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Subsequent Transfers of Servicing, Modifications and More in Guide Bulletin 2018-6

April 11, 2018

With Single-Family Seller/Servicer Guide (Guide) Bulletin 2018-6, we’re making changes to simplify the user experience and provide greater efficiency when servicing Freddie Mac mortgages. The changes include:

  • Automating subsequent transfers of servicing requests and approvals.
  • Introducing a new process to facilitate the move of servicing of one or more mortgages from one Seller/Servicer number to another (“intra-servicer portfolio move”).
  • Providing more specific guidance regarding cancelations of borrower-paid mortgage insurance. 
  • Updating our mortgage modifications requirements related to:
    • Home Affordable Modification Program℠ (HAMP®).
    • Escrow shortage and advance repayment.

For details on these changes and other important updates, read Guide Bulletin 2018-6 or contact your Freddie Mac representative.