source:
  type: regulation
  id: fhlmc-6204.2
  authority: Freddie Mac Single-Family Seller/Servicer Guide §6204.2 — WAC ARM Guarantor Contract requirements (11/05/25)
  description: "Freddie Mac Guide §6204.2 (WAC ARM Guarantor Contract requirements). Gap-fill (verbatim, ID-diff).\
    \ \n"
obligations:
- id: fhlmc-6204.2-0
  canonical_id: fhlmc-6204.2-0
  section: Freddie Mac Guide 6204.2
  description: '6204.2 WAC ARM Guarantor Contract requirements: (11/05/25) This section contains requirements related
    to: ■ Offer procedures for WAC ARM Guarantor Contracts'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6204.2 — WAC ARM Guarantor Contract requirements
      (11/05/25)
    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: '(11/05/25) This section contains requirements related to: ■ Offer procedures for WAC ARM Guarantor
      Contracts'
    drafter_attestation: Verbatim from Freddie Guide §6204.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-6204.2-1
  canonical_id: fhlmc-6204.2-1
  section: Freddie Mac Guide 6204.2
  description: '6204.2 WAC ARM Guarantor Contract requirements: 204-2 ■ Purchase and sale obligations and Commitment
    Amounts for WAC ARM Guarantor Contracts (a) Offer procedures for WAC ARM Guarantor Contracts (i) Settlement
    Date and Settlement Cycle The Seller may take out one or more WAC ARM Guarantor Contracts each Business Day.
    When takin…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6204.2 — WAC ARM Guarantor Contract requirements
      (11/05/25)
    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: '204-2 ■ Purchase and sale obligations and Commitment Amounts for WAC ARM Guarantor Contracts
      (a) Offer procedures for WAC ARM Guarantor Contracts (i) Settlement Date and Settlement Cycle The Seller may
      take out one or more WAC ARM Guarantor Contracts each Business Day. When taking out a WAC ARM Guarantor Contract,
      the Seller must select: ■ A Settlement Date that is a Business Day on or before the latest Settlement Date
      associated with the applicable Pricing Identifier (i.e., the Pricing Identifier Expiration Date) ■ A 2-, 3-,
      4- or 5-day Settlement Cycle or, for early pool disclosure, a 6- to 15-day Settlement Cycle The underlying
      Mortgages allocated to a WAC ARM Guarantor Contract must have an aggregate UPB of at least $500,000. See Section
      6202.4 for additional information on aggregate UPB limitations for specific types of ARMs. (ii) Changes to
      Settlement Date The Seller may change the Settlement Date provided that the Settlement Cycle has not commenced.
      The new Settlement Date must be a Business Day on or before the latest Settlement Date associated with the
      applicable Pricing Identifier. It is also possible to change the Final Delivery Date. For Sellers that have
      selected a 6- to 15-day Settlement Cycle: ■ Mortgage(s) may be removed from the early pool disclosure contract
      due to the Mortgage(s) being paid if the Settlement Cycle has commenced and the removal occurs 48 hours prior
      to the Settlement Date ■ If any Mortgages are removed, Sellers must still meet the Swap Disclosure and Pooling
      requirements of Chapter 6202 ■ To submit a request for a Mortgage to be removed, Sellers should contact Customer
      Service at 800-FREDDIE (iii) Gold Rush fee If the Seller selects a 2-, 3- or 4-day Settlement Cycle, the Seller
      will be assessed a Gold Rush® fee, to be paid in accordance with Section 6303.2(a).'
