Freddie Mac Seller/Servicer Guide 5701.11: Condo Project Advisor® – Project Waiver Request (PWR)
Condo Project Advisor® (CPASM) allows authorized Sellers to submit a request for project waiver requests (referred to as a Project Waiver Request (PWR)) for Established Condominium Projects that do not meet certain Condominium Project eligibility requirements.
Freddie Mac publishes the full text of this section: Freddie Mac Seller/Servicer Guide 5701.11 on the Freddie Mac website. Zeitro Strata answers questions about it with the passage and page cited.
What this section covers
- (a) General eligibility
- (b) Documentation requirements for Mortgages with approved PWRs
- (c) Representations and warranties
- (d) Delivery requirements
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.