source:
  type: regulation
  id: fhlmc-6201.5
  authority: Freddie Mac Single-Family Seller/Servicer Guide §6201.5 — UMBS®, MBS and ARM PCs and pool factors (12/03/25)
  description: "Freddie Mac Guide §6201.5 (UMBS®, MBS and ARM PCs and pool factors). Gap-fill (verbatim, ID-diff).\
    \ \n"
obligations:
- id: fhlmc-6201.5-0
  canonical_id: fhlmc-6201.5-0
  section: Freddie Mac Guide 6201.5
  description: '6201.5 UMBS®, MBS and ARM PCs and pool factors: (12/03/25) This section contains requirements related
    to: ■ Offering Circulars for UMBS®, MBS and ARM PCs. ■ Seller identification and disclosure by Freddie Mac (a)
    Offering Circulars for UMBS, MBS and ARM PCs UMBS and MBS are offered for sale by Freddie Mac pursuant to the
    UMBS/…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6201.5 — UMBS®, MBS and ARM PCs and pool factors
      (12/03/25)
    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: '(12/03/25) This section contains requirements related to: ■ Offering Circulars for UMBS®,
      MBS and ARM PCs. ■ Seller identification and disclosure by Freddie Mac (a) Offering Circulars for UMBS, MBS
      and ARM PCs UMBS and MBS are offered for sale by Freddie Mac pursuant to the UMBS/MBS Offering Circular, and
      ARM PCs are offered for sale by Freddie Mac pursuant to the ARM PC Offering Circular. By entering into the
      Pricing Identifier Terms, the Seller acknowledges receipt of a copy of the applicable Offering Circular. (b)
      Seller identification and disclosure by Freddie Mac Freddie Mac may handle Seller identification and information
      as follows: ■ A Seller may be identified as the Seller and/or Servicer of the Mortgages in such manner as
      Freddie Mac may determine and will generally be identified on the published monthly list of pool factors for
      the Pools formed under the Guarantor program ■ Freddie Mac may, in its sole discretion, otherwise identify
      UMBS, MBS or ARM PCs sold pursuant to this chapter as representing interests in Pools formed pursuant to the
      Guarantor or MultiLender Swap programs and release any information concerning the Mortgages, UMBS, MBS or
      ARM PCs'
    drafter_attestation: Verbatim from Freddie Guide §6201.5 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-6201.5-1
  canonical_id: fhlmc-6201.5-1
  section: Freddie Mac Guide 6201.5
  description: '6201.5 UMBS®, MBS and ARM PCs and pool factors: Guarantor and MultiLender Swap program disclosure
    and indemnification (12/03/25) This section contains requirements related to: ■ Disclosure requirements for
    UMBS®, MBS and ARM PCs ■ Indemnification for liability relating to Seller’s sale of UMBS, MBS or ARM PCs ■ UMBS,
    MBS and A…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6201.5 — UMBS®, MBS and ARM PCs and pool factors
      (12/03/25)
    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: 'Guarantor and MultiLender Swap program disclosure and indemnification (12/03/25) This section
      contains requirements related to: ■ Disclosure requirements for UMBS®, MBS and ARM PCs ■ Indemnification for
      liability relating to Seller’s sale of UMBS, MBS or ARM PCs ■ UMBS, MBS and ARM PC delivery'
    drafter_attestation: Verbatim from Freddie Guide §6201.5 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-6201.5-2
  canonical_id: fhlmc-6201.5-2
  section: Freddie Mac Guide 6201.5
  description: '6201.5 UMBS®, MBS and ARM PCs and pool factors: 201-18 (a) Disclosure requirements for UMBS, MBS
    and ARM PCs (i) Disclosure for UMBS, MBS and ARM PCs formed under the Guarantor program For each Pool formed
    under the Guarantor program, Freddie Mac will provide a Pool Supplement on its website (https://capitalmarkets.freddiemac.…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6201.5 — UMBS®, MBS and ARM PCs and pool factors
      (12/03/25)
    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: 201-18 (a) Disclosure requirements for UMBS, MBS and ARM PCs (i) Disclosure for UMBS, MBS and
      ARM PCs formed under the Guarantor program For each Pool formed under the Guarantor program, Freddie Mac will
      provide a Pool Supplement on its website (https://capitalmarkets.freddiemac.com/mbs) and via a link in Loan
      Selling Advisor® to Form 15 (Form 15A for UMBS and MBS, Form 15C for WAC ARM PCs) that contains information
      about the Mortgages in the Pool as of the Settlement Date. The Seller may also obtain a copy of the Pool Supplement
      by contacting Investor Inquiry at (800) 336-3672. In preparing the Pool Supplement, Freddie Mac relies upon
      the accuracy and completeness of the Mortgage and Servicing information provided by the Seller. If the information
      in the Pool Supplement is inaccurate or incomplete, the Seller must immediately inform Freddie Mac and provide
