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MultiLender Swap Execution

Receive the benefits of a securities execution with low minimum commitment requirements

Freddie Mac's MultiLender Swap execution allows you to sell your mortgages for a pro-rata share of Freddie Mac securities. Receive a pro-rata share of a Freddie Mac Giant Participation Certificate (PC) backed by mortgages we have purchased through both our cash execution and MultiLender Swap for your conventional 15- and 30-year fixed-rate mortgages and your conventional 20-year fixed-rate mortgages delivered into 30-year PC pools.

You can also receive a pro-rata share of a Freddie Mac Gold PC for your conventional 20-year fixed-rate mortgages delivered into 20-year PC pools and certain specialized mortgage products. With a minimum commitment amount of only $1,000, a MultiLender Swap allows you to reap the benefits of a securities execution for only one mortgage, provided that the total combined commitment amounts from all lenders meets the minimum $1 million pool formation requirement for a TBA pool.

Product Features

FeatureDescription
Eligible Mortgage Products
  • Receive a pro-rata share of a Freddie Mac Giant PC for:
    • Conventional 15- and 30-year fixed-rate mortgages
    • Conventional 20-year fixed-rate mortgages delivered into 30-year PC pools
  • Receive a pro-rata share of a Freddie Mac Gold PC for:
    • Conventional 20-year fixed-rate mortgages delivered into 20-year PC pools 
    • Up to 30-year fully amortizing FHA/VA fixed-rate mortgages
  • Refer to Freddie Mac's Single-Family Seller/Servicer Guide Chapter 11, Chapter 13, Chapter D15 or Exhibit 17S for a list of eligible mortgage products and their requirements
Special Sales Requirements
  • Your mortgages must fit into one of the Note Rate ranges posted on the major rate services and on the FreddieMac.com MultiLender Pools page
  • Minimum servicing spread is 0.25%
  • Maximum servicing spread is 1.25%
Eligible Remittance Cycles
  • Choose from three remittance options: Gold, Super ARC or First Tuesday
Pooling Requirements
  • 15- and 30-year fixed-rate mortgages must be pooled separately
  • 20-year fixed-rate mortgages must be pooled separately to receive a 20-year PC prefix. Otherwise, they must be pooled with 30-year fixed-rate mortgages in a 30-year prefix
  • Up to 30-year fully amortizing FHA/VA fixed-rate mortgages can be pooled together
  • Minimum pooling amount is $1 million
  • Fixed-rate super conforming mortgages are TBA eligible as long as they do not exceed 10 percent of the unpaid principal balance of all mortgages in the applicable pool and other applicable de minimus requirements are met.
Settlement
  • 1-, 3- and 4-day settlement cycles are available with our Gold Rush® funding option in exchange for a Gold Rush fee

Key Benefits

  • Get the benefits of a securities execution with a minimum commitment amount of only $1,000
  • Receive a Freddie Mac PC that is eligible for Giant PCs and REMICs
  • Choose from three remittance options for more flexibility in managing your servicing float value – Gold, Super ARC, and First Tuesday
  • Leverage Gold Rush funding – the fastest securities settlement in the business – and deliver your loans up to the day before settlement in exchange for a Gold Rush fee
  • Sell fixed-rate mortgages, FHA/VA, and many other Freddie Mac mortgage products

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 Master Commitment.

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