Freddie Mac Seller/Servicer Guide 5704.4: Security Instruments for leasehold Mortgages
The Uniform Security Instrument must describe the Mortgaged Premises as a leasehold interest created by a recorded lease in the property described in the legal description.
Freddie Mac publishes the full text of this section: Freddie Mac Seller/Servicer Guide 5704.4 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.