      Freddie Mac with any corrections necessary. Neither the Seller nor any affiliate of the Seller (as affiliate
      is defined in Rule 405, 17 CFR SEC 230.405, promulgated under the Securities Act of 1933) may make any use
      of the Pool Supplement if any information contained therein is inaccurate or incomplete. In addition to a
      Pool Supplement, Freddie Mac makes available on its website and from information vendors information about
      the Mortgages in the Pool that is updated on a monthly basis. Current information about information vendors
      may be obtained by contacting Freddie Mac (see Directory 1). (ii) Disclosure for UMBS and MBS formed under
      the MultiLender Swap program For each Pool formed under the MultiLender Swap program, Freddie Mac will make
      available on its website (https://capitalmarkets.freddiemac.com/mbs) and via a link in Loan Selling Advisor
      to Form 15 a Pool Supplement containing information about the Mortgages in the Pool as of the Settlement Date.
      The Pool Supplement is available on the first Business Day following the Securities Industry and Financial
      Markets Association’s Class D monthly securities settlement date. The Seller may also obtain a copy of the
      Pool Supplement by contacting Investor Inquiry at (800) 336-3672. In preparing the Pool Supplement, Freddie
      Mac relies upon the accuracy and completeness of the Mortgage and Servicing information provided by the Seller.
      If the information about the Mortgages sold under the MultiLender Swap program is inaccurate or incomplete,
      the Seller must immediately inform Freddie Mac and provide Freddie Mac with any corrections necessary.
    drafter_attestation: Verbatim from Freddie Guide §6201.5 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-6201.5-3
  canonical_id: fhlmc-6201.5-3
  section: Freddie Mac Guide 6201.5
  description: '6201.5 UMBS®, MBS and ARM PCs and pool factors: 201-19 Neither the Seller nor any affiliate of the
    Seller (as affiliate is defined in Rule 405, 17 CFR SEC 230.405, promulgated under the Securities Act of 1933)
    may make any use of the Pool Supplement if any information contained therein is inaccurate or incomplete. In
    addition …'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6201.5 — UMBS®, MBS and ARM PCs and pool factors
      (12/03/25)
    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: '201-19 Neither the Seller nor any affiliate of the Seller (as affiliate is defined in Rule
      405, 17 CFR SEC 230.405, promulgated under the Securities Act of 1933) may make any use of the Pool Supplement
      if any information contained therein is inaccurate or incomplete. In addition to a Pool Supplement, Freddie
      Mac makes available on its website and from information vendors information about the Mortgages in the Pool
      that is updated on a monthly basis. Current information about information vendors may be obtained by contacting
      Freddie Mac (see Directory 1). (iii)Seller’s disclosure obligations The Seller’s offer and sale of UMBS, MBS
      and ARM PCs must comply with all applicable federal securities laws and Freddie Mac requirements. If the Seller
      or an affiliate of the Seller offers for sale or sells any such security, the Seller must deliver to each
      person to whom the offer or sale is made, not later than the time a contract of sale is executed, all of the
      following: ■ A copy of the most recent UMBS/MBS Offering Circular or ARM PC Offering Circular, as applicable,
      including any supplements in effect at the time of the related offer or sale, ■ Any applicable Pool Supplement,
      and ■ Any Additional Supplement required by applicable federal securities laws or by Section 6201.6(a)(iv)
      If securities are sold to investment bankers, brokers, dealers or other entities for distribution, the Seller
      must assure that these entities will send or deliver such documents to investors before or with the confirmation
      of sale. (iv) Seller’s obligations for Additional Supplements In connection with the sale of Mortgages to
      Freddie Mac, the Seller must inform Freddie Mac in writing if any related offering materials, including the
      UMBS/MBS Offering Circular or ARM PC Offering Circular: ■ Contain an untrue statement of a material fact,
      or ■ Fail to state a material fact necessary to make the statements therein, in light of the circumstances
      under which they were made, not misleading Such information may obligate the Seller to prepare an Additional
      Supplement for the Pool. (The Seller will provide such information in the Additional Supplement and only such
      information as is agreed between the Seller and Freddie Mac.)'
