This 2-hour webinar is designed to provide an overview of Single-Family Seller/Servicer Guide ("Guide") Bulletin 2012-16 dated August 21, 2012. This Guide Bulletin announces several updates and revisions to our Servicing requirements and announces complete requirements related to the Freddie Mac Standard Short Sale/Home Affordable Foreclosure Alternatives (HAFA) Tier II Short Sale ("Standard Short Sale"). Additional items such as a new valuation process used to obtain a property value and minimum net proceeds for the Standard Short Sale through the Freddie Mac Service Loans Application and changes to Home Affordable Modification Program, eligible hardships and borrower documentation will also be covered.
This session is for employees of approved Freddie Mac Servicers only
Simultaneous access to the Internet (to receive the visual presentation) and a telephone (to receive audio)
Course materials will be emailed to you prior to the start of the session
To understand the overall impacts as outlined in the August 21st Bulletin.
Standard Short Sale requirements
Obtaining a property value for a Standard Short Sale
HAMP extension / HAFA expiration
Revising our eligible hardships and borrower documentation requirements
Revising deed-in-lieu requirements
Expanding our postponement of foreclosure requirements for Military Relief