source:
  type: guide
  id: fhlmc-6101.2
  authority: Freddie Mac Single-Family Seller/Servicer Guide Section 6101.2 — Fixed-rate
    Cash Contracts
  description: Freddie Mac Single-Family Seller/Servicer Guide Section 6101.2 — Fixed-rate
    Cash Contracts.
  coverage_tier: operative
obligations:
- id: fhlmc-6101.2-full
  canonical_id: fhlmc-6101.2-full
  section: Freddie Mac Single-Family Seller/Servicer Guide Section 6101.2 — Fixed-rate
    Cash Contracts
  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 6101.2 — Fixed-rate
      Cash Contracts
    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: '6101.2: Fixed-rate Cash Contracts (11/05/25) This section contains
      requirements related to: ■ Mandatory fixed-rate Cash Contracts ■ Best Efforts
      fixed-rate Cash Contracts ■ Certain negotiated pricing under Fixed-rate Cash
      (a) Mandatory fixed-rate Cash Contracts (i) Offer amounts and procedures for
      Mandatory Cash Contracts Each Business Day, the Seller may take out Mandatory
      Cash Contracts to sell one or more Mortgages. Freddie Mac will endeavor to announce
      prior to the offer day if commitments will not be available due to holidays
      or other reasons. The minimum amount for an individual Mandatory Cash Contract
      is $1,000. Freddie Mac may, at its discretion and at any time, impose a maximum
      contract amount for individual Mandatory Cash Contracts. The Seller may enter
      into multiple mandatory cash contracts but may not exceed $200 million in aggregate
      fixed-rate and WAC ARM (see Section 6102.2(a)) commitment volume per day. The
      Seller may seek an exception to this amount by contacting the Cash Desk (Cash_Ex@FreddieMac.com
      or 571-382-5960). Note: If this limit is exceeded without prior Freddie Mac
      approval, Freddie Mac may pair off the Seller’s contract(s) or may require the
      Seller to pair off the contract(s) at the Seller’s expense. (ii) Seller obligations
      for Mandatory Cash Contracts Under a Mandatory Cash Contract, the Seller must:
      ■ Sell to Freddie Mac one or more Mortgages that meet all of the contract requirements
      and have an aggregate UPB equal to the contract amount, subject to the purchase
      tolerance applicable to cash contracts under Section 6401.1 ■ Complete all requirements
      for the sale of the Mortgages by the close of business on the Purchase Contract
      Expiration Date The terms of the Purchase Contract are provided in Loan Selling
      Advisor® and made available in Loan Selling Advisor’s Purchase Contract Confirmation.
      Freddie Mac Single-Family Seller/Servicer Guide Chapter 6101 As of 12/17/25
      Page 6101-4 (iii)Contract periods for Mandatory Cash Contracts In Loan Selling
      Advisor, the Purchase Contract Effective Period is the period of time for which
      a price for eligible Mortgages provided to the Seller by Loan Selling Advisor
      is effective. The Seller may select a Purchase Contract Effective Period of
      between two and 90 days or such other time frame as permitted by Loan Selling
      Advisor. All of the requirements for all Mortgages under the contract must be
      completed by the Purchase Contract Expiration Date. (iv) Pricing for Mandatory
      Cash Contracts Pricing is available in Loan Selling Advisor each Business Day
      and is based on prices Freddie Mac expects to receive in the securities market
      for the related UMBS® or MBS. The price also reflects the Mortgage Note Rate,
      the Minimum Contract Servicing Spread and the delivery period. Freddie Mac will
      update prices on active Mortgage coupons throughout the day to reflect movements
      in the securities market. Posted prices assume a 0.250% Minimum Contract Servicing
      Spread and the use of the Standard Remittance Cycle. The contract price the
      Seller receives through Loan Selling Advisor may be adjusted as the Seller allocates
      Mortgages to the contract or provides more detailed Mortgage data. The Seller
      indemnifies Freddie Mac for any and all costs and expenses incurred by Freddie
      Mac as a result of the Seller’s sale of a Mortgage that Freddie Mac priced and
      purchased under a Mandatory Cash Contract based on incomplete and/or inaccurate
      Mortgage data provided by the Seller for which Freddie Mac would have provided
      a different price if the Mortgage data provided by the Seller had been complete
      and accurate. Once the Seller has accepted and agreed to the contract price
      provided by Freddie Mac, there is a binding commitment by Freddie Mac to purchase,
      and by the Seller to sell, Mortgages under the contract terms (subject to the
      conformity of each Mortgage to the requirements of the Purchase Documents).
