MortgageCurrentcy Subscriber Library

Freddie Mac – Bulletin 2021- 25

Description:

This Guide Bulletin announces:

• Affordable housing and lending

➢ Guide updates related to Freddie Mac’s new Refi PossibleSM offering – August 30, 2021

➢ Flexibility allowing Community Land Trust Mortgages to be secured by CHOICEHomes®

➢ Revised requirements for Construction Conversion Mortgages secured by Manufactured Homes

➢ Additional clarity and flexibility related to GreenCHOICE® Mortgages

• Quality control

➢ An update related to availability of Seller’s quality control records

• Gift funds

➢ Updates to the requirements for gift funds used to pay a Borrower’s earnest money deposit

• Uniform Instruments

➢ Updated Security Instruments, Notes and Riders

➢ Revisions to the Authorized Changes page for the Mississippi Note

• Cash-Released XChange® Document Custodians

➢ Additional Document Custodian options when selling loans through Cash-Released XChange® – August 16, 2021

• Additional updates

➢ Further updates as described in the Additional updates section of this Bulletin

Document type:

  • Agency Bulletin/Form

Agency:

Freddie Mac

Download:

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