New Regulatory Requirements for Sellers and Servicers
In January 2013, the Consumer Financial Protection Bureau (CFPB) issued final rules impacting the mortgage market by implementing provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Many of these rules were amended at various times throughout 2013. All the rules are effective in January 2014.
At the direction of the Federal Housing Finance Agency (FHFA), Freddie Mac and Fannie Mae worked together to align requirements in response to some of the CFPB rules. Please visit the pages below for more information on our revised Selling and Servicing requirements as they relate to the CFPB final rules.
Please Note: Freddie Mac will not interpret CFPB regulations for Seller/Servicers or determine how Seller/Servicers should comply. It is the Seller/Servicer's responsibility to determine if they are in compliance with CFPB rules and other applicable laws.
Freddie Mac New Mortgage Eligibility Criteria
Review our requirements and other resources on the Freddie Mac New Mortgage Eligibility Criteria page as they relate to the ability-to-repay standards and Qualified Mortgages.
Freddie Mac Valuation Data
Review our guidance and other resources on the Using Freddie Mac Valuation Data page pertaining to the amendment to the Equal Credit Opportunity Act.
Freddie Mac New Mortgage Servicing Requirements
Review requirements and other resources on the Freddie Mac New Mortgage Servicing Requirements page.