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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 Kevin - Greenville, SC on December 1, 2015 at 11:29am

I'm not aware of any guideline. time for escalations.

Comment by Ashley Den Uyl on December 1, 2015 at 11:14am

6 months

Comment by Kevin - Greenville, SC on December 1, 2015 at 11:14am

how long is your states redemption period?

Comment by Ashley Den Uyl on December 1, 2015 at 11:09am

Does Freddie Mac have a guideline that requires the short sale to be approved within 3 months of the redemption period? PNC Bank is telling me this is the reason they shut down my ss file..... :-(

Comment by johnna lodge on August 3, 2015 at 9:50am

Is Freddie Mac contributing funds to seller at closing for an owner occupant or has that changed?

Comment by Jeffrey W Wolff on March 18, 2015 at 2:46pm

Thanks guys.  Already restarted the file, and BofA has open inquiry to Freddie for response.  Buyer is now delinquent this month, and it appears they were demanding more than full payoff as the offset is only $28k not $30k+. 

It does not pay to do the right thing by borrowers, only what is necessary to complete a short sale.

Comment by Brett Goldsmith on March 18, 2015 at 2:30pm

I agree with Kevin, it could very well be because the borrowers are current. The other idea is to try a value dispute and to keep pushing the fact that the borrower(s) are facing imminent default.

[email protected]

310-564-6389

www.ishortsalenow.com

Comment by Kevin - Greenville, SC on March 18, 2015 at 1:40pm

Jeff, It's very common for Freddie to do that on loans that are current.  A BPO is just one piece of the puzzle too.

Comment by Jeffrey W Wolff on March 18, 2015 at 12:45pm

Need a little help on a Freddie Mac issue.  We had an offer of $209k and BPO value at $208k with Seneca Mtg(on behalf of BofA).  They just declined out saying freddie wants $30k more than fair value.  I have never seen this before and I have done hundreds of short sales.  Before we go directly to Freddie, does anyone have any ideas?  The seller is current on their mortgage as well.

Jeff

Comment by L Brown on February 17, 2015 at 2:25pm

Yea, thanks Bryan and Kevin!

 

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