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Freddie Mac Multifamily Bulletin Released

March 3, 2014

Today, Freddie Mac is publishing a Guide Bulletin for the Freddie Mac Multifamily Seller/Servicer Guide on AllRegs. The Bulletin is available on the Freddie Mac Multifamily Guide Bulletins webpage.

Highlights of the key changes that we are making with this Guide Bulletin include:

  • Requiring Seller/Servicers to use all new consolidated Loan Documents for Mortgages originated under the Multifamily Conventional Cash Purchase Program or the Targeted Affordable Housing Cash Mortgage Purchase
  • Providing new  final delivery instructions both for Mortgages originated on Loan Documents with a revision date prior to March 1, 2014 and for those originated on Loan Documents with a revision date of March 1, 2014 or later
  • Modifying Guide requirements to reflect the consolidation of the Loan Documents
  • Suspending the use of the interest rate swap option for variable rate bond credit enhancements
  • Clarifying previously announced requirements for zoning reports
  • Updating the Hazard Loss Notification and Plan – Form 1140 and the Hazard Loss Disbursement Request – Form 1140DR
  • Making minor changes to our requirements for fraud reporting
  • Revising the Underwriting Checklists to reflect new Guide form names

Forms Added or Changed with this Bulletin

We have added or changed the following Guide Forms listed below. These updated forms can be found on the Guide Forms and Documents website page.

Guide Forms

All Guide Bulletin changes are effective immediately. We encourage you to read the complete Bulletin for detailed information on what requirements have changed. Please contact your Multifamily Regional Representative with any Guide Bulletin questions.

In addition to the publication of the Guide Bulletin, we're publishing two new Final Delivery documents to reflect the consolidated Loan Documents, which are effective immediately:

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