Implementing borrower notifications consistent with the Helping Families Save Their Homes Act of 2009

On June 19, 2009, Freddie Mac began notifying borrowers by letter when their mortgage loan is assigned, sold or transferred to Freddie Mac or to a trust for which Freddie Mac serves as trustee. This notification is for informational purposes only and is consistent with Section 404 of the Helping Families Save Their Homes Act of 2009, which was enacted on May 20.

As noted in our June 17 Single-Family Advisory e-mail, as a Freddie Mac Seller/Servicer, you are not required to take any action on behalf of Freddie Mac at this time. You do not need to notify borrowers of a transfer in ownership to Freddie Mac when you deliver mortgages to us. Please review our sample borrower notification to prepare your customer service staff should they receive questions from borrowers about this notice.