Freddie Mac Multifamily Guide Bulletin Released
July 31, 2012
Today, Freddie Mac is posting Guide Bulletins for both the Freddie Mac Multifamily Seller/Servicer Guide and the Freddie Mac Delegated Underwriting for Targeted Affordable Housing Guide on AllRegs. The latest Guide Bulletin includes the following:
- Changing the timeline for reporting payoffs to Freddie Mac
- Initiating an alternative for Servicers to estimate billing requirements for variable rate credit enhanced (CE) bond transactions
- Adding instructions to the Guide for Seller/Servicers to give the appraiser of a property with a tax abatement
- Updating miscellaneous servicing provisions to remove duplicative requirements for a single servicing standard for both Capital Markets ExecutionSM (CME) and Portfolio loans
- Expanding the role of system administrators to reflect new Freddie Mac Multifamily software applications
For a full overview of all the changes, you can review the Guide Bulletin Cover Letters. Please contact your Freddie Mac regional representative or relationship manager if you have any questions.