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August 2006 Selling System EnhancementsWith our August 21 selling system release, we've launched one of the largest expansions yet of products in our innovative, web-based selling system, so that by the end of this year you'll use the system for more of the products you're originating and selling to Freddie Mac. This unprecedented expansion complements a competitive variety of selling system cash and securities execution solutions, and propels us forward in realizing our vision to make the system the way you sell mortgages to Freddie Mac. More ARM Products and OptionsWith our latest release we've added the capability to sell more ARM products in the selling system, for your WAC ARM Cash and WAC ARM Guarantor sales. On top of that, we provided you with even more options to sell loans to Freddie Mac through the selling system. Learn more... Expanded Mortgage Product CapabilitiesWe've expanded our mortgage products capabilities, available in the selling system, to easily meet the needs of a more diverse borrower base. With our latest selling system enhancements, you'll find more ways to sell us a wide-range of mortgages with prepayment penalties, HUD-Guaranteed Section 184 Native American Mortgages, and assumable Section 502 Rural Housing Service Guaranteed Rural Housing (GRH) Mortgages. With this capability, you will be able to sell these mortgages through the selling system instead of MIDANET, streamlining your processes through one delivery system. Learn more... Plus, look for 40-year fixed-rate mortgages eligible for commitment and deliver in the system beginning September 1. Increased Sale Options to Help Strengthen Your Affordable Lending Business OpportunitiesCapitalize on increased sale options to help strengthen your affordable lending business opportunities. To further meet your individual business needs, we've given you the option to sell your Federal Housing Administration (FHA) and Veterans Affairs (VA) fixed-rate mortgages under the Fixed-rate Guarantor execution through the selling system. Plus, a new servicing-released cash sale option is now available for your Home Possible® Mortgages. With these two new execution options, you'll have expanded, competitive sale options for more of your key affordable lending mortgage products. Learn more... Please refer to the August Freddie Mac Single-Family Seller/Servicer Guide Bulletin for all underwriting, deliver, and execution requirements associated with these changes.
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