Guide Bulletin 2018-9: Consolidates Forbearance Plan Offerings, Offers Re-employment Services for Borrowers and More
June 13, 2018
Single-Family Seller/Servicer Guide (Guide) Bulletin 2018-9 announces updates to help you better meet your borrowers’ needs. This Bulletin:
- Consolidates requirements for short-term, long-term and unemployment forbearance plan offerings into a single policy.
- Introduces NextJob re-employment services for borrowers with Freddie Mac Home Possible® mortgages in Duty to Serve high-needs areas.
- Updates special insurance policy endorsement requirements for condominium and planned unit development projects.
Please review the Bulletin for details on the above and additional Guide updates that may be important for your business.
Other Reminders for Servicers
New Imminent Default Evaluation Process
Beginning July 1, 2018, the new imminent default evaluation business rule requirements are mandatory for imminent default evaluations. Check out our tutorial for more information.
You’re Invited: Investor Reporting Change Initiative Webinars
To make your investor reporting transition as smooth as possible, we're providing FREE webinars to help you understand and implement the upcoming remittance and reporting changes. Sessions begin June 19, 2018. Click here to register and check for upcoming sessions.