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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Press Release | January 21, 2016
Freddie Mac's Kathleen Caswell to Chair Massachusetts MBA
Kathleen Caswell was inducted as Chair of the Massachusetts Mortgage Bankers Association. She has been a member of the MBA since 1991, and has held various board positions including President.
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News Articles | February 11, 2014
February 2014 UCDP Notification and UAD Update
Freddie Mac and Fannie Mae (the GSEs) are providing you with the February 2014 Uniform Collateral Data Portal® (UCDP®) Release Notification and Uniform Appraisal Dataset (UAD) Update to announce new changes. Those changes are changes to Accepted XML File Formats in UCDP, reminders on Submissions of Appraisals in the UCDP, and implementation of the Third Phase of UCDP Conversion of Fatal UAD Edits.
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News Articles | December 18, 2013
New Obtain Credit Bid Functionality Streamlines Foreclosure Sale Bidding
With Single-Family Seller/Servicer Guide Bulletin (Guide) Bulletin 2013-27, we’re introducing our new Obtain Credit Bid functionality that will provide foreclosure sale bids, referred to as credit bids, to Servicers for foreclosure sale bidding. The Obtain Credit Bid functionality is accessible through the Freddie Mac Service Loans application and must be used for all foreclosure sales occurring on or after March 17, 2014.
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News Articles | November 29, 2013
GSEs Publish ULDD Phase 3 Preview Specification
Fannie Mae and Freddie Mac (the GSEs) are publishing a joint Uniform Loan Delivery Dataset (ULDD) Phase 3 [xls] 'preview' specification to provide lenders and technology vendors with additional time to prepare for their implementation. At the direction of the Federal Housing Finance Agency (FHFA), the GSEs have worked together to identify and align on certain data delivery requirements to support the Consumer Financial Protection Bureau’s (CFPB) rule implementing the “ability to repay” (ATR) provisions of the Truth-in-Lending Act, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).
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News Articles | November 26, 2013
Update: GSEs Developing Standardized Dataset to Support CFPB’s Closing Disclosure Form
Freddie Mac and Fannie Mae (the GSEs) are working together to provide a common industry dataset to support the Consumer Financial Protection Bureau’s (CFPB) proposed Closing Disclosure form. For information about the CFPB’s Closing Disclosure form, please visit their web page, Know Before You Owe (https://www.consumerfinance.gov/know-before-you-owe/).
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News Articles | October 1, 2013
Information Related to CFPB Final Rule on ATR and Our New Mortgage Eligibility Requirements in Today’s Industry Letter
Today Freddie Mac is issuing an Industry Letter to support you as you prepare for our upcoming purchase eligibility requirement changes, announced in Freddie Mac Single-Family Seller/Servicer Guide (Guide) Bulletin 2013-16. Guide Bulletin 2013-16 is part of our response to the Consumer Financial Protection Bureau’s (CFPB) final rule implementing the ability to repay (ATR) provisions under the Truth-in-Lending Act.
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News Articles | August 22, 2013
ULDD Phase 2 Preparation Tips, Specification Update, and More
Our Single-Family News Center article provides you with information on the following: preparing for the Uniform Loan Delivery Dataset (ULDD) Phase 2; ULDD specification updates, including the removal of Appendix E-MISMO Version 3.0 Reference Model with GSE Extensions; Qualified Mortgage requirements; and Fannie Mae's implementation of ULDD Phase 2. As you prepare for ULDD Phase 2, you should now be completing your data point analysis.
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News Articles | July 2, 2013
Industry Letter Provides Additional Information on Our New Eligibility Criteria
As you prepare to adopt the Ability-to-Repay (ATR) and Qualified Mortgage (QM) requirements of the final rule issued by the Consumer Financial Protection Bureau (CFPB), today’s Industry Letter [pdf] provides additional information related to possible future Freddie Mac changes in support of the final rule. Helping you implement regulatory changes such as the ATR/QM final rule is part of our commitment to provide you with comprehensive support and make it easier for you to do business in today’s market.
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News Articles | June 27, 2013
Freddie Mac Continues to Support ULDD Phase 2 Implementation on August 25, 2014
Freddie Mac and Fannie Mae announced on December 13, 2012, the Phase 2 ULDD data requirements for all loans with Application Received Dates on or after March 1, 2014, and delivered on or after August 25, 2014. While Fannie Mae recently announced a delay to their timeline for the Phase 2 ULDD implementation in their Loan Delivery system, Freddie Mac is not making changes to the ULDD Phase 2 requirements timeline.
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News Articles | May 20, 2013
Preparing for the Phase 2 ULDD
Are you getting ready for the Phase 2 Uniform Loan Delivery Dataset (ULDD)? It’s critical that you start your planning process now to ensure that you’re fully prepared for the implementation.