FHLMC Guide Bulletin 2018-6: Servicing Updates

Investor Update
April 11, 2018

Source: Freddie Mac

With Single-Family Seller/Servicer Guide (Guide) Bulletin 2018-6, we’re making changes to simplify the user experience and provide greater efficiency when servicing Freddie Mac mortgages. The changes include:

  • Automating subsequent transfers of servicing requests and approvals.
  • Introducing a new process to facilitate the move of servicing of one or more mortgages from one Seller/Servicer number to another (“intra-servicer portfolio move”).
  • Providing more specific guidance regarding cancelations of borrower-paid mortgage insurance.
  • Updating our mortgage modifications requirements related to:
  • Home Affordable Modification Program℠ (HAMP®).
  • Escrow shortage and advance repayment.

For details on these changes and other important updates, read Guide Bulletin 2018-6 [pdf] or contact your Freddie Mac representative.

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