Freddie Mac Updates Selling Guide, Introduces New Product

Home / Blog / Freddie Mac Updates Selling Guide, Introduces New Product

Posted To: MND NewsWire

Freddie Mac will be consolidating two of its mortgage products into a single offering effective October 29, 2018. The company announced this and other changes to its Selling Guide in a Bulletin on Wednesday. The affected products are Freddie Mac's Home Possible and Home Possible Advantage Mortgages. The company said it is making the change in response to seller feedback and to provide those sellers with improved operational efficiencies and ease of use. The new product will offer the same loan-to-value (LTV) and total LTV (TLTV) ratios as in the Home Possible Advantage program although certain requirements and loan attributes will continue to vary depending on those ratios. The new product, to be called Home Possible Mortgages , will permit non-owner occupant borrowers on loans secured by one...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: http://www.mortgagen...

9cc01529 870a 4671 ba83 d1bd4c2af6f1 14350394 a605 43ef afe7 c2c616e1dbbd ff0419a6 5d31 4d04 9d9a e49bb613595a f5f3b278 889d 4c7e bbfe 268bb802ac8b 2efe9422 fe48 46b0 8bff 57b6dd7489fe da439b6a 1ea4 440a 87e2 91597d00096c 67f29a04 d2b0 4ec8 b8af fe8ac3814b41 1cbee853 8756 480a 9a77 e7f88063bec2 6b4e2168 948c 47bc 961e f40a3009f99d 24db432c 37f3 4758 a0f1 e4a0d54c8e5a ec660721 16a0 42a4 936c 34e4142cab5f cac8911d 675a 4071 9ce8 1cdc207a4604 d9030e43 c733 4314 bbeb eeba4380f61a 71e768e0 31c3 4f13 92b9 58aaa0145542 dfb1a3d8 ea42 4ca8 b4d1 248bf584d673 7a2133e9 9b6c 4743 ad09 41b276ece82f 99170454 d89c 4756 8cd3 466af3aa747f 1db4e193 5ee9 4631 8839 21896602a71d b98a947e 1100 472e 8402 457cb6ece06d f6dc403a e2bf 4c4f 8bd2 a1f39fd232d6 c25b8209 4bc4 479f 9ef0 ec35e82e58cb dcf438b2 8c47 408f aa50 3ed25e7e13c9 18d37da0 1961 48c3 9dd7 ae481a639573