Freddie Mac issued Guide Bulletin 2016-14 (Bulletin). This Bulletin: updates Freddie Mac’s selling representation and warranty framework and the servicing remedies framework (including updates to the Independent Dispute Resolution (IDR) Process introduced in Bulletin 2016-1 and updates to the Impasse and Management Escalation Processes; amends the process for issuing notices of servicing defect and servicing remedy letters for title-related defects; revises eligibility requirements for the Principal Reduction Modification; and revises Freddie Mac’s evaluation model clauses and streamlined modification borrower solicitation letters to align with revisions related to the expiration of HAMP that were announced in Bulletin 2016-10.
Fannie Mae
Fannie Mae Issues Servicing Guide Announcement SVC-2024-06
Fannie Mae issued Servicing Guide Announcement SVC-2024-06 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae clarified requirements related to eMortgages.
November 14, 2024
