source:
  type: guide
  id: fhlmc-4302.2
  authority: Freddie Mac Single-Family Seller/Servicer Guide Section 4302.2 — Acceptable
    refinance practices
  description: Freddie Mac Single-Family Seller/Servicer Guide Section 4302.2 — Acceptable
    refinance practices.
  coverage_tier: operative
obligations:
- id: fhlmc-4302.2-full
  canonical_id: fhlmc-4302.2-full
  section: Freddie Mac Single-Family Seller/Servicer Guide Section 4302.2 — Acceptable
    refinance practices
  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 4302.2 — Acceptable
      refinance practices
    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: '4302.2: Acceptable refinance practices (12/04/24) This section
      contains requirements related to: ■ Advertising and solicitation ■ Advertising
      and other communications with Borrowers (a) Advertising and solicitation The
      Seller may target Mortgages owned or securitized by Freddie Mac for the Refi
      Possible® offering, provided that the Borrower’s income is less than or equal
      to 100% of the Area Median Income and the Seller simultaneously applies the
      same advertising and solicitation activities with respect to Borrowers with
      Mortgages owned or securitized by Fannie Mae. (b) Advertising and other communications
      with Borrowers If a Seller chooses to reach out to Borrowers and the Seller’s
      communication includes a reference to Freddie Mac, then the communication must
      also include the following (or substantively similar) verbiage: ■ Freddie Mac
      and Fannie Mae have adopted a new refinance option for Mortgages to Borrowers
      with incomes at or below 100% of the Area Median Income. If your Mortgage is
      owned or guaranteed by either Freddie Mac or Fannie Mae, you may be eligible
      to refinance your Mortgage under one of these refinance options. ■ You can determine
      whether your Mortgage is owned by Freddie Mac by checking Freddie Mac’s website
      at https://loanlookup.freddiemac.com/ Freddie Mac Single-Family Seller/Servicer
      Guide Chapter 4302 As of 04/12/26 Page 4302-2 4302.3: Eligibility requirements
      for the Mortgage being refinanced (12/04/24) Eligibility requirements for the
      Mortgage being refinanced under the Refi Possible® offering Topic Eligibility
      requirements for Mortgage being refinanced General eligibility requirements
      The Mortgage being refinanced must: ■ Be a First Lien, conventional Mortgage
      currently owned by Freddie Mac, in whole or in part, or securitized by Freddie
      Mac ■ Be seasoned for at least 12 months (i.e., the Note Date of the Mortgage
      being refinanced must be at least 12 months prior to the Note Date of the Refi
      Possible Mortgage) Ineligible Mortgages The Mortgage being refinanced must not
      be: ■ A Freddie Mac Relief Refinance MortgageSM ■ A Freddie Mac Enhanced Relief
      Refinance® Mortgage ■ A Refi Possible Mortgage ■ A Mortgage subject to an outstanding
      repurchase request ■ A Mortgage subject to recourse, indemnification, or another
      credit enhancement other than mortgage insurance unless requirements in Section
      4302.6 are met Payment history The Mortgage being refinanced must have a payment
      history that indicates all of the following: ■ The Mortgage has not been 30
      days delinquent in the most recent six months ■ The Mortgage has not been 30
      days delinquent more than once in the most recent 12 months ■ The Mortgage has
      not been 60 or more days delinquent in the most recent 12 months The credit
      report can be relied on for determination of payment history through the date
      the Mortgage tradeline was last reported. The Seller is responsible for the
      payment history between the date the Mortgage tradeline was last reported and
      the Note Date. If the Borrower has missed payments due to COVID-19 forbearance
      and those payments have been resolved according to the temporary eligibility
      requirements in Bulletin 2020-17, those missed payments are not considered delinquencies
      for the purpose of meeting the payment history requirements. Freddie Mac Single-Family
      Seller/Servicer Guide Chapter 4302 As of 04/12/26 Page 4302-3 Eligibility requirements
      for the Mortgage being refinanced under the Refi Possible® offering Topic Eligibility
      requirements for Mortgage being refinanced Loan Product Advisor® assessment
      Loan Product Advisor will assess whether the Mortgage being refinanced complies
      with the above eligibility requirements with the following exceptions: ■ The
      Seller is responsible for ensuring the Mortgage is seasoned at least 12 months
      as of the Note Date of the Refi Possible Mortgage, and ■ The Seller must consider
      the payment history after the date the Mortgage tradeline is last reported on
      the credit report and through the Note Date when determining whether the payment
      history requirements have been met'
  judgment: false
