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FHLMC February 23rd Bulletin
Friday, 23 February 2007
Freddie Mac has issued its February 23rd Bulletin amending certain servicing and selling requirements.

Updated Servicing requirements include;

  • The introduction of an additional option for submitting Form 104DC, Designated Counsel/Trustee, via a new online process.

  • Revision of Form 105, Multipurpose Loan Servicing Transmittal.

  • Update to the Guide to reflect the retirement of the Alternative Balloon Loan Modification Program.

  • The renaming and enhancing the Loan Modification Worksheet Transmittal.

  • Updates to Forms 479A "Single-Family Servicing Agent Certification", and Form 960 "Agreement forConcurrent Transfer of Servicing of Single-Family Mortgages", to allow facsimile transmission

  • Updates to the Guide to require that when filing a claim on an FHA/Veterans Affairs (VA) Mortgage, Servicers must submit the claim to the FHA or VA to ensure that claim proceeds are paid directly to the Servicer instead of Freddie Mac.

 For additional information, including all the updating Selling requirements, please click here.