No-Activity Fee to be Assessed Beginning
December 17, 2013
As a Freddie Mac Seller/Servicer, it is important that you are aware of the upcoming implementation of the no-activity fee beginning in January 1, 2014.
As announced in Single-Family Seller/Servicer Guide (Guide) Bulletin 2013-12 effective January 1, 2014, Seller/Servicers that have not sold a loan to Freddie Mac in the last three years and were not servicing a loan for Freddie Mac as of December 31 of the immediately preceding calendar year will be assessed the $7,500 no-activity fee.
For More Information
- Refer to Guide Bulletin 2013-12.
- Contact your Freddie Mac representative.