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Freddie Mac: Guide Bulletin 2021-22: Servicing Updates

Investor Update
June 9, 2021

Source: Freddie Mac

This Guide Bulletin announces:

COFI transition

• COFI transition replacement index – February 1, 2022

Third-party mortgage assistance funds

• Clarification on handling third-party mortgage assistance funds

Subsequent Transfer of Servicing

• Updates to the Subsequent Transfer of Servicing requirements – October 1, 2021

Form 479A

Updates to Form 479A and clarification regarding requirements and processing time

Extinguishment of rights in Collateral

• Clarification on extinguishment of rights in Collateral related to Conveyance or Financing

Depository account monitoring

• Depository account monitoring clarification

Additional Guide updates and reminders

• Further updates as described in the Additional Guide updates and reminders section of this Bulletin

EFFECTIVE DATE
All of the changes announced in this Bulletin are effective immediately unless otherwise noted.
To access full release, please click the source link above.

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