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Freddie Mac

Information on Freddie Mac, one of the largest mortgage investors in the world.

Members: 239
Latest Activity: Oct 15, 2018

Freddie Mac Short Sale Contact info

 

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FREDDIE MAC ANNOUNCEMENTS

Freddie Mac Standard Short Sale FAQs

Freddie Mac BPO Form

FreddieMac Short Payof Overview.pdf

Check your loan here to see if Freddie Mac is the investor:

https://ww3.freddiemac.com/corporate/

 

Freddie Mac Seller / Servicer Guide:

lLook at CH 64 - 69 Servicing Non-Performing Mortgages>

http://www.freddiemac.com/sell/guide/ Click on the Allregs Link

 

New Initiative to get Fannie and Freddie on the same page:

Servicing Alignment Overview

 

Contact Info

Freddie Mac Borrower Outreach 877.518.8429
Freddie Mac: 800- FREDDIE press 0

[email protected]

email structure: [email protected]

 

 

Freddie Financials Form.pdf

 

Older Freddie Mac Discussions

 

Freddie Mac Investor Guidelines Info

 

 

 

Discussion Forum

RD loan guidelines

Started by Ashley Den Uyl Sep 28, 2015. 0 Replies

I have a buyer doing an RD loan on one of my short sales and is asking for roughly 4% closing cost to be paid by the seller. Does Freddie Mac allow more than 3% seller concessions with an RD loan?Continue

RD loan guidelines

Started by Ashley Den Uyl Sep 28, 2015. 0 Replies

I have a buyer doing an RD loan on one of my short sales and is asking for roughly 4% closing cost to be paid by the seller. Does Freddie Mac allow more than 3% seller concessions with an RD loan?Continue

Seller Contribution at Closing for freddie mac loans?

Started by johnna lodge. Last reply by Kevin - Greenville, SC Aug 3, 2015. 2 Replies

Hi All,I know FHA provides seller contributions at closing for owner occupied sellers.Does freddie mac provide owner occupied contributions for owner occupied properties still?thanks,JohnnaContinue

Plaza Home Mortgage handling Freddie Mac loan

Started by L Brown. Last reply by L Brown Feb 12, 2015. 2 Replies

We're initiating a short sale with Plaza Home Mortgage and were surprised how quickly they filed a Notice of Sale after the loan mod failed. They are quoting 23 days to auction.This is a Freddie Mac…Continue

Tags: short, sale, Mac, Freddie, Home

Comment Wall

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Comment by Brett Goldsmith on October 15, 2018 at 8:53am

@Allan you should escalate to a manager as there appears to be misscommunication somewhere. That doesn't make sense that they would have a "value" of 298 and then do a price reduction per value dispute and say they want a NET of 269K. Did he want a NET of 298K before?

It's tough to escalate to Freddie Mac directly. At times they let the homeowner escalate to them directly.

[email protected]

310-564-6389

www.ishortsalenow.com

Comment by Allan Robinson on October 15, 2018 at 7:33am

Help!!  Im working with Bayview on a Freddie Mac short sale. BTW, been specializing in SSs since 2002 but haven't done a lot of Freddie Mac.  A BPO was done on and the value is $298K. However, there are some major structural issues with the house that the BPO guy ignored.  The negotiator at Bayview said we could dispute the BPO so I sent in my documentation along with a $40k structural estimate.  

A week late the negotiator said the new value came back and it is now $269,000.  He instructed me to prepare a new counter with a purchase price of $269K and a revised HUD.  So I sent that in and Freddie Mac rejected the offer and they said they wanted Minimum Net Proceeds of $269 which makes the purchase price $297 which is the original value.  

I dont really have a lot of confidence in the negotiator at this point.  Any ideas on what to do next.  Can I directly dispute the value with FM?

Comment by Brett Goldsmith on July 28, 2017 at 5:13am

@bill I'm pretty confident that the answer is yes, the 1st MTG should be able to confirm that for you if the investor on their note is FHLMC.

[email protected]

310-564-6389

www.ishortsalenow.com

Comment by Bill Garrett on July 28, 2017 at 4:17am

FREDDIE MAC:  Is the 2nd Mortgage Required to Waive Deficiency?

I know Freddie has a $6k cap for junior liens. 

Does Freddie require the 2nd lien to waive the deficiency (in addition to releasing lien) in exchange for the $6k?  

Thanks.  Bill Garrett [email protected]

Comment by Dean E Eshelman, CPA, CDPE, IRES on June 16, 2017 at 3:01pm
@Corinn I would like to know too. BPO 360 reduced price now down to 299 and fixing to reduce another 10k.
Comment by Corinn on June 16, 2017 at 3:48am

Does anyone know the minimum net requirements for Freddie Mac insured loans?  

Comment by Lori Young on July 12, 2016 at 1:18pm

Anyone who knows policy is it common for Freddie Mac to offer 2.5% cobroke on a foreclosure?

Comment by Ashley Den Uyl on December 1, 2015 at 9:09am

How do you do this?

Comment by Kevin - Greenville, SC on December 1, 2015 at 8:57am

I understand ONE person told you that. time to escalate to people higher up at PNC and to Freddie Mac.

Comment by Ashley Den Uyl on December 1, 2015 at 8:55am

They closed out my file and told me there is nothing they can do....

 

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