    drafter_attestation: Verbatim from Freddie Guide §6201.5 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-6201.5-4
  canonical_id: fhlmc-6201.5-4
  section: Freddie Mac Guide 6201.5
  description: '6201.5 UMBS®, MBS and ARM PCs and pool factors: 201-20 (v) Other information provided by the Seller
    The information provided in the Pool Supplement and any Additional Supplement is the only information about
    a UMBS, MBS or ARM PC that the Seller can disclose to the public. In no event may the Seller make available
    to any third…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6201.5 — UMBS®, MBS and ARM PCs and pool factors
      (12/03/25)
    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: '201-20 (v) Other information provided by the Seller The information provided in the Pool Supplement
      and any Additional Supplement is the only information about a UMBS, MBS or ARM PC that the Seller can disclose
      to the public. In no event may the Seller make available to any third party information regarding principal
      paydowns on the Mortgages or pool factors, except as have been made available to the public by Freddie Mac.
      To make available to any third party any other information with respect to the Mortgages that is not made
      publicly available by Freddie Mac, the Seller must first obtain Freddie Mac’s consent by contacting Investor
      Inquiry at (800) 336-3672. After obtaining Freddie Mac’s consent, the Seller must provide such information
      to the third party in writing, and the information must include, on the first page in distinguishing typeface,
      a statement that the information has been prepared by the Seller and that Freddie Mac is not responsible for
      the accuracy or completeness of the information. Within one Business Day after the writing is first made available
      by the Seller to any third party, the Seller must provide a copy of it to Freddie Mac, together with the date
      the writing was first made available and the Seller’s name, address and telephone number, at the following
      address: FREDDIE MAC 1551 PARK RUN DRIVE ATTN OFFICE OF THE REGISTRAR MCLEAN, VA 22102 The information received
      from the Seller may be made available by Freddie Mac to any person upon request. (vi) Additional disclosure
      requirements Seller/Servicers will also find additional information about Freddie Mac’s UMBS, MBS and WAC
      ARM PC disclosure in Section 6202.2. (b) Indemnification for liability relating to Seller’s sale of UMBS,
      MBS or ARM PCs The Seller must indemnify and hold Freddie Mac, its directors, officers, employees, successors,
      assigns and fiscal and transfer agents harmless from and against any and all losses, damages, claims, demands,
      actions, suits or liabilities, joint or several, to which Freddie Mac may become subject and shall reimburse
      Freddie Mac for any legal or other expenses reasonably incurred by Freddie Mac in connection with investigating
      or defending any such loss, damage, claim, demand, suit, liability or action in respect thereof, insofar as
      such losses, claims, damages, demands, suits, liabilities or actions arise out of or are based upon:'
    drafter_attestation: Verbatim from Freddie Guide §6201.5 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-6201.5-5
  canonical_id: fhlmc-6201.5-5
  section: Freddie Mac Guide 6201.5
  description: '6201.5 UMBS®, MBS and ARM PCs and pool factors: 201-21 ■ Any untrue statement or alleged untrue
    statement of a material fact made or contained in any offering materials (other than the applicable UMBS/MBS
    Offering Circular or ARM PC Offering Circular) used by the Seller or its underwriters or agents in connection
    with any publ…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6201.5 — UMBS®, MBS and ARM PCs and pool factors
      (12/03/25)
    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: 201-21 ■ Any untrue statement or alleged untrue statement of a material fact made or contained
      in any offering materials (other than the applicable UMBS/MBS Offering Circular or ARM PC Offering Circular)
      used by the Seller or its underwriters or agents in connection with any public or private offering or sale
      of any UMBS, MBS or ARM PCs, or ■ Any omission or alleged omission to state therein a material fact required
      to be stated therein or necessary to make the statements therein, in light of the circumstances under which
      they were made, not misleading, or ■ Any other act or failure to act by the Seller or its underwriters or
      agents in connection with any such sale or offering, including without limitation, a breach of any of the
      terms or conditions contained in Section 6201.6(a) or a breach of any warranty or representation made by the
      Seller pursuant to Section 6201.6(a) (c) UMBS, MBS and ARM PC delivery Subject to the provisions of this Section
      6201.6(c), Freddie Mac will deposit the UMBS, MBS and ARM PCs in accordance with the instructions the Seller
      specifies on the applicable screens in Loan Selling Advisor. With respect to Mortgages sold under the Guarantor
      and MultiLender Swap programs, the Seller must complete all applicable delivery information and indicate the
      depository institutions and beneficiaries in whose accounts the UMBS, MBS or ARM PCs issued in Book-Entry
