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New Guide Bulletin Published

December 14, 2017

With this Bulletin for the Multifamily Seller/Servicer Guide (Guide), we made revisions to requirements for:

  • our smart execution for loans $15 million and less
  • third-party reports for certain non-SBL loans
  • properties with aluminum wiring
  • a Borrower that is a limited liability company with a single member, where the loan has an initial principal balance of less than $15 million
  • the term of a ground lease based on the remaining term and amortization of the ground lease loan
  • the consultant that performs a property inspection to provide information for a construction report

We also updated or added requirements for the following:

  • preferred equity
  • insurance
  • Green Up® and Green Up Plus®
  • property financial statements for SBL loans to be submitted in the underwriting package
  • provisions for submission of the rent roll component of the quarterly financial
  • the notification method for adverse matters/non-monetary defaults

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