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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 Justin Berry on September 29, 2011 at 9:01am

I just called 800-373-3343 to get help....It sounds like that are going to try and postpone for me on a BofA file.  Fingers crossed - I'll let you know how it goes.

Comment by Myra McCaskill on July 22, 2011 at 1:10pm
I have a Freddie Mac short sale serviced by Aurora. We were told Freddie Mac is requiring the borrower to pay at closing a $4k cash contribution or take back a $10k promissory note (100 months, no interest). Has anyone had a client take back a promissory note from Freddie Mac?  Do they report the  promissory note on the borrower's credit report file?  I asked aurora, but they did not know as we were told the promissory note payment it is handled by Freddie Mac. Thank you for your help!
Comment by Kevin - Greenville, SC on July 1, 2011 at 9:50am
Loss Mitigation Philosophy - 
At Freddie Mac, we Care about the borrower, the property and the mortgage Believe in the American dream of homeownership 
Are committed to trying to help a borrower, who has involuntary inability to pay, find a solution to the delinquency when financially feasible...
Comment by Kevin - Greenville, SC on June 13, 2011 at 12:01am
Comment by Michael Schneider on May 23, 2011 at 10:35am

Does someone have info on this situation?

I have a Freddie 1st and a Wells 2nd, both serviced by Wells.

My client would like to fully settle the 2nd at time of closing, making an additional payment if necessary.

Wells is stating that Freddie policy prohibits them from negotiating and settling the 2nd at time of closing. Rather, this must be handled one week after closing.

This is NOT a Freddie/HAFA sale, btw.

Wells is stating that this is a Freddie requirement. 

Has anyone else run into this?  Is this really Freddie policy?

Comment by Karen Mathers on May 2, 2011 at 3:53pm
Thanks that is what I wanted to know!
Comment by Kevin - Greenville, SC on May 2, 2011 at 3:47pm

Karen,

 

I have a recent Approval in writing from Chase (Freddie Mac) with the language to not pursue after pushing back on the negotiator when the first Approval letter did not contain this language. 

Comment by Karen Mathers on May 2, 2011 at 3:43pm
Can anyone tell me if Freddie Mac will pursue a deficiency if it is the borrower's primary home? We got a short sale approval and it does not mention anything about what is going to happen to the deficiency. The negotiator said she can't change the letter.  Chase is the servicer and they said that Freddie usually does not go after the deficiency.  I called Freddie and they said the same thing.  Nobody wants to put it in writting?   Should I still insist that it be put in writing and risk the short sale approval that I have now? 
Comment by Karen Mathers on April 20, 2011 at 8:06pm
Thank you so much.  I knew I would get some direction once I posted the problem here.  I can't imagine doing shortsales without being able to call on friends for help.
Comment by Patsy Clevenger on April 20, 2011 at 7:47pm

Call Freddie 800-373-3343 I use them all the time they are great.  HAFA also has an esclation email.  I don't have that off hand youcan google it.

Good Luck

 

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