Freddie Mac Form 1074 - Freddie Mac Reset Mortgage Confirmation printable pdf download

Form 1074

Freddie Mac Reset

Mortgage Confirmation

Servicer Number: _____________________________

Servicer Name: _________________________________

Address: ____________________________________

Contact Name: _________________________________

____________________________________________

Phone Number:______________________________

Freddie Mac hereby confirms notification from the above-named Servicer (“Servicer”) of the Borrower’s election to

exercise the Reset Option or Freddie Mac’s approval of the terms of the offer of modification.

Servicer hereby agrees to remit to Freddie Mac principal and interest on the Reset Mortgage at the Required Net Yield

set forth below, as required by Chapter A83 of the Freddie Mac Single-Family Seller/Servicer Guide (“Guide”)

beginning with the xx/xx accounting cycle.

Reset Mortgage Accepted by Freddie Mac:

Freddie Mac Loan Number to be Reset: _________________________

S/S Loan Number: __________________________________________

Date of Rate Lock-in: ________________________________________

Date of delivery for Form 3293 and other documentation pursuant to Section 83.103: ________________

Freddie Mac 60-Day Required Net Yield (RNY): _____________ Acct Net Yield (ANY): ____________

Minimum servicing spread: ___________________________________

Maturity date of Reset Mortgage: ______________________________

Loan Purpose Code: _________________________________________

Reset Date: ________________________________________________

Remittance Cycle: __________________________________________

Borrower Name: ___________________________________________

Address of Mortgaged Premises: _______________________________

Reset Mortgage Data to be Completed by Servicer:

Reset Note Rate:

(rounded to the nearest one-eighth percent)

Was the mortgage originated on Freddie Mac documents? ___________

Reset Mortgage Principal and Interest Payment Unpaid Principal Balance at Reset Date:

Servicing Spread on Reset Mortgage:

Servicer Acknowledgement:

By Servicer’s submission of this Reset Mortgage Confirmation, Servicer acknowledges, certifies and agrees to the terms

specified herein, including remittance of the Required Net Yield to Freddie Mac. The Servicer must complete and

transmit this form to Freddie Mac at least one Business Day prior to sending the Reset Documents to the Document

Custodian holding the Note. Failure to deliver this information by the date required may subject the Servicer to late fees

or noncompliance fees as provided in the Guide.

Date of Acknowledgement:

_______________

NOTE: This document is an exhibit provided for illustrative purposes only. The Form 1074 will automatically be

produced when the required data elements above are entered into the Freddie Mac Service Loans application.

Freddie Mac Single-Family Seller/Servicer Guide

Bulletin 2011-16

09/12/11

Page F1074–1

Freddie Mac Form 1074 - Freddie Mac Reset Mortgage Confirmation

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