Increasing the maximum original loan amounts for Home Mortgages eligible for sale to Freddie Mac
Expanding functionality of the Freddie Mac Selling System (Selling System) by adding fixed-rate Guarantor program capabilities
Updating the Single-Family Seller/Servicer Guide (Guide) to provide revised income limits for Affordable Gold® Mortgages and to refer to an “Underserved Area” instead of a “Concentrated Area” to describe those limits. We are also providing instructions on how to determine income eligibility.
Updating Guide language to reflect the retirement of the Gold Cash Xtra® (GCX) software system
Providing Sellers with direction on how to include title policy endorsements when using an American Land Title Association (ALTA) short form title policy
Providing Guide replacement pages supporting the revisions to our requirements in response to the passage of antipredatory lending legislation in Massachusetts, as announced in our October 1 Industry Letter
Revising contact information on the Form 987, Wire Transfer Authorization for a Cash Warehouse Delivery, and the Form 996, Warehouse Lender Release of Security Interest
Revising Exhibit 57, 1–4 Unit Property Approved Expense Amounts, to increase allowable fees for title work in Utah