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, certain specialized mortgage products, and 5- and 7-year balloon/reset mortgages. 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
Feature |
Description |
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
- 5- and 7-year balloon/reset mortgages
- Up to 30-year fully amortizing FHA/VA fixed-rate mortgages
- Refer to Freddie Mac's Single-Family Seller/Servicer Guide Chapter 11, Chapter D15 or Exhibit 17S for a list of eligible mortgage products and their requirements
|
Special Sales Requirments |
- 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
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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
- 5- and 7-year balloon/reset mortgages must be pooled separately from fixed-rate mortgages
- Up to 30-year fully amortizing FHA/VA fixed-rate mortgages can be pooled together
- Minimum pooling amount is $1 million
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Settlement |
- 1-, 3- and 4-day settlement cycles are available with our Gold Rush® funding option in exchange for a Gold Rush fee
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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, balloon/reset 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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