source:
  type: regulation
  id: fhlmc-8203
  authority: "Freddie Mac Single-Family Seller/Servicer Guide Chapter 8203 — Mortgage Insurance"
  description: 'Chapter 8203 of the Freddie Mac Single-Family Seller/Servicer Guide

    governs Borrower-paid and Lender-paid mortgage insurance: warranties

    and covenants, Borrower-requested cancellation (HPA Mortgage),

    automatic termination and final termination under the HPA, and

    related annual notices. NOTE: actual title is "Mortgage Insurance".

    '
obligations:
- id: fhlmc-8203-maintain-mortgage-insurance
  canonical_id: fhlmc-8203-maintain-mortgage-insurance
  section: "Freddie Mac Guide Section 8203.1(b) — General warranties and covenants"
  description: '[LENDER], as Seller/Servicer, warrants that mortgage insurance has

    been obtained as required in Section 4701.1 and agrees and covenants

    that such mortgage insurance will be maintained unless canceled in

    accordance with the requirements of Section 4701.1, Sections 8203.2

    through 8203.4(c), or pursuant to applicable law.

    '
  type: maintain
  audit_question: Can [LENDER] evidence that, for every Freddie Mac-owned Mortgage requiring mortgage insurance, MI coverage is maintained until canceled in accordance with Sections 4701.1, 8203.2-8203.4(c), or applicable law?
  workflow_phase: servicing
  owner_role: escrow_analyst
  secondary_owner_role: compliance_officer
  cadence: continuous
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - fhlmc
  - freddie-mac
  - servicing-guide
  - mortgage-insurance
  - hpa
  - promoted
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide Section 8203.1(b)
    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: The Seller/Servicer warrants that mortgage insurance has been obtained as required in
    drafter_attestation: Copied verbatim from Freddie Mac Guide snapshot 5869ee9e606cd4ae (Chapter 8203) at 2026-05-22.
  promoted_at: '2026-05-23T00:52:31+00:00'
  promoted_from: fhlmc-8203-roundb-v1.yaml
  program_review: Does the program ensure MI obtained per §4701.1 is maintained until canceled per §4701.1, §§8203.2-8203.4(c), or applicable law?
  file_review: For MI loans, confirm coverage is maintained and any cancellation followed the permitted bases.
  judgment: false
- id: fhlmc-8203-hpa-disclosures-to-borrower
  canonical_id: fhlmc-8203-hpa-disclosures-to-borrower
  section: "Freddie Mac Guide Section 8203.1(b) — HPA disclosures"
  description: '[LENDER], as Seller/Servicer, warrants that the Borrower has been

    given, and agrees and covenants to provide, all disclosures required

    by applicable law, including, but not limited to, the HPA, relating

    to the terms on which the Borrower-paid mortgage insurance may be

    canceled.

    '
  type: do
  audit_question: Can [LENDER] evidence that, for every HPA Mortgage and Pre-HPA Mortgage, all applicable HPA disclosures (initial HPA notice, HPA Mortgage Annual Notice, Pre-HPA Mortgage Annual Notice) have been provided to the Borrower?
  workflow_phase: servicing
  owner_role: escrow_analyst
  secondary_owner_role: compliance_officer
  cadence: annual
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - fhlmc
  - freddie-mac
  - servicing-guide
  - mortgage-insurance
  - hpa
  - annual-notice
  - disclosure
  - promoted
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide Section 8203.1(b)
    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: The Seller/Servicer also warrants that the Borrower has been given, and agrees and covenants
    drafter_attestation: Copied verbatim from Freddie Mac Guide snapshot 5869ee9e606cd4ae (Chapter 8203) at 2026-05-22.
  promoted_at: '2026-05-23T00:52:31+00:00'
  promoted_from: fhlmc-8203-roundb-v1.yaml
  program_review: Does the program ensure all applicable HPA disclosures (initial HPA notice, HPA Mortgage Annual Notice, Pre-HPA Mortgage Annual Notice) are provided for HPA and Pre-HPA Mortgages?
  file_review: Sample HPA/Pre-HPA loans; confirm the applicable HPA disclosures were provided.
  judgment: false
- id: fhlmc-8203-no-second-mortgage-certification-required
  canonical_id: fhlmc-8203-no-second-mortgage-certification-required
  section: "Freddie Mac Guide Section 8203.1(e) — Borrower-requested cancellation conditions"
  description: 'When a Borrower requests cancelation of Borrower-paid mortgage

    insurance pursuant to Sections 8203.2 and 8203.3, [LENDER], as

    Seller/Servicer, must not request or require that a Borrower make a

    written certification or any other representation concerning the

    existence or nonexistence of a Second Mortgage or other subordinate

    lien on the Mortgaged Premises, except as may otherwise be provided

    in a Purchase Document.

    '
  type: dont
  audit_question: Can [LENDER] evidence that no Borrower requesting MI cancellation under Sections 8203.2 or 8203.3 was asked for a written certification or representation about the existence or nonexistence of a Second Mortgage or other subordinate lien, except as expressly permitted by a Purchase Document?
  workflow_phase: servicing
  owner_role: escrow_analyst
  secondary_owner_role: compliance_officer
  cadence: per-mi-cancellation-request
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - fhlmc
  - freddie-mac
  - servicing-guide
  - mortgage-insurance
  - mi-cancellation
  - hpa
  - promoted
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide Section 8203.1(e)
    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: the Seller/Servicer must not request or require that a Borrower make a written certification or
    drafter_attestation: Copied verbatim from Freddie Mac Guide snapshot 5869ee9e606cd4ae (Chapter 8203) at 2026-05-22.
  promoted_at: '2026-05-23T00:52:31+00:00'
  promoted_from: fhlmc-8203-roundb-v1.yaml
  program_review: Does the program ensure no Borrower requesting MI cancellation under §§8203.2/8203.3 is asked for a written certification or representation about the existence/nonexistence of a Second Mortgage or subordinate lien, except as a Purchase Document permits?
  file_review: For Borrower-requested MI cancellations, confirm no prohibited second-lien certification/representation was required.
  judgment: false
_promotion_history:
- promoted_at: '2026-05-23T00:52:31+00:00'
  candidate_path: obligations\_remediation\_round_b_drafts\fhlmc-8203-roundb-v1.yaml
  candidates_promoted: 3
  candidates_skipped_existing: 0
