Freddie Mac Multifamily Guide Bulletins Released
September 3, 2013
On August 30, Freddie Mac published 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 Bulletins are available on the Freddie Mac Multifamily Guide Bulletins page.
With this Bulletin for the Delegated Underwriting for Targeted Affordable Housing Guide (TAH Guide), we are:
- Announcing that effective immediately, the Multifamily Seller/Servicer Guide (Seller/Servicer Guide) will govern the Servicing of all TAH Mortgages originated under the Delegated Underwriting Model
- Clarifying that, apart from the Servicing provisions, the TAH Guide remains in full force and effect and will continue to apply to all Mortgages purchased pursuant to Commitments executed prior to May 1, 2011 under the Delegated Underwriting Model
- Added requirements to the Multifamily Seller/Servicer Guide for the submission to Freddie Mac of the Initial and Final Delivery Packages for Forward Commitments
We are revising both the Seller/Servicer Guide and the TAH Guide in support of these changes. All of the changes announced by this Bulletin are effective immediately. More details on these changes are provided in the Guide Bulletins. For complete details see the applicable chapters and sections of the Seller/Servicer Guide and the TAH Guide on AllRegs. All Seller/Servicer and TAH Guide text for the changes described in this Bulletin is highlighted in green.
We encourage you to read the complete Bulletin for detailed information on what requirements have changed. Please contact your Multifamily Regional Representative if you have any questions related to these Guide Bulletins.