      (v) Specified payups for Mandatory Cash Contracts For Mortgages with certain
      attributes, the Seller may be eligible to receive specified payups to standard
      cash pricing. The contract must be a 10-, 15-, 20- or 30-year mandatory fixed-rate
      contract. The cash payups are eligible for full commitment periods including
      extensions. All Mortgages within the contract must meet the requirements of
      the payup. Otherwise, the Seller will not be able to allocate the Mortgage to
      the contract. Freddie Mac Single-Family Seller/Servicer Guide Chapter 6101 As
      of 12/17/25 Page 6101-5 Mortgage characteristics that are eligible for specified
      payups are available in Loan Selling Advisor. Super conforming Mortgages sold
      under 100% super conforming Cash Contracts may be subject to price adjustments.
      See Chapter 4603 for special eligibility requirements for super conforming Mortgages.
      See Section 6302.31 for delivery requirements for fixed- rate Cash Contracts
      for super conforming Mortgages. For more details: go to https://sf.freddiemac.com/working-with-us/selling-
      delivery/delivery-options-pricing/cash-payups. (vi) Pairoff process for Mandatory
      Cash Contracts In the event the contract amount will not be fulfilled by delivery
      of Mortgages, the Seller may request a pairoff via Loan Selling Advisor or may
      wait until the contract expires and Loan Selling Advisor automatically calculates
      the pairoff fee. The pairoff process used in Loan Selling Advisor is “two-way”
      and may result in either a fee due Freddie Mac from the Seller or a fee due
      the Seller from Freddie Mac, depending on market conditions. The Seller may
      also choose to allocate Mortgages to “pair off and transfer to a new contract”
      (or pair off and recommit). With this functionality, the Seller may: ■ Pair
      off part or all of a current contract ■ Take out a new contract with different
      terms and/or a different amount ■ Transfer non-funded loans to a new contract
      to extend the Purchase Contract Effective Period or increase the Purchase Contract
      amount A pairoff fee calculated and provided by Loan Selling Advisor is non-negotiable.
      Freddie Mac reserves the right to amend the provisions of this section or Section
      6401.1 relating to the Loan Selling Advisor pairoff process without prior notice.
      (vii) Mandatory Cash Contract extensions In the event the contract amount specified
      in a Mandatory Cash Contract will not be fulfilled on or prior to the contract
      expiration date, the Seller may extend, in Loan Selling Advisor, the Mandatory
      Cash Contract at any time on or prior to the contract expiration date. The Seller
      may extend the contract an unlimited number of times, as long as the total extension
      period plus the original contract term does not exceed 120 days and each extension
      is less than 90 days beyond the current date. Freddie Mac Single-Family Seller/Servicer
      Guide Chapter 6101 As of 12/17/25 Page 6101-6 In exchange for the contract extension,
      the Seller will be assessed a fee to be paid in accordance with Section 6303.2(a).
