FHA/VA Executions

Expanded FHA/VA offering provides you with a new multilender execution

Freddie Mac now offers a complete range of executions to help you sell Federal Housing Administration (FHA)/Veterans Affairs (VA) loans¹ to us. The expanded FHA/VA offering provides swap (Gold PCs® for FHA loans), cash and multilender executions for FHA/VA loans sold to Freddie Mac with recourse. The full range of executions is now available to all of our lenders.

Our FHA/VA offering is effective for deliveries beginning April 3, 2000.

¹Note: This program may require that Sellers comply with various federal, state or local laws, and Sellers should seek the advice of their counsel prior to implementation.

Key Advantages

• Reduces excess servicing
• Allows for buy-ups and buy-downs
• May provide a better all-in execution for 1/4 and 1/8 coupon FHA/VA loans
• Enables you to sell eligible mortgages to Freddie Mac in exchange for PCs under the new FHA/VA Multilender Swap Program

Features of the New Multilender Execution

• Provides lenders with opportunity to swap loans into a larger pool and receive back a pro rata share
• Allows for settlements throughout the month
• Gold Rush available

Eligibility Requirements

• Each mortgage must be a fixed-rate, level payment, fully amortizing, first-lien FHA Mortgage or VA Mortgage
• Lenders must be approved by Freddie Mac to sell FHA/VA with recourse

For more information

To learn more about FHA/VA, please refer to your Single-Family Seller/Servicer Guide, contact your Freddie Mac Account Manager, or call (800) FREDDIE.