What’s New on the 2008 Annual Document Custodian Eligibility Certification Report

Along with submitting the updated Annual Document Custodian Eligibility Certification Report (Report), all Freddie Mac Document Custodians will be required to submit:

1. A newly executed Form 1035 for each Seller/Servicer for which you have a custodial agreement.
2. A screen print from your tracking system that illustrates that all requirements of section 18.2 (b) 9 of the Guide are met.
3. A current organizational chart showing your document custody function in relation to originations, sales, servicing and other mortgage functions.

Self and affiliated third-party custodians must submit the items listed above as well as proof of trust powers.

Note:In order for Freddie Mac to accept a facsimile or a PDF version of your Report attached to an email you must first submit an original fully executed Form 1035(s) to:

Freddie Mac
Counterparty Credit Risk Management
1551 Park Run Drive, MS D3A
McLean, VA22102

Once a Form 1035 has been received for each of your custodial agreements, your Report, along with the necessary documentation, may be submitted via facsimile or a PDF attached to an e-mail to:

Document Custodian Eligibility
Freddie Mac
Fax # (866) 743-0087
Institutional_Eligibility/HQ/FHLMC@FHLMC

• Questions regarding a Custodian’s total number of Notes and other custodial documents (i.e., securities) held (Freddie Mac plus all other investors/self production) and vault capacity (the total number of files it can accommodate) have been added to the question on the number of Freddie Mac Notes held (bottom of Page1).

• If the Custodian is not an approved Freddie Mac Seller/Servicer and/or not covered under the Seller/Servicer’s fidelity institution bond policy, additional questions on the Custodian’s fidelity institution bond and errors and omissions insurance policies are required (Question #8).

• The ability to cross-reference the Freddie Mac loan number for each mortgage with the Seller/Servicer’s loan number has been added to the Tracking and Reporting System requirements (Question #9).

• A question regarding information privacy in relation to the Gramm-Leach-Bliley Act has been added (Question #12).

• A question regarding proposed organizational changes has been added (Question #13). .

• In the Self Custodian section, the trust powers and trust department requirements have been separated (Question #15).

• In the Third Party Custodian section, the trust powers and trust department requirements have been added to the affiliate third-party section (Question #21).