source:
  type: regulation
  id: fhlmc-4401.2
  authority: Freddie Mac Single-Family Seller/Servicer Guide §4401.2 — Underwriting requirements for ARMs (07/02/25)
  description: "Freddie Mac Guide §4401.2 (Underwriting requirements for ARMs). Gap-fill (verbatim, ID-diff). \n"
obligations:
- id: fhlmc-4401.2-0
  canonical_id: fhlmc-4401.2-0
  section: Freddie Mac Guide 4401.2
  description: '4401.2 Underwriting requirements for ARMs: (07/02/25) This section contains information related
    to: ■ Special ARM qualifications ■ ARM qualifying rates ■ Buydowns (a) Special ARM qualifications For 3/6-Month
    ARMs and 5/6-Month ARMs, the initial Note Rate cannot be more than three percentage points below the fully indexed
    …'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §4401.2 — Underwriting requirements for ARMs (07/02/25)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: '(07/02/25) This section contains information related to: ■ Special ARM qualifications ■ ARM
      qualifying rates ■ Buydowns (a) Special ARM qualifications For 3/6-Month ARMs and 5/6-Month ARMs, the initial
      Note Rate cannot be more than three percentage points below the fully indexed rate. (b) ARM qualifying rates
      The following table provides the minimum Borrower qualification requirements for each eligible ARM product.
      Borrower qualifying rate requirements by ARM product SOFR ARM product Borrower qualified at no less than the:
      3/6-Month ARM1 Note Rate + Life Cap (5%) 5/6-Month ARM1 Greater of the Note Rate plus two percentage points
      or the fully indexed rate2 7/6-Month ARM 10/6-Month ARM ■ Note Rate for Mortgages that are not Higher-Priced
      Covered Transactions (HPCTs) or Higher-Priced Mortgage Loans (HPMLs) ■ Greater of the Note Rate or the fully
      indexed rate2 for Mortgages that are HPCTs or HPMLs 1The qualifying rate must, at a minimum, equal the maximum
      interest rate that may apply during the first 5 years after the first payment Due Date. If the ARM qualifying
      rate requirements above are more restrictive, those requirements must be satisfied.'
    drafter_attestation: Verbatim from Freddie Guide §4401.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-4401.2-1
  canonical_id: fhlmc-4401.2-1
  section: Freddie Mac Guide 4401.2
  description: '4401.2 Underwriting requirements for ARMs: 401-6 2For purposes of this section, the fully indexed
    rate is the sum of the Margin plus a value of the applicable Index (at any time within 90 days preceding the
    Note Date), rounded to the nearest one-eighth of 1% (0.125%). (c) Buydowns For ARMs that are Financed Permanent
    Buyd…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §4401.2 — Underwriting requirements for ARMs (07/02/25)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: 401-6 2For purposes of this section, the fully indexed rate is the sum of the Margin plus a
      value of the applicable Index (at any time within 90 days preceding the Note Date), rounded to the nearest
      one-eighth of 1% (0.125%). (c) Buydowns For ARMs that are Financed Permanent Buydown Mortgages and ARMs with
      temporary subsidy buydown plans, the Borrower must be qualified in accordance with the requirements of this
      section. For additional buydown provisions related to ARMs, refer to Section 4204.3 for ARMs with temporary
      subsidy buydown plans and Chapter 4601 for Financed Permanent Buydown Mortgages. 3/6-Month ARMs are not eligible
      as Financed Permanent Buydown Mortgages or ARMs with temporary subsidy buydown plans.
