Freddie Mac New Bulk Appeal Template for Late Foreclosure Sale Reporting Compensatory Fees
On February 9, Freddie Mac issued an announcement titled New Bulk Appeal Template for Late Foreclosure Sale Reporting Compensatory Fees.
New Bulk Appeal Template for Late Foreclosure Sale Reporting Compensatory Fees
Today we’re introducing a bulk appeal template for late foreclosure sale reporting compensatory fees. You can use this template to submit more than one late foreclosure sale reporting compensatory fee appeal at a time through the Freddie Mac Default Fee Appeal System, which was announced in Single-Family Seller/Servicer Guide (Guide) Bulletin 2014-16 [pdf]. The appeal system completely automates the appeals process and provides greater clarity, transparency, and communication between you and Freddie Mac for appeals.
When we launched the Default Fee Appeal System in October 2014, we provided a bulk appeal template for foreclosure timeline compensatory fees only. However, we also said that we would provide a template for late foreclosure sale compensatory fees sometime in 2015. Today, we’re following through on that and making it easier to do business with us.
To access the bulk appeal template, and for details on how to request system access, visit the Default Fee Appeal System Web page.
Please Note: We will announce a mandatory adoption date when you must use the Default Fee Appeal System for late foreclosure sale reporting compensatory fee appeals in a future Guide Bulletin.
Training
- View our Default Fee Appeal System tutorial for an overview of the appeal system.
- View and download the Default Fee Appeal System Reference Guide [pdf], which provides a detailed overview of the appeal system and its functions.
For More Information
- Visit the Default Fee Appeal System Web page.
- Read our Single-Family News Center article.
- Sign up for Single-Family news emails, updates, alerts, and education opportunities on our Subscription Center.
- Visit Freddie Mac’s Learning Center for information on our training programs and reference tools.
- Contact your Freddie Mac representative.
Please click here to view the announcement online.
About Safeguard
Safeguard Properties is the mortgage field services industry leader, preserving vacant and foreclosed properties across the U.S., Puerto Rico, Virgin Islands and Guam. Founded in 1990 by Robert Klein and headquartered in Cleveland, Ohio, Safeguard provides the highest quality service to our clients by leveraging innovative technologies and proactively developing industry best practices and quality control procedures. Consistent with Safeguard’s values and mission, we are an active supporter of hundreds of charitable efforts across the country. Annually, Safeguard gives back to communities in partnership with our employees, vendors and clients. We also are dedicated to working with community leaders and officials to eliminate blight and stabilize neighborhoods. Safeguard is dedicated to preserving today and protecting tomorrow. Website: www.safeguardproperties.com.