source:
  type: guide
  id: fhlmc-4302.6
  authority: Freddie Mac Single-Family Seller/Servicer Guide Section 4302.6 — Credit
    enhancements
  description: Freddie Mac Single-Family Seller/Servicer Guide Section 4302.6 — Credit
    enhancements.
  coverage_tier: operative
obligations:
- id: fhlmc-4302.6-full
  canonical_id: fhlmc-4302.6-full
  section: Freddie Mac Single-Family Seller/Servicer Guide Section 4302.6 — Credit
    enhancements
  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 4302.6 — Credit
      enhancements
    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: '4302.6: Credit enhancements (12/04/24) This section contains
      requirements related to: ■ Mortgages with recourse and indemnification ■ Mortgages
      with pool insurance or another negotiated credit enhancement (a) Mortgages with
      recourse and indemnification A Refi Possible® Mortgage that is a refinance of
      a Mortgage with recourse or indemnification is eligible to be delivered to Freddie
      Mac if: ■ The Seller of the Refi Possible Mortgage is also the Servicer on the
      Mortgage being refinanced; ■ The Mortgage is delivered with recourse or indemnification;
      and ■ The Mortgage meets the requirements in the table below: Freddie Mac Single-Family
      Seller/Servicer Guide Chapter 4302 As of 04/12/26 Page 4302-10 Requirements
      when the Mortgage being refinanced has recourse or indemnification If... Then...
      ■ The Mortgage being refinanced was sold to Freddie Mac with recourse or indemnification
      for the life of the Mortgage, or ■ The Mortgage was credit enhanced with recourse
      or indemnification for the life of the Mortgage after it was sold to Freddie
      Mac The Refi Possible Mortgage must be sold to Freddie Mac with recourse or
      indemnification, as applicable, for the life of the Mortgage. ■ The Mortgage
      being refinanced was sold to Freddie Mac with recourse or indemnification for
      a term that is less than the life of the Mortgage, or ■ The Mortgage was credit
      enhanced with recourse or indemnification for a term that is less than the life
      of the Mortgage after it was sold to Freddie Mac The Refi Possible Mortgage
      must be sold to Freddie Mac with recourse or indemnification, as applicable,
      with the same remaining term as the credit enhancement on the Mortgage being
      refinanced. (b) Mortgages with pool insurance or another negotiated credit enhancement
      If the Mortgage being refinanced has Mortgage pool insurance or another negotiated
      credit enhancement, it is eligible for refinancing provided the loan-to-value
      (LTV) ratio of the Refi Possible Mortgage is less than or equal to 80%. Refi
      Possible Mortgages with LTV ratios greater than 80% that are refinances of Mortgages
      with pool insurance or another negotiated credit enhancement are eligible to
      be delivered to Freddie Mac only if they are delivered with the same credit
      enhancement and the Seller of the Refi Possible Mortgage is the Servicer of
      the Mortgage being refinanced.'
  judgment: false
