Single-Family News Center
Extension to the ULDD Implementation Timeline Announced
To provide Sellers with more time to manage their adoption of the ULDD requirements, the GSEs are extending key upcoming ULDD effective dates.
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LandSafe Discontinuing Credit Services Available in Loan Prospector
January 31, 2012 - LandSafe, a credit reporting company available through Loan Prospector®, recently announced effective February 1, 2012, it will no longer provide new merged credit reports to lenders and third-party originators.Guide Bulletin 2012-3 Provides Updates on ULDD Requirements
January 31, 2012 - Guide Bulletin 2012-3 provides updates on the recently announced ULDD implementation date extension and SEC-required data points, plus ULDD data point clarifications to support implementation efforts.Sell Your Fixed-rate Cash Relief Refinance Mortgages – Same Servicer with any LTV
January 30, 2012 - Beginning February 1, 2012, Sellers can start delivering fixed-rate Freddie Mac Relief Refinance MortgagesSM – Same Servicer with loan-to-value ratios above 125 percent using a Cash execution.Mortgage Payment Forbearance for Unemployed Borrowers
January 06, 2012 - Learn more about our two additional solutions to help unemployed borrowers avoid foreclosure: short-term unemployment forbearance and extended unemployment forbearance.Correction to Single-Family Update Email Regarding Guide Bulletin 2012-1
January 05, 2012 - In our earlier email regarding requirement changes announced in Guide Bulletin 2012-1, the revised requirement for TLTV/HTLTV ratios was inadvertently left out. Please refer to the correct version of the email in this link.Guide Bulletin 2012-1 Provides Added Flexibility for Relief Refinance Mortgages
January 05, 2012 - Guide Bulletin 2012-1 revises our Relief Refinance Mortgage requirements for mortgages with LTV ratios less than or equal to 80 percent to provide you with greater flexibility when refinancing mortgages for borrowers who have greater equity in their homes.Additional Data for Analyzing Foreclosure Time Line Compensatory Fees
January 05, 2012 - Learn about additional loan-level detail being added to compensatory fee analysis reports in Default Reporting ManagerSM.Guide Bulletin 2011-26 Announces Pricing Increase
December 30, 2011 - At FHFA's direction to implement recently enacted federal legislation, today we are announcing a pricing increase for all mortgages delivered to Freddie Mac starting in 2012.New Performance Reports Now Available, Plus Enhancements to Workout Manager®
December 27, 2011 - Learn about two new reports in Default Reporting ManagerSM that can help you track and monitor your performance and about recent enhancements to Workout Manager®.Loan Prospector Updated to Reflect 2012 FHA Loan Limits
December 20, 2011 - On January 2, 2012, Loan Prospector® will be updated to support the 2012 FHA maximum loan limits for users submitting loans through the FHA TOTAL Scorecard to Loan Prospector.New Law Firms Added to Designated Counsel Program in New York
December 16, 2011 - Freddie Mac has added three new firms to its Designated Counsel Program in New York.Mortgage and Appraisal Requirements in Guide Bulletin 2011-25
December 16, 2011 - Guide Bulletin 2011-25 announces changes to our requirements that provide Seller/Servicers with more flexibility for certain cash-out refinance mortgages. In addition, requirements for mortgages used to pay off the balances under land contracts or contracts for deed have been updated.Extension to the ULDD Implementation Timeline Announced
December 14, 2011 - To provide Sellers with more time to manage their adoption of the ULDD requirements, the GSEs are extending key upcoming ULDD effective dates.Guide Bulletin 2011-24 Announces Requirements for Participating in HFAs' Modification Assistance Programs
December 13, 2011 - We are updating our requirements for Servicer interaction with state Housing Finance Agencies' (HFAs) mortgage assistance programs in connection with the Hardest Hit Fund initiative. With this update, we are requiring Servicers to participate in HFA’s modification assistance programs as long as the programs meet certain guidelines.Industry Letter Provides Guidance on Mortgages Subject to City of Chicago Vacant Property Ordinance
December 12, 2011 - On December 8, 2011, the Federal Housing Finance Agency directed Freddie Mac and Fannie Mae (the GSEs) to take specific actions regarding mortgages owned or guaranteed by the GSEs subject to the City of Chicago, IL, Vacant Property Ordinance (Ordinance). Today, we issued an Industry Letter that provides Freddie Mac Servicers with guidance and additional actions on this topic.Workout Prospector Enhancement and "Classic" Modification Reminders
December 07, 2011 - Read the reminders on upcoming Workout Prospector enhancements for the Standard Modification and clearing your "classic" modification pipelines.ULDD Selling System CTE Available December 13
