Now Live in Loan Selling Advisor®

New Home Possible Advantage® Warning Edit

Effective January 18, 2021, a warning edit was implemented for loans delivered with valid value “Home Possible Advantage” for Uniform Loan Delivery Dataset (ULDD) data point Loan Program Identifier (Sort ID 404) notifying the user that Home Possible Advantage is no longer a valid value. This warning edit will become a critical edit on April 26, 2021.

User Experience Improvements

As of February 1, 2021, our loan delivery “purchase eligibility” messaging display has a new look and feel. The enhanced table format, along with various general usability enhancements, on View Evaluation Issues pages will improve your overall experience in remediating purchase eligibility messages. 

Coming Soon in Loan Selling Advisor

Key Deadline for Loans in COVID-19 Forbearance

Sellers have until February 28, 2021, to deliver and complete settlements for eligible mortgages in COVID-19 forbearance. Our temporary requirements for such mortgages were first announced in Freddie Mac Single-Family Seller/Servicer Guide (Guide) Bulletin 2020-12 and were last extended on November 13 with Guide Bulletin 2020-44. Mortgages in COVID-19-related forbearance with note dates after December 31, 2020, are not eligible for sale.

Updated Delivery Requirements for Freddie Mac Affordable Seconds®

As announced in Guide Bulletin 2020-26, effective March 1, for mortgages with non-amortizing Affordable Seconds originated using the enhanced Loan Product Advisor® version 5.0.06 or later, clients are no longer required to deliver the valid value of “G18” for ULDD data point, Investor Feature Identifier (Sort ID 368) in Loan Selling Advisor. Review our ULDD Data and Delivery Resources for more information.

Cash Pricing & Contracting Improvements for Cash-Specified Payups

Later this spring, we’ll enhance our cash-specified payup processes to incorporate all cash-specified payup values as a part of the cash prices displayed in Loan Selling Advisor.

With this enhancement, you’ll no longer need to factor in a separate value for the cash-specified payup when generating a Freddie Mac price sheet or creating a cash contract. Our cash-specified payup prices will soon be reflected within your mandatory fixed-rate product level pricing results.  

As part of our enhanced process, we’ll no longer publish the daily cash-specified payup grid (currently available as XML or PDF format) as a separate link on the Freddie Mac Price Sheet Result screen. 

Stay tuned for additional implementation details and testing availability dates.

CMT-indexed ARMs Retirement

As announced in the Guide Bulletin 2021-4, Freddie Mac will not purchase any Constant Maturity Treasury (CMT)-indexed ARM with an application received date of July 1, 2021 or later. We recommend that you clear your CMT contract pipeline prior to October 1, 2021, as we’ll no longer purchase CMT-indexed ARMs on or after October 1, 2021, regardless of the application received date or note date.

Effective October 1, 2021, pricing requests for CMT cash contract products will no longer be available via the request Freddie Mac cash price sheet process.