source:
  type: guide
  id: fhlmc-6303.1
  authority: Freddie Mac Single-Family Seller/Servicer Guide Section 6303.1 — Assessment
    of fees
  description: Freddie Mac Single-Family Seller/Servicer Guide Section 6303.1 — Assessment
    of fees.
  coverage_tier: operative
obligations:
- id: fhlmc-6303.1-full
  canonical_id: fhlmc-6303.1-full
  section: Freddie Mac Single-Family Seller/Servicer Guide Section 6303.1 — Assessment
    of fees
  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 6303.1 — Assessment
      of fees
    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: '6303.1: Assessment of fees (05/06/26) This section contains
      requirements related to: ■ Assessment of fees ■ Fee for Purchase Contracts that
      exceed the Maximum Annual Mortgage Purchase Amount ■ Refunds, repayments, credits
      and adjustments ■ Recapture of premiums and reimbursement of buyup proceeds
      (a) Assessment of fees In connection with the delivery of certain Mortgages,
      the following arrangements are established regarding fees: ■ The Seller may
      be required to pay Freddie Mac Credit Fees and/or other types of fees (including
      buydown fees, as defined in Section 6201.2(c)(i)), or ■ Freddie Mac may be required
      to pay the Seller proceeds (such as buyup proceeds) or apply a credit for a
      Credit Fee The fees and proceeds will be calculated, assessed and paid, and
      credits for Credit Fees will be applied, as described in this chapter. (i) Credit
      Fees The Seller must refer to Exhibit 19, Credit Fees, for information on Credit
      Fees. Credit Fees are paid in accordance with the Credit Fee provisions stated
      in Section 6303.2(a). (A) Assessment of Credit Fees Credit Fees will be assessed
      and billed to the Seller in conjunction with the sale of Mortgages with certain
      loan attributes. A particular Mortgage may be subject to more than one Credit
      Fee. Unless stated otherwise in the Seller’s Purchase Documents, Credit Fees
      applicable to a Mortgage are cumulative. (B) Calculation of Credit Fees in Price
      Freddie Mac Single-Family Seller/Servicer Guide Chapter 6303 As of 05/06/26
      Page 6303-2 Credit Fees in Price are calculated by multiplying the Credit Fee
      in Price rate(s) by the UPB of the Mortgage on the Funding/Settlement Date.
      (C) Base Grid Credit Fees For all Mortgages with certain Base Grid combinations,
      Credit Fees will be assessed and billed to the Seller as follows: ■ Unless the
      Mortgage is sold through Cash-Released XChange®, for Base Grid Credit Fees applicable
      to Loan Product Advisor® Mortgages, the applicable Credit Fee will be based
      on the loan-to-value (LTV) ratio calculated by Freddie Mac based on data delivered
      by the Seller and the Indicator Score found on the Last Feedback Certificate.
      Note: If the Seller does not deliver the Key Number for a Loan Product Advisor
      Mortgage, that Mortgage will be assessed the below 620 Base Grid fee. ■ For
      Mortgages sold through Cash-Released XChange, the Seller must deliver ULDD Data
      Point Loan Level Credit Score Value regardless of whether the Mortgage is a
      Loan Product Advisor Mortgage, and the Mortgage will be assessed Base Grid Credit
      Fees based on ULDD Data Point Loan Level Credit Score Value ■ For Non-Loan Product
      Advisor Mortgages, Base Grid Credit Fees are assessed based on the Indicator
      Score delivered to Freddie Mac and the LTV ratio calculated by Freddie Mac in
      conjunction with the sale of Mortgages. Freddie Mac’s LTV ratio calculation
      is based on data delivered by the Seller. Note: If the Seller does not deliver
      the Indicator Score for Non-Loan Product Advisor Mortgages, the Mortgages will
      be assessed the below 620 Base Grid fee. (D) Notification of changes to Credit
      Fees Upon prior written notice to the Seller, Freddie Mac reserves the right
      to: ■ Change an existing Credit Fee rate (including a credit for a Credit Fee)
      ■ Change the process used to determine whether a Mortgage is subject to a Credit
      Fee or eligible for a credit for a Credit Fee, or ■ Implement a Credit Fee or
      credit for a Credit Fee on any Mortgage Product and/or Mortgage attribute that
      is not subject to a Credit Fee or eligible for a credit for a Credit Fee (ii)
      Payment of buyup proceeds and buydown fees Freddie Mac Single-Family Seller/Servicer
      Guide Chapter 6303 As of 05/06/26 Page 6303-3 All buyup proceeds and buydown
      fees will be determined in accordance with the provisions of Section 6201.2(c)(iv),
      as applicable. Credit Fees applicable to the Mortgage will be either: ■ Deducted
      from the amount of any buyup proceeds applicable to the Mortgage, or ■ Added
      to the amount of any buydown fees applicable to the Mortgage (iii) Gold Rush®
      fees For Guarantor or MultiLender Swap Contracts, Gold Rush fees will be determined
      in accordance with the following sections: Gold Rush fees Contract Guide section
      Fixed-Rate Guarantor Contracts Section 6203.2(a) WAC ARM Guarantor Contracts
      Section 6204.2(a) MultiLender Swap Contracts Section 6205.2(a) (iv) Monthly
      invoice and account activity statement Sellers may contact SellerBilling@FreddieMac.com
      with questions about their monthly invoice and account activity statement. The
      following information outlines the process of monthly invoicing and account
      statements for Sellers engaging with Freddie Mac under various Mortgage contract
      programs. (A) Monthly invoice (I) Mortgages sold under cash Purchase Contracts
      For all Mortgages sold to Freddie Mac under cash Purchase Contracts under the
      Cash program, Freddie Mac will net the amount of Credit Fees and credits for
      Credit Fees against the amount paid to the Seller. Additionally, all other fees
