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MultiLender Swap Execution

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

Important Information

This page reflects updated requirements related to the Single Security Initiative and announced in Guide Bulletin 2018-24 and 2019-7 for  MultiLender Swap contracts taken out on or after April 19, 2019 for mortgages with settlement dates on or after June 3, 2019.

Freddie Mac's MultiLender Swap execution allows you to sell your mortgages for a pro-rata share of Freddie Mac securities. With a minimum commitment amount of only $1,000, you can reap the benefits of a securities execution with only one mortgage, provided that the total combined commitment amounts from all lenders meets the minimum $1 million pool formation requirement.

Product Features

Feature Description
Eligible Mortgage Products
  • Receive a pro-rata share of these Freddie Mac securities:Conventional 15- or 30-year Supers
  • Conventional 10-, 15-, 20- or 30-year Uniform Mortgage-Backed SecurityTM (UMBSTM)
  • Conventional 15-, 20- or 30-year Mortgage-Backed Security (MBS)
  • 15- or 30-year FHA/VA MBS
  • Refer to Freddie Mac's Single-Family Seller/Servicer Guide (Guide) Chapter 6201, Chapter 6202, Chapter 6205 or Guide Exhibit 17S for a list of eligible mortgage products and their requirements
Purchase and Pooling Requirements
  • Refer to Guide Section 6202.3 for multilender pooling requirements
  • Minimum pooling commitment of $1,000
  • Your mortgages must fit into one of the note rate ranges posted on the major rate services and on the MultiLender Pools resource
  • Mortgages must have note rates at least 0.250% above the security coupon but no greater than 1.125% above the security coupon.
  • The minimum contract servicing spread must be at least 0.25% and for mortgages sold under MultiLender Swap, the maximum servicing spread may not exceed 0.500%
  • The minimum contract servicing spread must be equal to or greater than the minimum servicing spread.
Loan Selling Advisor® Review Guide Chapter 6205 for special requirements for selling mortgages under MultiLender Swap execution through Loan Selling Advisor
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 UMBS that is eligible for Supers and REMICs
  • Receive a Freddie Mac MBS that is eligible for Giant MBS and REMICs
  • 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 other Pricing Identifier Terms.