      (b) Best Efforts fixed-rate Cash Contracts (i) Offer amounts and procedures
      for Best Efforts Cash Contracts Each Business Day, the Seller may take out a
      Best Effort Contract to sell a specific fixed- rate Mortgage. Freddie Mac will
      endeavor to announce prior to the offer day if commitments will not be available
      due to holidays or other reasons. The minimum amount for an individual Best
      Efforts Contract is $1,000. Freddie Mac may, at its discretion and at any time,
      impose a maximum contract amount for Best Efforts Cash Contracts. (ii) Seller
      obligations for Best Efforts Cash Contracts Under a Best Efforts Contract, the
      Seller must: ■ Use its best efforts to close and fund a specified Mortgage ■
      Sell the Mortgage to Freddie Mac, at a cash price determined by Freddie Mac,
      if the Mortgage with the same Borrower(s) and property address is closed and
      funded ■ With respect to Mortgages sold under a Best Efforts Contract, no later
      than close of business on the Business Day following the day on which the Seller
      denies the Borrower’s Mortgage application or the Borrower exercises his/her
      right of rescission, notify Freddie Mac of the change in the Mortgage application
      status or the rescission, as applicable, via Loan Selling Advisor (also known
      as “Withdraw Loan” status). Such notification must occur within the Purchase
      Contract Effective Period. The terms of the Purchase Contract are provided in
      Loan Selling Advisor. (iii)Contract periods for Best Efforts Contracts In Loan
      Selling Advisor, the Purchase Contract Effective Period is the period of time
      for which a price for eligible Mortgages provided to the Seller by Loan Selling
      Advisor is effective. The Seller may select a Purchase Contract Effective Period
      of between two and 90 days or such other time frame as permitted by Loan Selling
      Advisor. All of the requirements for the specified Mortgage under the contract
      must be completed by the Purchase Contract Expiration Date. If the Mortgage
      specified under a Best Efforts Contract closes and funds after the Best Efforts
      Contract expires, the Seller remains obligated to sell the Mortgage to Freddie
      Mac Freddie Mac Single-Family Seller/Servicer Guide Chapter 6101 As of 12/17/25
      Page 6101-7 under that same Best Efforts Contract. See Section 6101.2(b)(iv)
      below for the impact on pricing of selling a Mortgage under a Best Efforts Contract
      that has expired. If, despite the Seller’s best efforts, the Mortgage is not
      closed and funded, the Seller will not be assessed a pairoff fee. The Seller
      may substitute a different loan to fulfill this contract. Pricing adjustments
      may apply. See Section 6101.2(b)(iv) for Best Efforts Contracts. However, the
      Seller indemnifies Freddie Mac for any and all costs and expenses incurred by
      Freddie Mac as a result of the Seller’s failure to sell a Mortgage to Freddie
      Mac that is closed and funded by the Seller. Furthermore, the Seller may not:
      ■ Substitute a Mortgage with a different Borrower(s) or a different property
      address for the Mortgage specified in the Best Efforts Contract ■ Take out another
      Best Efforts Contract or a Mandatory Cash Contract, either sequentially or at
      the same time, for the same Mortgage ■ Take out a Best Efforts Contract with
      fictitious Borrower data or a fictitious property address ■ Sell a Mortgage
      specified in a Best Efforts Contract to another investor If the Seller fails
      to comply with the requirements specified above, Freddie Mac may immediately
      terminate the Seller’s eligibility to sell under a Best Efforts Contract. (iv)
      Pricing for Best Efforts Cash Contracts Pricing is available in Loan Selling
      Advisor each Business Day and is based on prices Freddie Mac expects to receive
      in the securities market for the related UMBS or MBS. The price also reflects
      the Mortgage Note Rate, the Minimum Contract Servicing Spread, the delivery
      period and the cost that Freddie Mac incurs for managing interest rate risk
      on behalf of the Seller. Freddie Mac will update prices on active Mortgage coupons
      throughout the day to reflect movements in the securities market. Posted prices
      assume a 0.250% (25 basis point) Minimum Contract Servicing Spread and the use