      Form must be deposited. The Seller is responsible for assigning and managing its wire instructions for Mortgages
      sold under the Guarantor and MultiLender Swap programs. For information regarding security wire instructions,
      see Sections 6203.3(c), 6204.3(c) and 6205.3(c). For all Mortgages sold to Freddie Mac under the Guarantor
      and MultiLender Swap programs, the Seller agrees to indemnify and hold harmless Freddie Mac, its successors,
      assigns, fiscal and transfer agents, from and against any and all claims, damages, liabilities, losses, demands,
      actions, suits, costs and expenses, joint and several, of every nature and character as the same may arise
      or be made against or be incurred by any of them, as a result of their deposit of any UMBS, MBS or ARM PC
      to any account, if such security is deposited in accordance with the Seller’s security wire instructions,
      as entered on the applicable screens in Loan Selling Advisor. With respect to the delivery instructions provided
      by the Seller, all UMBS, MBS or ARM PCs will be deposited in the accounts of the beneficiaries in Book-Entry
      Form.
    drafter_attestation: Verbatim from Freddie Guide §6201.5 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-6201.5-6
  canonical_id: fhlmc-6201.5-6
  section: Freddie Mac Guide 6201.5
  description: '6201.5 UMBS®, MBS and ARM PCs and pool factors: Special representations and warranties under the
    Guarantor and MultiLender Swap programs and Freddie Mac remedies for Seller breach (02/04/26) This section contains
    requirements related to: ■ Special Seller representations and warranties under the Guarantor and MultiLender
    Swap p…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6201.5 — UMBS®, MBS and ARM PCs and pool factors
      (12/03/25)
    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: 'Special representations and warranties under the Guarantor and MultiLender Swap programs and
      Freddie Mac remedies for Seller breach (02/04/26) This section contains requirements related to: ■ Special
      Seller representations and warranties under the Guarantor and MultiLender Swap programs ■ Freddie Mac remedies
      for Seller’s breach of representations and warranties relating to securitized loans (a) Special Seller representations
      and warranties under the Guarantor and MultiLender Swap programs In addition to the representations and warranties
      made elsewhere in the Purchase Documents, the Seller represents and warrants that: ■ The purchase information
      will be true and correct as of the related Settlement Date ■ The ending principal balance shown on the Loan-Level
      Transaction that the Servicer transmits as of the close of the first monthly accounting reporting period following
      the Settlement Date is equal to the aggregate UPB of the related Mortgages ■ As of the Settlement Date, the
      appraised value of the Mortgaged Premises is at least equal to the appraised value as of the date of the origination
      of such Mortgage ■ For Construction to Permanent and Renovation Mortgages, as of the Settlement Date, the
      appraised value of the Mortgaged Premises is at least equal to the appraised value as of the effective date
      of the most recent appraisal report (b) Freddie Mac remedies for Seller’s breach of representations and warranties
      relating to securitized loans If the Seller breaches any representation or warranty made pursuant to this
      chapter or any of the purchase information is found to be incorrect, Freddie Mac may at its option: ■ Rescind
      the transaction ■ Require the Seller to repurchase any UMBS®, MBS or ARM PCs that have been sold by the Seller
      ■ Retain any fees otherwise refundable to the Seller pursuant to the Purchase Documents'
    drafter_attestation: Verbatim from Freddie Guide §6201.5 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-6201.5-7
  canonical_id: fhlmc-6201.5-7
  section: Freddie Mac Guide 6201.5
  description: '6201.5 UMBS®, MBS and ARM PCs and pool factors: 201-23 ■ Require the Seller to take such other action
    as may be necessary or appropriate at Freddie Mac’s sole discretion to remedy such breach or to cause the relevant
    Pool to conform to the terms of the purchase information The remedies set forth in this chapter are in addition…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6201.5 — UMBS®, MBS and ARM PCs and pool factors
      (12/03/25)
    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: 201-23 ■ Require the Seller to take such other action as may be necessary or appropriate at
      Freddie Mac’s sole discretion to remedy such breach or to cause the relevant Pool to conform to the terms
      of the purchase information The remedies set forth in this chapter are in addition to any remedies otherwise
      provided for in the Purchase Documents or available under applicable law, including, without limitation, Freddie
      Mac’s right to require repurchase or substitution of any Mortgage. In addition to Freddie Mac’s other remedies
      under this Guide, the breach by the Seller of any representation, warranty or agreement contained in this
      Guide will constitute grounds for suspension of the Seller’s eligibility to sell Mortgages to Freddie Mac
      as provided in Chapter 2301.
