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© Freddie Mac Single-Family Seller Servicer Guide


(a) Overview

Freddie Mac will purchase Section 502 GRH Mortgages in accordance with the provisions of this chapter and the Purchase Documents.The Seller should be familiar with Freddie Mac's definitions in the Glossary for:

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If the Section 502 GRH Mortgage is assumable, it must be originated on Mortgage instruments approved by the FHA for FHA-insured assumable fixed-rate Mortgages with all applicable riders and addenda required by FHA.If a Section 502 GRH Mortgage is not assumable, it must be originated on the then current Fannie Mae/Freddie Mac Uniform Instruments including all applicable riders required in Section 4101.2 for the jurisdiction in which the Mortgaged Premises are located.

(i) Delivery instructions See Section 6302.15 for delivery and pooling requirements for Section 502 GRH Mortgages sold to Freddie Mac.
(j) Credit Fees in Price Assumable and nonassumable Section 502 GRH Mortgages must be sold to Freddie Mac with recourse, within the meaning of Section 6201.7(a). The Seller must refer to Exhibit 19, Credit Fees in Price, and/or its negotiated terms of business for Credit Fees in Price applicable to these Mortgages.Credit Fees in Price are paid in accordance with the Credit Fee in Price provisions stated in Chapter 6303.

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Related Guide BulletinsIssue Date
Bulletin 2017-2March 16, 2017
Bulletin 2016-23December 15, 2016
Bulletin 2016-12June 29, 2016

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