      of the Standard Remittance Cycle. Among other considerations, Freddie Mac will
      consider the Seller’s success rate, under prevailing market conditions, in closing
      Mortgages that are allocated to Best Efforts Contracts. A Mortgage that fails
      to fund and close as specified in the Best Efforts Contract may adversely affect
      the Seller’s pricing for future Best Efforts Contracts. For Mortgages allocated
      to Best Efforts Contracts, if any of the characteristics change, the Seller
      must modify the Mortgage data. Freddie Mac Single-Family Seller/Servicer Guide
      Chapter 6101 As of 12/17/25 Page 6101-8 Example: If the Borrower switches from
      a 30-year fixed-rate Mortgage to a 15-year fixed-rate Mortgage, the Mortgage
      data must be modified without allocating the Mortgage to a new Best Efforts
      Contract. The contract will be re-priced using the prices in effect as of the
      date that the Seller originally accepted the Best Efforts Contract price. In
      addition, if the Seller sells a Mortgage that has closed and funded after a
      Best Efforts Contract has expired, Freddie Mac will determine the price for
      that Mortgage at the time of sale. The Seller indemnifies Freddie Mac for any
      and all costs and expenses incurred by Freddie Mac as a result of the Seller’s
      sale of a Mortgage that Freddie Mac priced and purchased under a Best Efforts
      Contract based on incomplete and/or inaccurate Mortgage data provided by the
      Seller, for which Freddie Mac would have provided a different price if the Mortgage
      data provided by the Seller had been complete and accurate. (v) Specified payups
      for Best Efforts Cash Contracts For Mortgages with certain attributes, Sellers
      may be eligible to receive specified payups to standard cash pricing. The contract
      must be a 10-, 15-, 20- or 30-year Best Efforts fixed-rate contract. The cash
      payups are eligible for full commitment periods, including extensions. All Mortgages
      within the contract must meet the requirements of the payups. If a Mortgage
      does not meet the requirements for the applicable Cash Contract, the Seller
      will not be able to allocate the Mortgage to the contract. Mortgage characteristics
      that are eligible for specified payups are available in Loan Selling Advisor.
      (vi) Best Efforts Cash Contract extensions In the event the Mortgage specified
      in a Best Efforts Contract will not close prior to the contract expiration date,
      the Seller may extend, in Loan Selling Advisor, the Best Efforts Contract at
      any time prior to the contract expiration date. The Seller may extend the contract
      an unlimited number of times, as long as the total extension period plus the
      original contract term does not exceed 120 days and each extension is less than
      90 days beyond the current date. In exchange for the contract extension, the
      Seller will be assessed a fee, to be paid in accordance with Section 6303.2(a).
      (c) Certain negotiated pricing under Fixed-rate Cash Freddie Mac Single-Family
      Seller/Servicer Guide Chapter 6101 As of 12/17/25 Page 6101-9 Freddie Mac may,
      from time to time, assess certain negotiated Credit Fees. Any such pricing will
      be made available to the Seller on the cash Purchase Contract loan-level fee
      breakdown screen in Loan Selling Advisor. In addition to the provisions of Section
      1101.2(a)(ii), Freddie Mac may amend, supplement, revise or terminate any of
      the pricing or provisions implemented pursuant to this section in whole or in
      part, upon written notice to the Seller. 6101.3: Purchase and settlement of
      fixed-rate Cash Contracts (11/05/25) This section contains requirements related
      to: ■ Funding Date ■ Funding amount ■ Interest paid to the Servicer in connection
      with Mortgage funding (a) Funding Date By the close of business on the Purchase
      Contract Expiration Date, the Seller must have completed all the requirements
      for the sale of the Mortgages to Freddie Mac. Sellers may request a specific
      Funding Date for each of the Mortgages sold under a Mandatory Cash or Best Efforts
      Contract or may elect to have funding occur as soon as practicable after the
      requirements for sale of the Mortgages to Freddie Mac have been met (“ASAP funding”).
