Single-Family News Center

Information Related to CFPB Final Rule on ATR and Our New Mortgage Eligibility Requirements in Today’s Industry Letter
October 01, 2013 - Review today's Industry Letter supporting your preparation for our upcoming purchase eligibility requirement changes announced in Guide Bulletin 2013-16 as part of our response to the CFPB final rule. Information is focused QC practices, points and fees, and documentation and record retention.

Updates to Condominium Delivery Fee, Relief Refinance Mortgages and Asset Documentation Announced in Bulletin 2013-18
September 24, 2013 - Review Guide Bulletin 2013-18 for selling and servicing updates including the elimination of the California condominium delivery fee, revised requirements for fraud training and reporting, asset documentation and underwriting borrowers on temporary leave. The Bulletin also announces changes to Relief Refinance Mortgage eligibility requirements.

A Message From Dave Lowman, Executive Vice President, Single-Family Business
September 23, 2013 - We won't be satisfied until all of our customers are experiencing a better, more responsive Freddie Mac.

Guide Bulletin 2013-17 Extends the Freddie Mac Streamlined Modification and Home Affordable Modification Program
September 16, 2013 - Bulletin 2013-17 announces several important changes impacting
delinquent homeowners, including extending the Freddie Mac Streamlined Modificaiton
initiative and the Home Affordable Modification Program.

Investor Accounting Manager Retirement is Delayed
September 13, 2013 - Freddie Mac is delaying the retirement of Investor Accounting Manager^SM(IAM) to ensure that all investor reporting functionality currently available in IAM can be accessed through the Freddie Mac Service Loans application.

Radian Guaranty, Inc. Announces Agreement with Freddie Mac
August 30, 2013 - Read more about Radian's Master Transaction Agreement with
Freddie Mac.

August 2013 Uniform Collateral Data Portal Release Notification and Uniform Appraisal Dataset Update
August 27, 2013 - We are providing you with the August 2013 Uniform Collateral Data Portal® (UCDP®) Release Notification and Uniform Appraisal Dataset (UAD) Update. This notification announces that the second phase of the conversion of current UAD compliance warning edits to fatal UAD edits in the UCDP will occur in early 2014.

ULDD Phase 2 Preparation Tips, Specification Update, and More
August 22, 2013 - Read about the latest ULDD news, including steps to prepare for a smooth implementation.

Guide Bulletin 2013-16 Provides New Mortgage Eligibility Requirements in Response to CFPB’s Final Rule on ATR
August 20, 2013 - Read about our new mortgage eligibility requirements to help you prepare
for the Consumer Financial Protection Bureau’s final rule. With the changes in Guide Bulletin
2013-16, we are supporting your success in today’s housing market by providing further clarity
of Freddie Mac’s mortgage eligibility criteria.

New Disaster Relief Requirements and Updates to Improve Servicer Processes - Guide Bulletin 2013-15
August 15, 2013 - Guide Bulletin 2013-15 announces additional assistance to borrowers impacted by disaster and improved servicing processes to provide greater efficiency.

New Disaster Relief Options and Requirements Announced in Guide Bulletin 2013-15
August 15, 2013 - Read about the new Capitalization and Extension Modification for Disaster Relief that will help Servicers assist borrowers with resolved hardships, who are able to
resume making their pre-disaster mortgage payments.

Court Mandated Modifications in Workout Prospector
August 12, 2013 - Read about Workout Prospector® enhancements that will help speed up approvals and settlements for court mandated modifications.

Freddie Mac Updates Loan-Level Dataset
August 08, 2013 - Freddie Mac updated its Single-Family Loan-Level Dataset today to incorporate two additional quarters of loan originations and loan performance data.

Check out How We're Making a Difference and Moving Housing Forward
August 07, 2013 - We've launched a new microsite, Our Commitment that shows how our work on behalf of homeowners, renters, taxpayers, and the nation is paying off. Check out how our collective efforts are making a difference and moving housing forward.

