Freddie Mac issued Bulletin 2018-21 (Bulletin), introducing the GreenCHOICE mortgage for energy and water efficiency home improvements. The GreenCHOICE mortgage provides flexibility to finance the costs of energy and water efficiency improvements using the proceeds from a “no-cash out” or purchase transaction. The GreenCHOICE mortgage can be applied to most mortgage products and any property type eligible under the Single-Family Seller/Servicer Guide. Freddie Mac also updated requirements for condominium project and unit owner flood insurance, and updated requirements with respect to the collection of insurance policy premiums for condominium projects located in Puerto Rico. The GreenCHOICE mortgage is effective for mortgages with settlement dates on and after May 1, 2019. All other changes are effective immediately.
FHA
FHA Revises and Streamlines Policy Established in Mortgagee Letters 2024-24 and 2025-12
FHA issued Mortgagee Letter (ML) 2025-14 revising and streamlining policy established in ML 2024-24 (Modernization of Engagement with Borrowers in Default) and providing clarifications to
June 4, 2025