    drafter_attestation: Verbatim from Freddie Guide §6204.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-6204.2-2
  canonical_id: fhlmc-6204.2-2
  section: Freddie Mac Guide 6204.2
  description: '6204.2 WAC ARM Guarantor Contract requirements: 204-3 Gold Rush fee rates are: ■ Expressed in basis
    points ■ Applied to the aggregate UPB of the Mortgages allocated to the WAC ARM Guarantor Contract funded by
    Freddie Mac on the requested Settlement Date ■ Subject to change on a monthly basis ■ Available through Loan
    Selling Ad…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6204.2 — WAC ARM Guarantor Contract requirements
      (11/05/25)
    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: '204-3 Gold Rush fee rates are: ■ Expressed in basis points ■ Applied to the aggregate UPB
      of the Mortgages allocated to the WAC ARM Guarantor Contract funded by Freddie Mac on the requested Settlement
      Date ■ Subject to change on a monthly basis ■ Available through Loan Selling Advisor® on the Guarantor Rate
      Sheet results screen under the Credit Fees section (iv) Delivery/contract cancelation Delivery under a WAC
      ARM Guarantor Contract is optional. The Seller may cancel a WAC ARM Guarantor Contract in Loan Selling Advisor
      until 8:00 p.m. Eastern time on the Business Day immediately preceding the Settlement Date. (b) Purchase and
      sale obligations and Commitment Amounts for WAC ARM Guarantor Contracts (i) Purchase and sale obligations
      The Seller makes an offer to sell Mortgages to Freddie Mac when the Seller enters the required data into Loan
      Selling Advisor to take out a WAC ARM Guarantor Contract. A binding contract is created when the Seller accepts
      the WAC ARM Guarantor Contract’s terms and conditions made available to the Seller by Freddie Mac in Loan
      Selling Advisor. (ii) Commitment Amounts The Seller must monitor the aggregate UPB of all Mortgages the Seller
      delivers to Freddie Mac under Pricing Identifier Terms to ensure that the Commitment Amount tolerance is not
      exceeded.'
    drafter_attestation: Verbatim from Freddie Guide §6204.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-6204.2-3
  canonical_id: fhlmc-6204.2-3
  section: Freddie Mac Guide 6204.2
  description: '6204.2 WAC ARM Guarantor Contract requirements: Purchase and settlement requirements for Mortgages
    sold through Loan Selling Advisor® under the WAC ARM Guarantor program (12/17/25) This section contains requirements
    related to: ■ Purchase requirements for Mortgages sold through Loan Selling Advisor® under the WAC ARM Guarantor…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6204.2 — WAC ARM Guarantor Contract requirements
      (11/05/25)
    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: 'Purchase and settlement requirements for Mortgages sold through Loan Selling Advisor® under
      the WAC ARM Guarantor program (12/17/25) This section contains requirements related to: ■ Purchase requirements
      for Mortgages sold through Loan Selling Advisor® under the WAC ARM Guarantor program'
    drafter_attestation: Verbatim from Freddie Guide §6204.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-6204.2-4
  canonical_id: fhlmc-6204.2-4
  section: Freddie Mac Guide 6204.2
  description: '6204.2 WAC ARM Guarantor Contract requirements: 204-4 ■ Providing data for Mortgages sold through
    Loan Selling Advisor under the WAC ARM Guarantor program ■ Wire transfer instructions/delivery of ARM PCs for
    Mortgages sold through Loan Selling Advisor under the WAC ARM Guarantor program (a) Purchase requirements for
    Mortgages …'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6204.2 — WAC ARM Guarantor Contract requirements
      (11/05/25)
    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: '204-4 ■ Providing data for Mortgages sold through Loan Selling Advisor under the WAC ARM Guarantor
      program ■ Wire transfer instructions/delivery of ARM PCs for Mortgages sold through Loan Selling Advisor under
      the WAC ARM Guarantor program (a) Purchase requirements for Mortgages sold through Loan Selling Advisor under
      the WAC ARM Guarantor program ARMs eligible for sale to Freddie Mac under the WAC ARM Guarantor program must
      be non-convertible first lien Mortgages that fully amortize with an original maturity not exceeding 30 years.
      See Chapter 4401 for additional information regarding the eligibility requirements for ARMs sold to Freddie
      Mac. In addition, ARMs eligible for sale under the WAC ARM Guarantor program: ■ Must be sold in accordance
      with the WAC ARM Guarantor Contract ■ Must have a Margin that is at least the sum of the Credit Fee in Yield
      plus the Minimum Contract Servicing Spread, which includes, for Mortgages with annual or monthly premium lender-paid
      mortgage insurance, the amount necessary to pay the lender-paid mortgage insurance premium when due Nothing
      herein affects the provisions set forth in: ■ Chapter 6201 related to the Guarantor and MultiLender Swap programs
      ■ Chapter 6202 related to Swap disclosure and pooling requirements (b) Providing data for Mortgages sold through
      Loan Selling Advisor under the WAC ARM Guarantor program The Seller must provide the data for all Mortgages
      sold under the WAC ARM Guarantor program by: ■ Importing the required data into Loan Selling Advisor ■ Importing
      the relevant Loan Product Advisor® data, based on the Key Number, into Loan Selling Advisor, or ■ Manually
      entering the loan data for each Mortgage into Loan Selling Advisor The Seller must then allocate those Mortgages
      to a WAC ARM Guarantor Contract.'
