Freddie Mac issued Bulletin 2017-2 (Bulletin), announcing revisions to Freddie Mac’s origination requirements. In accordance with the Bulletin, Loan Product Advisor has been enhanced to accommodate borrowers who lack a credit score (subject to additional mortgage eligibility requirements). Currently, a mortgage loan must be manually underwritten when no borrower on the mortgage has a credit score. The Bulletin also announces updates to Loan Product Advisor requirements for mortgage loans where not all borrowers on the mortgage have a usable credit score. In addition, the Bulletin announces: new functionality in the Selling System with respect to guarantor and multilender pricing for purchase contracts; revised requirements for second home and investment property mortgage loans; updates to homeownership education requirements for manually underwritten mortgage loans; the creation of new ULDD Data Points to help identify warehouse lenders; updates to Guide Exhibit 10 (due to the acquisition of United Guaranty Corporation by Arch Capital Group Ltd); and a new effective date for updates to Guide Forms 16SF and 1107SF reporting requirements.
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
