Freddie Mac introduced the CHOICEHome pilot program. CHOICEHome is a new type of manufactured home with features comparable to site-built homes. Under the pilot program, lenders may utilize Freddie Mac’s construction conversion loans, and Home Possible and HomeOne mortgages to finance a CHOICEHome. In addition, Freddie Mac permits the use of site-built homes as comparable sales on an appraisal when there are no CHOICEHome sales available. The CHOICEHome pilot program is effective immediately.
Fannie Mae
Fannie Mae Issues Selling Guide Announcement SEL-2025-02
Fannie Mae issued Selling Guide Announcement SEL-2025-02 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae is integrating Condo Project Manager
April 3, 2025
