Learning Center Updates

The summary below details recent changes to the Learning Center.
View changes related to Underwriting, Mortgage Products, Selling & Delivery, or Servicing.

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All Sections

Date	Change	Link
05/05/08	Alternatives to Foreclosure Our Alternatives to Foreclosure publication has been updated to reflect recent policy changes including our requirement to send breach letters to delinquent borrowers no later than the 60th day of delinquency, and report via EDR the date the breach letter was sent, as announced in Single-Family Seller/Servicer Guide Bulletin 2008-1. We have also streamlined all content regarding developing and executing resolution plans into one chapter.	[PDF 11.3M]
04/28/08	Expense Reimbursement Desk Reference We have updated the Expense Reimbursement Desk Reference to include new expense codes 010002 - Trustee/Attorney Fees - Torrens Act, and 093003 - Pest Removal, as announced in Bulletin 2008-2. We have also included a new version of the Form 104SF that has been updated to reflect a new mailing address.	[PDF 969K]
04/23/08	Servicing Maturing Balloon/Reset Mortgages This reference manual has been updated to reflect that Freddie Mac will use email and fax transmissions as additional ways to send balloon/reset mortgage notifications to Servicers that are not licensed holders of MIDANET for the PC. We have also updated this manual to reflect changes made to Exhibit 85 of the Single-Family Seller/Servicer Guide, Special Reset Mortgage Title Insurance Information. All of these changes were announced in Bulletin 2008-2.	[PDF 2.3M]
04/22/08	Online Interactive Form 1134 - Maturing Balloon/Reset Mortgage Worksheet Use this new form to assist you in tracking your Balloon loans through the entire process. This automated form allows you to complete, save and reuse as the process progresses.	[DOC 298K]
04/21/08	Electronic Default Reporting Quick Reference Guide The Electronic Default Reporting Quick Reference Guide has been updated to include error messages 538 and 539 for default action (event) code 80 (Date Breach Letter Sent). We have also removed references to error messages 520 and 535 as they are no longer applicable.	[PDF 222K]
04/07/08	Investor Accounting: Resolving Loan-Level Edits Attend this 2-hour web conference to learn how to use your Freddie Mac daily edit reports to resolve reporting and remitting errors and how to prevent the same error in future cycles.	2 hr web conference
03/24/08	Investor Accounting: Resolving Loan-Level Edits Attend this 65-minute Recorded Web Conference available 24/7 to learn how to use your Freddie Mac daily edit reports to resolve reporting and remitting errors and how to prevent the same error in future cycles.	65 min recorded web conference
03/20/08	Investor Accounting: Loan-Level Transactions Attend this 55-minute Recorded Web-Conference available 24/7 to learn about what to report on loan-level transactions and when to remit funds to Freddie Mac.	55 min web comference
03/19/08	Electronic Default Reporting Quick Reference Guide The Electronic Default Reporting Quick Reference Guide has been updated to include new default action (event) code 80 (Date Breach Letter Sent). We have also added three new error messages (535, 536, and 537) related to the new code.	[PDF 222K]
03/12/08	Designated Counsel/Trustee Program This quick reference has been updated to reflect that Servicers are no longer required to use designated counsel for foreclosures and bankruptcies for one-unit properties in the New Yor City metropolitan area and New Jersey, as announced in Single-Family Seller/Servicer Guide Bulletin.	[PDF 147K]
02/25/08	Servicer Profile - Default Management Recorded This recorded webconference has been updated to incorporate the changes to the Workout to REO Ratio, Inventory Past Standard Severity, and Actual Foreclosure Timelines Including Delays criteria announced in Single-Family Seller/Servicer Guide Bulletin 2007-4.	80 min web conference
02/11/08	Intro to Investor Accounting Responsibilities Attend this web conference to gain an understanding about Freddie Mac's Investor Accounting requirements and become familiar with reporting and remitting responsibilities.	90 min web conference
02/01/08	Expense Reimbursement Desk Reference The Expense Reimbursement Desk Reference has been updated to include the following as announced in Bulletins 2007-4 and 2007-5: Updates to Single-Family Seller/Servicer Guide Exhibit 73, Adjustment Codes for Forms 104SF and 104DC New expense code for supplemental windstorm coverage We have also added additional information that will help you check the status of your expense reimbursement requests.	[PDF 969K]
01/22/08	Investor Reporting to Freddie Mac Our comprehensive publication for investor accounting has been updated to reflect minor clarifications to the reporting and remitting processes. We have also updated Chapter 13 - Short Payoffs, to reflect that when settlement proceeds are received, your organization must report the mortgage as paid in full - prepaid through loan-level reporting within two business days.	[PDF 8.5M]
01/10/08	Servicer Performance Profile This publication has been updated to incorporate the changes to the Workout to REO Ratio, Inventory Past Standard Severity, and Actual Foreclosure Timelines Including Delays criteria announced in Single-Family Seller/Servicer Guide Bulletin 2007-4. We have also included "Recommendations for Success" - information that can help you maximize your scores for each of the investor reporting criteria.	[PDF 607K]
01/03/08	Servicing Relief Measures for Mortgages Impacted by Hurricanes Katrina and Rita This quick reference has been updated to reflect that the special servicing requirements for credit reporting and borrower requested MI cancellation have been extended until further notice, as announced in the December 5, 2007 Single-Family Seller/Servicer Guide Bulletin. All other special servicing requirements for mortgages impacted by Hurricanes Katrina and Rita expired as of December 31, 2007.	[PDF 177K]
12/13/07	Alternatives To Foreclosure Overview Recorded This 60-minute Recorded Web-Conference will introduce you to various alternatives to foreclosure and help you keep borrowers in their homes. You'll learn about Freddie Mac's loss mitigation philosophy and become familiar with key data that will help you analyze a delinquent borrower and the property in order to select the best workout option for the situation.	60 min recorded web conference