Loan Prospector Underwriting Feedback Enhancements
August 07, 2013 - In late fall, we are updating Loan Prospector to provide you with more transparency about Freddie Mac’s underwriting guidelines, by enhancing the income documentation feedback messages with more loan specific details and actionable information.

2013 Area Median Income Estimates
August 07, 2013 - Loan Prospector® will be updated on August 25, 2013, with the 2013 Area Median Income estimates.

New Default-Related Legal Services Requirements Are Now in Effect
August 01, 2013 - Learn about the new requirements that are now in effect for law firms selected to handle default-related legal services for Freddie Mac mortgages.

Interest Rate Change to Freddie Mac Standard Modification and Streamlined Modification
July 31, 2013 - Learn more about the new Freddie Mac Standard Modification and Streamlined Modification interest rate.

Guide Bulletin 2013-14 Revises Performance Standards to Optimize Borrower Outcomes
July 31, 2013 - Guide Bulletin 2013-14 eliminates performance standards for complete Borrower Response Package (BRP) and Delinquency Improvement, and revises additional performance standards.

GSEs Developing Standardized Dataset to Support CFPB’s Closing Disclosure Form
July 30, 2013 - The Uniform Closing Dataset is a continuation of ongoing UMDP efforts to standardize the way loan data is defined, captured and delivered.

Loan Prospector Updates Including the Successful Update of Enhanced Purchase Eligibility Messages
July 25, 2013 - As part of our ongoing technology enhancements and our focus on providing you with greater purchase certainty, we are implementing a series of Loan Prospector® updates to help you create greater efficiencies in your loan manufacturing process.

Freddie Mac Sells Off Residential Mortgage Credit Risk
July 24, 2013 - In an effort to bring more private capital to the mortgage securities market and reduce taxpayer risk, today we announced our new credit risk transfer initiative, Structured Agency Credit Risk (STACR).

Updates to Relief Refinance Mortgage Cash Adjustor and Condominium Requirements Announced in Bulletin 2013-13
July 18, 2013 - We are updating the cash adjustor value and applicability for Relief Refinance Mortgages and changing the way you can obtain the cash adjustor value with Guide Bulletin 2013-13. Also review today's Bulletin for other requirement changes on borrower evaluation and condominium project reviews.

Emerging Fraud Trends: Using Credit Privacy Numbers to Falsify a Credit History
July 18, 2013 - With a rebounding market comes new opportunities for fraudsters to take advantage of potential homebuyers. Read about the misuse of credit privacy numbers to manipulate credit records.

Workout Prospector Enhancements
July 15, 2013 - Read about Workout Prospector enhancements that will help streamline the exception reporting and decision making process for Freddie Mac Standard Modifications.

Freddie Mac Announces New Customer Service Level Standards
July 11, 2013 - These Standards provide a way to measure our performance and help identify ways to improve our customers' experience.

Reminder: Loan Prospector July 14 Updates on ARM Qualification Requirements Changes
July 10, 2013 - On July 14, 2013, Loan Prospector® will be updated to reflect revised qualification requirements for adjustable rate mortgages (ARMs) with initial adjustment periods of five years or less for all loan resubmissions with initial submissions prior to May 12, 2013.

Recapture of Cash Premiums for Early Payoffs to Begin with September Invoice
July 09, 2013 - Beginning with August 2013 payoffs, we will begin recapturing premiums for mortgages with early payoffs, a provision announced in Guide Bulletin 2012-11.

Industry Letter Provides Additional Information on Our New Eligibility Criteria
July 02, 2013 - Today’s Industry Letter provides additional information related to possible future Freddie Mac changes in support of the Ability-to-Repay/Qualified Mortgage final rule.

Freddie Mac Continues to Support ULDD Phase 2 Implementation on August 25, 2014
June 27, 2013 - Lenders and vendors should continue to prepare for the Phase 2 ULDD mandate; Freddie Mac is not making changes to the Phase 2 timeline.