Resources to Help Plan for the Expanded Relief Refinance Mortgages
November 18, 2011
On November 15, 2011, in support of the expansion of the Home Affordable Refinance Program (HARP), changes to our Freddie Mac Relief Refinance MortgageSM offering were announced in Single-Family Seller/Servicer Guide (Guide) Bulletin 2011-22.
The enhancement of the Relief Refinance Mortgages – Same Servicer and Relief Refinance Mortgages – Open Access offerings was designed to provide you with greater opportunity to reach more eligible borrowers.
To help you understand the revised program requirements and different implementation dates, make sure to take advantage of the following Freddie Mac resources:
- Review our Summary of Changes to the Freddie Mac Relief Refinance Mortgage Offering Eligibility Requirements for a comparison of the revised and current requirements.
- Register for our Freddie Mac Relief Refinance Mortgage webinar scheduled for December 1, 7, 15, and 19.
- Refer to our Freddie Mac Timeline of Changes for Relief Refinance Mortgages to help plan for pipeline coverage and program adoption.
- Review Chapters A24, B24, and C24 of the Guide for the detailed requirements of our Relief Refinance Mortgage offering.
- Read the November 15, 2011 Guide Bulletin 2011-22 for highlights of the updated requirements.
In the near future, we will be posting other updated tools and resources on FreddieMac.com, including:
- Relief Refinance Mortgages – Same Servicer fact sheet
- Relief Refinance Mortgages – Open Access fact sheet
- Frequently Asked Questions
With the enhanced program offerings, the major barriers that limited HARPs reach have been addressed, providing the opportunity to help more homeowners refinance into mortgages with terms that better position them for long-term homeownership. If you have questions about the revised program requirements, call your Freddie Mac representative or 800-FREDDIE.