Single-Family News Center: Originate and Underwrite
New Activity Thresholds, Low Activity Fee, and Other Updates in Guide Bulletin 2013-8
May 15, 2013 - Read about our new Seller/Servicer activity thresholds and the Low Activity Fee assesed to Seller/Servicers that do not meet at least one of the thresholds. Today’s Guide Bulletin also includes other selling and servicing requirement updates and additional information you need to be familiar with to do business with Freddie Mac.
Update Loan Prospector May 12 Release
May 14, 2013 - The Loan Prospector® May 12 release enhancements were successfully implemented as scheduled. The Loan Prospector implementation date reflecting revised qualification requirements for ARM products with initial adjustment periods of five years or less has changed from July 1, 2013, to July 14, 2013.
Freddie Mac Issues Industry Letter on ATR/QM Rule Following FHFA Directive
May 06, 2013 - We issued an Industry Letter announcing that, as directed by the Federal Housing Finance Agency, we will be limiting our future purchases in support of the final rule issued by the Consumer Financial Protection Bureau.
Identify Purchase Eligibility Issues Using Our New Loan Quality Advisor Tool
April 30, 2013 - Loan Quality AdvisorSM (LQA) is our newest Web-based risk and eligibility assessment tool that gives you an automated way to identify credit, data, and purchase eligibility issues before you deliver loans to Freddie Mac.
Positioning Your Business for Success with Greater Purchase Certainty
April 30, 2013 - Our new Greater Purchase Certainty initiative is one way we’re providing our customers with greater certainty and comprehensive support.
Freddie Mac will be at the Upcoming MBA National Secondary Conference & Expo 2013
April 26, 2013 - Visit us at our Customer Information Center at the MBA National Secondary Conference & Expo 2013 in New York. Find out how we are making it easier to do business in today’s housing market.
Loan Prospector June 23 Release
April 24, 2013 - On June 23, 2013, we will update Loan Prospector to provide specific details in our purchase eligibility feedback messages.
April 2013 UCDP Release Notification and UAD Update
April 16, 2013 - We are providing you with the April 2013 Uniform Collateral Data Portal® (UCDP®) Release Notification and Uniform Appraisal Dataset (UAD) Update to announce the June 22, 2013, implementation of the first phase of the conversion of current UAD compliance warning edits to fatal UAD edits in the UCDP.
HARP Extended by Another Two Years to December 2015
April 12, 2013 - The Federal Housing Finance Agency has directed Freddie Mac and Fannie Mae to extend the Home Affordable Refinance Program by two years to December 31, 2015.
New CreditSmart® Online Training Course for Consumers
April 10, 2013 - Freddie Mac has launched a new CreditSmart consumer web-based training course.
National Mortgage Insurance Approved as Mortgage Insurer
March 25, 2013 - Effective April 1, Sellers can deliver mortgages insured by National Mortgage Insurance
Loan Prospector May 12 Release
March 20, 2013 - To provide you with greater purchase certainty that the loans you sell to Freddie Mac will meet our eligibility requirements, Loan Prospector® will be updated on May 12, 2013.
Update: Loan Prospector February 10 Release
February 15, 2013 - The Loan Prospector February 10 release enhancements were successfully implemented as scheduled. After the release was implemented, the decision was made to remove the following new authorized user account feedback message from Loan Prospector due to inconsistencies in the way the authorized user information is being displayed on credit reports.
Revised Relief Refinance Mortgage Requirements and ULDD Transition Period Announced in Guide Bulletin 2013-2
January 31, 2013 - Learn more about our revised delivery date requirement and new guidance on lender contribution for Relief Refinance Mortgages. Plus we announced a Phase II ULDD transition period that begins in May 2014.
New UAD Update and UCDP Release Notification
January 29, 2013 - We are providing you with the January 2013 Uniform Appraisal Dataset (UAD) Update and Uniform Collateral Data Portal® (UCDP®) Release Notification to announce the first phase of the conversion of current UAD compliance warning edits to fatal UAD edits in the UCDP.
New Functionality and Guide Archiving through AllRegs
January 28, 2013 - To help you keep track of Guide changes, we are adding a new AllRegs® functionality that makes historical Guide changes available. We are also implementing other enhancements to the Guide for your added convenience.
Loan Prospector February 10 Release
December 19, 2012 - To help provide you with greater efficiencies in your loan manufacturing process, Loan Prospector® will be updated on February 10, 2013. This update supports our commitment to enhance our technologies and help provide you with purchase certainty and more confidence in the loans you deliver to Freddie Mac.
New Selling Representation and Warranty Framework Takes Effect in the New Year
December 17, 2012 - Are you prepared for the new selling representation and warranty framework? Review the eligibility requirements and our QC processes that support the new framework and apply to mortgages you deliver beginning January 1.
Updated Documentation Requirements Provide More Flexibility as Announced in Guide Bulletin 2012-28
December 14, 2012 - We are revising our requirements for verbal verification of employment, verification of existence of business, and secondary financing documentation. These changes are intended to provide more flexibility when doing business with Freddie Mac.
Clarification of Expiration Date and New Delivery Deadline for Relief Refinance Mortgages
November 19, 2012 - We are revising the eligibility requirements for our Freddie Mac Relief Refinance Mortgages offering to base the expiration date of the offering on “Application Received Date” instead of the note date of the mortgage.
Reminder & Notices
Memorial Day Systems and Customer Support Schedule
Check out Freddie Mac’s Memorial Day systems and customer support schedule.
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.