This updated and revised class will provide you with the eligibility and warranty requirements for you to sell Condominium Units to Freddie Mac. In this session, we will cover our newly structured Chapter 42 of the Single-Family Seller/Servicer Guide (Guide) as well as reciprocal project reviews, condominium project types, and updated flood insurance requirements for condominiums.
You will find in this 90 minute interactive webinar that we have streamlined our Condominium requirements to reflect industry practices and simplify the presentation of these requirements in the Guide.
Prerequisites:
This session is for Freddie Mac-approved Sellers ONLY, and not for the general public
Simultaneous access to the Internet (to receive the visual presentation) and a telephone (to receive audio)
Course materials will be e-mailed to attendees prior to the start of the session
Use the following resource material to gain an overview of Freddie Mac's requirements for Condominium Unit Mortgages : Condo Unit Mortgages job aid
Objectives:
To understand Freddie Mac's requirements for Condominium Unit Mortgages and help ensure a smooth sale to Freddie Mac.
Condominium Projects Eligibility Requirements