Learning Center Updates
What's New in Mortgage Products?
The summary below details recent changes to the Mortgage Products section of the Learning Center.
View changes related to Underwriting, Selling & Delivery,
Servicing, or All Sections.
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| Date |
Change |
Link |
| 05/13/08 |
Home Possible What's New
You asked for change and we say Yes! This 10 minute Recorded Web-Conference will introduce you to Freddie Mac's new enhancements to the suite of Home Possible® Mortgage. Attend from the convenience of your office, and learn about our new, innovative enhancements. |
Training Catalog: Course Description |
| 04/09/08 |
Condominium Unit Mortgages – Project Analysis
Use the following job aid to help you determine the minimum documentation you need to gather and review as documentation to ensure the project is acceptable. As part of your analysis of the project documents, you must determine and document that certain requirements and warranties are met for streamlined, reciprocal and full project reviews. |
[PDF 460K] |
| 03/28/08 |
Underwriting Classroom Training Materials
We've updated our underwriting classroom training materials and several easy to print references to reflect policy changes that have occurred since our last update in November 2007. You will find additional clarity on topics such as condominium unit mortgages, appraiser and seller responsibilities for appraisals, and evaluation of properties located in a declining market. You may also read more about these recent changes at www.FreddieMac.com/singlefamily. |
Underwriting Resources |
| 03/28/08 |
Overview of Recent Announcements and Guide Changes
This is a new course offering. In the past several months, we've introduced many changes to our pricing and credit requirements through special Single Family Seller/Servicer Guide Bulletins and Announcements. |
90 min web conference |
| 03/05/08 |
Home Possible At A Glance
Home Possible Delivery and Servicing Requirements
These quick references are updated to reflect the February 21, 2008 Bulletin changes for Home Possible Mortgages. |
Home Possible Resources |
| 02/26/08 |
Initial Interest Details for Originators and Underwriters
This quick reference has been updated to reflect the announcement with Bulletin dated February 21, 2008 that Freddie Mac will no longer purchase Initial Interest mortages with LTV/TLTV/HTLTV ratios greater than 97% |
[PDF 37K] |
| 02/22/08 |
Freddie Mac Condominium Unit Mortgages
The December 21 Single-Family Seller/Servicer Guide Bulletin announced important changes in eligibility requirements and warranties for Condominium Unit Mortgages delivered to us on or after March 1, 2008. Use this reference as a summary of the eligibility requirements and project warranties based on the project status and review type. |
[PDF 90K] |
| 02/18/08 |
2008 Condo Project Eligibility & Seller Warranties
Freddie Mac recently announced important changes in Guide Chapter 42: Special Warranties for Condominiums. This 90-minute web conference will provide you with a high-level overview of the new policy, including changes to the condominium project classification types and the Streamlined Review process. |
90 min web conference |
| 02/08/08 |
Area Median Income
One of the eligibility criteria for Freddie Mac's affordable mortgage offerings is that the borrower's income cannot exceed the Area Median Income. This 10-minute movie walks you through the process of determining if your borrower's income meets this criterion. |
Online Self-Study |
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