source:
  type: guide
  id: fhlmc-6303.2
  authority: Freddie Mac Single-Family Seller/Servicer Guide Section 6303.2 — Payment
    of fees
  description: Freddie Mac Single-Family Seller/Servicer Guide Section 6303.2 — Payment
    of fees.
  coverage_tier: operative
obligations:
- id: fhlmc-6303.2-full
  canonical_id: fhlmc-6303.2-full
  section: Freddie Mac Single-Family Seller/Servicer Guide Section 6303.2 — Payment
    of fees
  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 6303.2 — Payment
      of fees
    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: '6303.2: Payment of fees (12/17/25) This section contains requirements
      related to: ■ Payment of fees ■ Late payment policy (a) Payment of fees This
      section outlines the procedures and requirements for managing the Automated
      Clearing House (ACH) payments and drafts between Freddie Mac and Sellers concerning
      Mortgage transactions. It details both daily and monthly ACH processes, associated
      fees, the process for establishing ACH payments and policies in case of insufficient
      funds. (i) Daily ACH process Freddie Mac will remit to or draft from the Seller’s
      designated ACH account the net amount of the fees applicable to Mortgages sold
      under the Guarantor and MultiLender Swap programs on the fifth Business Day
      after each applicable Settlement Date. The following fees will be included:
      ■ Initial Credit Fees ■ Buyup proceeds and buydown fees ■ Buyup and buydown
      adjustments ■ Gold Rush® fees and adjustments ■ Guarantor settlement interest
      Adjustments and reversals to such fees will be made using the monthly ACH process
      or as per instructions provided by Freddie Mac. Freddie Mac Single-Family Seller/Servicer
      Guide Chapter 6303 As of 05/06/26 Page 6303-7 If the Seller is due a credit,
      Freddie Mac will deposit the credit amount to the designated ACH account within
      five Business Days of the Settlement Date. Freddie Mac will provide the Seller
      with a courtesy e-mail notice to the address specified by the Seller approximately
      two Business Days before the ACH draft. The Seller is responsible for ensuring
      that the ACH account maintains sufficient funds. Freddie Mac recommends that
      Seller designate one or more organization members as courtesy e-mail recipients.
      To designate, add, modify or delete a recipient, Sellers must send a written
      request to SellerBilling@FreddieMac.com. The request must include the Seller/Servicer
      number with contact information (name, e-mail and phone number). (ii) Monthly
      ACH process Freddie Mac will draft the net amount of all other fees associated
      with the sale of Mortgages to Freddie Mac, such as pairoff fees; any adjustments
      to Credit Fees applicable to Mortgages sold under the Cash, Guarantor and MultiLender
      Swap programs; and associated training fees from the Seller’s ACH account monthly
      in accordance with this Section 6303.2(a)(ii). In the alternative, if the Seller
      is due a credit, Freddie Mac will deposit the credit amount to the designated
      ACH account on the last Business Day of the month. If the monthly statement
      indicates a net amount due to Freddie Mac, Freddie Mac will draft the payment
      from the Seller’s ACH account on the last Business Day of the month. The Seller’s
      monthly account activity statement will reflect all ACH transactions completed
      during the statement period. To establish ACH payment, the Seller must complete,
      execute and submit to Freddie Mac Form 1132, Authorization for Automatic Transfer
      of Funds Through the Automated Clearing House (ACH) for Seller/Servicers, as
      an Electronic Record (as defined in Section 1401.1(b)) using a Portable Document
      Format (PDF) (or other Electronic Record format commonly used in the mortgage
      industry) that has been completed and contains the copy or representation of
      the pen and ink signature of the Authorized Employee (such copy or representation
      of the Authorized Employee’s signature shall be such Authorized Employee’s adopted
      Electronic Signature as defined in Section 1401.1(b)) and either: ■ Attach to
      an e-mail and deliver to Freddie Mac at CashCollections@FreddieMac.com; or ■
      Upload through the Freddie Mac eBill system. Freddie Mac and the Seller agree
      that the delivery of Electronic Records with Electronic Signatures are eligible
      Electronic Transactions (as defined in Section 1401.1(b)) and are governed by
      the applicable provisions of Chapter 1401. Freddie Mac Single-Family Seller/Servicer
      Guide Chapter 6303 As of 05/06/26 Page 6303-8 The employee authorized to execute
      Form 1132 on the Seller’s behalf must be designated as an “Authorized Employee”
      on the Seller’s 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,
      as applicable. The account identified in Form 1132 for the payment of fees must
      be a Demand Deposit Account that is separate from any Custodial Account required
      to be maintained pursuant to any of the Purchase Documents. The Seller agrees
      to notify Freddie Mac immediately at SellerBilling@FreddieMac.com of any changes
      to the status of the Seller’s ACH account. (iii)Insufficient funds policy If
      funds in the Seller’s ACH account are insufficient to cover the statement amount,
      the Seller’s ACH account is invalid, or Freddie Mac is unable to draft from
      the Seller’s ACH account for any reason, the statement will be subject to the
      late payment fees described in Section 6303.2(b). In that event, the Seller
      must remit the amount due in accordance with instructions provided by Freddie
      Mac. Freddie Mac will not assess any late payment fee if funds in the Seller’s
      ACH account are insufficient to cover the amount due from a daily ACH draft
      or if Freddie Mac is unable to draft from the Seller’s ACH account under the
      daily ACH process for any reason. If any Seller ACH account amount due to Freddie
      Mac remains outstanding on the due date of the Seller’s monthly statement, the
      Seller will be assessed the late payment fees described in Section 6303.2(b)
      on such outstanding amount from and after that due date. (b) Late payment policy
      Fees and remittances not made when due are subject to a late payment fee, which
      includes an interest reimbursement charge. The interest on unpaid amounts is
      calculated as of the last day of the month in which the payment is due. Unless
      specified in the Guide for particular fees, the interest rate is the highest
      quoted prime rate on the last Business Day of the month plus 3.000%. The prime
      rate reference is typically the Money Rates section of The Wall Street Journal.