    drafter_attestation: Verbatim from Freddie Guide §4401.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-4401.2-2
  canonical_id: fhlmc-4401.2-2
  section: Freddie Mac Guide 4401.2
  description: '4401.2 Underwriting requirements for ARMs: 402-1 Chapter 4402: Seller-Owned Converted Mortgages
    and Seller-Owned Modified Mortgages'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §4401.2 — Underwriting requirements for ARMs (07/02/25)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: '402-1 Chapter 4402: Seller-Owned Converted Mortgages and Seller-Owned Modified Mortgages'
    drafter_attestation: Verbatim from Freddie Guide §4401.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-4401.2-3
  canonical_id: fhlmc-4401.2-3
  section: Freddie Mac Guide 4401.2
  description: '4401.2 Underwriting requirements for ARMs: Common requirements for Seller-Owned Converted Mortgages
    and Seller-Owned Modified Mortgages (02/04/26) This section contains information related to: ■ Eligible Mortgages
    ■ Special underwriting requirements ■ Special documentation requirements ■ Property value warranty requiremen…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §4401.2 — Underwriting requirements for ARMs (07/02/25)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: 'Common requirements for Seller-Owned Converted Mortgages and Seller-Owned Modified Mortgages
      (02/04/26) This section contains information related to: ■ Eligible Mortgages ■ Special underwriting requirements
      ■ Special documentation requirements ■ Property value warranty requirements ■ Condominium, leasehold estate
      and Planned Unit Development (PUD) warranty requirements ■ Mortgage insurance requirements ■ Form 1077, Uniform
      Underwriting and Transmittal Summary ■ Title insurance ■ Quality control (a) Eligible Mortgages (i) Requirements
      related to the Mortgage prior to conversion or modification Prior to conversion or modification, the Mortgage
      must have had the following characteristics: ■ The Mortgage must have been secured by a First Lien on a 1-
      to 4-unit Primary Residence; if the Mortgage is a Home Possible® Mortgage it must have been secured by a 1-unit
      Primary Residence'
    drafter_attestation: Verbatim from Freddie Guide §4401.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-4401.2-4
  canonical_id: fhlmc-4401.2-4
  section: Freddie Mac Guide 4401.2
  description: '4401.2 Underwriting requirements for ARMs: 402-2 ■ The occupancy type of the Mortgaged Premises
    must not have changed since the Note Date or since the Effective Date of Permanent Financing if the Mortgage
    was originated as a Construction to Permanent Mortgage or Renovation Mortgage ■ The Mortgage met all Freddie
    Mac’s eli…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §4401.2 — Underwriting requirements for ARMs (07/02/25)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: '402-2 ■ The occupancy type of the Mortgaged Premises must not have changed since the Note
      Date or since the Effective Date of Permanent Financing if the Mortgage was originated as a Construction to
      Permanent Mortgage or Renovation Mortgage ■ The Mortgage met all Freddie Mac’s eligibility and underwriting
      requirements on the Note Date or on the Effective Date of Permanent Financing if the Mortgage was originated
      as a Construction to Permanent Mortgage or Renovation Mortgage ■ The loan-to-value (LTV), total LTV (TLTV)
      and Home Equity Line of Credit (HELOC) TLTV (HTLTV) ratios did not exceed the limits in Section 4203.1(b)
      or, for Home Possible Mortgages, Section 4501.7 as of the Note Date or as of the Effective Date of Permanent
      Financing if the Mortgage was originated as a Construction to Permanent Mortgage or Renovation Mortgage ■
      The principal balance of the Mortgage has not increased since the Note Date or since the Effective Date of
      Permanent Financing if the Mortgage was originated as a Construction to Permanent Mortgage or Renovation Mortgage,
      and the loan amount of the Mortgage prior to modification or conversion did not exceed the maximum loan amount
      in Section 4203.1(c) in effect on the Note Date. The Mortgage may not be a super conforming Mortgage (as described
      in Chapter 4603). ■ The Mortgage was not in default and meets the requirements in Section 4201.6 ■ The Mortgage
      was a conventional, fully amortizing Mortgage, with an original amortization term no greater than 30 years
      from the date that is one month before the first payment Due Date as described in Section 4201.3 ■ The Mortgage
      was not an interest-only Mortgage prior to conversion or modification (ii) Requirements for the Seller-Owned
      Converted Mortgage or Seller-Owned Modified Mortgage A Seller-Owned Converted Mortgage or Seller-Owned Modified
      Mortgage must have the following characteristics: ■ The Mortgage meets all Freddie Mac’s eligibility and underwriting
      requirements in effect on the Delivery Date ■ The current LTV, TLTV and HTLTV ratios do not exceed the limits
      in Section 4203.1(b) or, for Home Possible Mortgages, Section 4501.7 as of the Delivery Date. The current
      ratios are calculated by dividing the UPB of the Mortgage as of the Delivery Date by the value as defined
      in Section 4203.1(a). ■ The Mortgage must comply with the maximum original loan amounts stated in Section
      4203.1(c) in effect on the Settlement Date. The Mortgage may not be a super conforming Mortgage as described
      in Chapter 4603.'
