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Learning Center Updates
What's New in Underwriting?
The summary below details recent changes to the Underwriting section of the Learning Center.
View changes related to Mortgage Products,
Selling & Delivery,
Servicing, or All Sections.
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| Date |
Change |
Link |
| 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 |
| 03/05/08 |
Determining Declining Markets
Freddie Mac uses the OFHEO House Price Index on the OFHEO website to help identify markets where home prices may be declining. This quick reference assists you in using OFHEO's website to determine declining markets. |
[PDF 51K] |
| 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
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