      (b) Funding amount As each Mortgage funds, Freddie Mac will pay the Seller the
      amount calculated by multiplying the price specified in the cash Purchase Contract
      by the UPB of the Mortgage. If a Mortgage is subject to Credit Fees or credits
      for Credit Fees, Freddie Mac will: ■ Net the fee or credit amounts against the
      amount paid to the Seller ■ Reflect any subsequent change to Credit Fees and
      credits for Credit Fees on the Seller’s monthly invoice (c) Interest paid to
      the Servicer in connection with Mortgage funding In connection with the Mortgage
      funding, Freddie Mac will determine the amount of interest to pay the Servicer
      on each Mortgage by computing the interest on the UPB of the Mortgage Freddie
      Mac Single-Family Seller/Servicer Guide Chapter 6101 As of 12/17/25 Page 6101-10
      from the first day of the Funding Date month through the day before the Funding
      Date using the Accounting Net Yield (ANY). Thereafter, Freddie Mac will compensate
      the Servicer in an amount equal to the Servicing Spread for each Mortgage and
      authorizes the Servicer to retain the Servicing Spread out of the interest payments
      made by the Borrower, and the Servicer will remit the ANY to Freddie Mac. 6101.4:
      Servicing options and remittance cycle for fixed-rate Cash Contracts (11/05/25)
      This section contains requirements related to: ■ Servicing options for fixed-rate
      Cash Contracts ■ Remittance cycle for fixed-rate Cash Contracts ■ Minimum Contract
      Servicing Spread for fixed-rate Cash Contracts (a) Servicing options for fixed-rate
      Cash Contracts Subject to approval and conditions set by Freddie Mac, the Seller
      may sell fixed-rate Mortgages under Cash using one of the following Servicing
      options: ■ Servicing retained: The Seller sells the Mortgage to Freddie Mac
      and agrees to service the Mortgages in accordance with the Guide and applicable
      Purchase Documents ■ Concurrent Transfer of Servicing: The Seller sells the
      Mortgage to Freddie Mac and agrees to service the Mortgages in accordance with
      the Guide and applicable Purchase Documents and concurrently engages in a Transfer
      of Servicing initiated by the Seller to a Transferee Servicer with the Mortgage
      purchase and the Transfer of Servicing occurring on the Settlement Date. The
      Servicer selected by the Seller must be a Freddie Mac-approved Servicer eligible
      to service the particular Mortgage, and Freddie Mac must approve the Transfer
      of Servicing in accordance with Chapter 7101. See Section 6302.51 for additional
      information regarding delivery requirements for Mortgages sold servicing-released
      under Mandatory Cash Contracts or Best Efforts Contracts. ■ Cash-Released XChange®:
      The Seller sells the Mortgage servicing-released in accordance with the requirements
      of Section 6101.5 (b) Remittance cycle for fixed-rate Cash Contracts Freddie
      Mac Single-Family Seller/Servicer Guide Chapter 6101 As of 12/17/25 Page 6101-11
      The remittance cycle that applies to Mortgages sold under a Mandatory Cash Contract
      or Best Efforts Contract is the Standard Remittance Cycle. The price that the
      Seller receives for the Mortgages under a Mandatory Cash Contract or Best Efforts
      Contract will reflect the Standard Remittance Cycle. (c) Minimum Contract Servicing
      Spread for fixed-rate Cash Contracts The Servicing Spread applicable to any
      individual Mortgage delivered pursuant to a specific Purchase Contract may be
      greater than or equal to, but not less than, the Minimum Contract Servicing
      Spread selected by the Seller for that specific Purchase Contract. The Minimum
      Contract Servicing Spread is selected by the Seller when taking out a Purchase
      Contract and is applicable to all the Mortgages delivered pursuant to that specific
      Purchase Contract. The Minimum Contract Servicing Spread must be equal to or
      greater than the Minimum Servicing Spread. For fixed-rate Cash, the Minimum
      Contract Servicing Spread: ■ Must be at least 0.250% and may not exceed 0.500%
      and ■ Must equal 0.250% for Mortgages sold through Cash-Released XChange For
      Mortgages with annual or monthly premium lender-paid mortgage insurance, the
      Seller must select a Minimum Contract Servicing Spread that is sufficient to