    drafter_attestation: Verbatim from Freddie Guide §4401.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-4401.2-5
  canonical_id: fhlmc-4401.2-5
  section: Freddie Mac Guide 4401.2
  description: '4401.2 Underwriting requirements for ARMs: 402-3 ■ The Seller may not have assessed a prepayment
    penalty in connection with the conversion or modification of the Mortgage ■ The Borrowers are the same as the
    Borrowers on the Mortgage prior to conversion or modification, except that a Borrower who contributed no qualifying
    …'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §4401.2 — Underwriting requirements for ARMs (07/02/25)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: '402-3 ■ The Seller may not have assessed a prepayment penalty in connection with the conversion
      or modification of the Mortgage ■ The Borrowers are the same as the Borrowers on the Mortgage prior to conversion
      or modification, except that a Borrower who contributed no qualifying income, assets or reserves may have
      been removed ■ The Mortgage is a conventional, fully amortizing Mortgage and the Mortgage term may not extend
      beyond 30 years from the date that is one month before the first payment Due Date as described in Section
      4201.3 A Mortgage originated as a Construction to Permanent Mortgage or Renovation Mortgage is a Seller-Owned
      Modified Mortgage if all of the following conditions are met: ■ The terms of the Permanent Financing have
      been modified or, for an ARM, converted to a fixed-rate Mortgage after the Effective Date of Permanent Financing
      ■ The Mortgage meets the requirements of this Chapter 4402 ■ The Mortgage is not secured by a Manufactured
      Home (b) Special underwriting requirements The following special underwriting requirements apply to Seller-Owned
      Modified Mortgages that are not Home Possible Accept Mortgages and to Seller-Owned Converted Mortgages: ■
      Except as modified by this chapter, the Seller is required to manually underwrite and requalify each Borrower
      using Freddie Mac’s eligibility and underwriting requirements in accordance with Topics 5100 through 5500
      in effect as of the Delivery Date ■ A Seller-Owned Converted Mortgage or Seller-Owned Modified Mortgage is
      not eligible to be submitted to Loan Product Advisor® for assessment ■ The Seller-Owned Converted Mortgage
      or Seller-Owned Modified Mortgage will not receive any representation and warranty relief relating to the
      assessment of the Mortgage through Loan Product Advisor, and any previous relief provided is of no force and
      effect in connection with the Mortgage The following special underwriting requirements apply to all Seller-Owned
      Converted Mortgage and Seller-Owned Modified Mortgages: ■ The Seller-Owned Converted Mortgage or Seller-Owned
      Modified Mortgage eligibility and underwriting requirements must be based on the loan purpose as of the Note
      Date'
    drafter_attestation: Verbatim from Freddie Guide §4401.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-4401.2-6
  canonical_id: fhlmc-4401.2-6
  section: Freddie Mac Guide 4401.2
  description: '4401.2 Underwriting requirements for ARMs: 402-4 ■ The Mortgage must comply with the minimum Indicator
    Score requirements in Exhibit 25, Mortgages with Risk Class and/or Minimum Indicator Score Requirements, for
    an applicable Mortgage product and must meet the requirements of Topics 5100 through 5500. If no Borrower has
    a…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §4401.2 — Underwriting requirements for ARMs (07/02/25)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: '402-4 ■ The Mortgage must comply with the minimum Indicator Score requirements in Exhibit
      25, Mortgages with Risk Class and/or Minimum Indicator Score Requirements, for an applicable Mortgage product
      and must meet the requirements of Topics 5100 through 5500. If no Borrower has a usable Credit Score and,
      as a result, the Mortgage does not have an Indicator Score, the Mortgage is not eligible for purchase. Home
      Possible Mortgages must be either Manually Underwritten Mortgages or Loan Product Advisor Accept Mortgages.
      (c) Special documentation requirements The Seller must maintain in the Mortgage file: ■ All documentation
      required as of the Note Date or as of the Effective Date of Permanent Financing if the Mortgage was originated
      as a Construction to Permanent Mortgage or Renovation Mortgage ■ All documentation associated with the conversion
      or modification of the Mortgage ■ The payment history of the Mortgage for the 12-month period prior to the
      Delivery Date (or the full length of the payment history, if less than 12 months) documented by a new credit
      report or a Servicer-generated payment history ■ Credit, employment and income documentation required to requalify
      each Borrower in accordance with the Standard Documentation requirements in Topic 5300 for the Seller- Owned
      Converted Mortgage or Seller-Owned Modified Mortgage, including, but not limited to: ❑ New Uniform Residential
      Loan Application ❑ New credit report meeting the requirements of Section 5203.1 ❑ Verification of income and
      employment Exception: This requirement does not apply to Seller-Owned Modified Mortgages that are Home Possible
      Mortgages. ■ Any other documentation required as of the Delivery Date (e.g., the Indicator Score). If Freddie
      Mac required a minimum Indicator Score for the Mortgage at time of origination, the Seller must note this
      Indicator Score in addition to the Indicator Score required for delivery under this chapter on Form 1077.
      Underwriting documentation must be dated no more than 120 days prior to the modification or Conversion Date.
