source:
  type: guide
  id: fhlmc-6102.1
  authority: Freddie Mac Single-Family Seller/Servicer Guide Section 6102.1 — ARM
    Cash Eligibility
  description: Freddie Mac Single-Family Seller/Servicer Guide Section 6102.1 — ARM
    Cash Eligibility.
  coverage_tier: operative
obligations:
- id: fhlmc-6102.1-full
  canonical_id: fhlmc-6102.1-full
  section: Freddie Mac Single-Family Seller/Servicer Guide Section 6102.1 — ARM Cash
    Eligibility
  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 6102.1 — ARM
      Cash Eligibility
    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: '6102.1: ARM Cash Eligibility (10/01/25) This section contains
      requirements related to: ■ ARM Cash defined terms ■ Eligible Sellers for ARM
      Cash ■ Eligible Mortgages and purchase requirements under ARM Cash (a) ARM Cash
      defined terms Sellers should be familiar with the following defined terms as
      they relate to ARMs sold to Freddie Mac under ARM Cash: ■ Loan Attributes —
      For ARMs sold under an ARM Cash Contract, the Loan Attributes are the Note Rate,
      Margin, Servicing Spread, Life Cap and Initial Period ■ Loan Level Tolerance
      — For ARMs sold under an ARM Cash Contract, the Loan Level Tolerance is the
      range of values specified in the contract for the Loan Attributes of each ARM
      that may be allocated to the contract (b) Eligible Sellers for ARM Cash In order
      to be eligible to sell Mortgages to Freddie Mac under ARM Cash, the Seller must
      have entered into Purchase Contracts with Freddie Mac. (i) Margin requirements
      Freddie Mac may, at its sole discretion, require Sellers to post margin in connection
      with transactions under this Chapter 6102. In all events, Freddie Mac shall
      be the sole calculation agent with respect to the required margin amount and
      whether the margin amount is to be posted or returned. (ii) Margin deficit notification
      If Freddie Mac provides notice of a margin deficit by 10:00 a.m. Eastern time
      on any Business Day, the Seller shall transfer any required margin no later
      than the close of business on such Business Day. Freddie Mac Single-Family Seller/Servicer
      Guide Chapter 6102 As of 11/05/25 Page 6102-2 If such notice is received after
      10:00 a.m. Eastern time on any Business Day or on a day that is not a Business
      Day, the Seller shall transfer such margin no later than the close of business
      on the next Business Day. (iii) Establishing a securities trading account A
      Seller may establish a trading account with Freddie Mac that allows the Seller
      to engage in the purchase and sale of UMBS® and Freddie Mac Mortgage Participation
      Certificates. To request approval to establish such an account, Sellers may
      e-mail or call the Cash Window at CashDesk_Traders@FreddieMac.com or (571) 382-3080.
      Any securities trading activities are subject to the following requirements:
      ■ Sellers must comply with the margining terms and credit limits set forth in
      Exhibit 102, Securities Trading Customer Agreement ■ Freddie Mac will be the
      calculation agent for purposes of determining any and all amounts payable pursuant
      to the terms of any margin provisions, and such determinations by Freddie Mac
      shall be final and binding (c) Eligible Mortgages and purchase requirements
      under ARM Cash (i) Mortgage variability under ARM Cash Under ARM Cash, the ARMs
      in a single contract may be delivered with Note Rates, Margins, Life Caps, Servicing
      Spreads and Initial Periods that vary within a specified range. (ii) Accounting
      Net Yield (ANY) for Mortgages sold under ARM Cash An ANY will be calculated
      for each ARM delivered under an ARM Cash Contract and will be based on the individual
      ARM’s Note Rate and Servicing Spread. (iii) Special eligibility requirements
      for Mortgages sold under ARM Cash Unless specified otherwise in this chapter,
      the special eligibility requirements for ARMs set forth in Chapter 4401 apply
      to ARMs sold under ARM Cash. (iv) Other Guide provisions related to Mortgages
      sold under ARM Cash Refer to the following Guide provisions for additional information
      related to ARMs sold under ARM Cash: Other Guide provisions related to Mortgages
      sold under ARM Cash Freddie Mac Single-Family Seller/Servicer Guide Chapter
      6102 As of 11/05/25 Page 6102-3 Guide provision Guide location Eligible Mortgage
      Products available through Loan Selling Advisor® Exhibit 17S, Available Mortgage
      Products ARM Note Rate change requirements, including applicable caps Section
      4401.1(c) General ARM requirements, including margin Section 4401.1(b) Pricing
      under ARM Cash Section 6102.2(b)'
  judgment: false