      ensure that the Servicer receives the Minimum Servicing Spread plus the amount
      necessary to pay the mortgage insurance premium when due. Refer to Section 4701.2(b)
      for special eligibility requirements for Mortgages with lender-paid mortgage
      insurance. 6101.5: Requirements for fixed-rate Cash Contracts through Cash-Released
      XChange® (12/17/25) This section contains requirements related to: ■ Cash-Released
      XChange® overview ■ Cash-Released XChange pricing ■ Availability of servicing-released
      prices ■ Funding adjustments and net funding ■ Identification of Transferee
      Servicers Freddie Mac Single-Family Seller/Servicer Guide Chapter 6101 As of
      12/17/25 Page 6101-12 ■ Excluding Transferee Servicers ■ Authorization to disclose
      the Seller’s identity ■ Servicer’s rights to screen out the Seller ■ Late fees
      ■ Warranties ■ Document custody (a) Cash-Released XChange overview When Mortgages
      are sold under a Mandatory Cash or Best Efforts Contract through Cash- Released
      XChange®, Freddie Mac arranges for a Transferee Servicer, as identified by Freddie
      Mac, to accept a Concurrent Transfer of Servicing from the Seller at the time
      the Seller sells the Mortgage to Freddie Mac. The requirements applicable to
      the sale of Mortgages through Cash-Released XChange are set forth in this chapter
      and Exhibit 28A, Loan Servicing Purchase and Sale Agreement for Cash-Released
      XChange®. Sellers approved to sell eMortgages may sell these Mortgages through
      Cash-Released XChange and must comply with the requirements of Chapter 1402
      and the Seller’s other Purchase Documents. The Seller agrees to, and shall comply
      with, the terms of Exhibit 28A, which include, but are not limited to, requirements
      for the Seller and for each Transferee Servicer. The price the Seller receives
      for the Mortgages sold servicing- released reflects the Standard Remittance
      Cycle. See Section 6101.4(c) for the applicable Minimum Contract Servicing Spread.
      A Seller must apply to Freddie Mac for approval and access to participate in
      Cash-Released XChange. If Freddie Mac determines that the Seller is eligible
      to participate in Cash- Released XChange, Freddie Mac will approve the Seller’s
      use of and provide appropriate access to Cash-Released XChange. The Seller must
      call their Freddie Mac representative or 800-FREDDIE to inquire about the approval
      process. Freddie Mac reserves the right, upon notice to: ■ Limit the aggregate
      UPB of all Mortgages that a Seller may sell to Freddie Mac through Cash-Released
      Xchange ■ Impose any additional requirements with respect to Cash-Released XChange,
      or Freddie Mac Single-Family Seller/Servicer Guide Chapter 6101 As of 12/17/25
      Page 6101-13 ■ Suspend or terminate the Seller’s ability to sell Mortgages to
      Freddie Mac through Cash- Released XChange. (b) Cash-Released XChange pricing
      The price provided by Freddie Mac to the Seller under a Mandatory Cash Contract
      or Best Efforts Contract through Cash-Released XChange includes: ■ The price
      offered by Freddie Mac for the purchase of the Mortgage(s), and ■ The price
      offered by the Transferee Servicer for the Servicing Contract Rights related
      to each Mortgage Prices and fees provided when the Seller enters into a Mandatory
      Cash Contract or a Best Efforts Contract through Cash-Released XChange are not
      final; instead, they are determined as of the Funding Date and reflect the Mortgage
      data provided by the Seller. Note: The price will not include late fees that
      must be paid to Freddie Mac pursuant to Section 6101.5(i) below or to the Transferee
      Servicer as provided in Exhibit 28A. Such additional late fees include fees
      for late delivery of documents to the Transferee Servicer and fees for failure
      to transfer or reconcile funds in a timely manner. (c) Availability of servicing-released
      prices Only fixed-rate Mortgages for which Loan Selling Advisor® provides a
      servicing-released price may be sold servicing-released under a Mandatory Cash
      Contract or Best Efforts Contract. Not all Transferee Servicers will provide
      a bid for the assumption of Servicing Contract Rights for certain Mortgages.
