Freddie Mac Revised Bulletin 2010-11
May 25th, 2010
Freddie Mac reissued Bulletin 2010-11 with a revision to the section titled "Workout Prospector."
With the May 17, 2010, Single-Family Seller/Servicer Guide (Guide) Bulletin, we introduced the Freddie Mac HAMP Backup Modification and the Cap-to-Reinstate modification for HAMP-ineligible borrowers. As part of this introduction, we provided detailed instructions on how to process a HAMP Backup Modification in Workout Prospector®. After routine post-implementation testing, we developed more streamlined instructions that will help you process these particular loans. This update will provide you with greater processing efficiency because it will eliminate a step for processing HAMP Backup Modifications in Workout Prospector.
If you have questions about the updated instructions in today's reissued Guide Bulletin, please contact your Freddie Mac representative or call 800-FREDDIE.
To view the revised Bulletin 2010-11, please click here
About Safeguard
Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, Ohio and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with over 700 employees. Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico.