Section 4606.4(c), when proceeds are used to finance renewable energy sources, may apply so long as the
      appraiser documents the'
    drafter_attestation: Verbatim from Freddie Guide §4607.14 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-4607.14-4
  canonical_id: fhlmc-4607.14-4
  section: Freddie Mac Guide 4607.14
  description: '4607.14 Recourse for CHOICERenovation® Mortgages: 607-30 projected income by utilizing PV Value,
    Ei Value or a similar tool as referenced in Section 5601.4, and that the cost effectiveness has been demonstrated
    ■ All renovations, including renovations to improve the energy and/or water efficiency, the health and safety
    and/or th…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §4607.14 — Recourse for CHOICERenovation® Mortgages
      (12/03/25)
    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: 607-30 projected income by utilizing PV Value, Ei Value or a similar tool as referenced in
      Section 5601.4, and that the cost effectiveness has been demonstrated ■ All renovations, including renovations
      to improve the energy and/or water efficiency, the health and safety and/or the resiliency and preventiveness
      of the Mortgaged Premises, must be completed by the Completion Date ■ The renovation funds are deposited into
      a completion escrow account or Custodial Account for Renovation Funds (as described in Sections 4607.11 and
      4607.12), as applicable, and ■ If the CHOICERenovation Mortgage is current, any funds remaining in the completion
      escrow account or Custodial Account for Renovation Funds, as applicable, after the costs of all renovations
      have been paid to the appropriate parties either must be used to reduce the UPB or may be used for additional
      renovations, as described in Section 4607.11(c) For CHOICERenovation Mortgages that are eligible for the credit
      for Credit Fees for GreenCHOICE Mortgages pursuant to this Section 4607.16(b), in addition to meeting the
      special delivery requirements for CHOICERenovation Mortgages in Section 6302.43, the Seller must deliver the
      ULDD Data Point(s) for GreenCHOICE Mortgages specified in Section 6302.23.
    drafter_attestation: Verbatim from Freddie Guide §4607.14 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-4607.14-5
  canonical_id: fhlmc-4607.14-5
  section: Freddie Mac Guide 4607.14
  description: '4607.14 Recourse for CHOICERenovation® Mortgages: Transfers of Servicing for CHOICERenovation® Mortgages
    (09/10/25) This section contains requirements related to: ■ Requirements for CHOICERenovation® In Progress Mortgages
    related to a Concurrent Transfer of Servicing ■ Prohibited Transfers of Servicing (a) Requirements for CHOIC…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §4607.14 — Recourse for CHOICERenovation® Mortgages
      (12/03/25)
    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: 'Transfers of Servicing for CHOICERenovation® Mortgages (09/10/25) This section contains requirements
      related to: ■ Requirements for CHOICERenovation® In Progress Mortgages related to a Concurrent Transfer of
      Servicing ■ Prohibited Transfers of Servicing (a) Requirements for CHOICERenovation In Progress Mortgages
      related to a Concurrent Transfer of Servicing For Sellers that have obtained Freddie Mac’s prior written approval,
      Concurrent Transfers of Servicing involving CHOICERenovation In Progress Mortgages are permitted, provided
      the following requirements are met. (See this Section 4607.17(b) regarding Subsequent Transfers of Servicing
      involving such CHOICERenovation Mortgages and Transfers of Servicing involving CHOICEReno eXPress® Mortgages.)
      Consistent with Sections 7101.3(c) through 7101.3(f), the Seller, as Transferor Servicer, remains jointly
      liable with the Transferee Servicer for all selling representation and warranty obligations, including obligations
      in this Chapter 4607 related to the completion of the'
    drafter_attestation: Verbatim from Freddie Guide §4607.14 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-4607.14-6
  canonical_id: fhlmc-4607.14-6
  section: Freddie Mac Guide 4607.14
  description: '4607.14 Recourse for CHOICERenovation® Mortgages: 607-31 renovations, even if such obligations are
    performed after the Effective Date of Transfer. This includes, but is not limited to, ensuring completion of
    all renovations and delivering through Loan Status Hub® the required notice and documentation to support completion
    of the…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §4607.14 — Recourse for CHOICERenovation® Mortgages
      (12/03/25)
    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: '607-31 renovations, even if such obligations are performed after the Effective Date of Transfer.