      If no Transferee Servicer provides a bid for the assumption of Servicing Contract
      Rights for certain Mortgages, then Cash-Released XChange is not available for
      these Mortgages, which may otherwise be eligible for sale to Freddie Mac. The
      Seller must supply all Mortgage data requested by Loan Selling Advisor (in the
      fields titled “Loan Fields Required for Pricing” and “Additional Loan Fields
      That Affect Pricing”) so that a Transferee Servicer may provide an accurate
      bid for the assignment and assumption of the Servicing Contract Rights. Failure
      to provide all Mortgage data requested by Loan Selling Advisor may result in
      a subsequent rescission of the Transferee Servicer’s bid. In that event, if
      there is no alternative Servicing bid and the Mortgage has been allocated to
      a Mandatory Cash Contract, the Seller will be subject to a pairoff fee as provided
      in Section 6401.1. (d) Funding adjustments and net funding Funding adjustments
      are comprised of the Escrow funds, interest adjustment, Servicing Spread, tax
      service fee, transaction fee and temporary subsidy buydown funds. The amount
      of funding adjustments will be identified on the Funding Date as follows: Freddie
      Mac Single-Family Seller/Servicer Guide Chapter 6101 As of 12/17/25 Page 6101-14
      ■ The Seller enters in Loan Selling Advisor the amounts held as Escrow funds
      and temporary subsidy buydown funds for each Mortgage sold servicing-released,
      and ■ Loan Selling Advisor calculates the interest adjustment, Servicing Spread,
      tax service fee and transaction fee Refer to Section 6302.26 for additional
      information regarding delivery requirements for Mortgages sold servicing-released
      under Mandatory Cash Contracts or Best Efforts Contracts. The Seller is responsible
      for the accuracy of the Escrow fund amounts and temporary subsidy buydown fund
      amounts that the Seller submits via Loan Selling Advisor. Freddie Mac does not
      edit or validate these amounts. On the Funding Date, Freddie Mac will deduct
      the amount of the funding adjustments from the sales proceeds paid by Freddie
      Mac for the purchase of each Mortgage sold servicing-released. Freddie Mac will
      forward the deducted amount of the funding adjustments to the Transferee Servicer.
      The Seller and Transferee Servicer are responsible for any reconciliation, correction
      or adjustment to the amount of Escrow funds or temporary subsidy buydown funds
      transferred to the Transferee Servicer. Freddie Mac will not adjust, calculate,
      refund or pay any amounts with respect to the Escrow funds or temporary subsidy
      buydown funds after the Funding Date. (e) Identification of Transferee Servicers
      The Seller authorizes Freddie Mac to select Freddie Mac-approved Servicers as
      Transferee Servicers to participate in Cash-Released XChange. (f) Excluding
      Transferee Servicers Through Loan Selling Advisor, Freddie Mac will inform the
      Seller of the identity of the Transferee Servicer(s) that may offer a price
      to assume the Seller’s Servicing Contract Rights through Cash-Released XChange.
      The Seller has the right to exclude a Transferee Servicer from assuming the
      Seller’s interest in the Servicing Contract Rights for Mortgages sold servicing-released.
      Such exclusion will not apply to Mortgages sold servicing-released for which
      the Seller has already entered into a Mandatory Cash Contract or Best Efforts
      Contract before Seller excluded the Transferee Servicer. When the Seller re-prices
      a servicing-released contract, a new bid for the assumption of the Seller’s
      interest in the Servicing Contract Rights may be accepted. The Seller must verify
      the identity of the Transferee Servicer by reviewing the Contract Confirmation
      that will disclose the most current Transferee Servicer’s bid. Freddie Mac Single-Family
      Seller/Servicer Guide Chapter 6101 As of 12/17/25 Page 6101-15 If a Seller has
      excluded a Transferee Servicer under the first paragraph of this Section 6101.5(f),
      the Seller has the right to restore that Transferee Servicer’s ability to assume
      the Seller’s Servicing Contract Rights for Mortgages sold servicing-released.