    drafter_attestation: Verbatim from Freddie Guide §6204.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-6204.2-5
  canonical_id: fhlmc-6204.2-5
  section: Freddie Mac Guide 6204.2
  description: '6204.2 WAC ARM Guarantor Contract requirements: 204-5 Loan Selling Advisor will automatically assign
    Freddie Mac loan numbers to Mortgages sold under the WAC ARM Guarantor program. (c) Wire transfer instructions/delivery
    of ARM PCs for Mortgages sold through Loan Selling Advisor under the WAC ARM Guarantor program (i) Wire ins…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6204.2 — WAC ARM Guarantor Contract requirements
      (11/05/25)
    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: '204-5 Loan Selling Advisor will automatically assign Freddie Mac loan numbers to Mortgages
      sold under the WAC ARM Guarantor program. (c) Wire transfer instructions/delivery of ARM PCs for Mortgages
      sold through Loan Selling Advisor under the WAC ARM Guarantor program (i) Wire instructions management The
      Seller must assign and manage their wire instructions for Mortgages sold under the WAC ARM Guarantor program
      through Loan Selling Advisor as required by Section 6201.3(b). (A) Employees authorized to provide wire instructions
      Pursuant to Section 2403.2(b), the Seller must provide information to Freddie Mac regarding authorized Loan
      Selling Advisor users and their designated user roles. Any employee or employees designated to perform the
      Setup Manager Role on the Seller’s behalf must be designated by the Seller as one of the employees authorized
      to provide Freddie Mac with instructions (or modify instructions) to transfer funds or securities on the Seller’s
      behalf in connection with the sale of Mortgages to Freddie Mac. This designation must be documented using
      the following forms, as applicable: ■ Form 988SF, Certificate of Incumbency for a Bank, Savings Bank, Savings
      and Loan Association, Credit Union, Corporation or Limited Liability Company, or ■ Form 989SF, Certificate
      of Incumbency for Limited Partnerships See Section 2201.1 for additional information regarding certificate
      of incumbency requirements. (B) Timing for completion of wire instructions In order for the WAC ARM Guarantor
      Contract to enter the Settlement Cycle, wiring instructions must be completed in Loan Selling Advisor no later
      than 8:00 p.m. Eastern time on the Final Delivery Date. If changes need to be made to the wire instructions,
      the Seller must provide the revised wire transfer instructions in Loan Selling Advisor no later than 8:00
      p.m. Eastern time on the last Business Day before the Settlement Date. (C) Additional Warehouse Lender requirement
      to submit Form 996E, Warehouse Provider Release and Transfer'
    drafter_attestation: Verbatim from Freddie Guide §6204.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-6204.2-6
  canonical_id: fhlmc-6204.2-6
  section: Freddie Mac Guide 6204.2
  description: '6204.2 WAC ARM Guarantor Contract requirements: 204-6 In addition to the completion of wiring instructions,
    if Pledged Mortgages are allocated to a contract, the Warehouse Lender must submit Form 996E through Loan Selling
    Advisor by no later than 8:00 p.m. Eastern time on the Final Delivery Date. However, the Seller may revise…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6204.2 — WAC ARM Guarantor Contract requirements
      (11/05/25)
    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: 204-6 In addition to the completion of wiring instructions, if Pledged Mortgages are allocated
      to a contract, the Warehouse Lender must submit Form 996E through Loan Selling Advisor by no later than 8:00
      p.m. Eastern time on the Final Delivery Date. However, the Seller may revise and resubmit Form 996E by 12:30
      p.m. Eastern time the last Business Day before the Settlement Date if the wire instructions change.
