source:
  type: guide
  id: fhlmc-4703.6
  authority: Freddie Mac Single-Family Seller/Servicer Guide Section 4703.6 — Mortgage
    clause
  description: Freddie Mac Single-Family Seller/Servicer Guide Section 4703.6 — Mortgage
    clause.
  coverage_tier: operative
obligations:
- id: fhlmc-4703.6-full
  canonical_id: fhlmc-4703.6-full
  section: Freddie Mac Single-Family Seller/Servicer Guide Section 4703.6 — Mortgage
    clause
  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 4703.6 — Mortgage
      clause
    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: '4703.6: Mortgage clause (07/09/25) Effective June 10, 2020,
      the content of this section has moved from Section 8202.1(b). All policies documenting
      insurance coverage(s) obtained in accordance with Freddie Mac’s requirements
      for 1- to 4-unit properties must have the insurance industry’s standard mortgage
      clause. Such clause must provide that the insurer will notify the named mortgagee
      at least 10 days before cancelation of the policy. If the Mortgage is owned
      by Freddie Mac, “(name of Seller/Servicer), its successors and assigns” should
      be named as mortgagee instead of Federal Home Loan Mortgage Corporation. In
      deed-of- trust jurisdictions, the mortgagee should be designated as “(name of
      Seller/Servicer), its successors and assigns, beneficiary.” If the Federal Home
      Loan Mortgage Corporation must be named as mortgagee, the endorsement must show
      the Seller’s address in lieu of Freddie Mac’s, as shown in the example below:
      FEDERAL HOME LOAN MORTGAGE CORPORATION C/O ABC SAVINGS AND LOAN ASSOCIATION
      100 MAIN STREET Freddie Mac Single-Family Seller/Servicer Guide Chapter 4703
      As of 05/06/26 Page 4703-35 HOMETOWN USA 12345 If the Mortgage is registered
      with MERS® and is originated naming MERS as the original mortgagee of record,
      under no circumstances may MERS be named as loss payee on any property insurance
      policy. Regardless of how the mortgage clause is endorsed, or if the Mortgage
      is registered with MERS, the Seller/Servicer must arrange for all insurance
      drafts, notices, policies, invoices, etc. to be delivered directly to the Seller/Servicer.
      Although the MERS address appears in county land records, the address for MERS
      must not be given to organizations that normally direct mail to the Seller/Servicer
      or subservicer. When a mortgage clause is not applicable (e.g., in a separate
      policy of commercial general liability), a certificate of insurance must be
      provided to the Seller/Servicer. This certificate must contain the information
      required for certificates or other evidence of insurance in Section 8202.4,
      with the Seller/Servicer named as certificate holder instead of mortgagee.'
  judgment: false
