Coming Soon in Loan Selling Advisor

GSE Cash Cap Webinar: Preparing to Move from Cash to Guarantor

Register now for this free training hosted by MIAC, on May 20th, and learn how Freddie Mac and MIAC are partnering to support the exchange of mortgages for securities, the optimization of liquidity and profitability, and the management of securitization risks.

GSE Overall Condition Type of C5 and C6 Appraisal Restrictions

Effective May 24, Loan Selling Advisor will fire a critical edit when the GSE Overall Condition Type is ‘C5’ or ‘C6’ in Loan Collateral Advisor®. This new purchase restriction enforces our existing property eligibility and appraisal requirements as outlined in the Freddie Mac Single-Family Seller/Servicer Guide (Guide) Section 5601.12. The critical edit does not apply when Uniform Loan Delivery Dataset (ULDD) Sort ID 51, Refinance Program Identifier, has a valid value of Enhanced Relief Refinance. Validate your Loan Collateral Advisor results before you deliver to ensure you’re ready for this critical edit.

Cash-Released XChange® SRP Pricing Based on Property Usage Type

Effective June 7, Cash-Released XChange® (CRX) servicing buyers may begin adjusting servicing released premiums (SRPs) based on a loan’s property usage type. Sellers will also have the option to provide a valid value for Property Usage Type in the Additional Servicing Released Attributes section when taking out a CRX contract or generating a cash rate sheet.

SRPs for CRX mortgages are always final on the funding date, and loan-level prices are determined at contract allocation. Providing optional information in the Additional Servicing Released Attributes section of the contract and rate sheet screens may improve SRP price certainty between the contract and loan-level pricing processes. 

Online help and other technical resources for taking out contracts or generating rate sheets will be updated soon!

CMT-indexed ARMs Ineligible for Sale if Application Received Date is July 1 or Later

Effective July 1, Loan Selling Advisor will fire a critical edit to prevent delivery of Constant Maturity Treasury (CMT)-indexed adjustable rate mortgages (ARMs) that have an application received date of July 1, 2021 or later.   

This new purchase restriction aligns with our announcements to retire CMT ARMs in Guide Bulletin 2020-1 and Bulletin 2020-4.

Later this fall, Loan Selling Advisor will be updated to prevent delivery of CMT-indexed ARMs with a settlement date on or after October 1, 2021.

Now Live in Loan Selling Advisor

Guarantor Rate Sheet Enhanced with Pricing Day and Pricing Identifier

You can view, print and export pricing identifier and pricing day information from the guarantor rate sheet.

Effective April 26, the pricing identifier is now displayed across all Guarantor Rate Sheet screens, including all related pop-up screens within each section. Plus, there’s a new section for pricing day information, at the bottom of the main Guarantor Rate Sheet results screen.

Finally, we’ve modified your guarantor pricing identifier terms contract to remove the pricing day language, since it’s now available in the tool.

Access our guarantor pricing and contracting resources online.

Check Out Our New Training and Webinar Resources

  • Single-Family’s Sell for Securities Roadmap: Use this interactive roadmap to guide you through the process of doing guarantor business with us. 
  • Settlement Dates for Securities Calendar: This calendar, issued on a rolling 9- to 12-month period, can assist you in tailoring your settlement activities for mortgages sold under the Guarantor and MultiLender Swap Programs.
  • Guarantor Rate Sheet: This five-minute tutorial will help you understand guarantor rate sheets, rate sheet components and how to generate and export them.
  • Vice Capital/Legend Lending Case Study: Find out how application programming interface (API) integration brought out the best of Cash-Released XChange® for Legend Lending, a Texas-based lender.