      In its absence, Freddie Mac will determine the rate. The late payment fee calculation
      follows this formula: (Amount paid late or past due) × (Prime rate + 3.000%)
      / 365 × Number of days in the unpaid month. Freddie Mac reserves the right to
      impose a late payment fee on any Seller/Servicer for untimely payments or required
      remittances, whether invoiced or not and regardless of billing notification
      method. The repurchase late fee will appear in the Seller account activity Freddie
      Mac Single-Family Seller/Servicer Guide Chapter 6303 As of 05/06/26 Page 6303-9
      statement as described in Section 6303.1(a) and will be drafted from the Seller’s
      ACH account as per Section 6303.2(a). In addition to the interest reimbursement
      and other legal remedies, Freddie Mac may: ■ Demand payment before the Funding
      Date despite other provisions in the Purchase Documents ■ Postpone Settlement
      Dates for Pools with unpaid fees as of five Business Days before the proposed
      date Freddie Mac retains the right to adjust the late payment fee structure,
      which may involve changes to the interest rate, calculation methods or implementation
      of minimum fees or penalties. Additionally, Freddie Mac can modify the terms
      and procedures for crediting and payment of proceeds, fees and remittances.
      Such changes require a 30-day written notice to the Seller/Servicer. They may
      also necessitate pre-Settlement Date payments for reasons other than timely
      payment obligation breaches, with procedures defined at the time. 6303.2: Payment
      of fees (Future effective date 07/01/26) This section contains requirements
      related to: ■ Payment of fees ■ Late payment policy (a) Payment of fees This
      section outlines the procedures and requirements for managing the Automated
      Clearing House (ACH) payments and drafts between Freddie Mac and Sellers concerning
      Mortgage transactions. It details both daily and monthly ACH processes, associated
      fees, the process for establishing ACH payments and policies in case of insufficient
      funds. (i) Daily ACH process Freddie Mac will remit to or draft from the Seller’s
      designated ACH account the net amount of the fees applicable to Mortgages sold
      under the Guarantor and MultiLender Swap programs on the fifth Business Day
      after each applicable Settlement Date. The following fees will be included:
      ■ Initial Credit Fees Freddie Mac Single-Family Seller/Servicer Guide Chapter
      6303 As of 05/06/26 Page 6303-10 ■ Buyup proceeds and buydown fees ■ Buyup and
      buydown adjustments ■ Gold Rush® fees and adjustments ■ Guarantor settlement
      interest Adjustments and reversals to such fees will be made using the monthly
      ACH process or as per instructions provided by Freddie Mac. If the Seller is
      due a credit, Freddie Mac will deposit the credit amount to the designated ACH
      account within five Business Days of the Settlement Date. Freddie Mac will provide
      the Seller with a courtesy e-mail notice to the address specified by the Seller
      approximately two Business Days before the ACH draft. The Seller is responsible
      for ensuring that the ACH account maintains sufficient funds. Freddie Mac recommends
      that Seller designate one or more organization members as courtesy e-mail recipients.
