MortgageCurrentcy Subscriber Library

Description:

Effective for Mortgages with Settlement Dates on and after May 1, 2021, we will no longer purchase Manually Underwritten Mortgages secured by  Investment Properties or second homes.

Effective April 15, 2021, all non-Loan Product Advisor Mortgages secured by Investment Properties or second homes submitted to Loan Quality Advisor® will receive a Risk Assessment result of “Yellow – High Likelihood of Caution”. Investment Property and second home Mortgages that are resubmitted to Loan Quality Advisor’s Risk Assessment service on or after April 15, 2021, will receive a “Yellow” Risk Assessment result regardless of the result of the previous submission and will be ineligible for sale to Freddie Mac.

Document type:

  • Agency Bulletin/Form

Agency:

Freddie Mac

Download:

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