MetaSource Mortgage Blog

FHLMC: Delivery of ULDD Data Points

Friday, August 05, 2011

Freddie Mac Update from FHLMC Bulletin 2011-14: for deliveries on or after 8/1/12, delivery of ULDD Data Points for all secondary financing associated with mortgages sold to Freddie Mac becomes mandatory.

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FHLMC: Freddie Mac Is Retiring MIDANET

Friday, August 05, 2011

FHLMC: Effective 3/19/12, Freddie Mac is retiring MIDANET for delivery and removing references to it from the Guide. Therefore, products that were only available for delivery through MIDANET will no longer be eligible for sale to Freddie Mac.

The Details

With this Single-Family Seller/Servicer Guide (“Guide”) Bulletin, Freddie Mac is updating the Guide to include the requirements for delivery of Uniform Loan Delivery Dataset (ULDD) data for the initial implementation phase (“Phase I implementation”) using the MISMO® Version 3.0 Reference Model ("MISMO v3.0”). These requirements apply to all Mortgages delivered to Freddie Mac on or after March 19, 2012 that have Application Received Dates on or after December 1, 2011.

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FHLMC: Amending Guide Revisions Are Effective for All Sellers

Thursday, April 14, 2011

Freddie Mac (FHLMC): Effective 8/1/11, bulletins amending Guide revisions are effective for all Sellers, Gift letter will be required, Chapter 12 Master Agreements amended.

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FHLMC: Freddie Mac Has Revised Form 996

Thursday, April 14, 2011

Freddie Mac Update: effective 6/1/11, Form 996 has been arrived and and the Freddie Mac Selling System version of this form, Form 996E, has been added.

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FHLMC: Lowered Max LTV, TLTV, and HTLTV Ratios

Wednesday, March 02, 2011

Freddie Mac (FHLMC) Update: Effective for mortgages with settlement dates on or after 6/1/11, max LTV, TLTV, and HTLTV ratios are lowered to 95% for all conventional mortgages.

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Freddie Mac Update: Online Reimbursement Retired | MetaSource Mortgage

Tuesday, January 18, 2011

Freddie Mac has announced in Bulletin 2011-1 that their online Reimbursement System will be retired, effective 3/31/11.

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FHLMC: Final Migration of All Servicers from MIDANET

Tuesday, January 18, 2011

Freddie Mac has announced the final migration of all Servicers from MIDANET to Service Loans Application, effective 9/30/11

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FHLMC: Revised Postsettlement Delivery Fees Take Effect

Tuesday, November 23, 2010

Freddie Mac (FHLMC): Bulletin 2010-30 – Revised post settlement delivery fees take effect.

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Seller/Servicers Must Maintain an Acceptable Net Worth of $2.5 Million

Thursday, October 28, 2010

Freddie Mac (FHLMC): Bulletin 2010-23 – Seller/Servicers must maintain an Acceptable Net Worth of $2.5 million, plus a dollar amount equal to 0.25% of their Representation and Warranty Unpaid Principal Balance.

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HAMP Backup Modifications and Cap-To-Reinstate Modifications Must Have a First Modified Payment Due Date

Wednesday, June 23, 2010

Freddie Mac (FHLMC) Update: HAMP backup modifications and cap-to-reinstate modifications must have a first modified payment due date on or before 9/1/10.

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