Freddie Mac Seller/Servicer Guide 4607.14: Recourse for CHOICERenovation® Mortgages
CHOICERenovation® In Progress Mortgages must be sold with recourse within the meaning of Section 6201.2(b)(i), except that Freddie Mac may require the Seller to repurchase the CHOICERenovation Mortgage if the Mortgage becomes 120 days delinquent while subject to recourse.
Freddie Mac publishes the full text of this section: Freddie Mac Seller/Servicer Guide 4607.14 on the Freddie Mac website. Zeitro Strata answers questions about it with the passage and page cited.
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.