Freddie Mac Announces No-Activity Fee To Be Assessed Beginning January 1
On December 17, Freddie Mac released an announcement titled No-Activity Fee to be Assessed Beginning January 2014.
No-Activity Fee to be Assessed Beginning January 2014
As a Freddie Mac Seller/Servicer, it is important that you are aware of the upcoming implementation of the no-activity fee beginning in January 1, 2014.
As announced in Single-Family Seller/Servicer Guide (Guide) Bulletin 2013-12 [PDF] effective January 1, 2014, Seller/Servicers that have not sold a loan to Freddie Mac in the last three years and were not servicing a loan for Freddie Mac as of December 31 of the immediately preceding calendar year will be assessed the $7,500 no-activity fee.
For More Information
Refer to Guide Bulletin 2013-12 [PDF].
Contact your Freddie Mac representative.
Please click here to view the online announcement.
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