Freddie Mac Representation and Warranty Framework Version 2
On June 26, Freddie Mac released an update titled Version 2 of the Representation and Warranty Framework Effective July 1.
Version 2 of the Representation and Warranty Framework Effective July 1
Beginning next month, mortgages you deliver to Freddie Mac will be covered by the enhanced version of the selling representation and warranty framework (referred to as Version 2 of the framework) that was announced in Single-Family Seller/Servicer Guide (Guide) Bulletin 2014-8 [PDF]. This means you’ll have even greater certainty regarding your repurchase risk exposure for mortgages with Freddie Mac settlement dates on or after July 1, 2014.
As a reminder, the eligibility requirements originally introduced in September 2012 (referred to as Version 1 of the framework) will continue to apply to mortgages with Freddie Mac settlement dates on and after January 1, 2013, and before July 1, 2014.
For More Information
Review the following for details on the eligibility requirements of Version 1 and Version 2 of the framework.
- Guide Bulletin 2014-8 [PDF].
- Updated FAQs on the representation and warranty framework.
- Side-by-side comparison of Version 1 and Version 2 requirements.
- Selling Representation and Warranty, Version 2 webinar.
- Freddie Mac Representation and Warranty Framework Web page.
To view the online release, please click here.
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