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Guide Bulletin 2017-26: Updates to Credit Underwriting and Mortgage Eligibility Requirements, Loan Product Advisor and More

November 15, 2017

Single-Family Seller/Servicer Guide (Guide) Bulletin 2017-26 announces a variety of selling changes to help simplify and streamline your processes and make doing business with us easier. With this Guide Bulletin we are:

  • Providing an additional financing option by allowing 5-year ARMs as an eligible product for Home Possible®, Freddie Mac Relief RefinanceSM, and Financed Permanent Buydown Mortgages.
  • Streamlining the origination process by revising borrower income and eligibility requirements for Home Possible Mortgages.
  • Expanding origination opportunities by allowing the purchase of Texas Equity Section 50(a)(6) ARMs.
  • Removing the requirement to manually calculate additional required reserves as a result of Loan Product Advisor® enhancements.
  • Updating the Guide to rebrand the Selling System® to Loan Selling AdvisorSM.
  • Adding non-discrimination language to the Guide prohibiting discriminatory business practices.

For More Information

  • Read Guide Bulletin 2017-26.
  • Review the updated Loan Product Advisor feedback messages for 5-year ARMs and Cooperative Share Mortgages.
  • Read our article on calculating required reserves.
  • Take the Get to Know Loan Selling Advisor webinar.
  • Contact your Freddie Mac representative.