February 10, 2025
Servicing Excellence is a multi-year initiative to strengthen the Servicing industry through reciprocal top-quality performance from Freddie Mac and our servicing stakeholders. It’s our strategy to deliver more—and to expect more.
By The Single-Family Team, Freddie Mac
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Here’s how ULLD is changing to respond to the CMT-indexed ARMs retirement, previously announced Freddie Mac Single-Family Seller/Servicer Guide Bulletin updates and implementation note updates to align the specification with current business usage.
This Bulletin features updated requirements for second home and Investment Property Mortgages in compliance with the amended Senior Preferred Stock Purchase Agreement (PSPA).
An older housing stock, if not well-maintained, is associated with issues such as energy efficiency and the preservation of affordable housing. However, aging housing stock is a pervasive problem throughout the country.
This Bulletin updates our requirements in response to the PSPA and the Revised General QM Rule and specifies which mortgages Freddie Mac will continue to purchase and under what conditions those mortgages may be purchased.
This Bulletin announces updates to Reimagine Servicing® including rolling out of PAID (Payments Automated Intelligent and Dynamic) and retirement of Reimbursement System, and retirement of Form 1128.
This Bulletin introduces Refi Possible℠, a new “no cash-out” refinance Mortgage option that provides flexibility and product enhancements to support refinances for Borrowers at or below 80% of the AMI.
Freddie Mac announces anticipation of the replacement index for COFI will be a new index administered by Freddie Mac.
This Bulletin announces requirements and effective dates related to our purchase of loans subject to the Qualified Mortgage (QM) Rule and originated relying on the GSE patch.
This Bulletin announces updates to affordable lending, income and assets, automated collateral evaluation (ACE) appraisal waiver offers, second home and investment property mortgage eligibility, and more.
We’re making more updates to Loan Product Advisor® (LPA℠) feedback messages to provide clarity around merged credit reference numbers, an IRS tax transcript form number, fund verification requirements and more. Check out the upcoming changes.
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