News & Updates
July 2011
Revisions to Authorized Changes page for Modification/Special Purpose Documents
Please note there have been technical corrections to Home Affordable Modification Agreement authorized changes.
Revisions to the Spanish translation of Authorized Changes page for Home Affordable Modification Program Documents
The Spanish translation of the Authorized Changes for Home Affordable Modification Program Documents has been revised to reflect the technical corrections to the Home Affordable Modification Agreement.
Revisions to the Spanish Translation of the Home Affordable Modification Agreement
The Spanish translation of the Authorized Changes for Home Affordable Modification Program has been revised to reflect the technical corrections to the Home Modification Agreement announced in October 2010.
The revised Home Affordable Modification Agreement tagline will show a version date of (Form 3157s 3/09 (rev. 10/10)).
October 2010
Revised Home Affordable Modification Agreement
Freddie Mac announced a revised Home Affordable Modification Agreement on October 8, 2010. This revised HAMP Modification Agreement should be used as soon as possible and must be used for HAMP Modifications with a first payment due date on or after March 1, 2011.
The revised Home Affordable Modification Agreement tagline will show a version date of (Form 3157 3/09 (rev. 10/10))
*The Spanish translation has not been revised.
Revisions to Authorized Changes page for Modification/Special Purpose Documents
Please note there have been technical corrections to Home Affordable Modification Agreement authorized changes.
Revisions to the Spanish translation Authorized Changes page for Home Affordable Modification Program
The Spanish translation of the Authorized Changes for Home Affordable Modification Program has been revised to reflect the technical corrections to the Home Modification Agreement.
September 2010
Initial Interest Notes and Initial Interest Riders Discontinued
Freddie Mac has removed all Initial Interest Notes and Initial Interest Riders from our website.
Revisions to Authorized Changes page for Notes
Please note, all references to Initial Interest Notes have been removed from the Authorized Changes to Notes page.
Revisions to List of Single-Family Uniform Instruments
The Single-Family Uniform Instruments list has been updated. A detailed list of all of the Single-Family Uniform Instruments currently provided by Freddie Mac is posted on our website at: http://www.freddiemac.com/uniform/doc/uniflist.doc
Freddie Mac Biweekly Mortgages now Available
Freddie Mac is making available, as a Uniform Instrument, first-lien mortgage notes and riders for biweekly Mortgages. These documents and their use can be found on http://www.freddiemac.com/uniform/unifnotes.html and http://www.freddiemac.com/uniform/unifriders.html
June 2010
Revised Maine Mortgage
Freddie Mac has revised the Maine Mortgage (Form 3020 1/01), Section 22 titled "Lender's Right If Borrower Fails to Keep Promises and Agreements" regarding default notices in order to comply with recent state law changes.
The revised Maine Mortgage tagline will show a version date of (Form 3020 1/01 (rev.5/10)). Loan originators must begin using the revised version immediately.
May 2010
New Freddie Mac HAMP Backup Modification Uniform Instruments now Available
The Freddie Mac HAMP Backup Modification, announced in Guide Bulletin 2010-11, is an alternative solution designed for Borrowers who were initially eligible for a Home Affordable Modification Program Trial Period Plan based on stated income but have been determined to ineligible for a HAMP modification. To support this initiative, we have developed a Freddie Mac Uniform Instrument, Freddie Mac HAMP Backup Modification Agreement (Form 1151), that must be used for a HAMP Backup Modification.
More information about the HAMP Backup Modification is available in Guide Bulletin 2010-11.
Initial Interest Notes and Initial Interest Riders No Longer Available
In Guide Bulletin 2010-7 we announced that we will no longer purchase Initial Interest Mortgages or any Mortgage with an interest only option. Accordingly, effective September 1, 2010 we will withdraw all of the Initial Interest Notes and Initial Interest Riders from the Uniform Instrument website.
March 2010
Home Affordable Modification Trial Period Plan No longer Available
Please note, effective March 1, 2010, the Home Affordable Modification Trial Period Plan (Form 3156, dated 3/09 (rev. 8/09)) announced in our Supplemental Directive 09-07 and October 2009 News & Updates is discontinued.
Please direct Uniform Instrument related questions or comments to the Uniform Instrument Mailbox: Uniform_Instruments@freddiemac.com
Inquiries relating to other topics should be submitted using the Contact Us feature on Freddiemac.com