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New Guide Bulletin Published

May 5, 2017

With this Bulletin for the Multifamily Seller/Servicer Guide  (Guide), we are making a number of changes.

We are now accepting electronic signatures  for Borrowers, Borrower principals, guarantors and Seller/Servicers on all numbered Guide forms (unless specifically required otherwise), third-party reports and certain other documents. Another significant addition to the Guide are the requirements for Moderate Rehab mortgages.

The updated Guide also includes the following changes:

  • Linking to a new United States Geographical Survey (USGS) tool  for identifying Elevated Seismic Hazard Regions
  • Updating our insurance requirements for windstorm coverage and to reflect current liability policies
  • Updating our processes and instructions for wire instructions
  • Requiring two changes regarding the Preliminary Legal Issues Memorandum
  • Requiring use of the new Multifamily Document Transmittal Form  for hardcopy documentation without a Table of Contents
  • Updating requirements related to SBL Mortgages
  • Clarifying change notification requirements for changes in a Seller/Servicer's ownership

Read the details in this Guide Bulletin Update. If you have any questions, please call your Freddie Mac representative.