Residual Certificates
Freddie Mac & Common Securitizations Solutions’ Office of the Registrar departments are responsible for issuing, trading, replacing, and collecting matured REMIC certificated securities.
Freddie Mac’s Office of the Registrar directly processes these functions for Multifamily REMIC certificated securities (e.g. P-Deals & RR-Deals).
Common Securitization Solutions’ Office of the Registrar completes the same functions for Single-Family REMIC certificated securities.
If any additional information is needed, please e-mail [email protected].
Office of the Registrar Mailing Addresses:
Single-Family REMIC Certificated Securities – Common Securitization Solutions:
Common Securitization Solutions, LLC.
Office of the Registrar
7501 Wisconsin Avenue, Ste. 400W
Bethesda, MD 20814
Multifamily REMIC Certificated Securities – Freddie Mac:
Freddie Mac
Office of the Registrar
1551 Park Run Drive
McLean, VA 22102
REMIC Certificated Securities Trades - Re-registration of Ownership:
To re-register a Freddie Mac Single-Family or Multifamily REMIC certificated securities in the new holder's name incident to a trade, the following must be received:
- The actual Security Certificate
- An assignment of the Certificate to the new owner executed by the transferor. The assignment may be made on the reverse side of the Certificate or on a separate Bond Power.
- A guarantee of the assignor's signature. Any person or entity eligible to certify on guarantee signatures under U.S. Treasury Regulations (set forth under 31 CFR 306.40) qualifies for this purpose. Typically, an institutional signature guarantee from an entity participating in a Signature Guarantee Program such as the Securities Transfer Agents Medallion Program (STAMP) will qualify.
- Information including: the precise name of the new holder in which registration is to be made; Certificate delivery instructions, including address and contact name and phone number; payment instructions, including address where payments are to be sent and a contact name and phone number (see the enclosed standard Information Form)
- Tax Withholding Forms: W-9s or domestic holders (complete Parts I, II, and III).
- A Residual Transferee Letter (letter included in package) applicable to Residual Class REMIC securities only. Please note that the Residual Transferee Letter must be filled out in full and submitted in the precise language stated in the letter.
All the required trade documents must be sent to the addresses listed above based on whether securities are Single-Family or Multifamily securities.
Surrender of REMIC Certificated Securities at Maturity or Redemption:
Please mail matured securities for Redemption to the addresses listed above based on whether securities are Single-Family or Multifamily securities.
REMIC Certificated Securities Replacements:
Below are the guidelines required by Freddie Mac when completing a Bond of Indemnity for the replacement of a Freddie Mac certificate.
- The bond must be the original
- The signatures must be originals
- The obligees must be the Federal Home Loan Mortgage Corporation (Freddie Mac)
- The bond must be an open-ended bond (i.e. no limit on the dollar amount of indemnification in relation to the face amount of the certificate).
- The bond must have complete and accurate description of the certificate. This includes the type, face amount, CUSIP number, coupon rate, pool number or series maturity date.
- A Notary Public must acknowledge the signature on the bond and sign and date the bond with a valid stamp or seal.
- A scanned copy of Power of Attorney from the insurance company is required which indicates that the person who executed the bond is in fact authorized to do so.
To replace a security that is lost, stolen, destroyed, mutilated or defaced, the following documents must be received:
- Affidavit of Loss Form
- Bond of Indemnity
Upon receipt and approval of the Affidavit of Loss and Bond of Indemnity, Freddie Mac / Common Securitization Solutions will re-issue the certificate(s) to the holder. If the documents are not fully acceptable, Freddie Mac / Common Securitization Solutions will identify the basis for denial or steps required to complete replacement.
Please mail the required Replacement documents to the addresses listed above based on whether securities are Single-Family or Multifamily securities.