      applicable to Mortgages sold under the Cash program (e.g., pairoff fees and
      any premium recapture described in Section 6303.1(d)) will be assessed on the
      Seller’s monthly invoice. (II) Mortgages sold under Guarantor and MultiLender
      Swap Contracts Freddie Mac Single-Family Seller/Servicer Guide Chapter 6303
      As of 05/06/26 Page 6303-4 The net amount of initial Credit Fees, buyup proceeds,
      buydown fees and settlement interest applicable to Mortgages sold to Freddie
      Mac under Guarantor and MultiLender Swap Contracts will be drafted from the
      Automated Clearing House (ACH) account that the Seller has designated for payment
      of fees associated with the sale of Mortgages to Freddie Mac in accordance with
      the provisions of the daily ACH process described in Section 6303.2(a)(i). The
      net amount of all other monthly billed fees associated with the sale of Mortgages
      to Freddie Mac under the Guarantor and MultiLender Swap programs (such as pairoff
      fees, any adjustments to a Credit Fee applicable to Mortgages sold under the
      Guarantor and MultiLender Swap programs and any early payoff proceeds described
      in Section 6303.1(d)) will be assessed on the Seller’s monthly invoice and drafted
      from the Seller’s ACH account monthly in accordance with the provisions of the
      monthly ACH process described in this Chapter 6303. (B) Account activity statement
      Included with the monthly invoice is a statement reflecting all open account
      activity and the total amount due on the Seller’s account for the most recent
      calendar month. The statement will include late fees as described in Section
      6303.2(b) for accounts past due and any account adjustments or credits received
      for previous months’ activities. (b) Fee for Purchase Contracts that exceed
      the Maximum Annual Mortgage Purchase Amount If Freddie Mac has established a
      Maximum Annual Mortgage Purchase Amount with respect to the Seller, Freddie
      Mac may charge a reasonable fee based on the entire amount of any Purchase Contract
      that is rescinded pursuant to Section 1201.4(b). Freddie Mac will determine
      the amount of the fee at the time the fee is assessed. The Seller must remit
      to Freddie Mac the full amount of the fee in the same manner as the payment
      of Credit Fees set forth in Section 6303.2(a). (c) Refunds, repayments, credits
      and adjustments (i) Refunding Credit Fees and repayment of credits for Credit
      Fees in connection with repurchases During the first 12 months after the funding/settlement
      of a Mortgage, Freddie Mac may provide to the Seller a refund for all or a portion
      of the Credit Fees associated with the Mortgage if: ■ Freddie Mac considers
      the Mortgage ineligible for purchase Freddie Mac Single-Family Seller/Servicer
      Guide Chapter 6303 As of 05/06/26 Page 6303-5 ■ The Seller is obligated to repurchase
      the Mortgage from Freddie Mac ■ The Seller voluntarily requests and receives
      approval to repurchase the Mortgage from Freddie Mac For Mortgages deemed ineligible
      or those requiring repurchase, the Seller must reimburse Freddie Mac for any
      credits for Credit Fees that were applied to the Seller’s monthly invoice or
      purchase price under the Cash program. Note: For any refunded Credit Fee, Freddie
      Mac may apply a processing fee, of 0.5% of the Mortgage’s UPB on the Funding/Settlement
      Date; in no event will the processing fee exceed the refund amount. (ii) Recalculating
      Credit Fees, credits for Credit Fees and proceeds If, within the first six months
      following the funding/settlement month, either Freddie Mac or the Seller identifies
      inaccurate delivery data that affects the Credit Fee calculation or funding
      fee calculation for the Mortgage, Freddie Mac will use the corrected data to:
      ■ Recalculate the Credit Fee or funding fee ■ Adjust the credit for the Credit
      Fee or the proceeds received by Freddie Mac Depending on the recalculated amounts,
      the Seller may incur additional fees, receive a refund, gain credit or be required
      to repay previous amounts. The adjustments will appear on a subsequent monthly
      invoice. Any other recalculations regarding Credit Fees, funding fees, credits
      or proceeds will be at Freddie Mac’s discretion. (d) Recapture of premiums and
      reimbursement of buyup proceeds For any Mortgage that is paid off (whether because
      of a refinance, a prepay or any other reason) within 120 days of the Freddie
      Mac Funding Date or Settlement Date, Freddie Mac may, in its sole discretion,
      require the Seller/Servicer to reimburse Freddie Mac for: ■ With respect to
      a Mortgage delivery through the Cash program: Any premium paid for the Mortgage
      (defined as the amount by which the purchase price exceeded the par price, after
      netting out the delivery fees) plus a processing fee not to exceed 50 basis
      points multiplied by the outstanding UPB of the Mortgage on the Funding Date
      (this amount is referred to as the Premium Recapture Fee), and ■ With respect
      to a Mortgage delivery through the Guarantor or MultiLender Swap program: Freddie
      Mac Single-Family Seller/Servicer Guide Chapter 6303 As of 05/06/26 Page 6303-6
      ❑ An amount equal to 100 basis points (1%) of the outstanding UPB of the Mortgage,
      on the Funding Date (this amount is referred to as the Early Payoff Fee), and
      ❑ Any buyup proceeds paid by Freddie Mac to the Seller in connection with the
      delivery of the Mortgage The amount of these premiums, fees and buyup proceeds
      will be reported on the Seller account activity statement and drafted from the
      Seller’s ACH account, as described in Section 6303.2(a).'
  judgment: false
