Freddie Mac issued Bulletin 2022-4 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac:
- Introduced “Total MI Reconciliations”, a new suite of mortgage insurance tools that digitize and integrate the tri-party workflow among mortgage insurance companies, servicers, and Freddie Mac.
- Retired the Mortgage Insurance Information Disclosure Agreement (Form 1207)
- Updated Exhibit 33, Acknowledgment Agreement Incorporated Provisions, to be more consistent with other acknowledgment agreements.
- Added another scenario in which the servicer must evaluate the borrower for a Streamlined Short Sale or Deed In Lieu of Foreclosure.
- Updated Exhibit 82, Electronic Default Reporting (EDR) Transmission Code List, to reflect that EDR code TM has been retired.
- Clarified use of EDR Status Code 9 (Forbearance).
Revisions with respect to Total MI Reconciliations and retirement of Mortgage Insurance Information Disclosure Agreement (Form 1207) are effective May 16, 2022. All other updates are effective immediately.
Click to view the Freddie mac Guide Bulletin 2022-4: https://www.tenaco.com/wp-content/uploads/2022/02/Freddie-Mac-Guide-Bulletin-2022-4-02-09-22.pdf
