Bookmark the Freddie Mac Loan Advisor® URL to Log In to Loan Selling Advisor®

On September 18, 2021, the Loan Advisor URL to log in to Loan Selling Advisor was retired to help strengthen the security of our tools and safeguard information.

Remember to use the following new URL. Your credentials will remain the same.

https://las.freddiemac.com/lsp_public/#/

Once logged in, update your bookmarks with the new URL. The old URLs have been retired, so please remember to delete them from your bookmarks. 

CMT-indexed ARMs Are Retiring

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

Effective October 2, 2021, pricing requests for CMT cash contract products will no longer be available via the request cash price sheet process.  

The following Loan Selling Advisor specifications have been updated to support the retirement of CMT-indexed ARMs:

For further information about the retirement of CMT-indexed ARMs, refer to Guide Bulletin 2021-4.

New $250K Low Loan Balance Cash-Specified Payup and Testing Opportunity

As announced on September 14, 2021, the inclusion of a new $250K Low Loan Balance (LLB) will be live on October 12, 2021, with other enhancements to the Cash Specified Payup Process announced in our August 4, 2021, Guide Bulletin 2021-27.

To help you prepare, view our Loan Selling Advisor website preview or try out the enhanced cash-specified payup pricing processes in our pre-release customer test environment (CTE).

Access our pre-release CTE here or copy and paste the following link into your web browser: https://las-uat3.fmappsuat.fmrei.com/lsp_uat3/las-sec/

This is a unique testing environment that will require a special set of credentials. If you haven’t received this information or have questions, please contact your Freddie Mac representative or our Customer Support Contact Center (800-FREDDIE).

We have also updated the  Loan Selling Advisor Import Cash Contract Specification to include the new $250K LLB Cash-Specified Payup.

Free Webinar: Cash Price Sheet Enhancements and Other Training Resources

Sign up for a free, one-hour webinar on Tuesday, September 28, where we’ll discuss the upcoming Loan Selling Advisor cash price sheet enhancements going into effect on October 12.

  • Webinar Title: Cash Price Sheet Enhancements
  • Date: Tuesday, September 28, 2021
  • Time: 2 p.m. ET – 3 p.m. ET

Cash-Released XChange® Update: U.S. Bank Joining as New Document Custodian

Beginning November 1, 2021, U.S. Bank will join Bank of NY Mellon (BNYM) as a Document Custodian through which you can certify your notes when you sell through Cash-Released XChange®.

If you prefer to continue using BNYM, no further action is required.

To use U.S. Bank as your preferred Document Custodian:

All the Seller’s notes will be required to be certified by the preferred document custodian after the effective change date.

Sellers can begin submitting requests to use U.S. Bank as their preferred Document Custodian today.

Maximum LTV/TLTV Ratio Increase for Home Possible® Mortgages

As announced in the Guide Bulletin 2021-29, effective for mortgages with settlement dates on and after November 15, 2021, we are increasing the maximum loan-to-value (LTV) ratio to 95% and total LTV (TLTV) ratio to 105% for certain Home Possible® mortgages to help meet affordable lending solutions and to increase housing supply opportunities for borrowers.

For mortgages with Affordable Seconds®, the TLTV ratio may exceed the limits stated in the above referenced Guide Bulletin and Guide Section 4501.10, provided it does not exceed 105% and the mortgage is not a super conforming mortgage.

Retirement of A-minus and Affordable Merit Rate® Mortgages

As announced in Guide Bulletin 2021-29, effective for mortgages with settlement dates on and after January 1, 2022, A-minus and Affordable Merit Rate® mortgages will be removed from the Guide as Loan Product Advisor® no longer returns A-minus eligibility for Caution mortgages.

As a result of this update, the CS/LTV (“A-Minus Fees”) Credit Fees in Price will no longer be assessed and will be removed from Exhibit 19, Credit Fees in Price. Any mortgages that previously would have been subject to the A-Minus Fees will be assessed Indicator Score/Loan-to-Value (IS/LTV) Credit Fees in Price as applicable.

The IS/LTV Credit Fee in Price amounts remain unchanged. Sellers should refer to Exhibit 19 and their other Purchase Documents for additional information.

Loan Selling Advisor will be updated to reflect these retirements.