Revised Version of Form 1116, Freddie Mac Real Estate Schedule – Now Available
August 27, 2012
We have updated Freddie Mac Form 1116, Freddie Mac Real Estate Schedule, with some minor enhancements detailed below. Although this update will also be incorporated in our next Guide Bulletin, we’ve made the new form available for your use today both on FreddieMac.com and in the Multifamily Seller/Servicer Guide on AllRegs.
The changes to Form 1116 are as follows:
- New data input fields at the top of the form for Date of NOI and Date of Current Market Value, which populate the dates in columns V and X
- A new Asset Type (column G) called "Personal Residence" to allow the identification of a personal residence of a Borrower or Borrower Principal
Please be sure to download the updated version of the Form 1116, as well as the latest version of each Seller/Servicer Guide form that you need from our Guide Forms and Documents page when you complete an underwriting package.
If you have any additional questions about the new version of the Form 1116, please contact your Multifamily underwriter.