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Freddie Mac

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

Members: 240
Latest Activity: Oct 15

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 Karen Mathers on April 20, 2011 at 7:44pm

How do you go to Freddie?  Do you just call them? 

I was driving home after I posted my question and I think I know why they did this. The seller has a 1st and a 2nd with Chase.  The first lien is a Freddie Mac Investor loan.  The 2nd lien is a Chase loan.  If they allow this to be a HAFA short sale they have to take what is allowed as the 2nd lien holder and they can't pursue a deficiency. They are doing this to protect their 2nd lien!

Comment by Jim Schneider on April 20, 2011 at 4:40pm
Karen, you're right, that doesn't add up. Sounds like Chase wants to be lazy, I'd go direct to Freddie and explain the situation.
Comment by Karen Mathers on April 20, 2011 at 4:26pm

NEED SOME ADVICE . . . We sent a short sale package into Chase for a Freddie Mac HAFA short sale.  Somewhere along the line it was switched over to a regular short sale and now we have an approval but they are reserving the right to pursue a deficiency.  When I called and asked why it was not approved as a HAFA short sale I was told the investor is not participating in HAFA at this time?  The investor is Freddie Mac and they have their own HAFA program . . . how can they tell me they do not participate in the program they designed for themselves?   Am I getting the run around from Chase or from Freddie Mac?  Does anybody know what the chances are that Freddie Mac will pursue deficiencies after closing when it is a primary home? 

Comment by David A. Roebuck on April 18, 2011 at 6:39pm

Smitty - they are asking for 91% of the balance on the loan which is higher than anything comp that has sold recently

Kevin - 89% of the net BPO sounds high also - this is only $150k or so.

Comment by Kevin - Greenville, SC on April 18, 2011 at 2:35pm
not sure if there is a hard fast rule.  I just closed on one around 89% net of the BPO.
Comment by Smitty on April 18, 2011 at 2:33pm
I always believed it was at 92% so that sounds about right.
Comment by David A. Roebuck on April 18, 2011 at 1:00pm
Anyone know if there is a guideline or rule of thumb for Freddie as far as percentage of appraisal they will accept in a Short Sale. I just received word that they are requesting the buyer to raise their offer and the seller to bring cash to closing which together will equal 91% of the mortgage amount - servicer won't tell me what appraised value came in at.
Comment by Kevin - Greenville, SC on March 24, 2011 at 7:03pm

Isaac,

No, I have not, and personally I don't think they can make that type of promise.  Your client needs a qualified attorney representing them at this point in time in my opinion.

 

Comment by Isaac Ramirez on March 24, 2011 at 6:59pm
Who do you suggest Kevin? There is a company that said for $3,000 they can get the bank to reverse the sale ??? Have you ever heard of that?
Comment by Kevin - Greenville, SC on March 24, 2011 at 6:25pm
Isaac, Time for them to consult an attorney.
 

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