December 07, 2011 - The Freddie Mac selling system customer test environment (CTE) is now available to help you prepare for the implementation of the Uniform Loan Delivery Dataset (ULDD).New Resource and Updated Requirements Help Protect Your Servicing Organization from Mortgage Fraud
December 07, 2011 - To help with the identification and prevention of fraud, we created a new fraud prevention resource for Servicers and enhanced our short sale affidavit Single-Family Seller/Servicer Guide requirements.Important Reminders for Reporting HAMP and Standard Modification Trial Period Activities
December 02, 2011 - Read some key points on how to complete your monthly electronic default reporting (EDR) for Home Affordable Modification program (HAMP) and Freddie Mac Standard Modification trial period activities in a timely and accurate manner.Suspension of Evictions December 19 through January 2, 2012
December 01, 2011 - Freddie Mac is temporarily suspending all scheduled evictions involving foreclosed occupied single-family 1- to 4- unit residences with Freddie Mac-owned mortgages beginning December 19, 2011, through January 2, 2012.Reminder: Key UMDP Requirements Go into Effect on December 1
November 29, 2011 - We are reminding you that on December 1, 2011, key requirements for the Uniform Loan Delivery Dataset and the Uniform Collateral Data Portal® will go into effect.Freddie Mac 2012 Loan Limits Announced
November 22, 2011 - Freddie Mac's base conforming and high-cost area loan limits will remain at the existing 2011 levels through December 31, 2012, with the exception of one county where the high-cost area loan limit will increase.Implementation of 12/1 UAD Identifier Hard Stop Postponed and other UCDP Updates
November 18, 2011 - The previously identified format compatibility issues in the UCDP® will be fixed at the end of November. In addition to provide lenders ample time to review the warning messages they are receiving before the delivery mandate, the GSEs are postponing the transition of the first warning message to a hard stop to later date.Resources to Help Plan for the Expanded Relief Refinance Mortgages
November 18, 2011 - Take advantages of our online resources to help you understand the revised program requirements and different implementation dates for our expanded Freddie Mac Relief Refinance MortgageSM offering.Guide Bulletin 2011-23 Offers Servicers Greater Servicing Efficiencies
November 18, 2011 - To help build greater efficiencies in your servicing operations, we are announcing multiple updates to our requirements in Single-Family Seller/Servicer Guide (Guide) Bulletin 2011-23.Validate Your Foreclosure Data Monthly
November 17, 2011 - Learn about the Monthly Compensatory Fee Analysis Report, fee types, billing, appeals and best practices.Guide Bulletin 2011-22 Announces New Requirements for Freddie Mac Relief Refinance Mortgages
November 15, 2011 - To support the recently announced Home Affordable Refinance Program (HARP) enhancements, Guide Bulletin 2011-22 provides you with revised requirements for Freddie Mac Relief Refinance MortgagesSM. A portion of this offering, mortgages with LTV ratios greater than 80 percent, represents our business implementation of HARP.Standard Modification Coming Soon to Workout Prospector
November 14, 2011 - As you implement the new Freddie Mac Standard Modification, we are making preparations to enhance Workout Prospector® to support your operational readiness. Beginning December 12, 2011, you will be able to assess at-risk borrowers for a Standard Modification using Workout Prospector.Advanced Notice on New ULDD Data Requirements for Delivery in November 2012
November 10, 2011 - To help you plan for upcoming changes, Freddie Mac is notifying you about a future Uniform Loan Delivery Dataset (ULDD) data collection requirement.Foreclosure and Bankruptcy Referrals in New York
November 10, 2011 - Freddie Mac is announcing a change to our Designated Counsel Program in New York.
Reminders & Notices
Presidents Day Systems and Customer Support Schedule
Check out Freddie Mac's Presidents Day systems and customer support schedule.
Updated UMDP On the Right Track Resource Now
Available
Review our updated On the Right Track with the UMDP resource for the latest information on key program milestones and recommended activities you should be aware of while preparing for full adoption of the UMDP.
Important Standard Modification and "Classic" Modification Reminders
Effective January 1, 2012, Servicers must evaluate eligible borrowers for the Freddie Mac Standard Modification. Servicers may no longer evaluate borrowers for the "classic" modification.
Standard Modification Now Available in Workout Prospector
Servicers may now use Workout Prospector® to conduct new borrower evaluations for the Standard Modification and import data of borrowers who have been approved for a Standard Modification trial period plan.
The information found in the Single-Family News Center is not a replacement or substitute for information found in the Single-Family Seller/Servicer Guide and/or the terms of your Master Agreement and/or Master Commitment.