News & Insights
December 2, 2024
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
Industry trends, marketplace dynamics and much more.
Use the filters to find topics of interest or browse all articles to see the full range of available articles and insights.
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Technology Updates | March 30, 2021
Announcing New and Upcoming Loan Selling Advisor® Enhancements
We’re constantly improving Loan Selling Advisor® for a better user experience and to make it easier for you to deliver loans to Freddie Mac. We’re announcing some new and upcoming changes for Loan Selling Advisor, and related tools, that will do just that.
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Technology Updates | March 11, 2021
Guarantor Rate Sheet Enhancements in Loan Selling Advisor®
Get ready for new enhancements to our Loan Selling Advisor® guarantor rate sheet.
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News Articles | March 11, 2021
True Lies: A Child Support Ruse
In two recent cases, we found fraud in an unsuspected place – child support documentation used as borrower income.
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News Articles | March 3, 2021
Guide Bulletin 2021-9: Flexibilities for QC Reviews, Income, Employment Verifications and Other Updates
This Bulletin announces updates to quality control, power of attorney, income and employment verification, open-end accounts, mortgage insurance, and certificates of incumbency.
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Technology Updates | March 2, 2021
New LPA Enhancements and March 1 URLA Mandate Have Arrived
The enhanced LPA (v5.0.06) has arrived. So has the March 1 URLA mandate. Check out what’s new and where you can get more information for an easier transition. Read about the latest feedback message updates, which include various effective dates, that will help you make quicker decisions and underwrite more loans.
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News Articles | February 26, 2021
Discontinue Using Home Possible Advantage®
Effective April 26, 2021, if you submit or deliver Home Possible Advantage® loans through Loan Product Advisor® or Loan Selling Advisor®, you’ll receive an error message that the Home Possible Advantage identifier is no longer an eligible affordable program. You should resubmit the loan and select a valid option.
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News Articles | February 16, 2021
Uniform Residential Loan Application March 1 Mandate and Messaging Updates
Freddie Mac and Fannie Mae (the GSEs) published a joint announcement reminding lenders of the fast approaching March 1, 2021 URLA mandate. It was also announced that effective May 1, 2021, new loans submitted using the legacy URLA format will no longer be accepted and will return a critical edit on loan application files with an “Original Submission Date” on or after May 1, 2021.
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News Articles | February 11, 2021
We’re Looking Closely at the Impacts of the PSPA Amendments
The amended PSPA includes notable requirements that may impact how you do business with us.
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Technology Updates | February 8, 2021
Check out Loan Selling Advisor® Enhancements, New System Edits and More
Learn about new and upcoming tool enhancements, system edits and key deadlines for Loan Selling Advisor®.
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News Articles | February 3, 2021
Guide Bulletin 2021-4: Updates to POA, CMT-indexed ARMs, Asset Verification and More
This Bulletin announces updates to powers of attorney, CMT-indexed and LIBOR-indexed ARMs, asset eligibility and documentation requirements, Internal Revenue Service Form 4506-T and more.