Archives For: servicing updates
Freddie Mac announced an extension of the COVID-19 foreclosure moratorium, updates to requirements for borrower-requested cancellation of borrower-paid mortgage insurance, Decision Insights for short sale exceptions, updates to Automated Clearing House authorization forms and more.
9 Dec 2020
Freddie Mac announced the launch of its Unified Counterparty Experience System® (UCount), a user-friendly platform allowing the submission of information formerly provided through Guide Forms 16SF (Annual Eligibility Certification Report), 1107SF (Seller/Servicer Change Notification Form) and the Annual Eligibility Website.
7 Dec 2020
Freddie Mac updated the effective date for the deployment of the new Unified Counterparty Experience System® from November 8, 2020 to December 7, 2020.
2 Nov 2020
Freddie Mac announced updates to electronic payment deferral agreements, transfers of ownership, escrow requirements, eligible disaster requirements and more.
14 Oct 2020
Freddie Mac announced a number of updates relevant to servicers. Included are changes to insurance loss requirements and document custody.
15 Jul 2020
Freddie Mac: FHLMC Guide Bulletin 2020-28: Eligible Disasters and Other Servicing Guidance Related to COVID-19
Freddie Mac announced a number of updates relevant to servicers. Included is guidance related to eligible disasters and the introduction of the Disaster Payment Deferral.
15 Jul 2020
Freddie Mac issued a release outlining upcoming changes to its Servicing Gateway platform scheduled to become effective on May 25, 2020.
18 May 2020
On March 25, Freddie Mac announced the introduction a payment deferral relief option that can help homeowners with an early delinquency due to a short-term hardship situation that has since been resolved.
25 Mar 2020
Freddie Mac issued a release announcing servicing updates related to cooperative share loans and voluntary partial cancellations.
12 Feb 2020
Freddie Mac announced changes to its approved mortgage insurers'(MI) master policies, endorsements and other forms that were last updated in 2014.
20 Nov 2019