Freddie Mac Seller/Servicer Guide 9601.1: Deficiency recovery and management
This section contains requirements related to:
Freddie Mac publishes the full text of this section: Freddie Mac Seller/Servicer Guide 9601.1 on the Freddie Mac website. Zeitro Strata answers questions about it with the passage and page cited.
What this section covers
- (a) Working with vendors to collect deficiencies
- (b) Assigning deficiency rights after the foreclosure sale
- (c) Charging off the deficiency
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.