Previous Bulletins discussed the establishment of a three-zone methodology created in order to provide more specific instructions for servicing Mortgages owned by Freddie Mac and for originating Mortgages for sale to Freddie Mac that are secured by properties in specific counties/parishes

With this Guide Bulletin, Freddie Mac is moving thirteen counties/parishes from Zone Two to Zone One and extending the expiration date for previously announced temporary selling and Servicing requirements from March 31, 2007 through June 30, 2007.

The following thirteen counties/parishes are now in Zone 1.
Acadia, LA
Assumption, LA
Beauregard, LA
Iberia, LA
St. Charles, LA
Terrebonne, LA
Clarke, MS
Jasper, MS
Jones, MS
Pearl River, MS
Stone, MS
Wayne, MS
Hardin, TX
There are no changes to the counties/parishes listed in Zone Three.

Please see the following Excel Spreadsheets (links) for the affected zip codes. (Numerous tabs per spreadsheet)

Zone 1

Zone 2

Zone 3

Additional Servicing Requirements
Freddie Mac is extending through June 30, 2007;

• The requirement to obtain prior Freddie Mac written approval before initiating or resuming foreclosures for properties located in Zone Two and Zone Three
• The Servicer’s ability to extend forbearance on an individual case-by-case basis without Freddie Mac approval for properties located in Zone Three
• The suspension of the Guide requirement to collect Borrower documentation to determine eligibility for a long-term forbearance
• The requirement to obtain prior Freddie Mac written approval to complete any lender-initiated property preservation work on properties located in Zone Two and Zone Three
• The temporary credit reporting requirements announced in our February 10, 2006 Bulletin
• The expiration date for the streamlined underwriting requirements for loan modifications
• The delegation to approve a short payoff

To view further details of the servicing requirements along with the selling requirements please click here