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Cash Payups for Mortgages with Specified Attributes

Improve your best execution decisions with cash payups

Freddie Mac offers a payup to standard cash pricing for fixed-rate mortgages with certain loan attributes, such loan balances less than $175,000 or low loan balances (LLBs).

In the Freddie Mac Selling System®, you'll be able to view our latest payup indicators, reflected in basis points, across different amortization periods and for various note ranges. The information is available in PDF and XML formats and is updated daily.

FeatureDescription
Specified Attributes
  • Low loan balances: $85K, $110K, $125K, $150K and $175K
  • Non-low loan balances:
    • Property is in New York (NY)
    • Borrower FICO® score is < 700
    • Investor (INV)
    • super conforming mortgages (SC)
    • 10-year mortgages
Eligible Mortgages

15-, 20- and 30-year fixed-rate mortgages

Ineligible Mortgages
  • ARMS
  • Mortgages with LTV ratios greater than 105 percent
General Requirements
  • Mortgages must meet the eligibility requirements outlined in your Purchase Documents, including the Single-Family Seller/Servicer Guide
  • Mortgages priced with these payups are removed from the denominator in the calculation of the monthly cash de minimis limit for super conforming mortgages
  • Mandatory contracts only
  • Payup pricing are eligible for commitment periods up to 60 days
Special Eligibility for LLB Specified Trades
  •  May apply to servicing-released commitments
  • 10-year mortgages are not eligible for the LLB payup amounts
  •  Applicable Investor Feature Identifier (IFIs) must be delivered on mortgages meeting the Cash Specified Pool Type requirements
Cash Specified LLB Type IFI
Maximum LLB ≤ $175,000 H64
Maximum LLB ≤ $150,000 H65
Maximum LLB ≤ $125,000 H66
Maximum LLB ≤ $110,000 H67
Maximum LLB ≤ $85,000 H68
Special Eligibility for Non LLB Specified Trades
  • Pricing requests and loan-level data must be submitted to the Cash Desk before 4:15 pm ET for manual spot bids.
  • Loan level data should include the following: product type, UPB, state where the property is located, FICO score and LTV ratio. A data template is available upon request.
  • Payups for NY, INV, and FICO < 700 attributes are not eligible for super conforming mortgages.
  • 10-year mortgages are eligible only for the payup amounts listed within the 15-year grid.

Key Benefits

  • Additional opportunities to improve your best execution for cash
  • Premium prices for loans with specified attributes
  • Payups are eligible for commitment periods up to 60 days
  • Earn more for CRA originations

For More Information

The information found on this page is not a replacement or substitute for information found in the Single-Family Seller/Servicer Guide and/or the terms of your Master Agreement and/or other Pricing Identifier Terms.

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