Selling System News
2008 Enhancements
Learn More About the Selling System Enhancements
- Streamlined system enhancements to allow delivery of super conforming mortgages
- New Special Characteristics Code (SCC) D99 to identify certain Freddie Mac-owned no cash-out refinance mortgages
- New life cap flexibility for your Guarantor ARMs
- Added capability to sell mortgages under our fixed-rate Mini Guarantor execution
- Future delivery requirements: New SCCs to identify third-party originated mortgages
- Greater flexibility with enhanced data export functionality
- More concise and detailed error messages
- New "Fee Detail" data set for Net Price Cash customers
Previous Selling System Enhancements
2007 Enhancements
Special delivery requirements related to Freddie Mac delivery fee rate modifications for:
- Certain Home Possible® Mortgages
- Mortgages with 80/10/10 secondary financing structures
- Home Possible Mortgages with secondary financing
- Improved ARM Stratification Report
- New SCC for Renovation Mortgages, a component of our Mortgages for Newly Constructed Homes offering.
2006 Enhancements
- New system capabilities for Mortgages for Newly Constructed Homes
- Access to Freddie Mac’s Exclusionary List through the selling system
- Extended WAC ARM Cash contract execution availability hours of operation
- More ARM products and options
- Expanded mortgage product capabilities
- Increased sale options to help strengthen your affordable lending business Opportunities
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