source:
  type: regulation
  id: fhlmc-8103
  authority: "Freddie Mac Single-Family Seller/Servicer Guide Chapter 8103 — Servicer Accounting and Application of Payments"
  description: 'Chapter 8103 of the Freddie Mac Single-Family Seller/Servicer Guide

    establishes Servicer fiscal responsibilities, Mortgage accounting

    records and methods, accounting with respect to delinquency relief,

    and the application of mortgage payments. NOTE: actual title in the

    Freddie Guide is "Servicer Accounting and Application of Payments",

    not "Servicer''s Use of Third Parties".

    '
obligations:
- id: fhlmc-8103-permanent-mortgage-accounting-records
  canonical_id: fhlmc-8103-permanent-mortgage-accounting-records
  section: "Freddie Mac Guide Section 8103.2(a)(i) — Permanent records"
  description: '[LENDER] must maintain permanent Mortgage accounting records for each

    Mortgage sold to Freddie Mac, and those records must contain the

    complete Freddie Mac nine-digit loan number assigned to the Mortgage.

    '
  type: maintain
  audit_question: Can [LENDER] evidence that permanent Mortgage accounting records are maintained for every Mortgage sold to Freddie Mac, each tagged with the complete Freddie Mac nine-digit loan number?
  workflow_phase: servicing
  owner_role: compliance_officer
  secondary_owner_role: default_servicing_analyst
  cadence: continuous
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - fhlmc
  - freddie-mac
  - servicing-guide
  - accounting
  - recordkeeping
  - promoted
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide Section 8103.2(a)(i)
    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: The Servicer must maintain permanent Mortgage accounting records for each Mortgage
    drafter_attestation: Copied verbatim from Freddie Mac Guide snapshot 5869ee9e606cd4ae (Chapter 8103) at 2026-05-22.
  promoted_at: '2026-05-23T00:41:38+00:00'
  promoted_from: fhlmc-8103-roundb-v1.yaml
  program_review: Does the program ensure permanent Mortgage accounting records exist for every Mortgage sold to Freddie Mac, each tagged with the complete nine-digit FHLMC loan number?
  file_review: Sample sold loans; confirm permanent accounting records exist and carry the nine-digit loan number.
  judgment: false
- id: fhlmc-8103-gaap-accounts-audit-anytime
  canonical_id: fhlmc-8103-gaap-accounts-audit-anytime
  section: "Freddie Mac Guide Section 8103.2(a)(iii) — Accounting principles"
  description: '[LENDER] must maintain the accounts and records for Freddie Mac-owned

    Mortgages according to sound and generally accepted accounting

    principles in a manner that permits Freddie Mac''s representatives or

    designees to examine and audit these accounts and records at any time.

    '
  type: maintain
  audit_question: Can [LENDER] evidence that accounts and records for Freddie Mac-owned Mortgages are kept under sound and generally accepted accounting principles, and are accessible for examination and audit by Freddie Mac's representatives or designees at any time?
  workflow_phase: servicing
  owner_role: compliance_officer
  secondary_owner_role: default_servicing_analyst
  cadence: continuous
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - fhlmc
  - freddie-mac
  - servicing-guide
  - accounting
  - gaap
  - audit-rights
  - promoted
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide Section 8103.2(a)(iii)
    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: The Servicer must maintain the accounts and records for Freddie Mac-owned Mortgages
    drafter_attestation: Copied verbatim from Freddie Mac Guide snapshot 5869ee9e606cd4ae (Chapter 8103) at 2026-05-22.
  promoted_at: '2026-05-23T00:41:38+00:00'
  promoted_from: fhlmc-8103-roundb-v1.yaml
  program_review: Does the program keep accounts/records for Freddie-owned Mortgages under sound GAAP, in a manner permitting Freddie Mac examination and audit at any time?
  file_review: Review the accounting records for GAAP conformance and audit accessibility.
  judgment: false
- id: fhlmc-8103-no-payment-deficiency-from-late-charge
  canonical_id: fhlmc-8103-no-payment-deficiency-from-late-charge
  section: "Freddie Mac Guide Section 8103.3(b) — Differences in collection of payments"
  description: '[LENDER] must not create a payment deficiency by deducting a late

    charge from the regular monthly payment.

    '
  type: dont
  audit_question: Can [LENDER] evidence that no payment deficiency was created on any Freddie Mac-owned Mortgage by deducting a late charge from the regular monthly payment?
  workflow_phase: servicing
  owner_role: compliance_officer
  secondary_owner_role: escrow_analyst
  cadence: continuous
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - fhlmc
  - freddie-mac
  - servicing-guide
  - payment-application
  - late-charges
  - promoted
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide Section 8103.3(b)
    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: must not create a payment deficiency by deducting a late charge from the regular monthly
    drafter_attestation: Copied verbatim from Freddie Mac Guide snapshot 5869ee9e606cd4ae (Chapter 8103) at 2026-05-22.
  promoted_at: '2026-05-23T00:41:38+00:00'
  promoted_from: fhlmc-8103-roundb-v1.yaml
  program_review: Does the program prevent creating a payment deficiency by deducting a late charge from the regular monthly payment?
  file_review: Sample payment-application records; confirm no late charge was deducted from a regular monthly payment to create a deficiency.
  judgment: false
_promotion_history:
- promoted_at: '2026-05-23T00:41:38+00:00'
  candidate_path: obligations\_remediation\_round_b_drafts\fhlmc-8103-roundb-v1.yaml
  candidates_promoted: 3
  candidates_skipped_existing: 0
