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Mortgage Insurance Collaborations Facilitate Workflow, Improve Servicer Experience

Partnering with Servicers and MI companies, we developed Total MI® a cohesive technology suite of tools that uses automation and efficient data exchange to streamline the MI lifecycle. The results are clear: more efficient processes, reduced risk and a better experience for everyone involved.

By The Single-Family Team, Freddie Mac

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  • Market Condition Fee for Refinances Eliminated

    At the direction of FHFA, we will no longer assess the 50 basis points, market condition credit fee in price for certain cash-out and “no cash-out" refinance mortgages, effective for settlements on and after August 1, 2021.

  • Freddie Mac Launches New CreditSmart® Suite of Educational Resources

    To support our efforts and in celebration of the 20th anniversary of Freddie Mac’s CreditSmart®, we’re excited to announce we’ve relaunched our suite of free educational resources that are designed to provide consumers with the skills and knowledge to assist them through every stage of their financial capability and homeownership journey.

  • Cash Specified Payup Pricing Enhancements Coming to Loan Selling Advisor®

    We’re incorporating the specified payup in your cash mandatory fixed-rate product level price results in Loan Selling Advisor®. This means you’ll no longer have to look at a separate grid or calculate an all-in price when generating a Freddie Mac price sheet or creating a cash contract.

  • June Loan Product Advisor Releases

    June Loan Product Advisor® (LPA℠) releases align with the most recent Single-Family Seller/Servicer Guide updates and to help you streamline the way you work. We’ve also made changes because our clients spoke – and we listened. Check out how these improvements can help you get more accomplished in your day.

  • Guide Bulletin 2021-25: Updates Related to Affordable Lending, QC, Uniform Instruments and More

    This Bulletin announces updates to affordable housing and lending, quality control, gift funds, Uniform Instruments, Cash-Released XChange®, and more.

  • Guide Bulletin 2021-24: COVID-19 and Other Servicing Updates

    This Bulletin announces the expiration of the COVID-19 foreclosure moratorium, temporary changes to Freddie Mac Flex Modification® for Borrowers with a COVID-19 hardship and updates to PAID.

  • Updated AUS Specifications and Supporting Documents Published

    Freddie Mac and Fannie Mae (the GSEs) published a joint announcement to notify lenders of updates to their AUS specifications to collect details about interested-party-provided closing costs and subordinate financing. They also addressed fixes and updates in response to critical business needs. Minor updates to supporting documents were also made in response to feedback received during implementation.

  • New Condo Project Advisor Release Identifies Required Documentation for Project Waiver Requests

    The latest Condo Project Advisor® release helps streamline Project Waiver Requests for Pending Litigation and Reserves categories by identifying which documents are required for submission.

  • New Loan Quality Advisor URLs Now Available

    To strengthen the security of our tools and technology and safeguard your information, Freddie Mac will be updating the URLs to access Loan Quality Advisor® through system-to-system (S2S) integration. Access to Loan Quality Advisor through the current URLs will no longer be available after August 31, 2021.

  • Guide Bulletin 2021-23: Extension of COVID-19 Foreclosure Moratorium

    This Bulletin announces an extended effective date for the COVID-19 foreclosure moratorium.