Freddie Mac Seller/Servicer Guide 5705.6: Legal requirements for New Cooperative Projects
This section contains requirements related to:
Freddie Mac publishes the full text of this section: Freddie Mac Seller/Servicer Guide 5705.6 on the Freddie Mac website. Zeitro Strata answers questions about it with the passage and page cited.
What this section covers
- (a) Compliance with law
- (b) Right of first refusal
- (c) Amendments to Cooperative Project Documents
- (d) Rights of Cooperative Shareholders and Sellers
- (e) Cooperative membership requirements
- (f) Cooperative Corporation’s lien position
- (g) Assignment of Shareholder’s Cooperative Interest
- (h) Cooperative Corporation responsibilities and lender rights
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.