Freddie Mac Seller/Servicer Guide 8601.7: Servicing high-risk, distressed and abandoned properties
The brown font text used throughout this chapter denotes the special requirements for Servicing Senior Subordinate Mortgages.
Freddie Mac publishes the full text of this section: Freddie Mac Seller/Servicer Guide 8601.7 on the Freddie Mac website. Zeitro Strata answers questions about it with the passage and page cited.
What this section covers
- (a) Servicing Mortgages on distressed properties and properties that pose a Risk of Property Ownership
- (b) Servicing Mortgages on abandoned properties
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.