Freddie Mac Seller/Servicer Guide 4607.12: Custodial Accounts for Renovation Funds for CHOICERenovation® Mortgages
This section contains requirements related to:
Freddie Mac publishes the full text of this section: Freddie Mac Seller/Servicer Guide 4607.12 on the Freddie Mac website. Zeitro Strata answers questions about it with the passage and page cited.
What this section covers
- (a) General requirements
- (b) Opening the Custodial Account for Renovation Funds
- (c) Changing or transferring Custodial Accounts for Renovation Funds
- (d) Freddie Mac’s rights
- (e) Seller responsibilities related to maintaining the Custodial Account
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.