Freddie Mac amends Purchase Agreement with Treasury; removes loan limits, requires consent for conservatorship exit

FEDERAL HOME LOAN MORTGAGE CORP

Removes provision requiring Treasury consent only under certain conditions; now requires Treasury consent for any exit other than mandatory receivership.
Removes loan acquisition limits including $1.5 billion single-family seller cap, multifamily loan cap, and high-risk loan restrictions.
Removes requirement to comply with January 2021 ERCF; now requires compliance with ERCF as amended over time.
Side letter mandates FHFA to issue public request for information on conservatorship termination options and provide Treasury proposal at least six months before requesting consent.
Treasury will consult with the President before consenting to any conservatorship termination request.

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