Freddie Mac issued Bulletin 2020-39: Servicing Updates (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac updated requirements related to:
- Electronic Payment Deferral Agreements;
- Transfers of ownership and assumptions;
- Escrow accounts; and
- Eligible disasters.
The updates related to escrow accounts are effective February 1, 2021. All other updates are effective immediately.
Click here to view the Freddie Mac Bulletin 2020-39: https://www.tenaco.com/wp-content/uploads/2020/10/Freddie-Mac-Bulletin_2020-39.pdf