      To designate, add, modify or delete a recipient, Sellers must send a written
      request to SellerBilling@FreddieMac.com. The request must include the Seller/Servicer
      number with contact information (name, e-mail and phone number). (ii) Monthly
      ACH process Freddie Mac will draft the net amount of all other fees associated
      with the sale of Mortgages to Freddie Mac, such as pairoff fees; any adjustments
      to Credit Fees applicable to Mortgages sold under the Cash, Guarantor and MultiLender
      Swap programs; and associated training fees from the Seller’s ACH account monthly
      in accordance with this Section 6303.2(a)(ii). In the alternative, if the Seller
      is due a credit, Freddie Mac will deposit the credit amount to the designated
      ACH account on the last Business Day of the month. If the monthly statement
      indicates a net amount due to Freddie Mac, Freddie Mac will draft the payment
      from the Seller’s ACH account on the last Business Day of the month. The Seller’s
      monthly account activity statement will reflect all ACH transactions completed
      during the statement period. To establish ACH payment, the Seller must complete,
      execute and submit to Freddie Mac Form 1132, Authorization for Automatic Transfer
      of Funds Through the Automated Clearing House (ACH) for Seller/Servicers, as
      an Electronic Record (as defined in Section 1401.1(b)) using a Portable Document
      Format (PDF) (or other Electronic Record format commonly used in the mortgage
      industry) that has been completed and contains the copy or representation of
      the pen and ink signature of the Authorized Employee (such Freddie Mac Single-Family
      Seller/Servicer Guide Chapter 6303 As of 05/06/26 Page 6303-11 copy or representation
      of the Authorized Employee’s signature shall be such Authorized Employee’s adopted
      Electronic Signature as defined in Section 1401.1(b)) and either: ■ Attach to
      an e-mail and deliver to Freddie Mac at CashCollections@FreddieMac.com; or ■
      Upload through the Freddie Mac eBilling system. Freddie Mac and the Seller agree
      that the delivery of Electronic Records with Electronic Signatures are eligible
      Electronic Transactions (as defined in Section 1401.1(b)) and are governed by
      the applicable provisions of Chapter 1401. The employee authorized to execute
      Form 1132 on the Seller’s behalf must be designated as an “Authorized Employee”
      on the Seller’s 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,
      as applicable. The account identified in Form 1132 for the payment of fees must
      be a Demand Deposit Account that is separate from any Custodial Account required
      to be maintained pursuant to any of the Purchase Documents. The Seller agrees
      to notify Freddie Mac immediately at SellerBilling@FreddieMac.com of any changes
      to the status of the Seller’s ACH account. (iii)Insufficient funds policy If
      funds in the Seller’s ACH account are insufficient to cover the statement amount,
      the Seller’s ACH account is invalid, or Freddie Mac is unable to draft from
      the Seller’s ACH account for any reason, the statement will be subject to the
      late payment fees described in Section 6303.2(b). In that event, the Seller
      must remit the amount due in accordance with instructions provided by Freddie
      Mac. Freddie Mac will not assess any late payment fee if funds in the Seller’s
      ACH account are insufficient to cover the amount due from a daily ACH draft
      or if Freddie Mac is unable to draft from the Seller’s ACH account under the
      daily ACH process for any reason. If any Seller ACH account amount due to Freddie
      Mac remains outstanding on the due date of the Seller’s monthly statement, the
      Seller will be assessed the late payment fees described in Section 6303.2(b)
      on such outstanding amount from and after that due date. (b) Late payment policy
      Fees and remittances not made when due are subject to a late payment fee, which
      includes an interest reimbursement charge. The interest on unpaid amounts is
      calculated as of the last day of the month in which the payment is due. Unless
      specified in the Guide for particular fees, the interest rate is the highest
      quoted prime rate on the last Business Day of the month plus Freddie Mac Single-Family
      Seller/Servicer Guide Chapter 6303 As of 05/06/26 Page 6303-12 3.000%. The prime
      rate reference is typically the Money Rates section of The Wall Street Journal.
      In its absence, Freddie Mac will determine the rate. The late payment fee calculation
      follows this formula: (Amount paid late or past due) × (Prime rate + 3.000%)
      / 365 × Number of days in the unpaid month. Freddie Mac reserves the right to
      impose a late payment fee on any Seller/Servicer for untimely payments or required
      remittances, whether invoiced or not and regardless of billing notification
      method. The repurchase late fee will appear in the Seller account activity statement
      as described in Section 6303.1(a) and will be drafted from the Seller’s ACH
      account as per Section 6303.2(a). In addition to the interest reimbursement
      and other legal remedies, Freddie Mac may: ■ Demand payment before the Funding
      Date despite other provisions in the Purchase Documents ■ Postpone Settlement
      Dates for Pools with unpaid fees as of five Business Days before the proposed
      date Freddie Mac retains the right to adjust the late payment fee structure,
      which may involve changes to the interest rate, calculation methods or implementation
      of minimum fees or penalties. Additionally, Freddie Mac can modify the terms
      and procedures for crediting and payment of proceeds, fees and remittances.
      Such changes require a 30-day written notice to the Seller/Servicer. They may
      also necessitate pre-Settlement Date payments for reasons other than timely
      payment obligation breaches, with procedures defined at the time. Freddie Mac
      Single-Family Seller/Servicer Guide Chapter 6304 As of 12/17/25 Page 6304-1
      Chapter 6304: Document Custody'
  judgment: false
