Delayed Effective Date of Updates Related to Single Security
July 27, 2017
Freddie Mac moved the adoption date of the new securities disclosure format for the Single Security initiative to August 28, 2017 from July 31, 2017.
The effective date for the following revisions, as announced in Single-Family Seller Servicer Guide (Guide) Bulletin 2017-7, will be moved to August 28, 2017 as well.
- Updating the MultiLender Swap posting information to include the prefix for each MultiLender PC Pool and the renaming of existing MultiLender PC Pool information
- Updating Guide Forms 15A, Settlement Summary – Fixed Rate Guarantor, and 15C, Settlement Summary – Weighted Average Coupon ARM PC, to add the prefix
The Selling System® will now display the new prefix on August 28, 2017, on applicable screens for Guarantor and MultiLender Swap Contracts.
As a reminder, these are minor requirement and system changes and will not change the way you do business with us. We are taking these early steps to help ensure a smooth transition to the Single Security in 2019.