source:
  type: regulation
  id: fhlmc-9601
  authority: "Freddie Mac Single-Family Seller/Servicer Guide Chapter 9601 — Deficiency Recovery"
  description: 'Chapter 9601 of the Freddie Mac Single-Family Seller/Servicer Guide

    governs deficiency recovery and management: working with vendors to

    collect deficiencies, assigning deficiency rights after the

    foreclosure sale, and charging off the deficiency. NOTE: actual

    title is "Deficiency Recovery", not "Property Inspection/Preservation".

    '
obligations:
- id: fhlmc-9601-no-deficiency-assignment-to-mi-third-party
  canonical_id: fhlmc-9601-no-deficiency-assignment-to-mi-third-party
  section: "Freddie Mac Guide Section 9601.1(b) — Assigning deficiency rights after the foreclosure sale"
  description: 'If the Mortgage has mortgage insurance and is not covered by any

    other credit enhancement, [LENDER] must not execute any assignment

    of the right to pursue a deficiency or assignment of a deficiency

    judgment to an MI or a third party; those documents must be sent

    directly to Freddie Mac.

    '
  type: dont
  audit_question: Can [LENDER] evidence that, for every Freddie Mac-serviced Mortgage with mortgage insurance and no other credit enhancement, no assignment of the right to pursue a deficiency or of a deficiency judgment was executed to an MI or third party, and that such documents were sent directly to Freddie Mac?
  workflow_phase: servicing
  owner_role: default_servicing_analyst
  secondary_owner_role: compliance_officer
  cadence: per-foreclosure-event
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - fhlmc
  - freddie-mac
  - servicing-guide
  - deficiency-recovery
  - deficiency-assignment
  - promoted
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide Section 9601.1(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: the Servicer must not execute any assignment of the right to pursue a deficiency or
    drafter_attestation: Copied verbatim from Freddie Mac Guide snapshot 5869ee9e606cd4ae (Chapter 9601) at 2026-05-22.
  promoted_at: '2026-05-23T01:11:58+00:00'
  promoted_from: fhlmc-9601-roundb-v1.yaml
  program_review: Does the program ensure that for an MI loan with no other credit enhancement, no assignment of the right to pursue a deficiency or of a deficiency judgment is executed to an MI/third party, and that such documents go directly to Freddie Mac?
  file_review: For MI-only post-sale files, confirm no deficiency-rights assignment to an MI/third party and that documents were sent to Freddie Mac.
  judgment: false
- id: fhlmc-9601-review-draft-report-report-discrepancies
  canonical_id: fhlmc-9601-review-draft-report-report-discrepancies
  section: "Freddie Mac Guide Section 9601.1(c) — Reviewing and reporting Draft Report discrepancies"
  description: '[LENDER] must review the Draft Report and report any discrepancies

    between its records and the amount on the Draft Report to Freddie Mac

    via the Freddie Mac Servicing Data Corrections tool within 30 calendar

    days following Freddie Mac''s posting of the amount to the Draft

    Report.

    '
  type: do
  audit_question: Can [LENDER] evidence that, for every Draft Report posted by Freddie Mac with a charge-off amount, the report was reviewed and any discrepancies were reported via the Servicing Data Corrections tool within 30 calendar days?
  workflow_phase: servicing
  owner_role: default_servicing_analyst
  secondary_owner_role: compliance_officer
  cadence: per-draft-report
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - fhlmc
  - freddie-mac
  - servicing-guide
  - deficiency-recovery
  - charge-off
  - 30-day
  - discrepancy-reporting
  - promoted
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide Section 9601.1(c)
    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 review the Draft Report and report any discrepancies between its
    drafter_attestation: Copied verbatim from Freddie Mac Guide snapshot 5869ee9e606cd4ae (Chapter 9601) at 2026-05-22.
  promoted_at: '2026-05-23T01:11:58+00:00'
  promoted_from: fhlmc-9601-roundb-v1.yaml
  program_review: Does the program ensure each Freddie Mac Draft Report is reviewed and any record-vs-amount discrepancies are reported via the Servicing Data Corrections tool within 30 calendar days of posting?
  file_review: For posted Draft Reports, confirm review and any discrepancy reporting within 30 calendar days.
  judgment: false
  feeds:
  - fhlmc-9601-document-discrepancy-calculation-and-support
- id: fhlmc-9601-document-discrepancy-calculation-and-support
  canonical_id: fhlmc-9601-document-discrepancy-calculation-and-support
  section: "Freddie Mac Guide Section 9601.1(c) — Discrepancy calculation and supporting documentation"
  description: 'When reporting a discrepancy on a Freddie Mac Draft Report, [LENDER]

    must input the calculation used to determine the variance and upload

    any documentation to support the request in the Servicing Data

    Corrections tool.

    '
  type: do
  audit_question: Can [LENDER] evidence that, for every discrepancy it reported on a Freddie Mac Draft Report, the calculation supporting the variance and the supporting documentation were uploaded to the Servicing Data Corrections tool?
  workflow_phase: servicing
  owner_role: default_servicing_analyst
  secondary_owner_role: compliance_officer
  cadence: per-discrepancy-report
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - fhlmc
  - freddie-mac
  - servicing-guide
  - deficiency-recovery
  - discrepancy-documentation
  - promoted
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide Section 9601.1(c)
    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: When reporting a discrepancy, Servicers must input the calculation used to determine the
    drafter_attestation: Copied verbatim from Freddie Mac Guide snapshot 5869ee9e606cd4ae (Chapter 9601) at 2026-05-22.
  promoted_at: '2026-05-23T01:11:58+00:00'
  promoted_from: fhlmc-9601-roundb-v1.yaml
  program_review: Does the program ensure each reported Draft Report discrepancy includes the variance calculation and supporting documentation uploaded to the Servicing Data Corrections tool?
  file_review: For reported discrepancies, confirm the calculation and supporting documentation were uploaded.
  judgment: false
_promotion_history:
- promoted_at: '2026-05-23T01:11:58+00:00'
  candidate_path: obligations\_remediation\_round_b_drafts\fhlmc-9601-roundb-v1.yaml
  candidates_promoted: 3
  candidates_skipped_existing: 0