      This includes, but is not limited to, ensuring completion of all renovations and delivering through Loan Status
      Hub® the required notice and documentation to support completion of the renovations in accordance with the
      Seller responsibilities in Section 4607.9(c) and fulfilling the recourse obligation in the event that Freddie
      Mac does not approve removal of recourse pursuant to Section 4607.14. In addition to the requirements governing
      Concurrent Transfers of Servicing in the Guide, the Transferor Servicer must inform the Transferee Servicer
      whether the Transfer of Servicing involves CHOICERenovation In Progress Mortgages and must provide a list
      of such Mortgages (identified, at a minimum, by Transferor Servicer loan number and Freddie Mac loan number)
      to the Transferee Servicer. A Transferee Servicer may engage an Outsourced Vendor or Servicing Agent, which
      may be the Seller, to perform some or all of the activities set forth in Section 4607.9(d). The Transferee
      Servicer must have in place appropriate processes and communication protocols with any Outsourced Vendor or
      Servicing Agent it engages to perform the obligations in this Chapter 4607 related to the completion of the
      renovations, including, but not limited to: ■ Requiring that any remaining funds in the Custodial Account
      for Renovation Funds (as described in Section 4607.12) to be remitted to the Servicer to be applied to reduce
      the UPB or returned to the Borrower, as applicable, in accordance with Section 4607.11(c). The Servicer may
      outsource the opening and ongoing maintenance of the Custodial Account for Renovation Funds only to its Servicing
      Agent, if applicable. An Outsourced Vendor may be an authorized party to the account’s signature card and
      act as an agent of the primary account holder (either the Servicer or Servicing Agent, as applicable). ■ Notifying
      the Outsourced Vendor of any defaults related to the CHOICERenovation Mortgage and ensuring appropriate actions
      are being taken, such as: ❑ Relaying adverse information related to the Mortgaged Premises ❑ If the CHOICERenovation
      Mortgage is delinquent, applying any unused funds in accordance with the application of payment requirements
      in the Note and Security Instrument (see Section 4607.11(c)) ■ Notifying Freddie Mac in accordance with Section
      1301.2(b) and the Outsourced Vendor if the Servicer or its Servicing Agent, if any, determines the Borrower
      was added to the Office of Foreign Assets Control Specially Designated Nationals list ■ Requiring any Mortgage
      proceeds allocated to make monthly payments of principal, interest, taxes and insurance pursuant to Section
      4607.6(a) to be remitted from the Custodial Account for Renovation Funds to the Servicer in a timely manner
      for posting to the Borrower’s Mortgage account'
    drafter_attestation: Verbatim from Freddie Guide §4607.14 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-4607.14-7
  canonical_id: fhlmc-4607.14-7
  section: Freddie Mac Guide 4607.14
  description: '4607.14 Recourse for CHOICERenovation® Mortgages: 607-32 ■ Providing to the Servicer for inclusion
    in the Mortgage file all documentation maintained by any Outsourced Vendor related to the completion of renovations
    as required by this Chapter 4607 ■ Enforcing the property insurance requirements in Section 4607.13 (b) Prohibited
    …'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §4607.14 — Recourse for CHOICERenovation® Mortgages
      (12/03/25)
    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: '607-32 ■ Providing to the Servicer for inclusion in the Mortgage file all documentation maintained
      by any Outsourced Vendor related to the completion of renovations as required by this Chapter 4607 ■ Enforcing
      the property insurance requirements in Section 4607.13 (b) Prohibited Transfers of Servicing The following
      Transfers of Servicing involving CHOICERenovation Mortgages are prohibited: ■ Subsequent Transfers of Servicing
      involving CHOICERenovation In Progress Mortgages are prohibited until all renovations have been completed,
      the Seller has obtained a completion report pursuant to the appraisal requirements in Section 4607.8, Freddie
      Mac has acknowledged completion of the renovations pursuant to Section 4607.9(c) and Freddie Mac has approved
      the removal of recourse pursuant to Section 4607.14. (See Chapter 7101 regarding Transfers of Servicing.)
      ■ Transfers of Servicing involving CHOICEReno eXPress Mortgages are prohibited until all renovations have
      been completed and the Seller has obtained a completion report pursuant to the appraisal requirements in Section
      4607.8 CHOICERenovation In Progress Mortgages and CHOICEReno eXPress Mortgages may not be sold through Cash-Released
      XChange®. Additionally, CHOICEReno eXPress Mortgages may not be involved in any other Concurrent Transfers
      of Servicing.'
    drafter_attestation: Verbatim from Freddie Guide §4607.14 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
