Freddie Mac: FHLMC Guide Bulletin 2020-46: Servicing Updates

Freddie Mac: FHLMC Guide Bulletin 2020-46: Servicing Updates

Investor Update
December 9, 2020

Source: Freddie Mac

Review today’s Single-Family Seller/Servicer Guide (Guide) Bulletin 2020-46Opens in a new window to learn more about the following:▪ COVID-19 updates including:▪ An extension of the COVID-19 foreclosure moratorium through January 31, 2021;▪ Requirements for canceling borrower-paid mortgage insurance post-COVID-19 related hardship after the mortgage has been restored to current status

▪ The first available component of the ResolveSM user interface has launched through Decision Insights for all non-delegated short sales submitted via Workout Prospector®

▪ Simplified Automated Clearing House (ACH) authorization process

▪ Updated Freddie Mac Flex Modification trial period requirements

▪ Additional updates to electronic Payment Deferral agreements to provide greater specificity

▪ Clarification to occupancy waiver requests for second homes

▪ Revisions to Form 1036, Request for Possession or Control of Documents

You’ll also find other Guide updates and clarifications in the Bulletin that may be important to your business.

Reference Tool for Temporary COVID-19 Related Requirements

To assist you in managing to our selling requirements, take advantage of our reference tool available in our COVID-19 Resource Center. With it you can quickly access the temporary COVID-19 related requirements and check for loan eligibility in conjunction with the requirements outlined in the applicable Guide sections.