    drafter_attestation: Verbatim from Freddie Guide §6201.5 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-6201.5-8
  canonical_id: fhlmc-6201.5-8
  section: Freddie Mac Guide 6201.5
  description: '6201.5 UMBS®, MBS and ARM PCs and pool factors: 202-1 Chapter 6202: Freddie Mac Swap Disclosure
    and Pooling Requirements'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6201.5 — UMBS®, MBS and ARM PCs and pool factors
      (12/03/25)
    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: '202-1 Chapter 6202: Freddie Mac Swap Disclosure and Pooling Requirements'
    drafter_attestation: Verbatim from Freddie Guide §6201.5 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-6201.5-9
  canonical_id: fhlmc-6201.5-9
  section: Freddie Mac Guide 6201.5
  description: '6201.5 UMBS®, MBS and ARM PCs and pool factors: Freddie Mac Swap disclosure and pooling requirements
    (12/03/25) This section contains requirements related to: ■ Fixed-rate Guarantor program (UMBS®) ■ MultiLender
    Swap program ■ WAC ARM Guarantor program ■ Other provisions related to Guarantor and MultiLender Swap programs
    This …'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §6201.5 — UMBS®, MBS and ARM PCs and pool factors
      (12/03/25)
    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: 'Freddie Mac Swap disclosure and pooling requirements (12/03/25) This section contains requirements
      related to: ■ Fixed-rate Guarantor program (UMBS®) ■ MultiLender Swap program ■ WAC ARM Guarantor program
      ■ Other provisions related to Guarantor and MultiLender Swap programs This chapter sets forth the pooling
      and disclosure requirements to ensure that eligible Mortgages delivered to Freddie Mac under the Guarantor
      and MultiLender Swap programs are pooled in a manner that promotes homogeneity and disclosure transparency.
      (a) Fixed-rate Guarantor program (UMBS) Each UMBS or MBS Pool issued under the fixed-rate Guarantor program
      must consist of Mortgages acquired from a single Seller in exchange for a UMBS or MBS representing an undivided
      interest in the same Mortgages. UMBS or MBS bear interest at the applicable Coupon and have an original principal
      balance rounded down to the nearest dollar. In addition to selling Mortgages in exchange for UMBS or MBS with
      Coupons that are evenly divisible by 0.5%, a Seller may sell 15- and 30-year fixed-rate Mortgages in exchange
      for MBS with Coupons not divisible by 0.5%, provided that before selling such Mortgages to Freddie Mac, the
      Seller must obtain Freddie Mac’s written approval by contacting its Freddie Mac representative or Customer
      Service at 800-FREDDIE. (b) MultiLender Swap program Each UMBS or MBS Pool issued under the MultiLender Swap
      program must consist of fixed-rate Mortgages that Freddie Mac has acquired from one or more Sellers in exchange
      for a UMBS or MBS representing an undivided interest in the same Mortgages. UMBS or MBS bear interest at the
      applicable Coupon and have an original principal balance rounded down to the nearest dollar.'
    drafter_attestation: Verbatim from Freddie Guide §6201.5 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
