Freddie Mac issued Bulletin 2020-48 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac updated liquidity eligibility requirements for non-depository sellers and servicers. Freddie Mac also updated the Document Custody Procedures Handbook to align with changes to purchase requirements announced in recent Guide Bulletins. In addition, Freddie Mac revised the time period within which a recorded power of attorney must be provided to the document custodian. Revisions relating to liquidity eligibility requirements are effective March 31, 2021. Revisions relating to powers of attorney are effective January 4, 2021 (sellers and servicers are, however, encouraged to implement the changes as soon as possible). All other revisions are effective immediately.
Click to view the Freddie Mac Guide Bulletin 2020-48: https://www.tenaco.com/wp-content/uploads/2020/12/Freddie-Mac-Guide-Bulletin-2020-48.pdf