      (d) Property value warranty requirements'
    drafter_attestation: Verbatim from Freddie Guide §4401.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-4401.2-7
  canonical_id: fhlmc-4401.2-7
  section: Freddie Mac Guide 4401.2
  description: '4401.2 Underwriting requirements for ARMs: 402-5 The following requirements must be met regarding
    the valuation of the Mortgaged Premises: ■ The Seller must provide a new appraisal with an effective date no
    more than 120 days prior to the modification or Conversion Date ■ The appraisal must meet Freddie Mac requirements
    ■…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §4401.2 — Underwriting requirements for ARMs (07/02/25)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: '402-5 The following requirements must be met regarding the valuation of the Mortgaged Premises:
      ■ The Seller must provide a new appraisal with an effective date no more than 120 days prior to the modification
      or Conversion Date ■ The appraisal must meet Freddie Mac requirements ■ The Seller warrants that the property
      value has not declined since the effective date of the most recent appraisal if the Mortgage was originated
      as a Construction to Permanent Mortgage or Renovation Mortgage ■ The new appraisal must not be used to determine
      the original LTV, TLTV and HTLTV ratios for the Mortgage or the current LTV, TLTV and HTLTV ratios as of the
      Delivery Date (e) Condominium, leasehold estate and Planned Unit Development (PUD) warranty requirements For
      Mortgages secured by Condominium Units, the Seller must underwrite the Condominium Project and, based on such
      evaluation, represent and warrant that the Condominium Project complies with the requirements in Chapter 5701.
      Mortgages secured by leasehold estates must meet the special warranties in Chapter 5704 as applicable. Mortgages
      secured by PUDs must meet the special warranties in Chapter 5702 as applicable. (f) Mortgage insurance requirements
      The following are mortgage insurance requirements for Seller-Owned Converted Mortgages and Seller-Owned Modified
      Mortgages: ■ For a Mortgage that had an LTV ratio greater than 80% on the Note Date or on the Effective Date
      of Permanent Financing if the Mortgage was originated as a Construction to Permanent Mortgage or Renovation
      Mortgage and has a current LTV ratio greater than 80%, the required level of mortgage insurance coverage will
      be determined by the requirements in the Guide as of the Note Date or as of the Effective Date of Permanent
      Financing if the Mortgage was originated as a Construction to Permanent Mortgage or Renovation Mortgage ■
      The Seller is not required to increase existing mortgage insurance coverage to comply with Section 4701.1
      if Freddie Mac’s minimum coverage amounts have increased between the (i) Note Date or the Effective Date of
      Permanent Financing if the Mortgage was originated as a Construction to Permanent Mortgage or Renovation Mortgage,
      and (ii) Delivery Date'
    drafter_attestation: Verbatim from Freddie Guide §4401.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-4401.2-8
  canonical_id: fhlmc-4401.2-8
  section: Freddie Mac Guide 4401.2
  description: '4401.2 Underwriting requirements for ARMs: 402-6 ■ The Seller/Servicer must warrant that conversion
    or modification has not altered or impaired the coverage under the mortgage insurance policy. If the Seller/Servicer
    cannot warrant that the insurance policy has not been impaired, the Seller/Servicer must obtain an endorse…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §4401.2 — Underwriting requirements for ARMs (07/02/25)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: 402-6 ■ The Seller/Servicer must warrant that conversion or modification has not altered or
      impaired the coverage under the mortgage insurance policy. If the Seller/Servicer cannot warrant that the
      insurance policy has not been impaired, the Seller/Servicer must obtain an endorsement that brings the policy
      into compliance with the requirements of Section 4701.1. ■ Lender-paid mortgage insurance is permitted ■ The
      custom mortgage insurance option described in Section 4701.1 and financed mortgage insurance premiums described
      in Section 4701.2(a) are not permitted (g) Form 1077 On Form 1077, or on another document in the Mortgage
      file, the Seller must state that the Mortgage is a Seller-Owned Converted Mortgage or a Seller-Owned Modified
      Mortgage. If applicable, Seller must state that the Mortgage was originated as a Construction to Permanent
      Mortgage or Renovation Mortgage. (h) Title insurance The Mortgage must meet the title insurance requirements
      of Chapter 4702. The Seller/Servicer must warrant that conversion or modification has not altered or impaired
      coverage under the title insurance policy or attorney’s opinion of title. (i) Quality control If the Mortgage
      is selected for Freddie Mac’s post-funding quality control, the Seller/Servicer must provide both the original
      underwriting file and the underwriting file required to requalify the Borrower at the time of conversion or
      modification.
    drafter_attestation: Verbatim from Freddie Guide §4401.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-4401.2-9
  canonical_id: fhlmc-4401.2-9
  section: Freddie Mac Guide 4401.2
  description: '4401.2 Underwriting requirements for ARMs: Special requirements for Seller-Owned Converted Mortgages
    (05/07/25) This section contains: ■ Eligibility requirements ■ Delivery requirements'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §4401.2 — Underwriting requirements for ARMs (07/02/25)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: 'Special requirements for Seller-Owned Converted Mortgages (05/07/25) This section contains:
      ■ Eligibility requirements ■ Delivery requirements'
    drafter_attestation: Verbatim from Freddie Guide §4401.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
