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Thursday, 26 April 2007 |
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Freddie Mac has released Bulletin 2007-02 amending various Selling and Servicing requirements.
Among the Servicing requirements that are being amended;
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Freddie Mac now permits Servicers to request and collect certain Borrower loss mitigation documents electronically
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Additional guidance regarding prior approval for low balance charge-offs
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Exhibit 83, Freddie Mac Foreclosure Time Lines, to reflect a change in Colorado foreclosure law
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Exhibit 57A, Approved Attorney Fees and Title Expenses, to remind Servicers of those costs that we consider standard operating costs, which are not reimbursable
To view the Bulletin in its entirety, please click here.
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