Single-Family News Center: Servicing
Come See Us May 20 – 23 at MBA Secondary in New York City!
Visit Freddie Mac in booth 112 or our Client Central room at the New York Marriott Marquis. See how we're Reimagining the Mortgage ExperienceSM.
May 21 Servicer Performance Profile Updates
April 25, 2018 - We're updating the login URL and certain report names due to an upcoming software upgrade.
Updated Property Values for Borrowers Impacted by Eligible Disasters
April 20, 2018 - We recently updated BPODirect with the most recent pre-disaster property values. Please use these values when evaluating borrowers for a Flex Modification.
Subsequent Transfers of Servicing, Modifications and More in Guide Bulletin 2018-6
April 11, 2018 - Guide Bulletin 2018-6 announces updates to subsequent transfers of servicing, mortgage modifications and more.
Go-live Date for New UMBS Announced
March 28, 2018 - The Federal Housing Finance Agency announced June 3, 2019, as the go-live date for the new Uniform Mortgage-Backed Securities. Freddie Mac and Fannie Mae will begin issuing these securities on this date, creating the new GSE combined market of TBA eligible securities.
Extension of Foreclosure Sale Suspension in Puerto Rico and the U.S. Virgin Islands
March 07, 2018 - Guide Bulletin 2018-4 extends the suspension of all foreclosure sales in Puerto Rico and the U.S. Virgin Islands for two more months through May 31, 2018.
Clarification on EDR Default Action Codes for Extend Modification
March 01, 2018 - In response to your feedback, we're clarifying required Electronic Default Reporting default action codes related to the Extend Modification.
Are You Ready for New Imminent Default Evaluations in Workout Prospector?
February 26, 2018 - Workout Prospector® now captures imminent default evaluations for Freddie Mac Flex Modifications®.
Guide Bulletin 2018-2: Charge Off Recommendations, Document Custody Requirements and More
February 14, 2018 - Servicing Guide Bulletin 2018-2 includes updates to charge off recommendations, document custody requirements and more
Loan Product Advisor® to Generate Alphanumeric Values for LP Keys
January 31, 2018 - Loan Product Advisor will begin generating alphanumeric values for LoanProspectorKeyIdentifier (LP Key) this summer. Begin reviewing any systems that use or store LP Keys to ensure that alphanumeric values are accepted.
Important UCD Update
January 30, 2018 - Starting June 25, Uniform Closing Dataset (UCD) edits will turn critical/fatal and the Borrower Closing Disclosure PDF must be embedded for all loans with an associated UCD submission.
Freddie Mac Flood Insurance Requirements Remain Unchanged Despite a Lapse in the National Flood Insurance Program
January 22, 2018 - The National Flood Insurance Program's (NFIP) authority to issue new and renewal policies and increase coverage on existing policies expired on January 20, 2018. Our policies on flood insurance remain unchanged.
Federal Government Shutdown Will Not Impact Freddie Mac Operations
January 22, 2018 - The current federal government shutdown will have no direct impact on Freddie Mac, since we are not a government agency and are not funded through the congressional appropriations process.
Register Now to Test Our Investor Reporting Changes
January 09, 2018 - We continue to make progress on the Investor Reporting Change Initiative, and we'll soon be entering the testing phase of the project. Register today to test our investor reporting changes.
Request for Input: Alternate Credit Scores
January 08, 2018 - Freddie Mac encourages stakeholders to respond to a Request for Input on alternate credit scores, as issued by our regulator, the Federal Housing Finance Agency (FHFA).
Guide Bulletin 2017-29 Extends Foreclosure Sale Suspensions in Puerto Rico and the U.S. Virgin Islands
December 20, 2017 - With Guide Bulletin 2017-29 we are extending the suspension of all foreclosure sales in Puerto Rico and the U.S. Virgin Islands through March 31, 2018.
New Duty to Serve Plan Supports Underserved Markets
December 18, 2017 - Today, we published a comprehensive, three-year Duty to Serve plan for working with the mortgage industry, housing groups and other stakeholders.
Guide Bulletin 2017-27 Includes Updates and Reminders for Servicers
December 13, 2017 - Guide Bulletin 2017-27 notifies Servicers that Workout Prospector® will be updated by February 26, 2018 to accommodate data submissions and reporting of the new imminent default evaluation requirements and more.
Update on the UCD Seller Data Requirement
December 12, 2017 - Freddie Mac and Fannie Mae (the GSEs) no longer require the Seller CD PDF as part of the UCD XML file submission.
Consolidated Scorecard Now Available
December 12, 2017 - Today, your enhanced consolidated Servicer Success Scorecard is available with synthetic performance, trend, and rank data.
Holiday Eviction Suspension: December 18, 2017 through January 2, 2018
December 11, 2017 - Freddie Mac is suspending all scheduled eviction lockouts from December 18, 2017 through January 2, 2018.
Reminder & Notices
Single Security Updates
We've put together resources for Seller/Servicers to help you determine what changes and business opportunities you need to prepare for.
Freddie Mac Updates Fraud Mitigation Best Practices
The Freddie Mac Financial Fraud Investigation Unit (FFIU) has updated and posted online its comprehensive Single-Family mortgage fraud mitigation best practices document.
Historical Guide Snapshots (PDFs)
Check out the historical snapshots of our Single-Family Seller/Servicer Guide, which capture the Guide requirements as of a specific date, in easy-to-use PDF format.
The information found in the Single-Family News Center is not a replacement or substitute for information found in the Single-Family Seller/Servicer Guide and/or the terms of your Master Agreement and/or Master Commitment.