Single-Family News Center: Originate and Underwrite

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.

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.

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.

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.

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.

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.

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.

Low Activity Fee Changed to No-Activity Fee with Guide Bulletin 2013-12
June 25, 2013 - Based on your feedback, the implementation of the low activity fee introduced in an earlier Guide Bulletin is being revised to be a “no-activity fee.”

Loan Quality Advisor Availability Announced in Guide Bulletin 2013-11
June 24, 2013 - Today’s Guide Bulletin announces the availability of Loan Quality Advisor^SM and updates and revisions to our requirements to help support the use of this tool.

Update: Loan Prospector June 23 Release Rescheduled to July
June 19, 2013 - To ensure that Loan Prospector continues to be a quality tool that you can count on in your loan origination process, we have chosen to move the Loan Prospector release date. The original release date of June 23, 2013 has been rescheduled to July 22, 2013.

Reminder: New ARMs Caps and Qualification Requirements Effective July 1
June 04, 2013 - As a reminder, the revised Initial and Periodic Caps and qualification requirements for certain adjustable rate mortgages (ARMs) are effective for mortgages with settlement dates on or after July 1, 2013.