source:
  type: guide
  id: fhlmc-1501.2
  authority: Freddie Mac Single-Family Seller/Servicer Guide Section 1501.2 — Purchase
    Contract provisions
  description: Freddie Mac Single-Family Seller/Servicer Guide Section 1501.2 — Purchase
    Contract provisions.
  coverage_tier: operative
obligations:
- id: fhlmc-1501.2-full
  canonical_id: fhlmc-1501.2-full
  section: Freddie Mac Single-Family Seller/Servicer Guide Section 1501.2 — Purchase
    Contract provisions
  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 1501.2 — Purchase
      Contract provisions
    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: '1501.2: Purchase Contract provisions (12/17/25) This section
      contains requirements related to: ■ Credit toward a Commitment Amount ■ Purchase
      tolerances stated in certain Pricing Identifier Terms (a) Credit toward a Commitment
      Amount The UPB of each Mortgage purchased pursuant to a Purchase Contract taken
      out under the Guarantor or MultiLender Swap programs will be credited to the
      Commitment Amount, continuing until the earlier of one of the following: ■ Freddie
      Mac has purchased Mortgages with an aggregate UPB equal to the Commitment Amount,
      subject to the allowable purchase tolerance, or ■ The Pricing Identifier Expiration
      Date Unless the Pricing Identifier Term provides otherwise, Mortgages sold to
      Freddie Mac under a Cash Contract are eligible to fulfill the Seller’s Commitment
      Amount. At the Seller’s request, the UPB of any Mortgages specified in a cash
      Purchase Contract may be credited to the Seller’s outstanding Commitment Amounts.
      If the Seller has two or more Pricing Identifiers outstanding, the UPBs will
      be allocated to the Pricing Identifier specified in the Cash Contract under
      which the Mortgages are delivered to Freddie Mac. (b) Purchase tolerances stated
      in certain Pricing Identifier Terms Purchase tolerances for Commitment Amounts
      are stated in certain Pricing Identifier Terms. If the Seller delivers Mortgages
      with an aggregate UPB greater than the Commitment Amount plus the purchase tolerance,
      Freddie Mac reserves the right to charge an additional fee for any Mortgages
      it agrees to purchase in excess of the Commitment Amount. A cash Purchase Contract
      is subject to: ■ The purchase tolerances applicable to fixed-rate Cash Contracts
      and ARM Cash Contracts, and ■ Pairoff fees and pairoff procedures as set forth
      in Section 6401.1 The Seller may pair off a mandatory Commitment Amount in accordance
      with the procedures set forth in Section 6401.1. Any pairoff fees assessed for
      failure to fulfill a mandatory Commitment Amount shall be in addition to the
      pairoff fees assessed for failure to satisfy the mandatory delivery requirements
      for fixed-rate Cash Contracts or for ARMs delivered under cash Purchase Contracts.
      Freddie Mac Single-Family Seller/Servicer Guide Chapter 2101 As of 05/06/26
      Page 2101-1 Chapter 2101: Seller/Servicer Institutional Eligibility'
  judgment: false
