Freddie Mac Seller/Servicer Guide 9207.1: Workout Mortgage assumption, including overview, eligibility, submission, approval and closing requirements
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Freddie Mac publishes the full text of this section: Freddie Mac Seller/Servicer Guide 9207.1 on the Freddie Mac website. Zeitro Strata answers questions about it with the passage and page cited.
What this section covers
- (a) What is a workout Mortgage assumption?
- (b) When to consider a workout Mortgage assumption
- (c) Eligibility requirements for a workout Mortgage assumption
- (d) Submitting a workout Mortgage assumption recommendation to Freddie Mac
- (e) Freddie Mac’s decision about a Servicer’s recommendation for workout Mortgage assumption
- (f) Approval conditions for a workout Mortgage assumption
- (g) Closing requirements for workout Mortgage assumption
- (h) Servicer fee for workout Mortgage assumption
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.