      (g) Authorization to disclose the Seller’s identity The Seller authorizes Freddie
      Mac to disclose and identify any Transferee Servicer or potential Transferee
      Servicer that the Seller is an eligible Seller of Mortgages and Transferor Servicer
      for the related Transfer of Servicing Contract Rights through Cash-Released
      XChange. In addition, Freddie Mac may, in its discretion, disclose the following
      information to any Transferee Servicer that services Mortgages that the Seller
      has sold to Freddie Mac through Cash-Released XChange: ■ That the Seller is
      no longer a Freddie Mac-approved Seller/Servicer ■ That the Seller is no longer
      eligible to sell Mortgages to Freddie Mac through Cash- Released XChange (h)
      Servicer’s rights to screen out the Seller The Seller acknowledges that a Transferee
      Servicer may terminate the Seller’s ability to transfer the Seller’s Servicing
      Contract Rights to such Servicer at any time without notifying the Seller. The
      Seller will have no right of action, appeal or other recourse against Freddie
      Mac and releases all claims it may have against Freddie Mac and/or the Servicer
      in connection with such termination. (i) Late fees Freddie Mac may, in its sole
      discretion, charge the Seller a late fee of up to $500 for each Mortgage for
      which the Seller: ■ Fails to comply with the requirements in Section 4.2 of
      Exhibit 28A ■ Incorrectly identifies all funding adjustments or fails to reconcile
      with the Transferee Servicer all funding adjustments as required in Section
      6101.5(d) or as required in Section 5.1 of Exhibit 28A These late fees are in
      addition to any fees that the Seller may be required to pay the Servicer as
      provided in Exhibit 28A. (j) Warranties Freddie Mac Single-Family Seller/Servicer
      Guide Chapter 6101 As of 12/17/25 Page 6101-16 For Mortgages sold through Cash-Released
      XChange under a Mandatory Cash Contract or Best Efforts Contract, the Seller
      remains solely liable to Freddie Mac for all sale representations, covenants
      and warranties in the Purchase Documents (the “sale representations and warranties”)
      of the Mortgages for which the related Servicing Contract Rights are assigned
      to the Transferee Servicer. The Transferee Servicer is liable to Freddie Mac
      for all Servicing duties, obligations, responsibilities, representations, covenants,
      warranties, agreements and related liabilities in the Purchase Documents with
      respect to the Mortgages related to the Concurrent Transfer of Servicing. See
      Sections 7101.3(c), (d), (e) and (f) for liabilities with respect to Subsequent
      Transfers of Servicing of these Mortgages. Freddie Mac will conduct quality
      control activities relating to the sale representations and warranties with
      the Seller. The Seller agrees that Freddie Mac may share information with the
      Transferee Servicer regarding the Mortgages sold to Freddie Mac servicing-released,
      including, but not limited to, quality control findings, the Seller’s response
      to quality control findings and defect reports. (k) Document custody Sellers
      are required to deliver the Notes for Mortgages other than eMortgages that are
      sold through Cash-Released XChange to a Document Custodian listed in Exhibit
      43, Cash- Released XChange® Document Custodians. See Section 2202.2(c) for the
      document custody requirements for Mortgages sold through Cash-Released XChange.
      See Chapter 1402, Directory 4 and the Seller’s other Purchase Documents for
      the document custody requirements for eMortgages sold through Cash-Released
      XChange. Freddie Mac Single-Family Seller/Servicer Guide Chapter 6102 As of
      11/05/25 Page 6102-1 Chapter 6102: ARM Cash'
  judgment: false
