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TO: Freddie Mac Sellers May 17, 2017 20177SUBJECT: SELLING UPDATES This Guide Bulletin announces: Collateral representation and warranty relief Expansion of Mortgages eligible to be considered for

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What is collateral representation and warranty?

Collateral representation and warranty is a statement or guarantee made by a party that the collateral they are providing meets certain standards or is free from defects.

Who is required to file collateral representation and warranty?

The party providing collateral is required to file collateral representation and warranty.

How to fill out collateral representation and warranty?

Collateral representation and warranty can be filled out by providing detailed information about the collateral being offered and any conditions or warranties attached to it.

What is the purpose of collateral representation and warranty?

The purpose of collateral representation and warranty is to provide assurance to the other party that the collateral is valid and meets certain criteria.

What information must be reported on collateral representation and warranty?

Information such as the description of collateral, its value, any warranties or conditions attached, and the relevant parties involved must be reported on collateral representation and warranty.

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