Important changes to delivery fees announced with our March 13 Guide Bulletin

With the March 13, 2008 Single-Family Seller/Servicer Guide (Guide) Bulletin, we announced the following changes to our delivery fee rates:  

• Effective immediately, we are suspending implementation of the 30 basis point postsettlement delivery fee for mortgages with loan-to-value (LTV) / total LTV (TLTV) ratios greater than or equal to 80 percent and minimum Indicator Scores less than 740 announced in our February 21, 2008 Bulletin.
• Effective for Freddie Mac settlements on or after June 1, 2008, we are:
• Expanding our use of risk-based pricing by revising our delivery fee rate structure and delivery fee rates for cash-out refinances.
• Implementing new LTV ratio ranges with delivery fee rates for mortgages secured by 2- to 4-unit properties.

These delivery fee rate changes will be effective for all flow executions, and are in addition to the delivery fees and fee rate changes we’ve recently announced.

For more information

As you prepare for these changes, it is important that you:

• Review our March 13 Guide Bulletin [PDF 205K] and the revised Exhibit 19, Postsettlement Delivery Fees [PDF 183K].
• Refer to our summary of all upcoming delivery fee rate changes and effective dates.
• Contact your Freddie Mac Account Manager or (800) Freddie if you have any questions related to these changes.
• Watch for additional information on updates we will be making to Loan Prospector® and the selling system to reflect these changes.