source:
  type: guide
  id: fhlmc-4201.1
  authority: Freddie Mac Single-Family Seller/Servicer Guide Section 4201.1 — Investment
    Quality Mortgage
  description: Freddie Mac Single-Family Seller/Servicer Guide Section 4201.1 — Investment
    Quality Mortgage.
  coverage_tier: operative
obligations:
- id: fhlmc-4201.1-full
  canonical_id: fhlmc-4201.1-full
  section: Freddie Mac Single-Family Seller/Servicer Guide Section 4201.1 — Investment
    Quality Mortgage
  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 4201.1 — Investment
      Quality Mortgage
    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: '4201.1: Investment Quality Mortgage (04/02/25) An Investment
      Quality Mortgage is a Mortgage that is: ■ Made to a Borrower from whom repayment
      of the Mortgage can be expected ■ Adequately secured by real property, and ■
      Originated in accordance with the requirements of the Purchase Documents The
      Seller warrants that: ■ All Mortgages sold to Freddie Mac have the characteristics
      of an Investment Quality Mortgage, and ■ ATR Covered Mortgages sold to Freddie
      Mac satisfy the QM requirements in the Revised General QM Rule 4201.2: Mortgage
      valid First Lien; no prior liens; Mortgage not modified (02/04/26) The Mortgage
      must be a valid First Lien on the Mortgaged Premises. The Mortgaged Premises
      must be free and clear of all prior liens and encumbrances, and no rights or
      condition may exist that could give rise to such liens, except for: ■ Liens
      for real estate taxes and special assessments not yet due and payable ■ Rights
      and conditions specified in Section 4702.4 related to acceptable exceptions
      to the title insurance policy or to the attorney’s opinion of title letter The
      Mortgage must be a legal, valid and binding obligation of the Borrower, enforceable
      according to its terms and conditions and free from any right of setoff, counterclaim
      or other claim or defense. No part of the Mortgaged Premises may have been released
      from the Mortgage. The terms of the Mortgage may not in any material manner
      have been modified, amended or in any way waived or changed, except as permitted
      by Freddie Mac for Mortgages eligible for sale as: Freddie Mac Single-Family
      Seller/Servicer Guide Chapter 4201 As of 03/04/26 Page 4201-2 ■ Construction
      to Permanent Mortgages or Renovation Mortgages with a modification agreement
      ■ Seller-Owned Converted Mortgages ■ Seller-Owned Modified Mortgages ■ Refinance
      Mortgages secured by property in New York State that are documented using a
      New York Consolidation, Modification and Extension Agreement'
  judgment: false
