New Guide Bulletin Published
April 4, 2016
With this Bulletin for the Multifamily Seller/Servicer Guide (Guide), we are:
- Revising our requirements to limit the number of entities that must complete Form 1116, Real Estate Schedule, and Form 1115, Borrower and Borrower Principal Certificate or Form 1115SBL, Borrower and Borrower Principal Certificate—SBL
- Revising our requirements to limit the number of entities that must submit credit reports and financial statements in the underwriting package
- Making an addition to our requirements for the preliminary legal issues memorandum (PLIM)
- Adding a Glossary definition for Floating-Rate Mortgages
All revisions announced by this Bulletin are effective immediately. Guide text for the changes announced in this Bulletin is highlighted in green on AllRegs. If you have any questions about this Bulletin, please call your Freddie Mac representative.