    drafter_attestation: Verbatim from Freddie Guide §6204.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-6204.2-7
  canonical_id: fhlmc-6204.2-7
  section: Freddie Mac Guide 6204.2
  description: '6204.2 WAC ARM Guarantor Contract requirements: Remittance cycle and Servicing Spreads for Mortgages
    sold through Loan Selling Advisor® under the WAC ARM Guarantor program (12/03/25) This section contains requirements
    related to: ■ Remittance cycle ■ Servicing Spread Information and requirements relating to the remittance cycl…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6204.2 — WAC ARM Guarantor Contract requirements
      (11/05/25)
    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: 'Remittance cycle and Servicing Spreads for Mortgages sold through Loan Selling Advisor® under
      the WAC ARM Guarantor program (12/03/25) This section contains requirements related to: ■ Remittance cycle
      ■ Servicing Spread Information and requirements relating to the remittance cycle and Servicing Spreads applicable
      to Mortgages sold under the WAC ARM Guarantor program are those set forth in Chapter 6201 as amended or supplemented
      by this chapter or Loan Selling Advisor®. (a) Remittance cycle The Standard Remittance Cycle applies to Mortgages
      sold under a WAC ARM Guarantor Contract. (b) Servicing Spreads (i) Servicing Spread requirements In Loan Selling
      Advisor, Minimum Required Servicing Spread means Minimum Contract Servicing Spread as that term is defined
      in the Guide. The Minimum Contract Servicing Spread for each ARM in a WAC ARM Guarantor Contract must be at
      least 0.250% and: ■ May not exceed 2.00% ■ For ARMs with lender-paid mortgage insurance that have annual or
      monthly renewal premiums, include the amount necessary to pay the mortgage insurance premium when due (ii)
      Servicing Spread selection For ARMs sold under the WAC ARM Guarantor program, the Seller selects three discrete
      Minimum Contract Servicing Spreads:'
    drafter_attestation: Verbatim from Freddie Guide §6204.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-6204.2-8
  canonical_id: fhlmc-6204.2-8
  section: Freddie Mac Guide 6204.2
  description: '6204.2 WAC ARM Guarantor Contract requirements: 204-7 ■ Minimum coupon servicing spread ■ Minimum
    margin servicing spread ■ Minimum lifetime ceiling servicing spread Subject to the requirements of Section 6201.4(b)(iii),
    the Seller may select the same or a different value for any of the three discrete Minimum Contract Servicin…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6204.2 — WAC ARM Guarantor Contract requirements
      (11/05/25)
    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: 204-7 ■ Minimum coupon servicing spread ■ Minimum margin servicing spread ■ Minimum lifetime
      ceiling servicing spread Subject to the requirements of Section 6201.4(b)(iii), the Seller may select the
      same or a different value for any of the three discrete Minimum Contract Servicing Spreads. When the Seller
      selects a different value for any of the three discrete Minimum Contract Servicing Spreads, the affected ARMs
      are referred to as having variable servicing spreads.
    drafter_attestation: Verbatim from Freddie Guide §6204.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-6204.2-9
  canonical_id: fhlmc-6204.2-9
  section: Freddie Mac Guide 6204.2
  description: '6204.2 WAC ARM Guarantor Contract requirements: Loan Purchase Statements and ARM PC disclosure for
    Mortgages sold through Loan Selling Advisor® under the WAC ARM Guarantor program (11/05/25) This section contains
    requirements related to: ■ Loan Purchase Statement ■ Disclosure for ARM PCs formed under the WAC ARM Guarantor
    prog…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6204.2 — WAC ARM Guarantor Contract requirements
      (11/05/25)
    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: 'Loan Purchase Statements and ARM PC disclosure for Mortgages sold through Loan Selling Advisor®
      under the WAC ARM Guarantor program (11/05/25) This section contains requirements related to: ■ Loan Purchase
      Statement ■ Disclosure for ARM PCs formed under the WAC ARM Guarantor program (a) Loan Purchase Statement
      Form 15, Loan Purchase Statement (Form 15C for WAC ARM PCs), will be accessible to the Seller in Loan Selling
      Advisor® by the first day of the Settlement Cycle. Sellers that have selected a 6- to 15- day Settlement Cycle
      and removed Mortgages from early pool disclosure, as permitted in Section 6203.2(a), should access updated
      Form 15. (b) Disclosure for ARM PCs formed under the WAC ARM Guarantor program For each Pool formed under
      the WAC ARM Guarantor program, Freddie Mac will provide a Pool Supplement that contains information about
      the Mortgages in the WAC ARM PC Pool as of the Settlement Date. The Pool supplement can be obtained: ■ On
      the Freddie Mac website (https://capitalmarkets.freddiemac.com/mbs)'
    drafter_attestation: Verbatim from Freddie Guide §6204.2 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
